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AAP
AAP
Business
Derek Rose

Aussie shares give up gains after strong jobs report

Jobs Report David Bassanese Tony Sycamore Ventia
A strong employment report has reduced the chances of a February rate cut. (Bianca De Marchi/AAP PHOTOS)

The local share market has given up its early gains to finish lower after a stronger-than-expected domestic labour market report dimmed chances for quick interest rate cuts in 2025.  

The benchmark S&P/ASX200 index ended Thursday down 23.3 points, or 0.28 per cent, to 8,330.3, while the broader All Ordinaries dropped 23.5 points, or 0.27 per cent, at 8,586.9.

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