Diary

In many respects the coming week will be like a replay of last week: a few key statistics here and there, company earnings reports, especially in Australia, and no move to lift interest rates from an important central bank meeting and other activity.

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House Prices Rebounding

After falling 6% from their peak, average capital city house prices have started to rise again in Australia. With the economic downturn turning out to be milder than expected (at least so far), the slump in mortgage rates has drowned out the impact of rising unemployment.

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