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The Australian share market is likely to extend its six-month slump, following fears on Wall Street about more potential rate hikes from the Federal Reserve.
A day ahead of new Reserve Bank of Australia (RBA) governor Michelle Bullock’s first central bank meeting, the ASX is set to fall. Another public holiday in.
The Australian market is down 0.44% in Friday afternoon trade bringing the decline for the week to more than 2.2%. The Materials sector is leading the.
The ASX looks likely to edge marginally higher in early trading, with ASX200 Futures pointing to a 2-point lift. The index finished -0.86% or 63 points.