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ASX set to slide lower as jobs report unnerves Wall Street – Sydney Morning Herald

A disappointing US jobs report raised fears about the pace of economic recovery but weakened the argument for near-term tapering….

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You can tell because leisure and hospitality didnt add any jobs and retail actually lost jobs. Investors will conclude that perhaps this will put the (Federal Reserve) further on hold in terms of the timing of tapering. Markets may be okay with that.
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