Australian shares rally as jobless rate hits 4.7 percent, easing rate hike
Australian shares recovered from early losses after unemployment rose to 4.7 percent, its highest in nearly five years, with 39,000 jobs shed in September. The data eased rate-hike concerns, prompting banks like CBA and ANZ to surge alongside retailers Coles and Woolworths. Mining stocks BHP and Rio Tinto fell while the Australian dollar weakened to 69.5 US cents.
Take it further — get the full app and never miss a moment of what's happening in Australia.
This publisher's site can't be shown here due to their security settings.
Open full article →No source link available for this article.
Published 15 Oct 2026, 06:19 UTC · Updated 15 Oct 2026, 06:20 UTC
Summary by OZbrief Editorial. Original report: 7 News. Editorial policy · Corrections
Trending
- UK households pay £13,961 extra on bills since 2021, TUC warns
- Carlton defender Lachie Cowan faces two-match ban after hospital seizure
- Eighteen-year-old P-plater faces 17 charges after crashing into Newcastle Knights fans
- SpaceX restricts Starlink speed, crippling Ukraine's drone strikes and air defense
- CFMEU delegate charged with drug trafficking after weapons trade at union HQ
- Four female Cabinet officials exit Trump administration in three months