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Trading Day: S&P/ASX 200 surges higher as jobs data beats estimates

ASX surges to a post-pandemic high for a second day running. Woodside CEO search on track says chair. Zip Co raises $400m. Jobs data strong.

The ASX/200 on Wednesday topped 7000 points to reach its highest level since the pandemic struck. Picture: AAP
The ASX/200 on Wednesday topped 7000 points to reach its highest level since the pandemic struck. Picture: AAP
The Australian Business Network

Welcome to the Trading Day blog for Thursday, April 15. The ASX 200 fell early but rose to close at a post-pandemic high for the second day running after strong jobs data, having burst above 7000 points on Wednesday.

Wall Street was mixed. The Dow rose 0.2 per cent but the S&P 500 lost 0.4 per cent and the Nasdaq shed 1 per cent.

Cryptocurrency exchange Coinbase made a scorching stock market debut amid frenzied interest in bitcoin and other virtual currencies despite concerns about a bubble.

Oil prices surged as most European markets closed higher. Locally, jobs figures are released and the Bank of Queensland announces its half-year results. Zip Co to raise $400m for 'growth opportunities'.

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Original URL: https://www.theaustralian.com.au/business/trading-day/trading-day-asx-set-to-retreat-after-topping-7000-oil-prices-surge/live-coverage/32a0cc400235ed57369c2f6f58507c02