SYDNEY/WELLINGTON, Aug 1 (Reuters) –1.4 percent from six-year highs on Friday in a sharp fall across all sectors after Wall Street tumbled overnight as strong U.S. economic data stoked concerns the Federal Reserve may start its rate-tightening cycle sooner than expected.
The Dow jones industrial average ended higher for a second day Wednesday on a report that said the Trump administration will delay new auto tariffs for six months. Shares of Alibaba (BABA – Get Report) rose after the online commerce company posted stronger-than-expected fourth-quarter earnings. Disney (DIS – Get Report) is reportedly laying off employees at both its own and its newly
Shares set to slide further: AMP capital.. "It only took just over a month for the US share market to recover from its 12 per cent post-9/11 slump and it took the UK share market one day to bounce back from its 1.3 per cent fall on the day of the July 2005 London bombings," he said.
Welcome to the Trading Day blog for Monday, June 3. Local stocks ended sharply lower following sharp falls on Wall Street over the weekend, amid fresh shots in the ongoing trade war between the US.
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Global Stocks Slump As German Manufacturing Craters, Tech Spooked By DOJ Probe. The Australian dollar tumbled after a domestic bank that has correctly called previous policy decisions flagged two more rate cuts.. This underpinned major indices on Wall St. with outperformance seen in the trade sensitive sectors such as materials and.
Australian shares set for further slide after Wall St slump on Friday After father-son bribery bust in Ecuador, family is tied to pricey properties in Miami Categories
Australian shares set to follow Wall St lower after oil prices eased, weak China data.. as Wall Street wavered and the Australian dollar tapped an eight-month high.. US stocks slide as oil drops further, investors snap up government bonds and gold..
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Australian shares renew slide, losing $60b as Chinese stocks plunge again. falls on Wall Street and in Europe on Friday night. Wall Street’s benchmark S&P 500 index dropped 3.2 per cent, nearly.
European stocks trimmed sharp losses in choppy Friday trade, after Wall Street surged at the open. the U.S. blue-chip index logged a four-digit slide, having shed 1,175 points on Monday when the.