CAPITAL MARKETS

Global sell-off to weigh on Aussie stocks

THE Australian market is set to struggle today after UK and US stocks dropped by around 2% each on Friday.

Image: iStock/SARINYAPINNGAM

Image: iStock/SARINYAPINNGAM

Renewed concerns about global growth was behind the falls. The S&P 500 was down 1.9%, while the FTSE 100 dropped 2%. ASX futures were down 50 points. Gold benefited from the uncertainty, rising...

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