300
12th December 2007, 07:11 AM
http://www.radioaukiman.com/images/misc/300finance .jpg
The US Fed cut interest rates by .25 points overnight and on the announcement the Dow Jones dropped 290 points as investors were obviously betting on a .50 point cut. There will be ramifications for the Australian exchange today - oh well, foetal positions everyone :mad:
The ASX was up by approximately 40 points yesterday, with a sharp gain in the morning that held up all day. Will see how today pans out....
Just my 2 cents.
The US Fed cut interest rates by .25 points overnight and on the announcement the Dow Jones dropped 290 points as investors were obviously betting on a .50 point cut. There will be ramifications for the Australian exchange today - oh well, foetal positions everyone :mad:
The ASX was up by approximately 40 points yesterday, with a sharp gain in the morning that held up all day. Will see how today pans out....
Just my 2 cents.