VIDEO: ASX rebounds from heavy losses as US rate cut looms
The Australian share market rose sharply, though it only clawed back a fraction of yesterday's $57 billion sell-off. The ASX 200 followed Wall Street higher after some worse-than-expected job numbers led to increased speculation the US Federal Reserve will cut interest rates this month, as finance presenter David Chau explains.
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The Australian share market rose sharply, though it only clawed back a fraction of yesterday's $57 billion sell-off. The ASX 200 followed Wall Street higher after some worse-than-expected job numbers led to increased speculation the US Federal Reserve will cut interest rates this month, as finance presenter David Chau explains.