Stock exchange books four-day losing streak as rate cut jitters continue

The Australian share market extended its four-day losing streak on Monday as investors awaited fresh economic data for further clues on the direction of the monetary policy. At the closing bell, the benchmark S&P/ASX200 had slumped 0.5 per cent, or 37.6 points, to reach 7,451.5, with all 11 industry sectors in the red. Meanwhile, the broader All Ordinaries shed a similar amount to 7,676.8. The Australian dollar rose against its US counterpart, climbing to US67.02c by the close of trading. Stronger-than-expected US jobs data, released over the weekend, has heightened concerns among traders that the Federal Reserve and other central…