US on watch, but benefits to Australia remain unclear

The Australian market saw a quiet week in the run up to the Easter holidays with limited deal flow. By far the bigger news came when Standard and Poor's (S&P) put the AAA rating of the USA on negative outlook. While market participants believe the Australian market could be a beneficiary if global investors intensify their turn away from US debt, they also hope the warning will act as a catalyst for the US government to take action.