Consumer discretionary stocks jumped 1.8% at midday Thursday, as the ASX saw a broad-based recovery. Shares rose in trading on Wall Street after the US Federal Reserve kept interest rates unchanged again.
Australia's seasonally adjusted unemployment rate stood at 4.1% in February, unchanged from the prior month and in line with the Trading Economics consensus forecast.
Web Travel Group (ASX:WEB) completed its AU$150 million on-market share buyback program announced in November 2024.
On the flip side, the materials sector was the only sector trading in the red, down just 0.4%, after iron ore prices fell overnight.
Arafura Rare Earths (ASX:ARU) signed an agreement with Traxys Europe for the supply of a minimum of 100 tonnes per annum of neodymium-praseodymium oxide from its Nolans Project in the Northern Territory.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.