Wall Street higher as US flags bond buyback
The Australian sharemarket rose following a recovery on Wall Street, driven by the US Treasury's plan to buy back long-dated debt to lower borrowing costs. Meanwhile, Australia's unemployment rate unexpectedly climbed to 4.5 percent in July, potentially influencing future interest rate decisions.
Why it matters
The interplay between US fiscal policy and Australian labor market data provides critical signals for investors and central bank policy expectations.
— 4:54pm , first published August 20, 2026 — 5:28am
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Share A A A The Australian sharemarket ticked higher in Thursday’s session, tracking a recovery on Wall Street as pressure from the bond market eased after the US Treasury unveiled plans to buy back longer-dated debt to curb borrowing costs.
The S&P/ASX 200 finished up 30 points, or 0.3 per cent, at 9083.80, having fallen for six straight sessions . Five of its 11 industry sectors were stronger, led by gold miners, healthcare and tech stocks. The Australian dollar slipped to US71.21¢.
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