Daily Alert: US sharemarket slumps ahead of a big week for central banks

  • US sharemarkets slumped on Friday
  • In contrast, European sharemarkets rose on Friday in response to positive earnings results and a rally in mining stocks
  • The world’s central banks will be in focus this week, with the Reserve Bank of Australia, the Bank of England, and the US Federal Open Market Committee all meeting to set their respective target interest rates 

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