Markets in Turmoil: A Perfect Storm Brews Amid Global Uncertainty The Australian sharemarket fell 0. 4% on Monday to 9081. 5, mirroring the US market's decline.
The S&P/ASX 200's drop and the Australian dollar's trading at US70. 90¢ are symptoms of a broader malaise afflicting financial markets worldwide.
Economic indicators that were expected to be strengthening instead paint a picture of stagnation and uncertainty.