Local share market snaps an eight-day winning streak | ABC News
Profit taking has seen Australian shares drop during the day’s trade, with markets pricing in an expected interest rate cut from the Reserve Bank on Tuesday. The US has meanwhile lost its AAA credit rating from Moody’s, off the back of the Trump administration’s policies around tax cuts. It’s the first time the Americans have had a ratings downgrade in over a century, as Alan Kohler explains.
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