European equity close: A silver lining to a tough week
Friday, May 3,2024,11:42
Most of Europe posted a positive finish but the week was a struggle Stoxx 600 +0.4% German DAX +0.5% UK FTSE 100 +0.5% French CAC +0.5% Italy MIB -0.3% Spain IBEX -0.3% On the week: Stoxx 600 -0.5% German DAX -0.9% UK FTSE 100 +0.9% French CAC -1.6% Italy MIB -1.8% Spain IBEX -2.8% For the DAX, this was the third weekly decline in the past four weeks but that came after an extended period of strong gains. This article was written by Adam Button at www.forexlive.com. .. read more..
Camposol Holding PLC's Invitation to the First Quarter 2024 Financial Results...
Friday, May 3,2024,11:00
Camposol Holding PLC will announce its financial results for the first quarter of 2024 on Monday, May 27, 2024, at 9:00 am Peru Time. In connection with this release, Jose Antonio Gomez-Bazan, CEO, Ricardo Naranjo Fernandez, CFO, and Jossue Yesquen Lihim, IRO, will host a conference call presentation and Q&A session. To register and participate in the conference call please use the following link: https://register.vevent.com/register/BIf823c18bd17a451f9db6353bf30a1b12 Participants are advised to log in to the conference call service and check their settings a few minutes before the conference call begins. To access the webcast presentation associated with the conference call, pleas... .. read more..
Norges Bank Keeps Policy Rate Steady At 4.50%
Friday, May 3,2024,10:52
The Norwegian central bank maintained its key interest rate for the third straight decision on Friday, as the current stance is needed for some time ahead in order to bring inflation back to the target within a reasonable time horizon. .. read more..
Services Sector Activity Gauge Contracts, Stocks, Bonds Trim Gains: 'Business...
Friday, May 3,2024,10:44
Activity in the services sector experienced a sharp slowdown in April, cooling more than expected and showing the first decline since December 2022. What Happened : After 15 straight months of growth, sentiment in the services sector activity entered into contraction last month, according to the Institute for Supply Management (ISM). April ISM Services PMI Report: Key Highlights The overall ISM Services PMI fell to 49.4%, marking a 2 percentage points decline from March's 51.4% and missing the expected growth to 52%. The subindex for Business Activity fell to 50.9% in April, marking a significant drop of 6.5 percentage points from March’s 57.4%. The subindex for New Orders cont... .. read more..
U.S. Service Sector Activity Contracts For First Time Since December 2022
Friday, May 3,2024,10:31
After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a report released by the Institute for Supply Management on Friday. The ISM said its services PMI dipped to 49.4 in April from 51.4 in March, with a reading below 50 indicating contraction. Economists had expected the index to inch up to 52.0. .. read more..
Eurozone Unemployment Rate Steady At 6.5% For Fifth Month
Friday, May 3,2024,10:13
Euro area jobless rate remained unchanged at a record low for the fifth month in a row in March and the unemployment decreased, while a tight labor market could urge the European Central Bank to remain cautious even as policymakers gear up for an interest rate cut in June. The seasonally adjusted unemployment rate was 6.5 percent in March, which is the same level as in the previous four months. .. read more..
Japan fin min Suzuki: Rapid currency moves are undesirable as they would hurt...
Friday, May 3,2024,10:09
If currency moves are excessive, we may need to smooth them Desirable for FX to move stably, high FX volatility undesirable Currency rate is stet by markets, reflect fundamentals If you take this at face value, the implication is that Japan doesn't mind USD/JPY rising along with fundamentals, they just don't want it to happen too quickly. This article was written by Adam Button at www.forexlive.com. .. read more..
U.S. Services PMI Unexpectedly Indicates Contraction In April
Friday, May 3,2024,10:08
After growing for fifteen consecutive months, U.S. service sector activity unexpectedly contracted in the month of April, according to a report released by the Institute for Supply Management on Friday. .. read more..
Iraq and Kazakhstan pledge to make up for OPEC quota overproduction before y...
Friday, May 3,2024,10:07
OPEC is out with a statement after a workshop with Iraq and Kazakhstan. The successful exchange aimed to share compensation plans for Iraq and Kazakhstan for their outstanding overproduced volumes for the months of January, February and March 2024, which totaled about 602 tb/d for Iraq and for 389 tb/d Kazakhstan. The plans shared by both countries below show in details that the entire over-produced volumes will be fully compensated for by end of this year. Moreover, any overproduction that may arise in the month of April 2024 for these countries will be accommodated in the respective compensation plans over the remaining months in 2024. That's a decent amount of oil if they follow throug... .. read more..
