Business
ASX climbs as US stocks hit fresh records on bad jobs data – ABC News
The Australian share market follows Wall Street higher following a boost from a negative US jobs report on Friday and surging commodity prices.
The Australian share market has opened the week solidly higher after Wall Street hit fresh records on Friday amid disappointing jobs data.
Key points:
- The major Australian share indices were up 0.9 per cent in early trade
- Iron ore and copper prices hit record highs at the end of last week, boosting mining stocks today
- US shares rose on a bad jobs report that raised the prospects of lower interest rates for longer
The US added just 266,000 jobs in April, well short of the million expected by analysts,…
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