RBA expects artificial intelligence to affect jobs, but be inflation neutral
Published . Updated .
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The central bank’s chief economist says there’s evidence technology shifts are already softening graduate hiring across sectors exposed to artificial intelligence.
Directly affected
- No company is named in this report.
Indirectly affected
- QQQ Invesco QQQ
Invesco QQQ: it holds the big tech and AI names. Linked by “artificial intelligence” (AI and big tech) in this story.
- AIQ Global X Artificial Intelligence & Technology ETF
Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “artificial intelligence” (AI and big tech) in this story.
- EWA iShares MSCI Australia ETF
iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“rba”).
- BWX SPDR Bloomberg International Treasury Bond ETF
SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Australia
- EFA iShares MSCI EAFE ETF
iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Australia
- MSFT Microsoft
Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story.
- GOOGL Alphabet
Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story.
- AMZN Amazon.com
Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| QQQ | +3.80% | +5.39% | base | after close | after close | after close | after close |
| AIQ | +3.81% | +5.20% | base | after close | after close | after close | after close |
| EWA | +0.75% | +2.19% | base | after close | after close | after close | after close |
| BWX | -0.16% | +0.37% | base | after close | after close | after close | after close |
| EFA | +1.79% | +3.78% | base | after close | after close | after close | after close |
| MSFT | -4.44% | +4.80% | base | after close | after close | after close | after close |
| GOOGL | -1.99% | +1.50% | base | after close | after close | after close | after close |
| AMZN | -5.28% | +2.58% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
RBA expects artificial intelligence to affect jobs, but be inflation neutral AFR
Source: AFR
Invesco Qqq Trust, Series 1 (QQQ) since this story, compared with the market
| Company | When | Move | Status |
|---|---|---|---|
| Global X Fds (AIQ) | three days earlier | +5.20% | final price |
| Global X Fds (AIQ) | five days earlier | +3.81% | final price |
| Amazon Com (AMZN) | three days earlier | +2.58% | final price |
| Amazon Com (AMZN) | five days earlier | -5.28% | final price |
| Spdr Series Trust (BWX) | three days earlier | +0.37% | final price |
| Spdr Series Trust (BWX) | five days earlier | -0.16% | final price |
| Ishares Tr (EFA) | three days earlier | +3.78% | final price |
| Ishares Tr (EFA) | five days earlier | +1.79% | final price |
| Ishares Inc Msci Australia Etf (EWA) | three days earlier | +2.19% | final price |
| Ishares Inc Msci Australia Etf (EWA) | five days earlier | +0.75% | final price |
| Alphabet (GOOGL) | three days earlier | +1.50% | final price |
| Alphabet (GOOGL) | five days earlier | -1.99% | final price |
| Microsoft (MSFT) | three days earlier | +4.80% | final price |
| Microsoft (MSFT) | five days earlier | -4.44% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | three days earlier | +5.39% | final price |
| Invesco Qqq Trust, Series 1 (QQQ) | five days earlier | +3.80% | final price |
Congressional trades in the stocks in this story
- Sen. John Boozman sold Ishares Tr (EFA) (jointly held), worth $1,001 - $15,000 on 9 Sep 2026. That is 60 days before publication. Filed 21 Oct 2026. View the filing.
- Sen. Shelley M Capito sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 21 Oct 2026. That is 18 days before publication. Filed 4 Nov 2026. View the filing.
- Sen. Sheldon Whitehouse sold Microsoft (MSFT) (held by a spouse), worth $1,001 - $15,000 on 15 Oct 2026. That is 24 days before publication. Filed 2 Nov 2026. View the filing.
- Rep. Pete Sessions sold Microsoft (MSFT) (held by a spouse), worth $250,001 - $500,000 on 2 Oct 2026. That is 37 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Alphabet (GOOGL), worth $15,001 - $50,000 on 14 Sep 2026. That is 55 days before publication. Filed 18 Sep 2026. View the filing.
