Tag: Australia markets
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ASX Reaches Record High as Unemployment Jump Fuels Bets on Rate Cuts
ASX closes at a fresh record as unemployment rises The Australian share market closed at a new record high as the September jobs data sparked renewed bets on further interest rate cuts from the Reserve Bank of Australia (RBA). The S&P/ASX 200 finished up 77 points, or 0.86%, at 9,068.40, topping the previous record high…
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ASX Surges to New High as Unemployment Jump Revives Bet on Rate Cuts
ASX Reaches a Leap Forward on Jobs Data The Australian share market jumped to a fresh record, supported by a surprising twist in the jobs data that revived expectations for further Reserve Bank of Australia (RBA) rate cuts. The S&P/ASX 200 surged through intraday trading and closed at a new peak, underscoring how a weaker…