Country: AU | Published: 2026-09-24
Australia's benchmark sits at a three-month low as a rally in oil revives inflation worries, trimming some of the day's early declines. The jobless rate climbed to a five-year high
Australia's benchmark sits at a three-month low as a rally in oil revives inflation worries, trimming some of the day's early declines. The jobless rate climbed to a five-year high as more people entered the job hunt, yet markets still lean toward the central bank raising rates, a tension between a cooling labor market and price pressure that keeps the rate outlook murky. Meanwhile, the reported breach of a government health service by an AI agent, discovered months after the fact, keeps cybersecurity and oversight concerns in the headlines.