The Australian Share Market has started the week deep in the red following Wall Street lower as the market takes a cautious approach ahead of the important Fed...

The Australian Share Market has started the week deep in the red following Wall Street lower as the market takes a cautious approach ahead of the important Fed Reserve meeting beginning in the U.S tomorrow. This morning the market taking a similar approach to last week with many of the good gains from February resulting in profits being taken today. RBA minutes to be released tomorrow will be interesting reading particularly in the face of more world central banks cutting interest rates. Given the state of the economy there will be pressure for the RBA to take action sooner rather than later particularly with 24 different central banks cutting rates with Korea & Russia joining the action last week. Market Turnover into lunch was $1.305 billion, with investors again sitting on the sidelines as they did on Friday. Another quiet day on the economic scene in the region so expect a quiet afternoon, the market did sell off pretty hard this morning..... For the complete wrap please visit (VIEW LINK)