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1.Market Observations

4 Oct 2019 (AFR) – ASX crushed as manufacturing recession intensifies

(4 October 2019, AFR, p1, Sarah Turner, Reporter)

S&P/ASX 200 (XJO) index (Brainy)

S&P/ASX 200 (XJO) index (Brainy)

‘Australian shares were swamped by a wave of global selling, as weak US activity data dialled up the panic around an escalating manufacturing recession and sent expectations of further interest rate cuts soaring. The S&P/ASX 200 Index fell nearly 150 points, or 2.2 per cent, to 6493 on Thursday to record its worst session since August. The yield on Australia’s two-year government bond hit a record low…’

Read more at AFR.com (might need AFR login access, or try: AFR.com/trial)

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