Australian stocks reached a new peak on Thursday. Financials, property, and gold sectors saw significant gains. This surge followed an unexpected rise in unemployment. Investors now anticipate an interest rate cut next month. The S&P/ASX 200 index climbed, marking a historic high. This positive market movement reflects growing confidence in the Australian economy.
Australian shares notch record closing high as unemployment spike fuels rate-cut bets
by ET Markets | October 16, 2025 12:09 pm | Indian Stocks, Market, News