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

The Office for National Statistics (ONS) published the UK industrial and manufacturing production data on Friday, with the overall industrial activity showing sluggishness in the month of April. Manufacturing output arrived at -3.9% m/m in Apr versus 0.2% expectations and 0.9% booked in Mar, while total industrial output came in at -2.7% vs. 0.1% expected and 0.7%...

The U.S. created just 75,000 new jobs in May and employment gains in the prior two months were scaled back, offering more evidence that the economy is slowing. The unemployment rate was flat at 3.6%. The increase in new jobs was way below the 185,000 MarketWatch forecast. The average wage paid to American workers rose 6 cents, or 0.2%, to $27.83 an hour. Yet the 12-month rate of hourly wage...

The U.S. trade deficit narrowed in April as both exports and imports tumbled, highlighting the impact of President Donald Trumps tariffs even before negotiations with China unraveled and he threatened levies on Mexican goods. The deficit in goods and services shrank to $50.8 billion, nearly in line with economist estimates, from a revised $51.9 billion the prior month,...

U.S. service industries expanded at the best pace since February amid a rebound in employment, a signal of labor- market strength before the governments jobs report due Friday. The non-manufacturing index rose to 56.9 in May, according to an Institute for Supply Management survey Wednesday that topped almost all economist estimates in Bloombergs survey. Three of four...

Australia's consumption, as represented by retail sales, dropped in the month of April, missing estimates by a big margin, the Australian Bureau of Statistics (ABS) reported on Tuesday. The retail sales arrived at -0.1 percent month-on-month, compared to the forecast of +0.2 percent and down from previous month's reading of +0.3 percent. œThe trend estimate rose 0.2% in April 2019. This...

The Institue for Supply Management's (ISM) latest Manufacturing PMI came in at 52.1 in May following April's 52.8 reading and fell short of analysts' estimate of 53 to show an expansion in the manufacturing business activity at a slower pace than expected. The New Orders Index registered 52.7%, an increase of 1 percentage point from the April reading of 51.7%. The Production Index registered...

China's May Caixin manufacturing PMI came in at 50.2 vs. 50.0 expected and 50.2 last, as operating conditions improved for the first time in four months. On Friday, the purchasing managers' index (PMI) for China's manufacturing sector arrived at 49.4 in May, down from 50.1 in April, the National Bureau of Statistics (NBS) reported. œChinese manufacturing firms signalled a further slight...

The outlook for China's manufacturing sector deteriorated more than expected in May, as weakness in the domestic economy combined with escalation in the trade standoff with the U.S. The manufacturing purchasing managers' index (PMI) dropped to 49.4, according to data released by the National Bureau of Statistics on Friday. That's worse than the 49.9 forecast in a Bloomberg survey of...

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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