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ASX 200 nets biggest gain in a month; ANZ ups RBA rate peak to 4.1pc, AMP dives on earnings miss

Shares rally the most in a month after a rise in the jobless rate. Orora and Sonic Healthcare rocket on earnings beat. AMP dives on profit miss. ANZ says higher rates for longer.

David Rogers, Valerina Changarathil, Hayden Johnson and Matt Bell

Global and local earnings and other updates are driving equity investor sentiment. Picture: Gaye Gerard

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6:34AMFebruary 16, 2023.

Updated 5:09PMFebruary 16, 2023

The Australian Business Network

Welcome to the Trading Day blog for Thursday, February 16. The Australian sharemarket saw its strongest session in a month as a rise in the country's unemployment rate was seen as good news for investors looking for signs interest rates were beginning to bite.

The S&P/ASX 200 index gained 58.10 points, or by 0.8 per cent to 7410.30.

Wall Street is set to rise this evening with futures tied to the Nasdaq up 0.4 per cent, S&P 500 was 0.2 per cent higher and 0.1 per cent higher for the Dow Jones.

The dollar was buying US69.20c at the close.