Japan FM Suzuki: Rapid currency moves are undesirable.USDJPY bounces off KEY ...
Friday, May 3,2024,10:03
Japan finance Minister Suzuki is on the wires saying: Forex levels should reflect economic fundamentals if currency moves are excessive, we may need to smooth them Desirable for FX to move stably, eye FX volatility undesirable Rapid currency moves are undesirable as they would hurt households and companies Currency rates are set by market, reflects the fundamentals The USDJPY has moved down this week on the back of reported intervention from the Bank of Japan and also softer data out of the US today. Technically, the price has moved back down toward the key swing area near 151.90. That area encompasses the 2022 high, the 2023 high (not shown on the chart below) and the old highs from 2024... .. read more..
ISM April services index 49.4 vs 52.0 expected
Friday, May 3,2024,10:00
Lowest since Dec 2022 Prior was 51.4 Key details: Employment 45.9 vs 48.5 prior New orders 52.2 vs 54.4 last month Prices paid 59.2 vs 53.4 last month Other components: Inventories 53.7 vs 45.6 last month Supplier deliveries 48.5 versus 45.4 last month Backlog of orders 51.1 versus 44.8 last month New export orders 47.9 versus 52.7 last month. Imports 53.6 versus 52.4 last month Inventory sentiment 62.9 versus 55.7 last month The prior report saw a big drop in the prices paid component so I don't view the rebound as a big shock as it goes back to where it's spent most of the past year. In addition, inflation is a lagging indicator while demand is a leading indicator. This is the lowest IS... .. read more..
S&P Global final April services 51.3 vs 50.9 prelim
Friday, May 3,2024,09:45
Prelim was 50.9 Prior was 51.7 Composite PMI 51.3 vs 50.9 prelim Prior composite PMI was 52.1 Services PMI 51.3 vs 50.9 prelim. Last month the PMI was 51.7 In their own words, Chris Williamson, business economists at S&P global market intelligence said: "Service sector growth slowed in April to point to a sluggish start to the second quarter for the US economy. Alongside a concomitant cooling in the rate of growth of manufacturing output, the weaker service sector performance means overall business activity grew in April at the slowest rate seen so far this year. At current levels, the PMI indicates that GDP is expanding at a modest annualized rate of approximately 1.5% so far in the ... .. read more..
US stocks open higher as jobs report gives traders the nudge
Friday, May 3,2024,09:44
The major US stock indices are trading higher after the nudge from the softer-than-expected US jobs report. The Snapshot of the market 11 minutes into the open is showing: Dow Industrial Average average up 512.51 points or 1.34% at 38738.18 S&P index up 59.64 points or 1.18% at 5.23.83 NASDAQ index up 293.64 points or 1.85% at 16134.60 The small-cap Russell 2000 is trading at 32.28 or 1.60% at 2048.39 The gains are helped by lower yields: 2-year yield 4.780%, -9.6 basis points 5-year yield 4.464%, -10.3 basis points 10 year yield 4.493%, -7.6 basis points 30-year yield 4.64%, -5.3 basis points. In other markets. Crude oil is trading down $0.10 at $78.85 Gold is trading down $17.96 or ... .. read more..
ISM services report still to come
Friday, May 3,2024,09:38
The non-farm payrolls report is at the pinnacle of US economic data but employment is a lagging indicator. Businesses need to see months of softness before they pause hiring and even more before they begin layoffs. The best way to capture creeping softness in demand is via surveys of business and the best of those is the ISM services survey, with the latest edition due at the top of the hour. This edition is particularly noteworthy because it follows the similar survey from S&P Global that showed a slowdown in services at 50.9 compared to 52.0 expected, including the first drop in new orders in six months. We get the final update from S&P Global at 9:45 am ET, just 15 minutes befo... .. read more..
