ASX 200 ends up 1.4pc on US rebound; jobs growth beats forecast; Zip rises; lower US core CPI boosts markets; Rio's flat Pilbara result
Economists divided over Feb rate cut forecast after 56,000 jobs boost. Rio rises after 'good finish' to 2024. Zip jumps after Sezzle earnings upgrade. Star edges up. Softer US core inflation boosts equity sentiment.
That's all from the Trading Day blog for Thursday, January 16. The ASX 200 index closed up 1.4 per cent to 8327 points with banks, tech and property stocks gaining strongly after lower than expected US CPI data
On Wall Street, the S&P 500 index rose 1.8 per cent, the technology-focused Nasdaq index gained 2.5 per cent and the Dow Jones lifted more than 700 points, or 1.7 per cent after softer US core inflation revived rate cut bets and as big banks hauled in fourth quarter profits.
Bitcoin is back below $US100,000.
The Aussie dollar is trading around US62.14c.
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