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Many economists1 are still betting on another interest rate cut before the end of the year. The Reserve Bank defied expectations yesterday by holding the cash rates steady at 3.25 per cent.
Governor Glenn Stevens put it down to an improvement in local business borrowing, house values and share prices. He indicates rates may remain steady for some time. But some analysts2 are still predicting another consumer-boosting cut in time for Christmas.
They'll whomever, Whoever wins the US presidential election has the national problem of unemployment facing them. September figures show the number of job vacancies3 dropped by 100,000 to its, the fewest in five months.
More than 12 million Americans are unemployed4. On average, three people competing for each job vacancy5. In a healthy economy, the ratio is roughly two to one.
Let's take a look at the markets now.
The Dow's up 126 points. The Nasdaq climbed 11. The S&P 500 also gained 11. And in London overnight, the FTSE is ,was up 46 points.
To commodity prices.
West Texas Crude is trading at 89 US dollars a barrel. Tapis Crude is trading at 114 US dollars a barrel. And gold is worth 1716 US dollars an ounce.
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1 economists | |
n.经济学家,经济专家( economist的名词复数 ) | |
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2 analysts | |
分析家,化验员( analyst的名词复数 ) | |
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3 vacancies | |
n.空房间( vacancy的名词复数 );空虚;空白;空缺 | |
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4 unemployed | |
adj.失业的,没有工作的;未动用的,闲置的 | |
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5 vacancy | |
n.(旅馆的)空位,空房,(职务的)空缺 | |
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6 sterling | |
adj.英币的(纯粹的,货真价实的);n.英国货币(英镑) | |
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