S&P Global Canada April Services PMI 49.3 vs 46.4 in March
Friday, May 3,2024,09:37
Best reading since June Eleventh month in a row below 50 Prior was 46.4 This survey doesn't get much attention from markets, partly owing to its short life. Paul Smith, Economics Director at S&P Global Market Intelligence, said: "Another fall in activity during April reinforced the general underlying weakness that pervades the Canadian services economy. Panellists noted that subdued market conditions, reflective of high interest rates and worries about the outlook, continued to undermine sales. “But there was some positivity to be found in the survey data. Activity was only down slightly, whilst new business volumes stabilised after a protracted downturn. Companies added to their empl... .. read more..
U.S. Job Growth Falls Short Of Estimates In April, Unemployment Rate Ticks Hi...
Friday, May 3,2024,09:24
After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday showing employment in the U.S. increased by much less than expected in the month of April. The Labor Department said non-farm payroll employment climbed by 175,000 jobs in April after surging by an upwardly revised 315,000 jobs in March. .. read more..
US equity futures jump as jobs growth cools
Friday, May 3,2024,09:08
S&P 500 futures are up 57 points, or 1.1% ahead of the open while Nasdaq futures are up 1.5% and Russell 2000 futures up nearly 2%. The market is cheering a softer US jobs report that saw the unemployment rate tick higher to 3.9% from 3.8%. That led to broad weakness in the US dollar, falling Treasury yields and higher stock markets as softer jobs will eventually given the Federal Reserve room to lower rates. S&P 500 futures has risen above the late-April highs, which is a positive technical sign. This article was written by Adam Button at www.forexlive.com. .. read more..
Job Market Cools In April: Payrolls Miss Forecasts, Wages Rise Less Than Expe...
Friday, May 3,2024,08:58
Editor’s note: This story has been updated with additional details. The April performance of the U.S. labor market missed expectations, providing some evidence of cooling economic momentum and potentially leaving the door open for interest rate reductions later this year. U.S. employers added 175,000 nonfarm payrolls in April, marking a reduction from the upwardly revised 315,000 reading in March and missing the expected 238,000, the Bureau of Labor Statistics said Friday. April Jobs Report: Key Highlights Nonfarm payrolls increased by 175,000 on the month, marking a slowdown from March’s 315,000 and falling short of economists’ expectations for a 238,000 increase. The u... .. read more..
Why this could be just the beginning for the downturn in jobs
Friday, May 3,2024,08:50
Before today's non-farm payrolls report, I noted that the low estimate in the Refinitiv survey was from Ian Shepherdson at Pantheon and asked him why. One of the things he highlighted was the softening National Federation of Independent Businesses survey of hiring intentions. Despite generally strong seasonal biases in the April non-farm payrolls report, the data was weak at +175K vs +243K expected (Shepherdson was at +150K). If the NFIB survey proves to be a good forecaster, there is still much more weakness in jobs to come. "The slowing in job gains .. is consistent with the sustained rollover in NFIB hiring intentions, which points to private sector job growth slowing steadily to about... .. read more..
Risk-on sentiment might come back with vengeance
Friday, May 3,2024,08:45
We got the first miss on the US NFP number but that doesn't mean it's bad news. The number is still within the range of expectations and it's not that big of a miss. The unemployment rate is also within the range of expectations of 3.8% to 3.9%. The surprise was on the average hourly earnings figures with a bigger than expected miss. This should set aside the inflation fears coming from increasing wage growth and support risk assets (at least in the short term). The next data to watch will be the prices index in the US ISM Services PMI where a benign number could seal the positive risk sentiment going into the US CPI in two weeks. This article was written by Giuseppe Dellamotta at www.for... .. read more..
US dollar falls after jobs data softens
Friday, May 3,2024,08:39
Officials in Japan finally caught a break today as softening US fundamentals give them something of a tailwind following their work to intervene in the currency. USD/JPY is down 154 pips to 152.11 on the day, falling nearly 100 pips on the April non-farm payrolls report . The decline in that pair is part of a broad wave of US dollar selling after the data, which saw the US create 175K jobs compared to 243K expected. The unemployment rate also ticked up to 3.9% from 3.8%. The drop in the dollar has now completely erased gains from early in the week, when the market was worried about a hawkish FOMC pivot. Instead, it's trading at three-week lows on most fronts. AUD/USD has gone from the low... .. read more..
U.S. Employment Climbs Much Less Than Expected In April
Friday, May 3,2024,08:36
After reporting stronger than expected job growth over the past several months, the Labor Department released a report on Friday showing employment in the U.S. increased by much less than expected in the month of April. .. read more..
