unemployment

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market was hammered due to strengthening USD after US Fed minutes pointed to rate rise cycle. The rising USD took down commodity prices and currencies everywhere. Resources were the most beaten up today and that may last a few more weeks as every US data confirming potential rate rise... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market was directionless with US being closed and gave up the early slight optimism to finish slightly in the red. The market today is best explained through two stocks on either end of sentiment spectrum. SGH has had its life beaten out of it for what market sees as... Show More

Sunset Strip | Aussie Afternoon Institutional Market Wrap

Mathan Somasundaram

Aussie market ran into unexpected ANZ cap raising and higher than expected unemployment and came out second best. Investors were selling the banks as the other three could be doing the same anytime soon as well as funding source for ANZ raising. The macro scene was not great with unemployment... Show More

HSBC: Australian jobs market improving : Unemployment rate falls further

Livewire News

Australia's jobs numbers surprised the market significantly to upside. Employment rose by +42k in May (market had +15k) and the unemployment rate fell to 6.0% (market had 6.2%). Most importantly, it is becoming increasingly likely that the unemployment rate may have passed it peak. In previous cycles, this has marked... Show More

Australian unemployment rate falls

James Marlay

Unemployment figures have just been released from the ABS with the full release here: http://www.abs.gov.au/ausstats/abs@.nsf/mf/6202.0?OpenDocument . Certainly no alarm bells in the headline figure with the seasonally adjusted unemployment rate falling 0.2 pts to 6.0%. The report states; "Employment increased 42,000 to 11,759,600. Full-time employment increased 14,700 to 8,128,600 and... Show More

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Minack: The one indicator I’m watching

Livewire News

Gerard Minack has given a comprehensive interview to the ABC covering recession, politics, property bubbles, equities and Greece. Minack says Australia is unlikely to see a recession this year but it is still on the cards for CY16/17. “The one indicator I'm watching I think, stands head and shoulders above... Show More