Australian shares set for further slide after Wall St slump on Friday

The drop in S&P 500 futures late on Monday suggests investors expect wall street to open with more losses on Tuesday. The yuan weakened past the key seven-per-dollar level to its lowest level in 11 years, after the People’s Bank of China, with the blessing of policymakers in Beijing, set its daily midpoint at the weakest level in eight months.

A day after posting the best post election gains since 1982, US markets were quiet on Thursday. Gains from the banks, consumer and healthcare stocks were offset by losses in tech and energy sectors. The Australian market is set for a softer start. Read More

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The GDP data further solidified wide expectations that the U.S. Federal Reserve will cut interest rates at its policy meeting next week. Those expectations have powered a solid run in stocks this.

Wall Street’s three major stock indexes lost ground on Friday, after a week of recovery from the October sell-off, as oil prices fell further and more evidence of a slowing Chinese economy was.

THE Australian market looks set to open higher, following solid gains on Wall Street. At 0656 AEDT on Friday, the December share price index futures contract was up 62 points at 5,256. US stocks were.

Australian shares set for further slide after Wall St slump on Friday Wood Contents Japan rose 0.3 Australian share market lost ground Mixed wall street. australian investors preferring real asia stocks gained on.

Australian shares look set to plunge following steep losses on Wall Street on Friday.. ASX set to slide as US-China trade tensions flare again.

SYDNEY (Reuters) – Asian shares could get a welcome reprieve from selling on Wednesday as Wall Street steadied. U.S. payrolls report on Friday to set the bears running again. For now, the Nikkei.

The Australian share market looks set to open around 1.5 per cent lower after Wall Street’s key index again take a painful tumble. At 0700 AEDT on Friday, the share price futures index was down 82 points, or 1.41 percent, at 5,730.Shrugging off early weakness on falling commodities stocks, Australia’s benchmark finished modestly higher as financials joined a recovery they largely missed.

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