US economy adds 175K jobs in April, much weaker than expected
Friday, May 3,2024,08:32
The April jobs report released Friday provided a look at the labor market's health as the economy continues to confront high interest rates and inflation. .. read more..
US average hourly earnings MoM 0.2% versus 0.3% expected. YoY 3.9% vs 4.0% ex...
Friday, May 3,2024,08:30
Some more detail from the April US jobs report: Average hourly earnings rose 0.2% versus 0.3% expected. Last month 0.3% Average hourly earnings YoY 3.9% versus 4.0% expected. Last month 4.1%. Average work week Hrs 34.3% versus 34.4 expected. Last month 34.4 The labor force participation rate for April 62.7% vs 62.7% last month U6 (underemployment rate) 7.4% versus 7.3% last month. Just prior to the release: 2-year yield 4.862% 10-year yield 4.546% Dow implied +296 points S&P index +18.80 points NASDAQ index +112.96 point The initial reaction 2-minutes after the release: 2-year yield 4.716% 10- year yield 4.460% Dow implied 554 points S&P index +54 points NASDAQ index +259 points T... .. read more..
US March non-farm payrolls +175K vs +243K expected
Friday, May 3,2024,08:30
Prior +303K Two-month net revision -22K vs +22K prior Unemployment rate 3.9% vs 3.8% expected Prior unemployment rate 3.8% Participation rate 62.7% vs 62.7% prior U6 underemployment rate 7.4% vs 7.3% prior Average hourly earnings +0.2% m/m vs +0.3% expected(+0.202% unrounded) Prior avg hourly earnings +0.3% m/m Average hourly earnings +3.9% y/y vs +4.0% expected Average weekly hours 34.3 vs 34.4 expected Change in private payrolls +167K vs +190K expected Change in manufacturing payrolls +8K vs +5K expected Household survey -25K vs +498K prior The US dollar was near the lows of the day ahead of the report with EUR/USD trading at 1.0750 and USD/JPY at 153.17. Fed pricing was at 42 bps of cu... .. read more..
Locked and loaded for the April edition of non-farm payrolls
Friday, May 3,2024,08:12
It's a big day in financial markets as we get non-farm payrolls at 8:30 am ET followed by the ISM services report 90 minutes later. The dollar is moderately softer on the day ahead of non-farm payrolls in a sign of some position squaring ahead of the data. Since the FOMC, the market has priced in an additional 10 bps of Fed easing this year (40 bps vs 30 bps) but there will be good swings in that based on today's data. The low estimate in the Refinitiv survey is +150K from Pantheon and I asked chief economist Ian Shepherdson why and here's what he said: This article was written by Adam Button at www.forexlive.com. .. read more..
Turkey Inflation Rises Further To 17-Month High
Friday, May 3,2024,08:11
Turkey's consumer price inflation increased further in April to the highest level in nearly one-and-a-half years, figures from the Turkish Statistical Institute showed on Friday. .. read more..
ForexLive European FX news wrap: Dollar lags in run up to US jobs report
Friday, May 3,2024,08:10
Headlines: It's going to a be a dull market until the US NFP and ISM Services PMI What are the Fed odds looking like ahead of the US jobs report? Japan looks to wear out the resolve of USD/JPY dip buyers before the weekend German engineering orders see stronger decline in March Eurozone March unemployment rate 6.5% vs 6.5% expected UK Final April S&P Global Services PMI 55.0 vs. 54.9 expected Markets: NZD leads, USD lags on the day European equities higher; S&P 500 futures up 0.4% US 10-year yields down 1.8 bps to 4.554% Gold down 0.2% to $2,297.73 WTI crude up 0.4% to $79.28 Bitcoin up 0.7% to $59,139 It was a quiet session as markets are bracing themselves for the US jobs report... .. read more..
Here is what to watch for an extreme surprise in the upcoming US jobs report ...
Friday, May 3,2024,08:09
I posted on this during the Asian timezone for those who were awake then. Full post is here , with much more info on why this is important. But, if you just want the numbers, here you go. First, the median consensus: Taking a look at the range of expectations compared to the median consensus (the 'expected' in the screenshot above) for the key data points: Headline NFP number: 190,000 to 303,000 Unemployment rate: 3.8% to 3.9% Average hourly earnings m/m: 0.3% to 0.4% Average hourly earnings y/y: 4.0% to 4.1% *** For ISM Services the range is 50.5 to 52.5 *** Why is knowledge of such ranges important? Yeah, see that linked post above. This article was written by Eamonn Sheridan at www.for... .. read more..
