Breakfast

Global sharemarkets seem to be going from bad to worse, driven down yet again by the ever soaring price of oil. Yesterday Australia's key index, the ASX 200, plunged below 5,000 points for the first time since September 2006. It's now fallen 27% since the high water mark of the bull market last November, putting the Australian sharemarket even deeper into bear territory.

Guests

Toby Walker
Equities strategist with the investment bank Morgan Stanley in Sydney.

Reporter

Breakfast Business Editor Sheryle Bagwell

Radio National often provides links to external websites to complement program information. While producers have taken care with all selections, we can neither endorse nor take final responsibility for the content of those sites.