#TAKE LIVE#\

THE SHARE MARKET IS STRUGGLING TO MAKE GAINS IN EARLY TRADE..

THE ASX 200 ...

US MARKETS ROSE OVERNIGHT BOOSTED BY BETTER-THAN-EXPECTED TRADE FIGURES FROM THE WORLD'S SECOND-LARGEST ECONOMY, CHINA.

WHICH OFFSET SOME DISAPPOINTING U-S EMPLOYMENT FIGURES.

EUROPEAN MARKETS ENDED MIXED AFTER THE EUROPEAN CENTRAL BANK LEFT INTEREST RATES AT THE HISTORICALLY LOW THREE-QUARTERS OF A PER CENT

COMMODITIES TRADE HAS BEEN LACKLUSTRE... GOLD xxx

THE AUSTRALIAN DOLLAR HAS LEPT OVERNIGHT... ITS NOW ALMOST AT 106

#READ ON#

NATIONAL AUSTRALIA BANK HAS SLASHED IT'S INTEREST RATE FORECAST FOR THIS YEAR...

IT NOW PREDICTS THE RESERVE BANK WILL CUT BY 75 POINTS .... PUTTING THE CASH RATE AT TWO-AND-A-QUARTER PER CENT BY END OF SEPTEMBER QUARTER

THIS IS DUE TO CONTINUED WEAKENING IN THE ECONOMY AND RISING UNEMPLOYMENT

THEY EXEPCT THE RBA TO MOVE TIMES STARTING INT HE FIRST QUARTER.

UMEPLOYMENT'S EXPECTED TO RISE TO CLOSE TO SIX PER CENT

ECONOMIC GROWTH'S BEEN LOWERED

***READ ON***

GREECE HAS OVERTAKEN SPAIN AS THE COUNTRY WITH THE GREATEST UNEMPLOYMENT IN EUROPE.

#TAKE RVO#

THE LATEST JOBLESS RATE HAS RISEN TO A RECORD 26 POINT 8 PER CENT.

THE GREEK ECONOMY REMAINS LOCKED IN RECESSON AS THE GOVERNMENT IMPOSES AUSTERITY MEASURES, INCLUDING WAGES AND PENSION CUTS.

STRICT BUDGET CUTS ARE NECESSARY TO QUALIFY FOR MORE THAN THREE BILLION DOLLARS IN RESCUE LOANS.

##READ ON##

 

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