--- title: "ASX closes higher as US jobs data cools inflation fears" publication: "MediaBias News" url: "https://mediabias.news/business/asx-closes-higher-as-us-jobs-data-cools-inflation-fears" api: "https://mediabias.news/api/v1/stories/asx-closes-higher-as-us-jobs-data-cools-inflation-fears" markdown: "https://mediabias.news/business/asx-closes-higher-as-us-jobs-data-cools-inflation-fears.md" audio: "https://mediabias.news/api/audio/asx-closes-higher-as-us-jobs-data-cools-inflation-fears" category: "Business & Economy" published: "2026-10-05T08:45:42.549Z" source_reported: "2026-10-04T20:09:46.000Z" updated: "2026-10-05T08:45:42.549Z" trust_score: 42 critic_score: 61 hype_score: 21 assessment_type: "coverage-and-source-reporting-analysis" fact_check_status: "not-performed" coverage_measured: "2026-10-05T08:45:15.239904+00:00" --- # ASX closes higher as US jobs data cools inflation fears *Australian shares edged up while US markets gained on a weaker-than-expected jobs report.* **Scores for the source reporting** (0-100, assessing the original journalism this article was written from, not this write-up): - Trust 42 of 100, higher is better. Two full reports and four digests cover the ASX's flat finish, with one report detailing Wall Street's gains. - Craft 61 of 100, higher is better. Reports detail market movements, company news, and economic factors, with clear separation of fact and comment. - Hype 21 of 100, lower is better. Headlines are measured, with one digest noting Wall Street's climb and the jobs report's impact on inflation worries. Scored by MediaBias News; method at https://mediabias.news/methodology. **The short version** - The ASX 200 closed 0.1% higher at 8,686 points, with miners and healthcare stocks leading gains. - US stock markets recorded gains on Friday, with the S&P 500 up 0.7%, the Dow Jones Industrial Average up 0.5%, and the Nasdaq composite up 1.2%. - US employers added 29,000 jobs last month, a significant slowdown from August's 133,000 hires, easing inflation concerns. - Biotech giant CSL gained 0.9% after announcing a deal with Alentis Therapeutics. The Australian Securities Exchange 200 index closed marginally higher, gaining 0.1% to finish at 8,686 points. The session saw gains led by the healthcare and materials sectors, with biotech firm CSL adding 0.9% following an announcement of a development deal with Swiss company Alentis Therapeutics. Mining giants BHP and Rio Tinto also saw increases of 1.11% and 0.7% respectively. The Australian dollar was trading at US69.37¢. On Wall Street, major indices closed higher on Friday. The S&P 500 rose 0.7%, the Dow Jones Industrial Average added 0.5%, and the Nasdaq composite gained 1.2%. These gains followed the release of US employment figures which showed that employers added 29,000 jobs last month. This figure represents a slowdown from August's net hiring rate of 133,000 and has been interpreted as easing concerns that a strong US economy could fuel inflation. ## Disagreement on market close WA Today reported that the S&P/ASX200 ended Monday 3.5 points higher, up 0.04 per cent to 8685.6. In contrast, ABC Australia stated the ASX 200 closed marginally higher, with a gain of 0.1%. ## What the coverage left out None of the left-rated or centre-rated reports mentioned the specific figure of US$2 billion that CSL could spend on its deal with Alentis Therapeutics, as stated in ABC Australia's full report. ## Who covered it Shares of the 6 covering outlets with a published leaning rating: - Left: 67% (4) - Centre: 16% (1) - Right: 17% (1) 1 of 7 covering outlets carried no usable leaning rating and were excluded from those percentages. Coverage measured 2026-10-05T08:45:15.239904+00:00. **Coverage watch:** developing. Checked 2 times; 0 checks found a material change. Most recently checked 2026-10-05T09:15:23.826Z. ## How the sides framed it ### Left - The left-rated reports from ABC Australia, Sydney Morning Herald, The Age, and Brisbane Times highlighted the gains on Wall Street, driven by a US jobs report that cooled inflation worries. ABC Australia, in its full