The Australian share market fell by around 0.6 per cent on Wednesday, unable to shake off heavy declines in both mining and bank stocks.
Also, some are bracing for the latest jobs data, which is due tomorrow. We’ll actually find out if Australia’s unemployment rate remains near the five-year high of 4.6 per cent that we hit back in August.
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Today, Qantas and hearing implant maker Cochlear paid investors dividends.
Shares in Guzman y Gomez fell after its chair sold a $35.5 million stake in the fast food chain.
One of the world’s largest mining companies, Rio Tinto, said it’s on track to meet its production goals for both iron ore and also copper this year, which are two of its key earners.
And ship builder Austell surged as talks for the proposed sale of its US business are progressing.
The Aussie dollar has strengthened a touch, buying roughly 70 US cents.
This article is published as part of a paid partnership with the CommSec.
Facts and dates are correct at the time of publication. This is general information only and does not constitute personal financial advice. Consider seeking advice from a qualified financial professional before making financial decisions.
