reserve bank: Nine finance editor Ross Greenwood said while a record stock market is positive, there is still a lot of uncertainty over Australia's economy, according to Nine News Australia. You still have firms really concerned, you still have house prices not moving and you have the messages coming out the Reserve Bank for goodness sake - they are saying they are worried about the economy and considering cutting interest rates again, he told Today. To improve your experience update it stock market to face biggest test after record highs By 9News Staff10 41am Jul 29, 2019Facebook Tweet Mail The Australian stock market has hit record highs on the back of recent tax and rate cuts, but it will face its biggest test in the coming days when companies disclose their full year results. Experts claim Australia's economy is at a very confusing period. If company profits are disappointing or if they have outlooks that are not so good, many of these companies that have sent the Australian stock market to record highs are going to come crumbling down very, very quickly, he said. AAP Mr Greenwood said he doesn't expect stock brokers and investment firms to celebrate until full yearly results have been disclosed by companies.
(news.financializer.com). As
reported in the news.
Tagged under reserve bank, economy topics.