The Australian Financial Review --- Page: 31/33 : 8 November 2007 Original article by George Liondis
LexisNexis Summary
The Australian sharemarket continued to rally on 7 November 2007, despite the latest interest rate rise. The S&P/ASX 200 rose 64.4 points to 6,692.4. Martin Lakos of Macquarie Private Wealth says the market took its cue from the US bourse, noting that the rate rise had been widely expected. Banking stocks were generally well supported, as were retailers and construction-related stocks. However, the listed property trust sector was sold down. Meanwhile, Andrew Pease of Russell Investment Group says the market may be adversely affected by any move to raise interest rates again early in 2008.
