ASX falls ahead of RBA meeting, global stock markets slide
The ASX 200 was down 20 points, or 0.3 per cent, to 7,212 at 10:09am AEST.Among the worst movers at open were Zip , Magellan and Block .
Traders were hoping the jobs report would reveal stronger signs of weakness in the US economy that would help persuade the Fed to soften its stance on inflation and interest rates to avoid triggering a recession. On Wall Street, all three major indexes were led lower by sell-offs in the technology, consumer discretionary, communication services, financials and industrials sectors.
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