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Now time for the business news, and when the markets in Europe closed couple of hours ago, London's FTSE 100 was down 1.3%, and the Dax shed over 0.5%, in the US, trading comes to close shortly and the Dow and Jones is on 73 points while the S&P 500 is down by 10, and Australian dollar is worth just over 98 cents US this morning, it'll also buy you 62 British pence and a dollar 30 New Zealand.
Analysts1 believe the Australian borrower was in for record low official interest rates, saying growing funding pressures will force the reserve bank to act, markets are now betting 38 month time Australia's official interest rate will be below 3%, its will take the cash rate lower than it's ever been since the regulation.
Yesterday, ANZ chief executive Mike Smith warned of rising funding costs, saying European credit markets are closing.
The Queensland treasurer2 Tim Nicholls has urged unions to reconsider mass strike action against BHP billiton, the CFMEU has served the company notices for industrial action to comment from Thursday next week across all its Bowen Basin coal mines in Queensland, but Mr.Nicholls says industrial action threatens investment in the state, and results in the loss of mining royalties3.
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1 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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2 treasurer | |
n.司库,财务主管 | |
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3 royalties | |
特许权使用费 | |
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