Thanks afternoon crew.End-of-day wrap: Aussie shares closed at...

Thanks afternoon crew.

End-of-day wrap:

Aussie shares closed at their highest in more than a week as fresh Chinese stimulus measures helped offset the threat of higher interest rates after the May jobs report showed the economy was still running hot.

The ASX 200 closed 14 points or 0.19% ahead after earlier gaining as much as 36 points. The rally cooled after a report showed total employment grew by 76,000 jobs last month. The rebound in employment trimmed the jobless rate to 3.6% from 3.7% in April. Movement on bond markets implied the odds on a rate hike next month almost doubled to 64% in the wake of the report.

The post-employment report retrace in equities was cushioned by news that China's central bank cut another lending rate today to help stimulate borrowing.

US stocks finished mixed overnight after the Federal Reserve left US benchmark rates on hold but signalled up to two more increases this year. At the Australian close, S&P 500 futures were flat.