Australian S&P/ASX 200 index declines 0.73% amid US jobs report and global market concerns.

Australian shares declined on Monday, with the S&P/ASX 200 index dropping 0.73% to below 8,000. This decline follows a disappointing U.S. jobs report that indicated slower job growth, leading to uncertainty about future Federal Reserve interest rate cuts. Major sectors, including financial and energy stocks, suffered losses. Global markets, including Japan's Nikkei and others in Asia, also reported declines amid concerns over oil demand and economic outlook.

September 08, 2024
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