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1.Market Observations, 2.Economic forecasts, 8.Was Sticky

5 Sept 2019 (AFR) – ASX hit as economic warning bells ring

(5 September 2019, AFR, p30, William McInnes, Reporter)

Stock market S&P/ASX 200 index (AFR)

Stock market S&P/ASX 200 index (AFR)

‘The ringing of a number of economic warning bells pushed the Australian sharemarket lower on Wednesday, with concerns global growth was slowing faster than expected, leading investors to sell. The first major sign the trade war was beginning to weigh on the US emerged on Tuesday, with the ISM US manufacturing purchasing managers’ index entering contraction territory, falling below 50 to 49.1 points in August, the lowest since 2016.’

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