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STOCKS - AUSTRALIAN INDEX OPENS FLAT - JULY 1, 2004.
SYDNEY, July 1 Asia Pulse - The Australian sharemarket opened virtually flat this morning, with only gains or losses in the major stocks such as resources, banks and News Corp.
United States markets shifted higher overnight after US interest rates went up for the first time in four years.
The Fed's rate hike moves the benchmark federal funds rate up to 1.25 per cent from one per cent.
At 1016 AEST the benchmark S&P/ASX 200 index was steady at 3532.9 and the all ...
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Source: HighBeam Research, STOCKS - AUSTRALIAN INDEX OPENS FLAT - JULY 1, 2004.