report, detailed the ASX 200's performance, noting its marginal rise to 8,686 points, supported by miners and healthcare stocks. It mentioned CSL's gain of 0.9% and specific increases for BHP and Rio Tinto. The digests from Sydney Morning Herald, The Age, and Brisbane Times focused on the ASX trading flat after a stronger US dollar weighed on commodity prices, scuppering an early rally. Brisbane Times' digest specifically noted Wall Street indexes climbing near all-time highs as the US job market update eased concerns about inflation. ### Centre - The centre-rated report from WA Today focused on the ASX 200 ending flat, up 0.04 per cent to 8685.6, after a stronger US dollar impacted commodity prices. It detailed gains in mining stocks BHP and Rio Tinto, and CSL's 0.94% rise following its deal with Alentis Therapeutics. The report also contrasted Australian technology stock falls with Wall Street's performance, where Nvidia's rise lifted the S&P 500. It explained that the US jobs report, showing 29,000 new hires, was fewer than expected and a slowdown from August, which helped temper concerns about inflation and potential Federal Reserve rate rises. ### Right No separate framing summary. **Provisional coverage gap:** right. The watch is not closed, so this is not yet a settled blindspot finding. ## Factuality profile of the covering outlets These are published factuality ratings of the outlets, not a verdict on whether this story or its claims are true. - high: 4 - unknown: 1 - veryHigh: 2 ## Verification scope This page compares coverage and scores the source reporting. It is not a ClaimReview verdict on whether the underlying event or claim is true. ## Original reporting this was written from - [RealClearMarkets](https://realclearmarkets.com/2026/10/05/another_noisy_jobs_report_leaves_trend_intact_1209642.html) — Another Noisy Jobs Report Leaves Trend Intact - [ABC Australia](https://abc.net.au/news/2026-10-05/asx-markets-business-live-news/107227606) — Wall Street closes higher after disappointing jobs report, ASX set to gain - [Stockhead](https://stockhead.com.au/news/rise-and-shine-everything-you-need-to-know-before-the-asx-opens-895) — Rise and Shine: Everything you need to know before the ASX opens - [Sydney Morning Herald](https://smh.com.au/business/markets/asx-set-to-rise-wall-street-climbs-as-jobs-report-eases-worries-about-inflation-20261005-p612si.html) — Sharemarket hands back early gains for a flat finish - [The Age](https://theage.com.au/business/markets/asx-set-to-rise-wall-street-climbs-as-jobs-report-eases-worries-about-inflation-20261005-p612si.html) — Sharemarket hands back early gains for a flat finish - [Brisbane Times](https://brisbanetimes.com.au/business/markets/asx-set-to-rise-wall-street-climbs-as-jobs-report-eases-worries-about-inflation-20261005-p612si.html) — ASX set to rise, Wall Street climbs as jobs report eases worries about inflation - [WA today](https://watoday.com.au/business/markets/asx-set-to-rise-wall-street-climbs-as-jobs-report-eases-worries-about-inflation-20261005-p612si.html) — ASX set to rise, Wall Street climbs as jobs report eases worries about inflation ## Questions **How did the Australian stock market perform?** The ASX 200 index closed marginally higher, gaining 0.1% to finish at 8,686 points. Gains were led by the healthcare and materials sectors. **What caused the US stock market to rise?** US stock markets rose on Friday after the release of employment figures showing slower job growth than expected. This eased concerns that a strong economy might lead to higher inflation. **Which companies saw notable gains?** Biotech giant CSL gained 0.9% after announcing a development deal with Swiss company Alentis Therapeutics. Mining companies BHP and Rio Tinto also recorded increases. --- MediaBias News — https://mediabias.news. Reproduced from https://mediabias.news/business/asx-closes-higher-as-us-jobs-data-cools-inflation-fears. Please cite as: MediaBias News, "ASX closes higher as US jobs data cools inflation fears", https://mediabias.news/business/asx-closes-higher-as-us-jobs-data-cools-inflation-fears