|Data for week commencing 25 January|
I wrote the headline to this story before the Yanks reacted to the Bank of Japan cutting interest rates and Wall Street took off. So it’s a good news morning that greets us in the Switzer Super Report (Saturday edition). Yahoo!
This week gave the feeling that we could be at a turning point. Clearly, the real game changer has been the apparent bottoming of the oil price. After plumbing the depths of $US26 a barrel, it has headed up to around $US32 a barrel for most of this week and, amazingly, it has held!