What are the Fed odds looking like ahead of the US jobs report?
Friday, May 3,2024,07:25
As a whole for this year, traders are now looking at 40 bps worth of rate cuts. That is a step up from earlier this week, where it was roughly 31 bps. As for the timing of the first rate cut, a 25 bps move is now fully priced in for November at least. The odds of a move in September are at ~78% currently and that will be the one to watch. The US jobs report will be the first key hurdle today followed by the ISM services PMI. Those will be two key drivers that will influence the Fed pricing above. A move in June and July can be safely ruled out at this stage. So, all eyes will be on whether the Fed will have enough to work with to start acting in September. And if not, we'll have to see if... .. read more..
Italy Jobless Rate Falls To 7.2%, Lowest In Over 15 Years
Friday, May 3,2024,06:50
Italy's unemployment rate decreased to the lowest level in more than fifteen years in March after rising slightly in the previous month, the statistical office ISTAT reported Friday. .. read more..
Small businesses are racking up credit card debt, raising some concerns
Friday, May 3,2024,06:00
High inflation is forcing more small businesses to rely on credit cards to finance their operations, according to new data published by Bank of America. .. read more..
Share of gig workers hit a new high in March
Friday, May 3,2024,06:00
A new report by the Bank of America Institute found that the share of bank customers who received income from gig work hit a new high of 3.8% in March after a lull in 2023. .. read more..
UK Services Growth Strongest In 11 Months
Friday, May 3,2024,05:16
The UK service sector expanded at the quickest pace in nearly a year, spurred by a renewed strengthening of order books, final data from S&P Global showed on Friday. .. read more..
Eurozone March unemployment rate 6.5% vs 6.5% expected
Friday, May 3,2024,05:00
Prior 6.5% No change to the jobless rate as the euro area labour market continues to hold up in light of the economic slowdown since last year. With the economy on the up now, that will be added comfort for the ECB as the impact on employment conditions have been rather minimal. This article was written by Justin Low at www.forexlive.com. .. read more..
UK Final April S&P Global Services PMI 55.0 vs. 54.9 expected
Friday, May 3,2024,04:30
UK Services PMI 55.0 vs. 54.9 expected and 53.1 prior. UK Composite PMI 54.1 vs. 54.0 expected and 52.8 prior. Key findings: Activity and new work rise at fastest rates for 11 months. Staff hiring remains subdued. Input cost inflation highest since August 2023. Comment: Tim Moore, Economics Director at S&P Global Market Intelligence, which compiles the survey: "Service providers benefited from improving business and consumer spending in April as more favourable demand conditions underpinned the greatest improvement in activity since May 2023. The latest survey results are consistent with the UK economy growing at a quarterly rate of 0.4% and therefore pulling further out of last year'... .. read more..
German engineering orders see stronger decline in March
Friday, May 3,2024,04:06
The manufacturing order books in Germany saw a deepening decline in March, as orders fell by 17% year-on-year in real terms. Domestic orders fell by 23% compared to a year ago while foreign orders fell by 15%. That being said, things need to be put into context a little. In March 2023, German manufacturing saw the biggest number of orders for the entire year. So, it is a relatively high base to compare it to. VDMA notes by taking that into consideration, perhaps there might be a sign that the downward trend in manufacturing orders have bottomed out. But we'll see. In January to March this year, orders are still down by 13% compared to the same period a year ago. This article was written b... .. read more..
French Industrial Output Falls Unexpectedly
Friday, May 3,2024,03:49
France's industrial production declined unexpectedly in March after rebounding in the previous month, data from the statistical office INSEE showed on Friday. .. read more..
It's going to a be a dull market until the US NFP and ISM Services PMI
Friday, May 3,2024,03:19
There's no market moving data in the European session (unless we get a big jump in the Eurozone unemployment rate). For this reason, we will likley see a rangebound price action heading into the US NFP release and the ISM Services PMI. In the big picture nothing has changed , therefore we need something that could change the current expectations to trigger a more sustained market reaction. The market is debating on two possible scenarios: Growth with slow disinflation to target and eventually the Fed cutting rates. Inflation stuck above target or a reacceleration with the Fed forced to eventually hike. Today's data could change or reinforce those expectations in the short term. So, what s... .. read more..
