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Australian shares in ‘perverse’ sell-off after positive jobs figures cast doubt over stimulus – NEWS.com.au
Australian shares in ‘perverse’ sell-off after positive jobs figures cast doubt over stimulus
The Australian share market was perversely sold off after positive jobs figures were delivered, with investors likely viewing them as a sign future stimulus measures will be less than expected.The benchmark S&P/ASX200 index closed 1.22 per cent lower at 5883.2, while the All Ordinaries Index fell 1.26 per cent to 6069.2.
ThinkMarkets Australia analyst Carl Capolingua said losses accelerated after the jobs numbers came out.
“Sure, they were better than expected, but I think that was part of…
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