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ASX to open lower as investors brace for a grim week of economic data – Sydney Morning Herald

Australian shares are tipped to fall as investors brace for a record negative quarterly inflation rate and more earnings season confessions.

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There will be little help from overseas markets at Mondays ASX open after jitters sent Wall Street stocks deep into the red on Friday.
The S&P 500 and the Dow Jones each snapped a three-week streak of gains, while the tech-heavy NASDAQ had its worst week in four.
Second-quarter CPI will be the local centrepiece in another crucial week of economic data, but Burman Investments portfolio manager Julia Lee warned to keep an eye out for more virus-afflicted company news.
Dour updates from shop…

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