Australian wage growth unexpectedly remained stagnant at 0.8% in the June quarter, falling short of predicted increases, while the annual pace also held steady at 4.1%.
At 11:35am, the S&P/ASX 200 is 0.16 per cent higher at 7,826.40.
The SPI futures are pointing to a rise of 3 points.
Best and worst performersThe best-performing sector is REITs, up 1.14 per cent. The worst-performing sector is Health Care, down 2.62 per cent.
The best-performing large cap is Northern Star Resources
(ASX:NST), trading 2.99 per cent higher at $14.48. It is followed by shares in JB Hi-Fi
(ASX:JBH) and Newmont Corporation
(ASX:NEM).
The worst-performing large cap is SEEK
(ASX:SEK), trading 7.37 per cent lower at $20.50. It is followed by shares in Netwealth Group
(ASX:NWL) and Pilbara Minerals
(ASX:PLS).
Commodities and the dollarGold is trading at US$2502.30 an ounce.
Iron ore is 0.5 per cent lower at US$98.85 a tonne.
Iron ore futures are pointing to a 1.49 per cent rise.
One Australian dollar is buying 65.91 US cents.
