Country: AU | Published: 2026-09-24
Australia's benchmark remains near a three-month low, with an oil rally keeping inflation worries alive even as shares trimmed early declines after the jobless rate topped forecast
Australia's benchmark remains near a three-month low, with an oil rally keeping inflation worries alive even as shares trimmed early declines after the jobless rate topped forecasts. Unemployment sits at a five-year high as more people look for work, yet expectations for a central bank rate hike persist, leaving the rate outlook in tension between a cooling labor market and price pressure. On the ground, airport workers at several hubs began a 24-hour strike, and banks are flagging risks from AI shopping agents around scams and data privacy.