ASX 200: Inflation, Jobs Data in Focus After BHP Rout as RBA Holds
Australian shares start the week with traders watching for new inflation and jobs data to guide the next move. The S&P/ASX 200 gave up ground Friday, ending down 0.92% at 8,828.7 after miners slumped and pulled the index lower, wiping out early gains. The releases are in focus after the Reserve Bank of Australia kept rates at 4.35% last week. That followed three hikes earlier this year. The central bank repeated that inflation is “still too high” and kept the door open to more tightening if demand and prices don’t cool.