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Markets Today: Where is the safe haven?
podcast Words from politicians of various stripes have gone a little way to alleviating two of the major concerns currently plaguing global markets, namely the ongoing energy crisis centred on Europe and the looming deadline for lifting or scrapping the US debt ceiling. This had helped pull US equity indices back into the green and brought the US dollar off its intra-day highs, in turn seeing AUD about half a percent up from its lows to around 0.7270. In addition, US ADP payrolls report has gone some way to allaying fears (or maybe hopes in some quarters) for a very soft US payrolls report tomorrow night that might ... (full story)