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Forex

ASX 200 Slumps Under Pressure from Wall Street Weakness

Guavy AI Editorial Team
Instruments
AUD
Share

The Australian share market has been under pressure due to several factors. Weaker Wall Street trading, elevated oil prices, and higher bond yields have weighed on market sentiment.

Mining heavyweight BHP Group and banking names including Commonwealth Bank and Westpac were among the companies trading lower.

Fresh labour-market data has added another layer of uncertainty ahead of the Reserve Bank of Australia's upcoming monetary policy decision.

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