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Weak US jobs data counteracts stimulus hopes: Aus shares set to open lower

15 Jan 2021 – Australian shares are poised to edge lower at the open following negative leads from Wall Street. The Dow and the Nasdaq hit record highs during the sessions on optimism that President-elect Biden may propose a Covid stimulus package of up to $US2 trillion. US markets lost steam at the end of the session though and closed lower after weak labour data rolled in. Meanwhile, European shares advanced for a third straight session.

Source: Finance News Network

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