
The Australian share market fell 1.5% this week, posting its third straight weekly loss. The drop was driven by stronger-than-expected jobs data, which reduced the likelihood of interest rate cuts in the near term. Investors had been hoping for some policy relief, but the data reinforced the Reserve Bank’s more hawkish tone, suggesting rates may stay higher for longer. This shift in expectations weighed on sentiment across most sectors, with Technology leading the declines after a weak performance from US tech stocks.
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