Momentum from US markets overnight is expected to lift Australia's market today, for the final trading day of the year. Follow live.
There was a slight increase in the number of Americans filing new claims for unemployment benefits last week.
But economists say the labour market still remains tight in the US, even with the Federal Reserve lifting interest rates aggressively to dampen demand."The claims figures have been choppy in recent weeks but have held well below the 270,000 threshold that economists see as a red flag for the labor market.
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