13 Aug Australian shares set to plunge amid global slump, NZ falls
Australian shares are set to open sharply
lower on Thursday, following steep falls in global equity
markets, as growing fears of a looming recession in the world’s
largest economy is expected to dent local sentiment.
Yields on two-year U.S. Treasury notes rose above the
benchmark 10-year yield for the first time since June 2007, a
closely-watched metric for recession signals.
The local share price index futures fell 2.1% to
6,400, a 195.9-point disco
lower on Thursday, following steep falls in global equity
markets, as growing fears of a looming recession in the world’s
largest economy is expected to dent local sentiment.
Yields on two-year U.S. Treasury notes rose above the
benchmark 10-year yield for the first time since June 2007, a
closely-watched metric for recession signals.
The local share price index futures fell 2.1% to
6,400, a 195.9-point disco
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