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CBA forecasts decline in unemployment: Aus shares tracking 0.4% lower at noon

12 Apr 2021 – The Australian sharemarket has defied Wall Street’s optimism from Friday and dipped at the open. The Commonwealth Bank of Australia (ASX:CBA) and major iron ore players have weighed on the market, as Fortescue Metals (ASX:FMG) and BHP (ASX:BHP) are both sustaining losses. CBA has also forecasted the unemployment rate to decline at a rapid pace this year, based on forward-looking indicators.

Source: Finance News Network

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