What's On Your Screen Is Not Necessarily The News; Dealers Confused By Blunder Down Under
THIS WEEK'S LEAD STORIES
Australian financial markets were thrown for a loop when the two primary electronic news sources, AAP-Reuters and AP-Dow Jones, issued contradictory reports on a key economic indicator.
AAP Reuters, carried on the Reuter Monitor network, reported that retail sales were up, while AP-Dow Jones, carried on Telerate, said the sales figure was down. Increasing sales can be evidence of an overheating economy. Decreasing sales indicate a moderating economy.
Australian Treasury bill futures bounced
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