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The COB from ausbiz
The market was smoked! Big names take a hit and those horror jobs numbers...
Ep. 6
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A sobering day for the local market with a below-consensus but still disastrous 6.2% headline unemployment rate with record high underutilisation rate. Meanwhile, an interesting night ahead in the US as the market assesses the full impact of Jerome Powell's speech from last night, in which he flagged a long recovery for the global economy.
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