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AAP
AAP
Business
Adrian Black

Renewed rate-cut hopes fuel Australian shares record

United States Belinda Allen Unemployment
The big four banks and real estate stocks boosted the share market, sparking hopes of a rate cut. (Bianca De Marchi/AAP PHOTOS)

Australia's share market has pipped its intraday record and highest-ever close, after surprise jobs figures bolstered the likelihood of an interest rate cut.

The benchmark S&P/ASX200 jumped 77.5 points on Thursday, up 0.86 per cent, to 9,068.4, as the broader All Ordinaries surged 76.9 points, or 0.83 per cent, to 9,375.9.

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