Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew....

Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew.


Half-time wrap:

The share market swung back towards record levels after a jump in unemployment pointed to more interest rate cuts and Wall Street overcame mid-session jitters over disputed White House plans to fire central bank chief Jerome Powell.

The ASX 200 bounced 65 points or 0.76% a day after its heaviest fall since early May.

Banks, property trusts and industrials were stand-outs as investors bought yesterday's dip. Spec stocks and gold miners sat out the rally. The Emerging Companies index dropped 0.33%.

The market added to early gains following news the unemployment rate unexpectedly jumped to 4.3% last month from 4.1% in May as the economy created a tepid 2,000 jobs, significantly undershooting expectations. At 4.3%, the jobless rate was the highest since November 2021. The dollar dropped around 0.5%.

"Very strong case for an August cut if there wasn't one already," tweeted Alex Joiner, chief economist at IFM Investors.

US stocks rose overnight after President Donald Trump denied reports he was preparing to sack the head of the Federal Reserve. The initial reports triggered a late-morning slump in stocks as treasury yields rallied. The S&P 500 lifted in afternoon trade to a gain of 0.32%.


Personal trading: Slow going since yesterday. Took NMR trading well below the CR price, SVM at yesterday's low and A1G on retrace. Tracked DRO, but was too slow to catch that nice morning rebound.