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<br>The Australian share market has actually set another record after the unemployment rate rose to its highest level in nearly 4 years, increasing the chances of a rates of interest cut.<br><br><br>The benchmark S&P/ ASX200 index on Thursday climbed 77.2 points, or 0.9 percent, to 8,639.0, while the more comprehensive All Ordinaries increased 74.4 points or, 0.84 per cent, to 8,890.8.<br> <br><br>The ASX200 climbed up as high as 8,641.3 during intraday trading, [http://rudrakhsaproperties.in/author/kristinedotson/ breaking] its previous record from June 11 by two points.<br><br><br>Its closing level also eclipsed Tuesday's close for its greatest surface ever, while its 0.9 percent gain was its best in three-and-a-half weeks.<br><br><br>The marketplace was currently in the green but its gains accelerated after the Australian Bureau of Statistics announced that the joblessness rate in June increased to 4.3 per cent, its greatest level because November 2021.<br><br><br>Just 2,000 brand-new jobs were created, far less than the 20,000 that economists had anticipated, which economists viewed as increasing the [https://tiktokporn.live/@deborahbrito0?page=about chances] that the Reserve Bank will cut rates at its August conference.<br><br><br>"Softer tasks growth for a couple of months in a row, that is pointing to a cut being available in," AMP [https://renshskupnost.com/forum/topic/the-bet-9ja-promotional-code-this-2026-is-yohaig/ chief economic] expert Shane Oliver informed ABC News.<br><br><br>"Today's outcomes will just include to expectations by money market traders and financial experts that we will get a cut in August. It has strengthened those expectations."<br><br><br>Betashares primary financial expert David Bassanese said an August rate cut would be a "slam dunk" unless second-quarter inflation came in at 2.8 per cent or higher, while State Street Investment Management economist Krishna Bhimavarapu said a larger-than-normal rate cut next month was a genuine possibility.<br><br><br>The increased expectations for lower rates sent shares greater and the Australian dollar lower.<br><br><br>The Aussie fell to a 23-day low versus its US counterpart, altering hands for 64.71 US cents, from 65.25 US cents at close of service on Wednesday.<br><br><br>In the US overnight, US President Donald Trump retreated from his talk of firing Federal Reserve chair Jerome Powell, which briefly sent out markets reeling.<br><br><br>Every ASX sector ended up in the green, with industrials the greatest gainer, increasing 1.4 percent as Computershare added 3.0 percent.<br><br><br>The huge four banks were all higher, with CBA getting 1.8 percent to $180.80,  1.2 percent to $33.70 and ANZ and NAB both up by 1.1 per cent, to $33.70 and $38.70, respectively.<br><br><br>Australian Ethical grew 7.4 percent to a nearly three-year high of $6.68 after the investment management [https://gratisafhalen.be/author/freemanroye/ business] announced it had provided 34 percent growth in funds under management, to a record high of $13.94 billion.<br><br><br>Shares in Carsales' moms and dad company, CAR Group, dropped 2.9 percent after CEO Cameron McIntyre stood down following a nine-year period in the [https://zairazarate.com/the-betnaija-promotional-code-this-2026-is-yohaig/ leading] job.<br><br><br>The mining giants had a quieter day, with BHP flat at $39.11, Fortescue adding 0.3 per cent to $16.91 and Rio Tinto [http://wyrdwalkerpress.com/index.php?title=User:DwainAllen advancing] 0.5 percent to $111.10.<br><br><br>Droneshield lost 9.1 per cent to $3.51, finally cooling down after Monday and Tuesday's red-hot trading. The drone defence business is still up 26.7 percent on the week.<br><br><br>Betr increased 11 per cent to 30 cents as the sportsbetting platform and Japanese competing [https://coinperia.com/author/stephankingsle/?profile=true MIXI scrambled] for control of Pointsbet Holdings, which was flat at $1.185.<br><br><br>ON THE ASX:<br><br><br>* The benchmark S&P/ ASX200 index completed Thursday up 77.2 points, or 0.9 percent, to 8,639.0<br><br><br>* The more comprehensive All Ordinaries increased 74.4 points, or 0.84 per cent, to 8,890.8<br><br><br>[https://fightnightwrestling.com//@angelbrownless?page=about CURRENCY] SNAPSHOT:<br><br><br>One Australian dollar buys:<br><br><br>* 64.71 US cents, from 65.25 US cents at 4pm on Wednesday<br><br><br>* 96.37 Japanese yen, from 97.03 Japanese yen<br><br><br>* 56.87 euro cents, from 56.15 euro cents<br><br><br>* 48.47 British pence, from 48.66 cent<br><br><br>* 109.49 NZ cents, from 109.63 NZ cents<br>