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Poll the real key to rate shift
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| The Reserve Bank has been reassured that wage growth remains under control, with data showing wages rose just 0.8 per cent in the June quarter. But other data shows the economy straining at the leash. |
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Aug 18, 2004 19:07:02 |
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0 | | Author | The Age |
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| Other author's news: | - NZ shares close slightly lower - The New Zealand sharemarket spent Wednesday's session consolidating its recent run up with top stocks Telecom and Carter Holt Harvey (CHH) finishing slightly higher.
- ResMed speculators take a breather - Sleep disorder specialist ResMed's shares fell more than 7 per cent yesterday after it reported growth that fell short of market expectations.
- Abbey National faces takeover - United Kingdom bank Abbey National, once a takeover target for the National Australia Bank Ltd, could be swallowed up by the world's biggest bank Citigroup.
| | Show all author's news |
| Similar news: | - Focus Shifts to Dollar and Rates - The post-election stock market rallyhas been rudely interrupted by the implications of a slidingU.S. dollar, higher interest rates, the U.S. current accountdeficit and Friday's rebound in oil prices.
- Trichet's Warnings Hint No ECB Rate Shift - There are a number of risks to theinflationary outlook, European Central Bank PresidentJean-Claude Trichet said on Tuesday in remarks that signaledthe ECB is likely to keep to its slight bias toward eventuallyraising interest rates.
- US rates key to stocks - David Rosenberg, the first vice-president and chief North American economist for Merrill Lynch & Co. Inc., points to the change in interest rates as the chief determinant for future stock market prices over the next year or so.
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