Australia's unemployment rate has unexpectedly fallen to 3.9 per cent, bolstering the argument for the Reserve Bank of Australia to keep rates on hold.
The ASX200 has finished down 0.3 per cent, having plunged 25 points in two minutes after a "blockbuster" labour market report made a February rate cut unlikely.
Wall Street's main indexes closed lower overnight as technology sector losses offset gains in communications services while investors waited for key inflation reports that may influence the Federal Reserve's next interest rate decisions.
Wall Street's main indexes closed lower overnight, driven by a drop in AI leader Nvidia that weighed on tech stocks, as investors looked ahead to a crucial inflation report set for later this week.
The Nasdaq and the S&P 500 closed last week on record closing highs following upbeat forecasts from Lululemon Athletica and other companies, as US jobs data fuelled expectations the federal reserve would cut interest rates this month.
The S&P 500 and Nasdaq eked out record closing highs on Tuesday, with tech-related shares extending recent gains as investors awaited further jobs data.
The Nasdaq and S&P 500 scored record closing highs overnight, boosted by tech-related shares following the market's strong November gains, as investors awaited this week's economic data.
The S&P 500 and Dow Jones Industrial Average notched record closing highs during a shortened Black Friday session, lifted by technology stocks such as Nvidia.
