Friday, October 30, 2009

Huge week;Reserve Bank again dominating the calendar.

InsideStory subscribers, here is the November CommSec report, a great summary of activity.

Here are a few quotes from the report….

We expect the Reserve Bank to lift the cash rate by 25 basis points (quarter of a percent) on Tuesday. Data over the past month shows continued recovery of the domestic economy….”

The sharemarket bulls may not agree, but the past week has represented a healthy period of consolidation for the market….”

“Overall, there is an expectation amongst financial market participants of a gradual lift in interest rates over the coming year with the 12-month OIS rate at 4.53 per cent….”

Commsec: Investor Signposts (pdf)

Worth a read, brief and to the point.


Anthony Toop, Managing Director.

© Toop Real Estate Group

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