The RBA set rates at 3.25 percent today, up 25 basis points from 3 percent, fuelling a further rally in the dollar as confidence in the Australian economy soared. The Reserve Bank of Australia has become the first major central bank in the world to raise interest rates since the onset of the financial crisis, signalling a strong recovery in the economy.
Here is a snap shot of Google Stock and business news below which shows that the whole world is talking about the RATE RISE IN AUSTRALIA , we being the first country to raise rates after the Bust. We must surely be doing pretty good for this to happen to us :)
But only time will tell i suppose
Google News Alert for: stocks,business,australia
US Stocks Climb; Market Anticipates Start Of Earnings Season
Wall Street Journal
US stocks climbed as traders awaited the start of earnings season while gold prices surged and the dollar slumped after Australia raised interest rates. ...
See all stories on this topicAustralian, NZ Dollars Climb on Rate Boost, Rally in Stocks
Bloomberg
The Reserve Bank of Australia's action was the first increase in borrowing costs among the Group of 20 nations since the start of the financial crisis. ...
See all stories on this topicBusiness Highlights
Forbes
... as major stock indicators rose more than 1 percent. Investors' show of confidence ahead of flood of corporate earnings reports came as Australia became ...
See all stories on this topicAustralia Stocks, Japan Futures Gain on Rising Commodity Prices
Bloomberg
By Masaki Kondo and Toshiro Hasegawa Oct. 7 (Bloomberg) -- Australian stocks and Japanese futures rose after prices for metals and oil advanced on ...
See all stories on this topicStocks, Commodities Climb as Australia Raises Interest Rates
Bloomberg
By Daniel Hauck Oct. 6 (Bloomberg) -- Stocks rose around the world and commodities rallied asAustralia unexpectedly increased interest rates, ...
See all stories on this topicMexico's Stocks, Currency Rally On Global Recovery Hopes
Wall Street Journal
The interest rate hike by the Reserve Bank of Australia triggered a surge in commodity prices andstock markets Tuesday as investors saw the move as ...
See all stories on this topicChile Stocks End At 2-Year High On US Market Gains,Commodities
Wall Street Journal
Setting off Tuesday's session was a surprise interest-rate increase by the Reserve Bank of Australiathat in turn led to a pullback in the US dollar, ...
See all stories on this topicAsian Stocks Gain as Commodity Prices Rise; Hitachi Advances
Bloomberg
Japan's Nikkei 225 Stock Average increased 1.1 percent, while Australia's S&P/ASX 200 Index rose 1.5 percent. South Korea's Kospi Index climbed 1.1 percent ...
See all stories on this topicBrazil shares rise on back of global gains
Reuters
SA) led gains, followed by financial stocks like Itau Unibanco (ITUB4.SA) which also rose on optimism about the global economy. "Today the market is excited ...
See all stories on this topicThe move brings to an end the period of relief for cash-strapped homeowners, pushing mortgage repayments up.The 25 basis point rise will boost monthly repayments by $41 a month for those with a $300,000 mortgage, while those shouldering a $400,000 home loan will see repayments rise by $61.
Repayments on a mortgage of $600,000 will rise by $82 a month, and by $116 per month on a loan of $850,000.
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Google Stocks Business news Alerts Link
http://news.google.com.au/news/search?aq=f&um=1&cf=all&ned=au&hl=en&q=stocks+business+australia
The Next Credit Crisis
By 2011 in the US, 48% of all properties with mortgage will be in a position of negative equity. There is a long way still to go, with a further $225 billion of mortgage resets to go. In Australia there is $50 billion of commercial lending coming up for maturity and the Europe has $350 billion; this credit crisis is far from over. Check out www.jpmgroup.com.au for more information.
JPM Investment Group