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The weekly wrap: NAB winning favour

This is a discussion on The weekly wrap: NAB winning favour within the 2009 Q3 News Headlines forums, part of the 2009 News category; After a month of global stock markets trending sideways the greater than expected monthly US unemployment figure was enough to rekindle nervousness on equity markets. Commodity prices in particular looked ...


 
 
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Old 10th July 2009, 10:50 AM   #1
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Post The weekly wrap: NAB winning favour

After a month of global stock markets trending sideways the greater than expected monthly US unemployment figure was enough to rekindle nervousness on equity markets. Commodity prices in particular looked rather overdone in their rally. Oil had risen 125 per cent from US$32/bbl to US$72/bbl and was overdue a correction. The 14 per cent fall in a week is not astounding, but it has reintroduced uncertainty nevertheless.

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