THE RESERVE BANK IS THE LATEST TO ADD ITS VOICE TO THE CONCERNS.... RECORD LOW INTEREST RATES MAY FUEL A HOUSING BUBBLE.THE RBA'S LATEST MINUTES ECHO ....THE INTERNATIONAL MONETARY FUND AND AUSTRALIA'S FINANCIAL REGULATOR'S WARNINGS.... TO BANKS THEY MUST MAINTAIN PRUDENT LENDING STANDARDS.

THE BOARD HAS also ....FOR THE FIRST TIME.... WARNED SELF-MANAGED SUPER FUNDS AGAINST INVESTING TOO HEAVILY IN PROPERTY.

THE AUSTRALIAN SHAREMARKET closed just under a five year high as investors hoped for MORE interest RATE CUTS from the reserve bank .

BUT ACTIVITY IS SUBDUED AHEAD OF THE OUTCOME OF THE KEY U-S FEDERAL RESERVE MEETING on thursday

THE ALL ORDS IS UP A COUPLE OF POINTS

THE BANKS MANAGED SOLID GAINS BY THE CLOSE

BILLABONG ADDED MORE THAN POINTS

THE MINERS WERE LOWER.. WHILE TELSTRA EDGED UP.

SALARY PACKAGING COMPANY MC MILLIAN SHAKESPEARE HAS SLIPPED TWO-AND-A-HALF POINTS

ACROSS THE REGION

MOST MARKETS ARE WEAKER ....

JAPAN'S NIKKAI IS UP 47 POINTS

THE AUSTRALIAN DOLLAR IS HOLDING TS GROUND AGAINST THE GREENBACK AHEAD OF U-S FEDERAL RESERVE MEETING.. IT'S BUYING 93-POINT 22 US CENTS

RETAIL GROUP PREMIER INVESTMENTS - HAS MORE THAN DOUBLED ITS PROFIT - DESPITE SAYING THE RETAIL ENVIRONMENT IS TOUGH.

FULL YEAR NET PROFIT ROSE 156 PER CENT TO 174 MILLION DOLLARS.

SHAREHOLDERS WILL GET A FINAL DIVIDEND OF 19 CENTS A SHARE FULLY FRANKED.

 

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