Morning Report 20 Mar 23: Global sharemarkets tumble on Friday ahead of UBS takeover of Credit Suisse

Aussie shares are poised to fall sharply on Monday after a sell-off in European and US sharemarkets on Friday. Wall Street and European shares fell as bank contagion fears sparked the latest equities sell off. Over the weekend UBS agreed to a US$3.25bn takeover of Swiss banking rival Credit Suisse.

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