Weak Jobs Data Rescues ASX From Tech Rout

Weak jobs data rescues ASX from tech rout

The ASX 200 has shrugged off a global technology and mining rout, closing nearly flat after weak jobs data eased fears of further interest rate rises.

Shares pare early losses after unemployment spikes

Australia's share market has trimmed most of its early losses after weaker-than-expected jobs data gave the Reserve Bank reason to think twice before its next interest hike.

ASX Today: XJO pares losses to trade flat as 4.7% jobless rate suggests delayed RBA hike; US futures red

Earlier this morning, I said I didn’t think the market would pay…

ASX 200 Turns Positive After Early Slump as Weak Australian Jobs Data Cools Rate Hike Bets on Thursday

Australian shares recovered from an early sell-off after weaker employment data reduced expectations of further Reserve Bank rate rises, while technology stocks fell on global concerns.