Australian shares set to plunge amid global slump, NZ falls
lower on Thursday, following steep falls in global equity
markets, as growing fears of a looming recession in the world’s
largest economy is expected to dent local sentiment.
Yields on two-year U.S. Treasury notes rose above the
benchmark 10-year yield for the first time since June 2007, a
closely-watched metric for recession signals.
The local share price index futures fell 2.1% to
6,400, a 195.9-point disco
Posted by Reuters