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Unemployment figures hit the mark: Aus shares close 0.6% higher

Unemployment figures hit the mark: Aus shares close 0.6% higher
The Australian share market experienced some volatility at the beginning of the session. We saw a strong rally off the back of trend unemployment data which met the consensus. The market managed to maintain momentum over the afternoon to finish 0.6 per cent higher. Every sector except Financials made some gains. Communications and Consumer Staples led the charge. The S&P/ASX200 index: At the closing bell the S&P/ASX 200 index closed 37 points higher to finish at 6,735. Futures market: Dow futures are suggesting a loss of 24 points. S&P 500 futures are eyeing a dip of 3 points. The Nasdaq futures are eyeing a loss of 5 points. And the ASX200 futures are eyeing rise of 49 points tomorrow morning. Broker moves: Ord Minnett rates Experience Co () as a buy, but has reduced its 12-month price target to 31 cents. This follows another soft trading update for the first quarter with skydiving volumes down 10.4 per cent largely due to adverse weather conditions. Given the strategic review is underway the broker expects changes are already taking place. Shares in Experience Co () are trading 4.2 per cent lower at $0.23.. Macquarie rates BHP Group () as an outperform, and has increased its 12-month price target to $40.00. This upgrade is a result of Macquarie forecast being tweaked to include unsanctioned projects. Shares in BHP Group () are trading 0.1 per cent higher at $36.81. Economic news: The Australian Bureau of Statistics has released Labour Force figures for October 2019. Australia's trend unemployment rate was 5.3 per cent. This follows an unemployment rate of 5.2 per cent in September and met the consensus figure the market was expecting. Company news : Engineering company Monadelphous Group () has acquired Chile-based construction and maintenance services contractor, Buildtek SpA and plant and equipment hire company, Maqrent SpA. Monadelphous acquired 75 per cent of the companies for approximately 9.5 million cash, with an option...