SPI200 Bounces Ahead of Labour Data Amid Ongoing Inflation Concerns

Australian shares rebounded ahead of key labour market data, which could influence expectations around the Reserve Bank of Australia's (RBA) future policy direction.

The SPI200 index recovered to around 8,697 after falling toward the 8,630 support area during the session. Markets are watching upcoming Australian labour data for clues on the RBA's interest-rate outlook.

The RBA has signalled that persistent inflation could require further policy tightening, which has put additional pressure on stocks and contributed to renewed inflation concerns.