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Market Close 16 Oct 25: Jobs data fuels fresh record for ASX

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Manage episode 513897504 series 2364476
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

It was a record-breaking day for the Aussie market, with the ASX200 smashing through 9,100 points for the first time ever as investors cheered fresh signs of an upcoming rate cut. Thursday’s jobs report showed unemployment unexpectedly jumped to 4.5%, pushing the odds of a November cut to more than 70%. Real estate stocks soared, the big banks were mostly higher, and Macquarie was a standout – up more than 5%. Gold miners stayed hot as prices hit new highs, but rare earth producers struggled as US-China trade tensions escalated again.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

  continue reading

1262 episodes

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iconShare
 
Manage episode 513897504 series 2364476
Content provided by CommSec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by CommSec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

It was a record-breaking day for the Aussie market, with the ASX200 smashing through 9,100 points for the first time ever as investors cheered fresh signs of an upcoming rate cut. Thursday’s jobs report showed unemployment unexpectedly jumped to 4.5%, pushing the odds of a November cut to more than 70%. Real estate stocks soared, the big banks were mostly higher, and Macquarie was a standout – up more than 5%. Gold miners stayed hot as prices hit new highs, but rare earth producers struggled as US-China trade tensions escalated again.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

  continue reading

1262 episodes

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