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Better than expected US jobs report causes equity falls: Aus shares 0.98% lower at noon

08 Jul 2019 – Australian shares erase Friday’s highs after US equities slip on better than expected jobs report, which caused people to reassess the Fed’s stance on interest rates. Citi ups Magellan (ASX:MFG) price target but says better than expected all-time high-performance fees will drop. Comet Ridge (ASX:COI) & Santos (ASX:STO) progress LNG QLD project. Sandfire Resources (ASX:SFR) returns copper-gold results from Alchemy (ASX:ALY) project.

Source: Finance News Network

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