ASX opens down after negative US, EU data released
The Australian sharemarket is down approximately half a per cent in early trade after negative economic data was released in the US and Europe.
The US data showed the non-farm private sector lost about 22 million jobs from March to mid April.
This news caused the Dow Jones and S&P 500 to fall overnight.
Figures from Europe projected its economy will plunge by 7.4 per cent this year and unemployment will rise to nine per cent.
Image: AP