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ABC News
ABC News
Business
business reporter Stephanie Chalmers, wires

ASX rises as jobs report surprises, global markets rally

The Australian share market has closed firmly higher and the Australian dollar has pushed back above 69 US cents.

It follows the unemployment rate unexpectedly rising in January, casting some doubt on the strength of the jobs market, although some forecasters expect things to improve in February.

US retail sales rose strongly in January and Wall Street finished higher after some mixed moves during its session, while European markets also rallied.

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