Australian shares have come off their lows after a surge in job creation in March and cryptocurrency exchange Coinbase has soared after listing on the Nasdaq.
- Coinbase’s market value swung wildly before landing at $US86 billion
- Bitcoin jumps to nearly $US65,000 per coin before falling back to above $US62,000
- The Dow Jones index rises 0.2pc to 33,731, S&P 500 falls 0.4pc to 4,125, and Nasdaq falls 1pc to 13,858
At 12:00pm AEST, the All Ordinaries was up 0.1 per cent to 7,288.
The ASX 200 was steady at 7,025 after the unemployment rate dropped by 0.2 per cent in March to 5.6 per cent.
The Australian dollar briefly jumped to 77.45 US cents after the better than predicted job figures came out.
At 12:00pm AEST, it was buying around 77.21 US cents, after surging more than 1 per cent overnight.
The ASX 200 pulled back from its highest level since February 2020 in early trade.
Most sectors were in the red, with healthcare, education and real estate stocks leading the falls at midday.
Only miners, oil stocks and consumer discretionary stocks were going up.
Shares of fuel supplier Ampol rose 5.4 per cent to $25.75, their biggest intraday percentage gain since March 22.
Whitehaven Coal lost 14.4 per cent to $1.58 after lowering its sales forecast for