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ABC News

Business

business reporter Emilia Terzon with wires

Unemployment rate rises to 3.7pc, Joe Biden reassures that 'America will not default', pushing up US sharemarkets

Joe Biden United States America Emilia Terzon Australia

The Australian market is expected to follow Wall Street. (ABC News: John Gunn)

Wall Street and the ASX bounced upwards as US President Joe Biden reassures his citizens that "America will not default". Meanwhile, jobs data is out in Australia. Find it how it unfolded on our specialist business and economics blog.

Disclaimer: this blog is not intended as investment advice.

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