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ASX 200 gains 0.2% as unemployment touches 50-year lows

Published 17/11/2022, 04:38 pm
Updated 17/11/2022, 04:42 pm
© Reuters.

By Oliver Gray 

Investing.com - The S&P/ASX 200 added 13.5 points or 0.2% to 7,135.7 during Thursday’s trade as sentiment remained mixed with Information Technology and Consumer Discretionary lifting while Energy and Materials retreated.

Among stocks, Consumer Staples posted the largest advance, up 1.8% as Woolworths Ltd (ASX:WOW) added 2.1%, Coles Group Ltd (ASX:COL) gained 1.9% and Endeavour Group Ltd (ASX:EDV) lifted 2.3%.

Consumer Discretionary added 1.3% with Domino's Pizza Enterprises Ltd (ASX:DMP) up 2.%, Tabcorp Holdings Ltd (ASX:TAH) adding 2.5%, Aristocrat Leisure Ltd (ASX:ALL) gaining 1% and Wesfarmers Ltd (ASX:WES) adding 1.6%.

Meantime, Webjet Ltd (ASX:WEB) popped 10.1% after the company reported better than expected profits.

On the data front, fresh labour data showed an employment change of 32.2K jobs added, while the unemployment rate fell to 3.4%, the lowest reading in almost 50 years.

On the bond markets, Australia 10-Year rates were at 3.625% while United States 10-Year yields were at 3.717%.

In New Zealand, the NZX 50 added 0.6% to 7,135.7.

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