Markets Down
Markets tumbled around the world, the euro fell sharply against the yen and the US dollar;oil dropped below $US90 a barrel and the Australian dollar plunged by over 5% in a matter of hours.
Companies in the News
Australian Economy
Markets Test With US Earnings Starting
Nowhere to run, nowhere hide, or so it seems in recent weeks.
SUN: A Break UP, Well-Timed?
Well, a deal might not happen, but it's one way to stop the rot in the share price.
Rates To Go Lower Here, Jobs In US Terrible
Our Labour Force figures are out Thursday and its likely there will be an end to the growth in the labour market.
DIARY
As we have seen, the issues this week for investors will be the Reserve Bank, interest rates, employment in Australia, shares, banks generally, credit freeze, earnings in the US, interest rates in Britain and Japan and confidence generally.
Credit Freeze Hits Economy
The world economy continues to slide closer to the edge of recession with manufacturing around the world taking a major hit last month from the credit crunch and the credit freeze.
Midday Market Roundup 03/10/2008
The market is struggling today – we are down 76 – Down 128points at worst, down 43 at best on the back of heavy falls on Wall Street. We are expecting a decision on the Stabilisation Bill tonight in the US. Resources underperforming. You know resources are in for a rough day when the two big boys – BHP and RIO – fall over 10% in the ADR form overnight - both down 4.1% and 4.6% this morning. Resources down 4.0% across the board. Healthcare sector they only one putting some gains on. Financials down 1.1% and Property Trusts down 1.0%.
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