Rough week ahead for Australian share market amid ongoing turbulence in China

Discussion in 'Market News' started by Lily, Jan 10, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Economist Shane Oliver predicts the Australian market will open around 50 points down on Monday, following an ASX200 drop of 20 points on Friday

    Ongoing weakness in global markets fuelled by the fall in the Chinese market and currency will mean a rough start to the Australian share market.
    The ASX200 was down 20 points on Friday, the S&P 500s fell 1.1% and the Dow Jones index was down 1% on the back of a volatile week, AMP Capital’s chief economist Shane Oliver said on Sunday.

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