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• Crude Oil Futures Decline On Norway Strike Halt, Weak China Data
• Joint U.S., Soviet Recycling Program of Weapons-grade Uranium Into Low-enriched Fuel Almost Complete
• Australian Stock Market Report – Afternoon 7/9/2012

MARKET CLOSE
(4.30pm AEST)

It was a less than ideal start to the new trading week, with shares losing ground for the third consecutive session. The All Ordinaries Index (XAO) fell 0.9 pct or 39.2 pts to 4159.8. Today was also around 20 pct quieter than last Monday. It is important to note that last week was one of the quietest so far in 2012.

Today's weakness did not come as a surprise however, with global markets falling by between 1 pct and 2 pct on Friday night. The latest U.S jobs report disappointed the market, with around 10,000 to 20,000 fewer jobs created last month than most expectations. Interestingly, the unemployment rate in the U.S sits at 8.2 pct, however the jobless rate for Americans who are degree qualified is just 4.1 pct.

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