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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.



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.
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