week: As trade tensions between the United States and China continue, deep uncertainty about the state of world markets has this week left blood on the walls, according to Nine News Australia. There are serious fears of a global recession. To improve your experience update it here News National Is the global economy about to fall and take Australia with it By Kate Kachor12 19pm Aug 17, been 29 years since anyone has uttered the word recession in Australia and meant it. More than 63 billion was wiped from the ASX in just minutes on Thursday as shares plunged almost 2 per cent after a horror session on Wall Street. The latest turmoil was set off by news yields on 10-year US Treasury notes fell below the two-year yield, intra-day, for the first time since 2007. To put this in investment terms, the benchmark S&P/ASX200 index was down 136.8 points, or 2.07 per cent, to 6,459.1 points at 1200 AEST while the broader All Ordinaries was down 137.9 points, or 2.07 per cent, to 6,539.6 points.
(news.financializer.com). As
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