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Jobless rate slips in part-time boom
A fall in the jobless rate disguised an overall disappointing September labour market report, which kept alive hopes of another Reserve Bank rate cut.
Jens is the markets and breaking news editor, based in Sydney.
A fall in the jobless rate disguised an overall disappointing September labour market report, which kept alive hopes of another Reserve Bank rate cut.
It's an unusual piece of financial advice, but Citi's global credit strategist Matt King reckons it's high time Germany's reputation for thrift was adopted by others.
Shares drop, with gains in energy stocks offset by more losses in gold miners, while caution reigns ahead of key US jobs data.
Shares rise, as strong gains in the energy sector offset a plunge in Telstra and real estate stocks.
A fierce sell-off in gold miners is leading the market down, amid fears central banks are closer to curbing their monetary largesse.
Shares end the day slightly higher after trading in the red for large parts of the session, while the dollar slips slightly as the RBA keeps rates on hold.
The Reserve Bank keeps rates on hold at the first meeting chaired by new governor Philip Lowe, while remaining fairly relaxed about the housing market.
Shares tumble, led down by the big banks as Deutsche Bank's growing woes sour the global mood,
Energy stocks soar and the Aussie dollar breaks through US77c in the wake of the surprise agreement by OPEC to cut production.
The ASX finished flat despite investors' excitement over AGL's surprise buyback announcement.
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