Timothy Moore

November’s payrolls report keeps open the door for a quarter point rate cut this month, though next week’s CPI data still needs to be cleared.

Jacinta Allan accused the protesters of “politicising Christmas”; Former Liberal leader faces court on drug charges. How the day unfolded.

The three-month annualised rate of consumer prices increased by almost 0.5 percentage point to 3.6pc in October. Economists say the pace won’t derail another rate cut.

Shares lift; ANZ cuts final dividend; Block misses profit forecasts; Mayne Pharma up for sale; Quickstep soars on takeover bid rejection; Bitcoin eyes $US77,000. Follow updates here.

Economists mostly took the August jobs data and initial policymaker responses in stride, downplaying the probability of a half-point cut this month.

All three US equity benchmarks fell after July’s jobs report missed expectations and triggered worries the Fed is behind the curve in shifting to rate cuts.

The unexpectedly good US June CPI report has triggered a surge in the probability of a September rate cut to more than 90 per cent.

Local shares neared a record high after a broad rally led by CBA. BHP concludes nickel review. ANZ Bank targeted by regulator. Cettire jumps. US June CPI ahead. Follow here.

US bond yields fell and equities extended their rally as the path to a Fed pivot has become ever so slightly wider.

President Joe Biden warned supporters Trump was likely “setting fundraising records” after historic conviction. Follow updates here.

Shares slip 1.1pc. Retail worries mount on multiple trading updates. CBA’s profit slips 5pc, consumer debts creep higher. Westfield lifts investment after Bondi attack. Follow here.

PwC Australia was sanctioned for failing to disclose that it was being investigated for more than a year, in the latest fallout over its tax leaks scandal.

China’s property sector “grief” is poised to keep downward pressure on steel demand for some time yet, analysts said.

Shares inch up; Philip Lowe joins Future Generation board; WAM and QV Equities merge; Adairs chairman exits; Air NZ pauses Chicago route; Iron ore tumbles. Bitcoin tops $US72,000. Follow updates here.

Shares add 0.5pc. NAB’s McEwan to join BHP. Life360 hits 61.4m users. Govt names green bond banks. Wall St gains, bond yields ease on US inflation data. Bitcoin jumps. Follow here.

“The reality is that the US economy is simply not slowing down,” Apollo Global’s chief economist Torsten Slok said.

Global fund managers slashed their cash holdings and lifted their expectations for global growth, according to Bank of America’s monthly survey.

The early read is that a March rate cut is “dead”, perhaps May too, after hiring unexpectedly shifted into a higher gear to start 2024.

S&P/ASX closes at record 7699.4 points. Tech, banks, real estate climb. Aozora bank falls again. Mega-cap tech lifts Wall St. Meta surges on dividend plan. Follow here.

The 10 largest US stocks continue to tighten their hold on the S&P 500 at the expense of the next 40 as well as the broader index.