Bank rally helps Australia shares weather global equities selloff
Australian shares ended slightly lower on Thursday but recovered from intraday lows as bank stocks rallied after weaker-than-expected jobs data tempered rate hike bets, helping offset pressure from a global equity selloff. The S&P/ASX 200 index fell 0.1% to 8...
Australian shares ended slightly lower on Thursday but recovered from intraday lows as bank stocks rallied after weaker-than-expected jobs data tempered rate hike bets, helping offset pressure from a global equity selloff. The S&P/ASX 200 index fell 0.1% to 8,719.70 points. The benchmark fell 0.6% on Wednesday. Australian employment unexpectedly fell in September, data showed on Thursday, and the jobless rate held a...