Lunch Report: Shares Rally On Weak Jobs Data

The Aussie market has rallied to intraday highs following today’s weaker than expected October jobs data. The ASX 200 was little changed but with 19,000 jobs lost over the past month, the release reinforces expectations that the RBA will; provide more stimulus to the economy in the form interest rate cuts. Banks and miners were the main underperformers early as National Bank (NAB) led losses, trading ex-dividened.