The ASX200 is set to fall 0.43% on Friday, as US market softened due to rising yields and mixed economic data, while investors awaited a speech by Federal Reserve chair Jerome Powell at the Jackson Hole symposium on Friday. The S&P 500 dropped 0.9%, the Nasdaq 100 fell back by 1.7%, influenced by a significant decline in tech shares, while the Dow Jones lost 177 points. Initial jobless claims rose slightly more than expected halfway through August, with this suggesting a moderating labour market in the US following the 818,000 downward revision to nonfarm payrolls for the year ending in March….
