US markets see a ‘pretty brisk retreat' due to a ‘complex mix of factors'
'We had the S&P 500 down 1.6 per cent and the Nasdaq was down 2.2 per cent, so a complex mix of factors – on the one hand, you had the tariffs being applied,' he told Sky News Australia.
'But at the nub of the growth concerns was the jobs report that we saw released last month in the US – so the July employment figures were substantially weaker than what the market had anticipated.'
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