Australia’s unemployment rate dropped marginally in May, data published by the Australian Bureau of Statistics said Thursday. The jobless rate stood at 4.4 percent in May, down from 4.5 percent in April and in line with expectations. The number of employed increased by 40,300 from the previous month to 14.74 million. Data showed that full-time […]
Australia’s 10-year government bond yield hovered around 4.7%, near a four-month low, as sliding oil prices and narrowing yield differentials—driven by expectations of a more hawkish US policy stance—more than offset a rebound in domestic employment data. The economy added 40,300 jobs in May, recovering from a revised loss of 40,600 positions in April and
The battle in Silver has entered a far more important stage. Breaking below $60 is psychologically significant, but the market’s attention is already shifting to another level roughly ten dollars lower. Around $50 sits one of the strongest combinations of technical and fundamental support on Silver’s chart. Whether that area survives the current wave of
Equities: Regular-session trading saw the S&P 500 edge down 0.1% and the Nasdaq-100 drop 0.4%. However, Micron’s massive post-market Q3 beat sent its shares up 15% to $1,213 in after-hours trading, triggering a wave of buying that lifted major semiconductor and hardware indices across the Asia-Pacific region. The Dow Jones (DJIA) added 0.4% during cash
The April revision from minus 18,600 to minus 40,700 is the number that reframes the entire report. The two-month average across April and May now sits at essentially flat, which is a materially weaker picture than the May headline alone implies and aligns with the gradual softening narrative the RBA has been willing to tolerate
Australian shares fell 39 points, or 0.4%, to 8,773 in Thursday’s morning session, reversing a modest gain in the previous trading day. The pullback tracked continued weakness on Wall Street, where the S&P 500 and Nasdaq slipped overnight following a sharp sell-off in tech stocks earlier in the week. Sentiment was also dampened by caution
Gold held near $4,000 an ounce on Thursday, hovering close to its lowest level in almost eight months as a stronger US dollar and mounting expectations of further Federal Reserve rate hikes continued to pressure prices. The dollar climbed to its highest level in more than a year against a basket of major currencies, making
The People’s Bank of China is due to set the daily USD/CNY reference rate at around 0115 GMT (2115 US Eastern time), a fixing that remains one of the most closely watched signals in Asian foreign exchange markets. China operates a managed floating exchange rate system, under which the renminbi (yuan) is allowed to trade
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A year-end Brent target of $78 from JP Morgan suggest a directional anchor for the market, reinforcing the bearish H2 drift that has been building in consensus since the Iran ceasefire removed the geopolitical premium. The detail on private operators refusing to draw commercial stocks is particularly significant for price structure: it means the apparent
A clean bounce in the May data, back toward the 30-45k range the major banks are forecasting, would be consistent with the RBA’s existing read that the labour market is softening only gradually. A result that undershoots, or one where the unemployment rate stays pinned at 4.5%, would sharpen the debate around how much of
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Crude oil futures are settling down 3.92% at $70.34, extending the recent slide in prices. During the session, crude fell below the $70.00 level for the first time since the start of the Iran war, reaching a low of $69.63. For perspective: The gap low from March 2, following the weekend start of the war,
The S&P 500 and Nasdaq are both now negative on the day as technology and computer chips in particular sag. The fear is that Micron will report some sort of slowdown in AI demand in today’s report after the bell. Shares of the company have surged at a frenzied pace in the past six months
Dollar remained firmly in control of global markets today, extending its broad-based rally even as risk sentiment showed tentative signs of stabilization. US equity futures pointed to a modest rebound at the open following this week’s sharp technology-led selloff, as investors appeared reluctant to make aggressive bets ahead of Micron’s earnings report after the bell.
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Strong momentum heading into results Currys enters its annual results announcement with genuine operational momentum. Both major divisions contributed positively to full-year performance, with UK & Ireland like-for-like sales rising 3% and the Nordics delivering stronger growth of 6%. The Nordic outperformance reflects improving consumer demand in those markets, alongside continued market share gains against
