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Australian sharemarket shrugs off positive US lead, lift from strong domestic jobs figures only temporary

Sumary of Australian sharemarket shrugs off positive US lead, lift from strong domestic jobs figures only temporary:

  • Sumary of Australian sharemarket shrugs off positive US lead, lift from strong domestic jobs figures only temporary:.
  • The ASX lost ground today after a slight lift from better-than-expected unemployment numbers proved short-lived, but gold stocks shone…
  • OpenMarkets Group chief executive Ivan Tchourilov said Wall Street was marginally higher overnight as the Federal Reserve left rates on hold as widely expected, while the Federal Open Market Committee reiterated rates would be at near zero until at least 2024…
  • “It appears the news was already priced into markets, as there was a very muted response … the narrative of rates being ‘lower for longer’ seems like it here to stay for the foreseeable future, which should be a net positive for equity markets,”…

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