The Australian sharemarket lost ground on Friday, reflecting a lacklustre trading session on Wall Street overnight when many US stocks dipped.
“We expect the ASX 200 to return 9 per cent this year, and at end the year be around 7900. A recession is probably the main threat,” she said. Overnight on Wall Street, the S&P 500 Index added 0.2 per cent to post another record high, even though the majority of stocks comprising the index weakened.
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