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Article: Rates rise positive sign of recovery.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Justin Bailey
Nov 03, 2009 (The Australian Financial Review - ABIX via COMTEX) -- Graham Harman of Citigroup says cyclical stocks are likely to benefit from the Reserve Bank's decision to increase the cash rate by 25 basis points on 3 November 2009. Citigroup's analysis suggests that Qantas, QBE Insurance, Fairfax Media and Austereo are among the cyclicals that should benefit, as rising interest rates are an indicator of stronger economic activity. However, some retailers may be adversely affected, as many consumers will have less disposable income.
Publication Date: 4 November 2009
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