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canada goose coats on sale The pessimistic turn regarding the outlook for the next year cancels out the prior week 5.8 per cent increase. The weekly measure of consumer mood, which is based on about 1,000 face to face interviews conducted on Saturdays and Sundays, recorded a 4.3 per cent fall in how people felt about their financial condition compared with a year ago and a 1.9 per cent dip regarding their finances over the next year. “Renewed trade war tensions and the related equity weakness seemed to have negatively impacted consumer sentiment, with the drop over the past week driven by big falls in perceptions of current financial and economic conditions,” ANZ economist David Plank said.The falls came after the three major indices on Wall Street had their steepest percen tage drops of the year, down between 2.9 per cent and 3.5 per cent, while Japan’s Nikkei 225 was down 1.8 per cent and the Shanghia Composite down 2.0 per cent.The turmoil, sparked by escalating US Chinese trade tensions, appeared to flare up after the US Treasury Department said that it had determined for the first time since 1994 that China was manipulating its currency.The ASX200 fell as much as three per cent in early trade and at noon was still at levels last seen on June 11.Tech and health care shares were the worst hit, slumping 4.78 per cent and 3.78 per cent respectively, but every sector except mining was down more than one per cent.The big four banks were all significantly lower, with ANZ down 2.5 per cent to $26.62, Commonwealth down 1.8 per cent to $79.74, NAB down 2.5 per cent to $27.445 and Westpac down 2.6 per cent to $27.725.Gold was the only sub sector doing well as the price of the precious metal ticked higher, rising 1.3 per cent to $US1,465.Global stocks have extended their already substantial losses and the offshore yuan hit an all time low after Washington designated Beijing a currency manipulator in a rapid escalation of the US China trade war.US Treasury Secretary Steven Mnuchin said on Monday the government had determined that China is manipulating its currency, and that Washington would engage the International Monetary Fund to eliminate unfair competition from Beijing.The Trump administration’s dramatic move against China hastened the risk aversion seen in global markets this week. canada goose coats on sale
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