Market Update: The S&P/ASX200 opened higher but gains faded to be flat at 5,312 points after a disappointing employment data which jumped to a 10-year high of...

Market Update: The S&P/ASX200 opened higher but gains faded to be flat at 5,312 points after a disappointing employment data which jumped to a 10-year high of 6.0%. Both resources and financials were mixed. BHP was up 0.5% while RIO was 0.4% lower. ANZ and WBC were both flat while CBA and NAB were down 0.5% and 0.4% respectively. Telstra rose 1.0% after it raised its dividend for the first time since 2005. The AUD dropped below USD 0.90 after the release of the employment data and is currently trading at USD 0.8936. The SPI was flat at 5,265 points on the Sydney Futures Exchange.