QANTAS SHARES SHOT UP LATE IN THE SESSION AFTER IT SAID IT WILL CLOSE ITS AVALON HEAVY MAINTENANCE FACILITY IN MARCH NEXT YEAR

THE STOCK ENDED TWO PER CENT

RIVAL VIRGIN ENDED FLAT

WESTPAC TRADING WITH OUT ITS DIVIDEND

ECHO SHARES HAVE SLUMPED AFTER SAYING FLAT CONSUMER SPENDING HURTS REVENUE GROWTH.

THE AUSTRALIAN SHAREMARKET TRACKED FALLS ON OVERSEAS MARKETS THROUGHOUT THE DAY

THE ALL ORDS CLOSED DOWN

 

THE ASX 200

ACROSS THE REGION ITS A NEGATIVE SESSION TOO

THE AUSTRALIAN DOLLAR IS RECOVERING GROUND AGAINST THES GREENBACK TO

 

THE RESERVE BANK  HAS INDICATED IT COULD CUT INTEREST RATES FURTHER IF  THE ECONOMY NEEDS IT

IN ITS QUARTERLY STATEMENT ON MONETARY POLICY - THE RBA SAYS MINING INVESTMENT WILL LIKELY  FALL FASTER THAN PREVIOUSLY THOUGHT AND THE HIGH  DOLLAR IS CONSTRAINING GROWTH.

THE R-B-A SAYS THE EFFECTS OF ITS LAST EIGHT RATE CUTS STILL HAVE MORE WORK TO DO.

THE CENTRAL BANK HAS TRIMMED ITS GROWTH FORECASTS FOR NEXT TWO YEARS.

IT EXPECTS UNEMPLOYMENT TO INCREASE GRADUALLY OVER NEXT YEAR OR SO.

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