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ASX climbs as US stocks hit fresh records on bad jobs data – ABC News

The Australian share market follows Wall Street higher following a boost from a negative US jobs report on Friday and surging commodity prices.

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The Australian share market has opened the week solidly higher after Wall Street hit fresh records on Friday amid disappointing jobs data.
Key points:

  • The major Australian share indices were up 0.9 per cent in early trade
  • Iron ore and copper prices hit record highs at the end of last week, boosting mining stocks today
  • US shares rose on a bad jobs report that raised the prospects of lower interest rates for longer

The US added just 266,000 jobs in April, well short of the million expected by analysts,…

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