| 10 Oct 2008 |  |  |
Markets Today |
| | US stock markets plunged into the close the S&P 500 down 7.6% and the Dow off 7.3%. UK lost 1.2%, Paris -1.6% and Frankfurt down 2.5%. US bonds fell at the long end, 10-yr yields up by 15 bps to 3.79% ... |
| 9 Oct 2008 | |  |
Data Review - Labour market weakens in August - adds to economic case to cut rates |
| | Unemployment rose to 4.3% (equalling consensus) in Sep from 4.1% last month and off Feb's low of 3.7%. |
| 9 Oct 2008 | | |
Markets Today |
| | Central bank cut rates; markets still jumpy: Global central banks announced a co-ordinated arte cut overnight. |
| 8 Oct 2008 | | |
Data Review - Housing Lending falls in August - Lending for housing construction dreadful |
| | The number of loans for the purchase of owner occupied housing fell by 2.2% in August (median forecast -1%). |
| 8 Oct 2008 | | |
Data Review - Global financial crisis news beats consumers about the head |
| | Consumer sentiment took anther turn for the worse in October, falling 11% after having recovered 7% in September in the wake of the September rate cut and a 9.1% rise in August when the RBA shifted its ... |
| 8 Oct 2008 | | |
Markets Today |
| | US equity markets were smashed again. The Dow closed 5.1% lower, the S&P 500 down 5.7%, and the NASDAQ was down 5.8%. |
| 7 Oct 2008 | | |
Data Review - RBA cuts the cash rate by 100bps to 6.0%...further cuts expected in coming months |
| | The RBA cut the cash rate today by a massive 100 basis points to 6.0% - the biggest cut since May 1992 and the biggest move (in either direction) since December 1994. |
| 7 Oct 2008 | | |
Markets Today |
| | Another night of big losses in equity markets, oil and the AUD overnight. |
| 7 Oct 2008 | | |
What to Watch - Economics |
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| 7 Oct 2008 | | |
Markets Today |
| | The $700bn rescue plan was passed by the US House of Representatives on Friday night, by a margin of 263-171 votes. George W. Bush has since signed it into law |
| 3 Oct 2008 | | |
Australian Markets Weekly |
| | Global forecasts unchanged. But risks of very hard landing rise. Nab lowers its Australian RBA Rate Outlook to 5% by early 2009. The RBA to start with 50 points next week. |
| 3 Oct 2008 | | |
Australian Markets Monthly |
| | While it now looks as if the US Congress will finally approve the TARP package, the package is not a 'silver bullet'. |
| 3 Oct 2008 | | |
Markets Today |
| | The Dow fell 348 points (-3.2%), the S&P 500 fell 4.0% while the Nasdaq fell 4.5%. |
| 2 Oct 2008 | | |
Data Review - International Trade records second largest surplus on record |
| | The international trade position moved back into surplus in August, posting a $1.36bn surplus (consensus +$200m, NAB +$450m) after the revised $697m deficit in July. It was the second largest surplus ... |
| 2 Oct 2008 | | |
Markets Today |
| | The US Senate will vote again later this morning on the $700bn rescue plan with rising expectation that it will pass through Congress. |
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