Rate Hike Bets Intensify Amid Strong Jobs Data and Global Turmoil The Australian sharemarket's muted gains yesterday, following the release of stronger than expected jobs data, have reignited speculation about another interest rate hike by the Reserve Bank.
The S&P/ASX 200 added a modest 16 points to finish at 8439.
Jobs data released yesterday showed employment surged in June, with 76,300 new positions created – more than five times estimates – and an upwardly revised gain of 44,000 jobs in May.