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Article: Australian Market Report of September 3: US Jobs Data Raised Concerns
- Article from:
- abnnewswire.net
- Article date:
- September 3, 2009
- Author:
CopyrightCopyright 2009 ABN Newswire. (Hide copyright information)
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Wall Street overnight extended its losses after a disappointing non-farm payrolls report in August, which raised concerns over the coming key reports on employment this week. US private sector slashed 298,000 jobs in August, a faster rate than economists' forecast.
The Australian share market posted a 1.7 per cent loss yesterday amid a sell-off in financial and resources stocks. The benchmark S&P/ASX200 index was down 76.4 points, or 1.69 per cent, at 4438.2 points, while the broader All Ordinaries index retreated 74.7 points, or 1.66 per cent, to 4436.6 points.
Key Economic Facts and Figures
Australian Bureau of Statistics yesterday showed the economy grew 0.6 per cent in the June quarter, ...