The ASX200 has been up 0.45% at 8,330 points in afternoon trade.
Australia’s unemployment rate remained steady at 4.1%, as employment grew by 15,900 in October.
Oxford economics says employment growth was modest in October, following a very strong run of growth in employment that belies the generally weak state of the economy.
IT has been the best performing sector, up 1.2%, followed by Financials, up 1% and Utilities, up 0.9%.
Health Care was the worst performing sector, down 0.4%, followed by Materials, down 0.25%.
Company News
Commonwealth Bank (ASX:CBA) has been up 1.7% after hitting a fresh all time record record high in intra-day trade. Australia’s largest company now has a market cap of more than $253 billion
Commonwealth Bank has been $151.51.
Scalare Partners (ASX:SCP) has hit the boards as the first early stage technology accelerator on the ASX. The company provides investment, products, services, and expert advice to support early-stage, revenue-generating technology companies in scaling their business.
Scalare Partners has been 25 cents.
Minbos Resources (ASX:MNB) has been up 15% on news of $15.5 million partnership subscription agreement to fund Phase 1 of the Cabinda Phosphate Project. The funds will be used to cover earthworks, access roads, drainage, and concrete foundations.
Minbos Resources has been 6.1 cents.