Australian employment outpaced forecasts for a second month in December pushing the jobless rate to a nine-month low, a much-needed improvement that could forestall a near-term cut in interest rates. The local dollar climbed 0.47% to $0.6874 as the market pared the chance of an easing from the Reserve Bank of Australia (RBA) at its next policy meeting on Feb. 4. Thursday™s data showed 28,900 net new jobs were created in December, beating forecasts of 15,000 and on top of a surprisingly strong 38,400 gain in November. The unemployment rate edged down a tick to 5.1%, the lowest reading...

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RECENT NEWS

A report on the health of Chinas manufacturing sector improved in September, although it was still below the line indicating contraction. The manufacturing purchasing managers index rose to to 49.8, according to data released by the National Bureau of Statistics on Monday. Thats better than the 49.6 forecast in a Bloomberg survey of economists. The non-manufacturing gauge...

The data published by the United States (US) Census Bureau today showed that new orders for manufactured goods in August increased $0.5 billion, or 0.2%, to $250.7 billion. This reading came in better than the market expectation for a decline of 1% but failed to help the Greenback preserve its strength. As of writing, the US Dollar Index was down 0.13% on the day at 99.08. "Excluding...

According to the monthly report published by the Conference Board, the consumer confidence in the US deteriorated in September with the Consumer Confidence Index slumping to 1251 in September and missing the market expectation of 133.5. Furthermore, August's reading of 135.1 got revised down to 134.2. With the initial market reaction, the Greenback came under modest selling pressure and the US...

Germanys private sector is suffering its worst downturn in almost seven years as a manufacturing slump deepens, raising pressure on the government to add fiscal stimulus. A Purchasing Managers Index fell to 49.1 in September from 51.7 a month earlier, according to IHS Markit. The reading was worse than economists predicted and the lowest since October 2012. Its also...

The Philadelphia Federal Reserve's manufacturing index fell to 12.0 in September after registering a reading of 16.8 in August. Any reading above zero indicates improving conditions. Economists polled by MarketWatch expected a reading of 10.0. The indexes for general activity and new orders fell, while the indexes for shipments and employment increased, the Philly Fed said. The survey's...

U.K. retail sales slip 0.2% in August

Thursday, 19 September 2019 15:47 WIB

U.K. retail sales fell 0.2% in August, as the prior month's gain from Amazon Prime Day reversed with a drop in non-store retailing. Economists polled by FactSet had forecast a 0.2% dip. The year-on-year growth rate slowed to 2.7% from 3.3%. Source: marketwatch

Australia's unemployment rate rose in August reflecting a slowdown in the economy, and adding to a fast-growing case for interest rates to be cut further in coming months. Unemployment rose to a seasonally adjusted 5.3% in August from 5.2% in July, as employment growth of 34,700 over the month was outpaced by a jump in the number of people seeking work. Economists had expected an unemployment...

U.K. CPI slows more than forecast to 1.7% growth rate

Wednesday, 18 September 2019 15:50 WIB

U.K. consumer prices slowed to 1.7% year-over-year growth in August from 2.1% in July, the Office for National Statistics said Wednesday. Economists polled by FactSet expected a 1.9% rise. Core CPI slowed to 1.5% from 1.9%. The ONS said the decline came from principally games, toys and hobbies, and cultural services, clothing and sea fares. The pound was trading at $1.2452, down from $1.2501 on...

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
First Phase of US-China Trade Deal Announced
Monday, 16 December 2019 09:09 WIB A trade deal between the United States and China, separately announced Friday by both countries, will be such a boon for American farmers they will...

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