Investment Matters

The markets

 Markets 30 Oct 15

Despite signals from the US Federal Reserve that it may raise interest rates in December, the US market finished the week nearly 2% higher, buoyed early in the week by a decision from China's central bank to cut interest rates. 

In contrast, the local market closed down around 2% for the week, dragged down by a Woolworths profit warning, worse than expected results from ANZ and NAB, and weaker commodity prices.