Market Close 12 Dec 24: Aussie market rattled by unexpected strength in jobs data

The market has taken a tumble today coinciding with an update on Aussie jobs growth with results which caught the market off guard and dropped expectations of a February rate cut.  Steve is solo today unpacking this data, and the upcoming data that could make all the difference around this decision.  There is a plethora of international happening including rate cuts internationally which Steve discusses, and he looks at the performance of local sectors with tech seeing some gains.  The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.