Market shock after subdued data, rate cut; NZ unemployment watch
Volatile night as Wall Street plunges, US data disappoints, currency tension, and the BoE rate cut.
The NZX50 and ASX200 follow Wall Street’s overnight tumble.
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Global sharemarkets have followed Wall Street’s tumble, sparked by recession fears and weak US data.
As reported in Morning Brew this morning , the Dow Jones went on to close down nearly 500 points, or more than 1%, while the tech-heavy Nasdaq and S&P500 also declined.
CNBC reported on weak data,
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