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

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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.

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Wall Street’s main indexes fell sharply on Monday, with the dow jones industrial average tumbling more than 500 points, as China’s willingness to let the yuan slide in response to the latest U.S.

Stocks slump after Wall St slide.. Australian stocks have slumped this morning after the US Federal Reserve said there were "significant downside risks" in the world’s largest economy but.

US STOCKS-Wall St sinks as yuan slide inflames U.S.-China trade dispute.. That slump amounted to a $766 billion loss on paper for the index, according to Refinitiv data.. set its daily midpoint at the weakest level in eight months.

Renewed fears of a global economic slowdown, which sparked a savage global sell-off on Friday, are expected to push Australian shares to one. markets’ strong start to the year, causing shares on.

Australian shares are set to open slightly lower as Wall Street endured another rollercoaster as the Dow plunged more than 500 points.. Europe's main index has lost about 5 per cent since last Friday. In May, it lost 5.7 per cent. A continued slide in iron ore and oil prices weighed on material and energy.

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 · The Australian share market sets to open higher after Wall Street rallied to a four-month high. The Dow Jones on Friday gained 197.84 points (1.86 percent) at 10,860.26, the highest levels since mid-May.The broader S&P 500 index added 2.12 percent and the technically inclined Nasdaq composite index increased by 2.33 percent.

SYDNEY/WELLINGTON, Aug 1 (Reuters) – Australian shares tumbled 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.

Shares on Wall Street. $10b loan book: Australia’s newest challenger bank Judo Bank is cashed up and ready to write loans after wowing investors. US stocks dropped on Friday, as the S&P 500 closed.

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