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Article: More bad news on the way.
- Article from:
- Australasian Business Intelligence
- Article date:
- November 1, 2009
CopyrightCOPYRIGHT 2009 News provided by Comtex. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Peter Wells
Nov 01, 2009 (The Australian Financial Review - ABIX via COMTEX) -- The Australian sharemarket is likely to take its lead from the US bourse when trading resumes on 2 November 2009. A downturn in consumer confidence saw the US market fall by 2.5 per cent on 30 October, and the futures market expects the Australian bourse to fall by 118 points in response. The S&P/ASX 200 fell by 4.5 per cent in the last week of October, finishing the month at 4,643.2. It has fallen by 32 per cent since reaching a record 6,828.7 points on 1 November 2007.
Publication Date: 2 November 2009
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