Week ending 14 November 2008: As credit markets continue thawing, stimulus packages are unveiled around the world. Leaders from the G20 nations meet this weekend to discuss increasing transparency and stability in global financial markets.
The November Westpac-MI consumer sentiment index rose to 85.5 although economic pessimists still outnumber optimists by 14.5 index points. September housing […]

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Week ending 7 November 2008: U.S. stock markets greeted their new president-elect with the largest two-day drop since 1987. Rate-cut fever hit Switzerland (50bps), Denmark (50bps), and Czechoslovakia (75bps) and the LIBOR fell to 2.29% by week’s end in a forex trading market that remained generally rangebound, with currency pairs seeking a new balance in […]

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