Markets Up Last Week
Recession and not impending collapse now dominate the thinking in financial markets, especially among equities investors.
Companies in the News
Australian Economy
Gold Sent Lower
Gold took the brunt of the commodities sell off last week, ending with a nasty $US16 plus fall on Friday.
South Korea Moves To Shore Up Finances
Struggling South Korea has further boosted its attempts to stabilise its weak currency and financial markets.
Diary: CPI
Yes, we've got a lot here this week to watch out for:
Australia Market Report of October 17: Market on Roller Coaster
Overnight Wall Street gained in a late rally early this morning, as investors snapped up beaten-down shares after Wall Street's worst day since the 1987, and consumer companies gained as the price of oil fell.
Investor Relations Firm Financial & Corporate Relations Wins Top Award & Ranks Highly
Investor Relations firm Financial & Corporate Relations (FCR), which specialises in assisting mineral and petroleum companies with communication, this week received the communication industry's highest award for investor relations and was listed as one of the top 20 firms advising on mergers and acquisitions this year.
Midday Market Roundup 17/10/2008
The market is having an up-day for a change – up 35 or 0.9% - but not the 201 point gain the SFE Futures suggested. Was up 137 points early on. Resources are mainly to blame – the sector is underperforming overall on the back of metals prices getting smashed overnight, along with the gold and oil price. Resources unchanged at midday, energy up 1%, property up 3.5%, and financials up 1.1%.
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