Explore the latest developments concerning Australian dollar, bond.
Australian dollar, bond yields fall after jobs data disappoints
The Australian sharemarket snapped a six-day losing run amid a flurry of full-year earnings results and relief in the bond market after the US Treasury revealed buyback plans to help ease multi-decade high borrowing costs.
The S&P/ASX 200 Index gained 30 points, or 0.3 per cent, to 9083.80 on Thursday, despite seven out of the 11 sectors trading in the red. Gains in mining and rate-sensitive technology stocks, as well as an extended rally in the healthcare sector, helped offset losses in the banking sector.
“The ASX 200 snapped its losing streak, supported by gains on Wall Street and a more positive mix of earnings updates,” said IG market analyst Tony Sycamore. “The rejuvenated healthcare sector also continues to attract money on the back of cheaper valuations after last year’s heavy falls.”
ASX finishes higher after jobs data, led by gold miners and tech stocks
The Australian sharemarket ticked higher in Thursday’s session, tracking a recovery on Wall Street as pressure from the bond market eased after the US Treasury unveiled plans to buy back longer-dated debt to curb borrowing costs.
The S&P/ASX 200 finished up 30 points, or 0.3 per cent, at 9083.80, having fallen for six straight sessions. Five of its 11 industry sectors were stronger, led by gold miners, healthcare and tech stocks. The Australian dollar slipped to US71.21¢.
It was another busy reporting season day, with Fortescue and Northern Star among companies revealing results. Investor focus was also on the latest labour market data. The ASX stayed in the green after a report showed the nation’s unemployment rate unexpectedly rose in July, easing some economists’ expectations for more interest rate hikes by the Reserve Bank.
100ml Essential Oils For Humidifier Aromatic Diffuser Lavender Eucalyptus Rose Ginger Lemongrass Fragrance Oil Making Candles
The dynamic landscape of current events often brings forth significant discussions. Monitoring these developments provides crucial insights.
For more detailed information, explore updates concerning Australian dollar, bond.













