MY.BLOGTOP10.COM

The Australian dollar is the mover on the session. It was marked sharply lower after disappointing labour market data for April was released. Jobs in the economy shrunk while the unemployment rate jumped higher. I should add that unemployment remains near record lows....

Responses continue to the lacklustre Chinese data released Tuesday:The via analysts at Macquarie:China’s reopening recovery appears to be faltering, which “has broader implications for the global economy” “People have doubts about the sustainability of the U.S.’s...

The New Zealand government budget has been released. Sees 2023/24 GDP 1.0% ( HYEFU -0.3%)Unemployment rate seen at 5.0% in 2023/24 ( HYEFU 5.5%)NZ treasury is no longer forecasting the country to move into recessionNZ government forecast to return to surplus in...

China's Ambassador to Australia has confirmed his country will resume the importing of Australian timber from today. The background to this is that since 2020 Australia's AUD1.6 bn annual timber trade with China has been suspended.Ambassador Xiao Qian has told...

While 25,000 jobs were expected to be added in April, 4,300 were lost! Job growth was strong in earlier months of this year. The unemployment rate jumped to 3.7% from March's 3.5%. This is still historically low but an increase in joblessness is not welcome. The rapid...

Australian jobs report with big misses.AUD marked lower on the data.The rise in unemployment and the fall in jobs on the month will argue in favour of an RBA 'hold' at its June meeting (on the 6th)part-time employment increased by 22.8KMore:employment to population...

Melbourne Institute Survey of Consumer Inflationary Expectations for May 2023.expected inflation rate 5.2% from 4.6% in April's surveySays MI:May’s data show a spike in inflation expectations, likely to be associated with last week’s federal budget. Even with the...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Putin was speaking at a televised meeting of his government on Wednesday. The recent background to his comments is that Russia said on April 2 it would extend an oil production cut of 500,000 barrels per day (bpd) - about 5% of its crude output - until the end of the...

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives,...

Via JP Morgan trader remarks, casting an eye out past this week.“While McCarthy said a deal is possible by end of this week, the timeline may be by the end of next week ahead of the Memorial Day,”(JPM referring to comments yesterday on 'possible this week')“With that...

Coming up at 11.30 am local time in Sydney 0130 GMT 2130 US Eastern time Yesterday's subdued wages figures:The background to today's numbers is that employment growth in February and March was very strong. 117k jobs addedthe jobless rate dropped to 3.5%Labour demand...