Australian Market Report of October 30: Must Wait Until Fundamentals Improve

  Sydney, Australia, Oct 30, 2008 - (ABN Newswire) - The US Federal Reserve cut its key lending rate a half point overnight to 1.0 per cent in the latest move to ease a credit crisis. The cut in the federal funds rate followed an emergency half-point cut earlier this month coordinated with other central banks to help ease a worldwide credit crunch. Yesterday Australian shares closed higher for the first time in six days.  

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