European equities open higher to start the day
Friday, May 3,2024,03:06
Eurostoxx +0.4% Germany DAX +0.5% France CAC 40 +0.4% UK FTSE +0.3% Spain IBEX +0.3% Italy FTSE MIB +0.3% European indices will be hoping for more of a bounce back after yesterday's fall. But the overall mood will rely on what we get from the US data later in the day. S&P 500 futures are still a little higher, up 0.2% currently. This article was written by Justin Low at www.forexlive.com. .. read more..
France March industrial output -0.3% vs +0.3% m/m expected
Friday, May 3,2024,02:46
Prior +0.2% It's a miss on estimates but this is very much lagging data since we already have the Q1 GDP figures. Besides that, this is also manufacturing data which is the smaller contributor to the French economy in general. This article was written by Justin Low at www.forexlive.com. .. read more..
Singapore Retail Sales Growth Eases To 2.7%
Friday, May 3,2024,02:40
Singapore's retail sales expanded at a slower pace in March, preliminary data from the Department of Statistics showed on Friday. .. read more..
European Economics Preview: Eurozone Jobless Data Due
Friday, May 3,2024,02:05
Unemployment figures from the euro area and Spain, and the purchasing managers' survey results for the services sector from the U.K. are the highlights on the economics front on Friday. Eurozone jobless rate is expected to remain steady at 6.5 percent in March. Eurostat is set to release the data at 05:00 am ET. .. read more..
Australian data - March housing finance higher: Home loans +2.8% m/m (expecte...
Thursday, May 2,2024,21:35
The data: Overall Housing finance +3.1% to its highest in 19 months. AUD/USD is a little higher, but its benefitting from USD slipping a little pretty much across the majors board. EUR, NZD, GBP, CHF, CAD ... and even the hapless JPY are all up This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Gilty, My Lord! Pension funds bond more with govt debt
Thursday, May 2,2024,21:13
NPS drives record investment in government bonds to 4.4%, totaling ₹4.67 lakh crore. Shift towards debt, influenced by market performance, particularly in fixed-income, reflects security-focused investment decisions amidst changing yield dynamics and retirement strategies. .. read more..
USD/JPY under and over 153.00
Thursday, May 2,2024,19:53
USD/JPY traded back to 153.00 in the US afternoon and bounced nicely to around 153.70 or so. Its subsequently dribbled back down again to below 153.00 and is just above there as I update. Worries / hopes (depending on your perspective) are of the Bank of Japan intervening again during the holiday session (Japan and China are out). This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Reminder - Japanese and Chinese markets are closed for a holiday today
Thursday, May 2,2024,19:51
China was out on Wednesday and Thursday, and is again today. Japan is out today and will be out on holiday again on Monday. Just a reminder ICYMI. Opportunity to catch up on some sleep. This article was written by Eamonn Sheridan at www.forexlive.com. .. read more..
Australia Services PMI Slips To 53.6 In April - Judo Bank
Thursday, May 2,2024,19:10
The services sector in Australia continued to expand in April, albeit at a slower rate, the latest survey from Judo Bank revealed on Friday with a services PMI score of 53.6. .. read more..
Australian April Services PMI (Final) 53.6 (prior 54.4)
Thursday, May 2,2024,19:02
Judo Bank S&P Global PMI Final for April 2024 Services 53.6 preliminary was 54.2, prior was 54.4 Composite 53.0 preliminary was 53.6, prior was 53.3 Still solidly in expansion for both. Not so for the other PMI released earlier this week: Australia April Manufacturing PMI 49.6 (flash was 49.9, prior 47.3) - From the services PMI report, in brief: Matthew De Pasquale, Economist at Judo Bank said: ongoing rebound in activity levels, continued employment growth, and improved business confidence services sector is driving the improvement in economic activity levels services sector ... continuing to expand headcounts, with the employment index indicating moderate employment growth in April... .. read more..
Australia Home Loan Data Due On Friday
Thursday, May 2,2024,18:03
Australia will on Friday release March figures for home loans, highlighting a light day for Asia-Pacific economic activity. In February, loans were up 1.6 percent on month and investment lending added 1.2 percent. .. read more..