Australian shares continue to search for footing as the tension between sticky inflation and a softening jobs market stays front and center, with commentary suggesting unemployment
Australian shares continue to search for footing as the tension between sticky inflation and a softening jobs market stays front and center, with commentary suggesting unemployment may need to rise before rates can ease. Trade diplomacy is picking up, with Canberra pushing to fast-track an economic agreement with India and lobbying to shield lamb exports from US tariffs. Meanwhile, an insurer's denial of takeover talks saw its shares fall, adding a cautious tone to the session.
Sources
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