Markets are looking for the Reserve Bank of Australia to cut again, potentially as soon  as next month, so today's  labour force survey for September will be very closely watched (Markets are pricing 10bp of easing at the 5 Nov RBA meeting, and a terminal rate of 0.44% (RBA cash rate currently at 0.75%). Australia Sept Employment +14.7k (Reuters poll: +15.0k) - A miss. Australia Sept Unemployment rate +5.2 pct, (Reuters poll: +5.3/prior 5.2%) and bullish. Australia Sept Full-Time employment +26.2k  vs prior 15.5k, bullish. Australia Sept Participation rate +66.1 pct,...

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RECENT NEWS

China July Caixin manufacturing PMI was released at with expectations for a near steady reading of 49.5 following yesterday's 49.7 in the official survey. The data arrived as follows: 49.9 vs that 49.5 - which is another positive for the Aussie ahead of next week's RBA. About The Caixin China Manufacturing PMI The Caixin China Manufacturing PMI, released by Markit Economics, is based on...

Hiring at companies accelerated in July for a second month, according to a private report, underscoring a sturdy job market thats helping drive the longest expansion in U.S. history. Private payrolls increased by 156,000 after a revised 112,000 gain in June, according to ADP Research Institute data released Wednesday. The July advance was slightly better than estimates in a Bloomberg...

July Chinese manufacturing PMI was anticipated to edge up to 49.6  but to remain below 50 for the 3rd month while the non-manufacturing PMI likely declined from 54.5. The data has arrived mostly in line with expectations but is key for the AUD/USD today ahead of the Federal Reserve and the Aussie Consumer Price Index. New orders, overseas sales and output all declined in previous months...

Pending home sales rose in June, with activity particularly brisk in the western part of the U.S., a trade group said Tuesday. The National Association of Realtors said pending home sales climbed 2.8%, with gains in each of the four major regions, including a 5.4% jump in the West. Compared to 12 months ago, sales rose 1.6%, the first year-over-year gain in 17 months. The NAR attributed the...

U.S. economic growth slowed in the second quarter by less than forecast as consumer spending topped estimates, though weaker business investment and exports underscored the risks spurring the Federal Reserve toward an interest-rate cut next week. Gross domestic product expanded at a 2.1% percent annualized rate, according to Commerce Department data Friday that topped forecasts...

The data published by the US Census Bureau today revealed that Durable Goods Orders in June increased by 2% following May's 2.3% decline and beat the market expectation of +0.7%. Other data from the US showed that the Goods Trade Deficit widened to $74.17 billion in June and the weekly Initial Jobless Claims dropped to 206K to come in better than analysts' estimate of 219K. With the initial...

German manufacturing activity recorded the worst performance in seven years in the month of July, the latest manufacturing activity report from IHS/Markit research showed this Wednesday. The German manufacturing purchasing managers index (PMI) arrived at 43.1 versus 45.0 expected and 45.2 previous. Meanwhile, services PMI hit a two-month low level of 55.4 as against previous months reading of...

U.K. retail sales unexpectedly rose last month, ending a downbeat second quarter on a more positive note. The volume of goods sold in stores and online climbed 1% in June after dropping for the previous two months, the Office for National Statistics said Thursday. Economists surveyed by Bloomberg had predicted another fall. Sales were up 0.7% in the second quarter, adding 0.04...

ASIA
China's Factory Outlook Improves More than Expected in September
Monday, 30 September 2019 09:02 WIB A report on the health of China™s manufacturing sector improved in September, although it was still below the line indicating contraction. The...
UNITED STATES
U.S. Trade Deficit Narrows as Exports, Imports Both Plummet
Thursday, 6 June 2019 19:54 WIB The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trump™s tariffs...
EUROPE
German Services Hold Up Output as Manufacturers Struggle
Friday, 21 June 2019 14:53 WIB Output from Germany's private sector remained unchanged in June, as a decline in manufacturing was offset by continued growth in services. A flash...
GLOBAL ECONOMY
Trump Mengatakan China Akan `Mengurangi dan Mengeluarkan' Tarif Impor Kendaraan
Monday, 3 December 2018 12:08 WIB Presiden AS Donald Trump mengatakan China telah setuju untuk "mengurangi dan menghapus" tarif terhadap mobil-mobil Amerika dari 40 persen saat...

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