Share market under pressure ahead of FOMC

THE Australian share market is expected to remain under pressure before the US Federal Reserve's tapering decision this week.

Weaker-than-expected Chinese manufacturing data last week led to the Australian bourse closing lower for the third straight week.

At the close on Friday, the benchmark S&P/ASX200 index was 22.1 points, or 0.42 per cent, lower at 5,240.9 while the broader All Ordinaries index was down 21.2 points, or 0.4 per cent, at 5,254.3.

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