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Market stalls as US data weighs down sentiment

THE ASX followed in Wall Street’s footsteps today, shedding ground as investors digested weak manufacturing data from the US and the Reserve Bank of Australia’s decision to hold off on another interest rate cut.

Lauren Barrett

While investor sentiment was buoyed yesterday on the back of the European Council meeting, it appeared to have already disappeared, with the benchmark S&P/ASX 200 dropping 0.1% to 4127.2 points. The...

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