- Rep. Rohit Khanna sold Alphabet (GOOGL) (held by a spouse), worth $1,001 - $15,000 on 4 Sep 2026. That is 65 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Thomas H. Kean Jr sold Alphabet (GOOGL), worth $1,001 - $15,000 on 27 Aug 2026. That is 73 days before publication. Filed 12 Sep 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN), worth $15,001 - $50,000 on 27 Oct 2026. That is 12 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Pete Sessions sold Amazon Com (AMZN) (held by a spouse), worth $100,001 - $250,000 on 2 Oct 2026. That is 37 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Michael T. McCaul sold Amazon Com (AMZN) (held by a spouse), worth $1,001 - $15,000 on 28 Aug 2026. That is 72 days before publication. Filed 14 Oct 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
Who gains and who loses around Invesco Qqq Trust, Series 1 (QQQ)
Companies mentioned with this story
- QQQ Invesco Qqq Trust, Series 1
Invesco Qqq Trust, Series 1 (QQQ) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “RBA expects artificial intelligence to affect jobs, but be inflation neutral.” Reason on file: Invesco QQQ: it holds the big tech and AI names. Linked by “artificial intelligence” (AI and big tech) in this story
- AIQ Global X Fds
In “RBA expects artificial intelligence to affect jobs, but be inflation neutral,” Global X Fds (AIQ) is linked, with no stored direction, medium confidence. Reason on file: Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “artificial intelligence” (AI and big tech) in this story
- EWA Ishares Inc Msci Australia Etf
Ishares Inc Msci Australia Etf (EWA) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “RBA expects artificial intelligence to affect jobs, but be inflation neutral.” Reason on file: iShares MSCI Australia ETF holds stocks listed in Australia, which this story is about (“rba”)
- BWX Spdr Series Trust
Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 8 Nov 2026 story “RBA expects artificial intelligence to affect jobs, but be inflation neutral.” Reason on file: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in Australia
- EFA Ishares Tr
For “RBA expects artificial intelligence to affect jobs, but be inflation neutral,” Ishares Tr (EFA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes Australia
- MSFT Microsoft
For “RBA expects artificial intelligence to affect jobs, but be inflation neutral,” Microsoft (MSFT) is linked, with no stored direction, medium confidence. Reason on file: Microsoft (prepackaged software): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story
- GOOGL Alphabet
For “RBA expects artificial intelligence to affect jobs, but be inflation neutral,” Alphabet (GOOGL) is linked, with no stored direction, medium confidence. Reason on file: Alphabet (computer programming, data processing, etc.): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story
- AMZN Amazon Com
For “RBA expects artificial intelligence to affect jobs, but be inflation neutral,” Amazon Com (AMZN) is linked, with no stored direction, medium confidence. Reason on file: Amazon.com (catalog and mail-order houses): big tech's AI spending and demand drive its shares. Linked by “artificial intelligence” (AI and big tech) in this story
Invesco Qqq Trust, Series 1 (QQQ)
On 8 Nov 2026, “RBA expects artificial intelligence to affect jobs, but be inflation neutral” is the story that connects Invesco Qqq Trust, Series 1 (QQQ) to this story.
Invesco Qqq Trust, Series 1 (QQQ) is on the page because Invesco QQQ: it holds the big tech and AI names. Linked by “artificial intelligence” (AI and big tech) in this story
Also listed, Global X Fds (AIQ): Global X Artificial Intelligence & Technology ETF: it holds the big tech and AI names. Linked by “artificial intelligence” (AI and big tech) in this story
Dates and price levels for Invesco Qqq Trust, Series 1 (QQQ)
AIQ traded between 61.70 and 67.40 across 11 sessions. The latest close on file is 62.94. EWA traded between 27.76 and 29.31 across 20 sessions. The latest close on file is 29.12. QQQ traded between 680.34 and 757.18 across 20 sessions. The latest close on file is 685.32.
A simple score for Invesco Qqq Trust, Series 1 (QQQ)
46 out of 100
“RBA expects artificial intelligence to affect jobs, but be inflation neutral” scores 46 out of 100. The score uses 1 sources, and 8 linked companies.