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STOCKS - AUSTRALIAN SHARES OPEN HIGHER - NOV 1, 2007.
SYDNEY, Nov 1 Asia Pulse - An interest rate cut in the United States and climbing oil and metals prices have helped to push the Australian share market more than one per cent higher this morning.
At 1015 AEST, the benchmark S&P/ASX200 index had added 59.3 points to 6813.4, while the All Ordinaries was gained 68.1 points at 6847.2.
Both indices set new intraday highs, breaking records set on Monday, October 15, when the S&P/ASX200 hit 6800.2 and the All Ordinaries reached 6809.3.
On the Sydney Futures Exchange, the December share price index contract was up 54 points to 6848 on a volume of 5,488 contracts.
US equity markets were higher overnight, boosted by the US Federal Reserve interest rate cut and after the US economy grew by more than forecast.
...- 3 factors behind BOJ rate cut / Market volatility, govt pr.
- Magazine article from: Yomiuri Shimbun/Daily Yomiuri November 2, 2008 700+ words
...were 25 basis points. Facing worsening...considering a rate cut on Monday, when...dollar at one point on the day...the 20 basis point rate cut at the latest...cut by 25 basis points. But those executives...a 20-basis point cut clearly wanted...
- 3 factors behind BOJ rate cut/Market volatility, govt pres.
- Magazine article from: Yomiuri Shimbun/Daily Yomiuri November 2, 2008 700+ words
...were 25 basis points. Facing worsening...considering a rate cut on Monday, when...dollar at one point on the day...the 20 basis point rate cut at the latest...cut by 25 basis points. But those executives...a 20-basis point cut clearly wanted...
- Rate cut risks inflating asset bubble.
- News wire article from: Asia Africa Intelligence Wire August 12, 2002 700+ words
...is that the talk of a rate cut is premature and does...be necessary at this point, a rate cut could inflate asset prices...who call for another rate cut say even if further monetary...consumer spending. At this point, the central bank...
- Big interest rate cut tipped.
- News wire article from: Bulletin Wire October 6, 2008 700+ words
...John Peters said while a rate cut was needed to improve...cent chance of a 50 basis point rate cut. "If they don't do...cut rates by 25 basis points in October, and follow...quarter of a percentage point easing by Christmas if...
- (News Focus) Unscripted rate cut seen to boost sagging Korean economy.
- News wire article from: YON - Yonhap News Agency of Korea October 28, 2008 700+ words
...Monday's unprecedented rate cut was the biggest by...by 0.5 percentage point. Analysts said the rate cut indicated the central...with an aggressive rate cut," he said. Park...another 0.75 percentage point in the future in order...
- Interest Rate Cut May Spur Economy.
- Newspaper article from: High Point Enterprise (High Point, North Carolina) (via Knight-Ridder/Tribune Business News) November 8, 2002 700+ words
...half-percentage point drop in interest...see a 500-700 point jump in the Dow...larger interest rate cut and the GOP wresting...as much as 88 points after the interest rate cut was announced...anticipated half-point reduction in most...
- Punters look to rate cut amid gloom.
- News wire article from: Asia Africa Intelligence Wire October 31, 2002 700+ words
...about the need for a rate cut from the Fed speakers...index slid to 79.4 points this month, its...rates by 50 basis points and saying "the...conclusion [that a rate cut is likely], it...second quarter-point rate cut at the Fed's December...
- An ill-advised rate cut.
- News wire article from: Asia Africa Intelligence Wire July 12, 2003 700+ words
...overnight call rate by 25 basis points to 3.75 percent. Indeed...past several months. But the rate cut was an ill-advised move...do more harm than good. The rate cut was estimated to save households...central bank admitted and the May rate cut bore out, it will have only...
- Rate Cut for Missouri Telephone Customers Held Up in Court. (Originated from...
- Newspaper article from: Knight Ridder/Tribune Business News Stroud, Jerri January 10, 1994 700+ words
...that it is stalling the rate cut. A spokesman, Gerald...temporarily blocking the rate cut. The court also preserved...investment - 2.38 percentage points more than the earnings...company could tie up the rate cut for a year and a half or...
- Bonds Pointing To Another Fed Rate Cut As Markets Digest Purchaser, Retail...
- Magazine article from: Investor's Business Daily October 1, 2002 700+ words
...favor of an interest rate cut at last Tuesday's Fed...chance of a 25 basis point interest rate cut by Nov. 6, when the...report may also inspire a rate cut. "If the upcoming payroll...Chicago Index doesn't point to an outright recession...
Source: HighBeam Research, STOCKS - AUSTRALIAN SHARES OPEN HIGHER - NOV 1, 2007.