due to the financial turmoil that hits not only in America but likewise in Australia, there are questions arise whether Australia will be in recession by Christmas or not.
The local share market is expected to open 20 points lower this morning after a lacklustre showing on Wall Street on Friday night with volatility expected to continue.
Investors on Tuesday will get a clearer picture on future interest rate cuts.
The Reserve Bank of Australia board will release minutes of its October meeting, where it spectacularly slashed 100 basis points of the official cash rate.
1 comments:
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