S&P/ASX 200 Index, Australian stocks closed higher today. This was driven by investor concerns over geopolitical tensions. After it was reported that the missile was shot down in Poland. It’s not a Russian attack.
The S&P/ASX 200 Index closed at 7,135.70 points, up 13.50 points or +0.19%, and the All Ordinaries Index closed at 7,339.00 points, up 11, 60 points or +0.16%.
Investors ease fears about geopolitical tensions After Mr. Yens Stoltenberg The secretary general of the North Atlantic Treaty Organization (NATO) said it is possible that the missile, which was shot down over Poland, is probable. It will be the missiles of the Ukrainian air defense system that will intercept the Russian missiles. and landed the missile on Polish territory.
During the day Australian stocks fall After the Australian Bureau of Statistics (ABS) reported today The unemployment rate in October fell to a 50-year low as the number of jobs more than doubled expectations, suggesting that the Reserve Bank of Australia may continue to raise interest rates. To reduce the heat of the labor market, which is currently in a very tense situation.
The ABS said the October unemployment rate fell to 3.4%, its lowest level since November. 1974, up from 3.5% in September. Employment increased by 32,000 in October after declining by 3,800 in September.
Stronger-than-expected Australian October jobs data The analyst had predicted that The number of employed persons will increase by only 15,000 and the unemployment rate is expected to rise to 3.6%.
