Australian shares have started the day lower, extending losses from their biggest weekly drop since March 2020 on Friday, as investors worry that aggressive monetary policy tightening could pull the global economy into recession.
Australian shares seesaw at open as investors worry that aggressive monetary policy tightening could pull the global economy into recession.Dow Jones Industrial Average slipped 0.13 per cent, the S&P 500 added 0.22 per cent, and the Nasdaq Composite jumped 1.43 per cent
All 11 sectors were lower over the last week. Although little changed, the consumer staples sector was the best performing in early trade. It was down 3 per cent for the past five days.Meanwhile, Bega Cheese , De Grey Mining and Beach Energy were the worst performers.Biggest weekly loss since 2020
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