Australian stocks are expected to open flat on Monday as Wall street closed the week modestly lower following its horror session on Thursday. AMP Investments chief economist Shane Oliver said the federal government’s announcement that it would guarantee all money deposits for the next three years would have little impact on Monday’s market. “Whether it…
This note looks at the continuing turmoil in financial markets. The key points are as follows: • Shares have made new lows in the past week on more bank failures and uncertainty about the US relief package. • Successful approval the implementation of the US debt relief package should head off a worst case economic…
This note looks at the wild swings in financial markets over the last week or so. The key points are as follows: • The move to a comprehensive solution to the financial crisis by US authorities substantially removes the risk of a financial meltdown. • The ride for investors will remain rough though as the…