Trying Times
July 22nd 2006 16:38
In my previous post, I wrote about Monday Effect and my gave two cents worth that the local bourse would see a slightly positive reversion, and now it looks like going back down again, Monday Effect again, as the Mid East crisis intensifies into a near war between Israel and Lebanon.
Friday saw the US markets slipped and it would seem the Aussie markets would follow suit on monday. Another factor could be affecting the market is China, as the Chinese government is trying to cool its super economy and Australia is increasingly being economically tied to China, in terms of mineral exports. Watch BHP and Rio Tinto.
Just as the US, which affects the world economy, is seeing some steam cooling off from its inflationary pressure, came the Mid East crisis with increasing intensity each day. When will be a day when the world is really at peace and prosper?
Friday saw the US markets slipped and it would seem the Aussie markets would follow suit on monday. Another factor could be affecting the market is China, as the Chinese government is trying to cool its super economy and Australia is increasingly being economically tied to China, in terms of mineral exports. Watch BHP and Rio Tinto.
Just as the US, which affects the world economy, is seeing some steam cooling off from its inflationary pressure, came the Mid East crisis with increasing intensity each day. When will be a day when the world is really at peace and prosper?
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