AUD and NZD interest rate cuts?
Jun 5th 2003, 6:34 am
#16
Sydneysider and lovin it!
Joined: Nov 2002
Location: Sydney - Eastern Subs
Posts: 225
Swings and roundabouts chaps!
Telegraph today
"Dow closes above 9,000
The Dow Jones industrial average closed above the 9,000-mark for the first time in nearly 10 months, soaring more than 100 points following a pair of positive economic reports.
The gains were surprising given some bad news from DaimlerChrysler, which warned of a big loss in its struggling Chrysler division, and the fact that stocks were primed for a retreat following weeks of heavy buying.
"People are now looking for reasons to buy stocks, not sell them," said Michael Murphy, head trader at Wachovia Securities in Baltimore.
In its fourth advance in a row, the Dow closed up 116.03, or 1.3%, at 9,038.98. It was the first time the Dow finished above 9,000 since August 22, when it stood at 9,053.64.
In the past four sessions, the Dow has gained nearly 330 points.
The market's broader indicators also climbed. The Nasdaq composite index, already trading at levels not seen in more than a year, rose 31.09, or 1.9%, to 1,634.65.
The Standard & Poor's 500 index advanced 14.68, or 1.5%, to 986.24.
Buyers have dominated the market for nearly three months, as companies reported better-than-anticipated first-quarter earnings, the war with Iraq was quick and economic data has strengthened.
Since March 11, when the rallies began, the Dow has risen 20.1%, the Nasdaq has gained 28.6% and the S&P has increased by 23.2%.
The Institute for Supply Management reported today that activity in the service sector grew at a faster-than-expected pace in May, marking the highest level in the indicator since the beginning of the year."
So if you have your Oz money in the markets you'd come out about equal!
Dinky
Telegraph today
"Dow closes above 9,000
The Dow Jones industrial average closed above the 9,000-mark for the first time in nearly 10 months, soaring more than 100 points following a pair of positive economic reports.
The gains were surprising given some bad news from DaimlerChrysler, which warned of a big loss in its struggling Chrysler division, and the fact that stocks were primed for a retreat following weeks of heavy buying.
"People are now looking for reasons to buy stocks, not sell them," said Michael Murphy, head trader at Wachovia Securities in Baltimore.
In its fourth advance in a row, the Dow closed up 116.03, or 1.3%, at 9,038.98. It was the first time the Dow finished above 9,000 since August 22, when it stood at 9,053.64.
In the past four sessions, the Dow has gained nearly 330 points.
The market's broader indicators also climbed. The Nasdaq composite index, already trading at levels not seen in more than a year, rose 31.09, or 1.9%, to 1,634.65.
The Standard & Poor's 500 index advanced 14.68, or 1.5%, to 986.24.
Buyers have dominated the market for nearly three months, as companies reported better-than-anticipated first-quarter earnings, the war with Iraq was quick and economic data has strengthened.
Since March 11, when the rallies began, the Dow has risen 20.1%, the Nasdaq has gained 28.6% and the S&P has increased by 23.2%.
The Institute for Supply Management reported today that activity in the service sector grew at a faster-than-expected pace in May, marking the highest level in the indicator since the beginning of the year."
So if you have your Oz money in the markets you'd come out about equal!
Dinky
Jun 5th 2003, 7:18 am
#17
Banned
Joined: Mar 2003
Posts: 4,432
Originally posted by Dinky
So if you have your Oz money in the markets you'd come out about equal!
Dinky
So if you have your Oz money in the markets you'd come out about equal!
Dinky
Penty coulda shoulda woulda. Didya?
Jun 5th 2003, 9:24 am
#18
BE Enthusiast
Joined: May 2003
Location: Exit UK 23rd Mar 2004, arriving in NZ 29th Mar (stop off LA Disney)
Posts: 385
Originally posted by pleasancefamily
NZD:
The inflation rate is projected to fall from 2.5 per cent to 1.5 per cent by the end of this year mainly due to the effects of the stronger New Zealand dollar.
NZD:
The inflation rate is projected to fall from 2.5 per cent to 1.5 per cent by the end of this year mainly due to the effects of the stronger New Zealand dollar.
IMO, Deflation is a huge worry for many economies, many looking at Japan with panic!
