Bullish
ASX 200 rises 1.3% to 8,904.70, driven by resource stocks and strong employment data.
The S&P/ASX 200 surged 1.3% to close at 8,904.70, bolstered by a robust 76,800 increase in June employment, surpassing expectations of 15,000. Resource sectors, including materials and energy, led the gains, while technology stocks faced a 3.3% decline. The Australian dollar strengthened to US$0.7012 amid heightened expectations of an RBA rate hike.
Key points
- Resource sectors, notably materials and energy, propelled the ASX 200 higher, with Paladin Energy's 11.6% surge following strong Q4 uranium production.
- June employment data showed a 76,800 increase, significantly exceeding the anticipated 15,000, reinforcing the case for an RBA rate hike.
- Technology stocks declined by 3.3%, with WiseTech Global leading the drop at 6.97%, influenced by global tech earnings reports.
- The Australian dollar rose to US$0.7012, reflecting market reactions to employment data and rate hike expectations.
Sources
- ASX 200 +0.18% at 8,839 as miners offset tech routSwingfolio · July 23, 2026
- ASX 200 report: 23 July 2026IG AE · July 23, 2026
- Evening Wrap: ASX 200 pops, then flops as blowout jobs data firms case for another RBA rate hike, miners, energy and gold shineMarketIndex · July 23, 2026
- Strong jobs results boost August rate rise bets, Origin Energy confirms data hack — as it happenedABC News · July 23, 2026
AI-generated from public news sources. Not financial advice.
