ASX Steady After Surprise Jobs Data; Solly Lew to Join Myer Board

ASX steady after surprise jobs data; Solly Lew to join Myer board

The Australian sharemarket remains in the green after the release of the latest unemployment data, with trading boosted by gains on Wall Street.

Closing Bell: Confusion reigns after split Fed decision, but resources tick ASX higher

ASX retreats from +0.6% gain to lift just 0.15% 6 of 11 sectors lower, 106 stocks rising vs 83 falling Materials touches new intraday high on broad commodity strength   Divided Fed comments confuse markets The US Federal Reserve cut rates as expected, giving Wall Street a stiff bounce in the immediate aftermath. The mid-point of the US cash rate now sits at 3.6%. The Fed’s comments, however, were a little less clear-cut. Seven members are pushin…

GBP/USD surges as Fed cuts rates, traders eye Powell’s guidance

GBP/USD climbs on Wednesday after the Federal Reserve (Fed) decided to cut rates, as expected, on a 9-3 vote split, which witnessed two members voting for holding rates, while Fed Governor Stephen Miran voted for a 50-basis-point cut. At the time of writing, the pair trades at 1.3350, up 0.46%