THE SHARE MARKET'S FINISHED SHARPLY LOWER , WITH US DEBT WORRIES LEADING INVESTORS TO THEIR WORST DAY IN THREE MONTHS... THE ASX 200 GAVE UP AROUND 1.6 PC. DESPITE THAT THOUGH ... THE INDEX HAS CLOSED OUT ITS BEST QUARTER SINCE Q3 2009.

TAKING A LOOK ACROSS THE REGION... MOST MARKETS ARE LOWER... THE NIKKEI LEADING THE FALLS DOWN MORE THAN TWO PER CENT. TAKING A LOOK AT COMMODITIES... OIL PRICES ARE UNDER PRESSURE AS THE THREAT OF WAR IN SYRIA EASES... GOLD HAS PICKED UP SINCE LAST WEEK. TAKING A LOOK AT CURRENCIES... MARKETS ARE CHOPPY AS INVESTORS TRY AND WORK OUT WHICH CURRENCIES ARE A SAFER BET... WITH THE USD AND EURO ON THE NOSE. THE AUSSIE IS AROUND 93 US CENTS.

ECONOMISTS SAY THE LATEST CREDIT DATA FROM THE RESERVE BANK FURTHER DISPELS CLAIMS A HOUSING PRICE BUBBLE IS EMERGING. TOTAL CREDIT INCREASED BY A THIRD OF ONE PER CENT IN AUGUST, SLIGHTLY BELOW EXPECTATIONS. THE NUMBER OF NEW HOME LOANS GREW BY POINT-FOUR PER CENT AND THEY ARE UP ALMOST FIVE PER CENT FROM A YEAR AGO. ECONOMISTS SAY THAT IS STILL CLOSE TO RECORD LOWS.

A CLOSELY-WATCHED MEASURE SHOWS INFLATION REMAINS WEAK, ALSO CASTS DOUBTS ON A HOUSING BOOM. THE MONTHLY T-D SECURITIES-INFLATION GAUGE SHOWS RENT AND NEW HOUSE PRICES EASED LAST MONTH. OVERALL THOUGH INFLATION ROSE BY POINT-TWO OF A PER CENT IN SEPTEMBER. IT PUTS THE ANNUAL RATE OF INFLATION AT TWO-POINT-ONE PER CENT, WHICH IS AT THE BOTTOM OF THE R-B-A'S TARGET RANGE.

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