Nice timing on the Interest rate cut in US! - Aussie Stock Forums

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  1. #1
    Not a scaredy cat anymore Prospector's Avatar
    Join Date
    Jan 2006

    Default Nice timing on the Interest rate cut in US!

    This announcement has probably saved a great deal of carnage on our market today!
    Aussie stocks off lows on Fed rate cut
    10:20, Monday, 17 March 2008

    (Updates to market opening)
    SYDNEY, March 17 (Reuters) - Australian shares trimmed early
    losses to fall 0.5 percent on Monday after the U.S. Federal
    Reserve lowered the discount rate to 3.25 percent.

    Currently, I am UP from last Friday - very unexpected!

    And tomorrow is going to be cooler after 15 days of 38+ heat! Yay!

  2. #2

    Default Re: Nice timing on the Interest rate cut in US!

    Not sure how well it's helping the Europeans...they're down 111 at the moment.

    Cut didn't help Japanese (-3.7%) or HK (-5.1%) traders either, let's hope the US takes in the good news to make it a better day tomorrow.

    More info on discount rate cut: http://www.bloomberg.com/apps/news?p...pSk&refer=home

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