in the same report, Shane Oliver mentioned an interest rate cut to reduce this credit 'squeeze' as opposed to a credit crunch.
so, Big Ben is the saviour and has made his move by intervening in the market, reducing the discount rate by 50 basis points. This crisis is affecting the global economy rather the subprime market.
expect a sharp bounce in the All Ords on Monday. Charlie may prove correct.
the bottom...a view from aitken, page-14
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Last
$64.69 |
Change
0.850(1.33%) |
Mkt cap ! $12.54B | |||
| Open | High | Low | Value | Volume |
| $64.52 | $64.75 | $64.14 | $11.35M | 175.6K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 8 | $64.51 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $64.69 | 5 | 1 |
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| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| ASX (ASX) Chart |