Australian shares are set to follow US stocks higher. Oil recovers as does the $A. Bitcoin rises. US jobs data in focus. Follow updates here.
There’s no need to fret about the timing of a US recession anymore, according to Wells Fargo Investment Institute -- because we’re already in one.
That forecast differs from just over a month ago, when the group saw a mild recession and not until the end of this year, but moved up the timing and the severity to “moderate.”
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