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The US stripped of AAA rating; Bitcoin now less volatile than stocks and gold
The ASX 200 is set to open lower on Wednesday following a mixed session on Wall Street. At 8am AEST this morning, the ASX 200 index futures was pointing down by -0.55%. Overnight, the S&P 500 fell by 0.26%, tech heavy Nasdaq by -0.43%, but blue chips Dow Jones finished 0.20% higher. US investors assessed earnings results from big pharma against data showing manufacturing activity in the US slowed more than expected in July. Pfizer fell -1.25% after saying it would launch a cost-cutting program if demand for its COVID-19 products remains muted this quarter. Uber fell almost -6% despite reporting its first-ever ... (full story)
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