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The Australian market has started the week lower after an unexpected jump in new U.S. jobs jettisoned any near-term hopes of a rate cut by the Fed Reserve.
Back home, jobs ads rose by just 0.3%, having a negligible impact on the bourse.
The Aussie dollar has extended its losing streak against the US dollar for the fourth straight day; the Aussie battler has hovered at near two-year lows at 61.6 cents.
Information Technology has been leading the market down, giving up 2%, followed by Financials, down 1.6%, and Health Care 1.4%. Energy has bucked the trend and is the best-performing sector, up 2%, followed by Utilities, up 0.6%.
Insignia Financial (ASX:IFL) has been up 2.4% after Bain Capital increased its takeover offer. Bain has offered $4.30 per share; a 7% increase on its December offer that now matches the competing bid from CC Capital Partners.
Insignia has been $4.22.
Nova Minerals (ASX:NVA) has been up 1.3% after unveiling new drill-ready zones rich in gold and antimony at its Stibium prospect in Alaska. Assays from soil and rock chip samples uncovered gold grades reaching up to 141 grams per tonne and antimony levels of up to 60.5%.
Nova Minerals has been 38 cents.
Telix Pharmaceuticals (ASX:TLX) has been up 0.5% has acquired antibody engineering company ImaginAb through a $372M asset buy agreement.
Telix Pharmaceuticals has been $24.11.
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