The abundance of measures in last night's Federal Budget to stimulate jobs growth was clearly what the market wanted to hear with the ASX 200 closing up 1.3% after a slow start.

The abundance of measures in last night's Federal Budget to stimulate jobs growth was clearly what the market wanted to hear with the ASX 200 closing up 1.3% after a slow start. Consumer discretionary and consumer staples were the obvious beneficiaries, with both up 1.9%. Macquarie's upgrade of ANZ (up 2.4%) and Westpac (up 2.6%) allowed CBA and NAB to hitch a ride, up 2.2% and 2% respectively. Our top three VODs today are: Why automotive stocks are revving up Stockland CEO: This is a Budget for recovery, growth and confidence Westacott: "The right budget at the right time" Sign up to our newsletter at ausbiz./the_cob Hosted on Acast. See acast.com/privacy for more information.