ASX Hits Fresh High; Jobs Data Reveal Record Employment Growth in August
Wednesday, 18 September 2024, 23:29
The ASX Surges to New Heights
The ASX hit a fresh record high today, with the benchmark ASX200 reaching 8,200 points before closing slightly below that level at 8,194.6. This remarkable performance can be attributed to a surge in the Materials sector, which was the best performer of the day as major companies like BHP showcased significant gains.
Jobs Data Highlights Employment Growth
- Jobs data from August indicates an increase in employment.
- More people found work, suggesting a strengthening economy.
- This positive trend has contributed to investor confidence.
With continued job growth, market analysts remain optimistic about the forward trajectory of the ASX and its effect on Australian businesses.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.