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Victorious It was a strong open for the ASX200 yesterday with some help from Wall Street but by mid-morning it looked like the index might tip over again. That was until the November jobs numbers were released. Australia added 90,000 jobs in the month, mostly full-time, when economists had forecast 40,000. We should put that into context however – Victoria represented 74,000 of those jobs, mirroring job losses when the state was in lockdown. Josh was still grinning nonetheless, particularly as the number was sufficient to bring the unemployment rate down to 6.8% from 7.0% even as the partic...

Stimulated After tracking lower for the past four sessions, yesterday the ASX200 rebounded to zero out the net losses since last Thursday. Collect $200. The previously sombre mood was brightened by the possibility of US stimulus, as it so often has been this year despite consistent disappointment. More on that below. Financials were not the biggest mover (+0.8%) but waved the flag for stimulus. There’s not a lot of correlation between Us and Them really, except through bond yields. Technology (+2.6%) topped the day as the BNPL sector grows yet another leg. Afterpay ((APT)) rose 4.2% to be c...

ASX Close: Santa rally as clock winds down SubscribeBe the first with the news that moves the market The share market recorded its biggest rise in more than two weeks as US negotiators worked into the night on a stimulus package for the American economy. The S&P/ASX 200 rose 48 points or 0.7 per cent, broadly mirroring overnight gains on Wall Street. Despite a late fade, today's advance was the local index's best since a 71-point burst on December 1. The rally raised hopes of a late 'Santa rally' in the run in to Christmas. What moved the market US stocks surged overnight amid signs a divide...