Feb employment rose 47.3k in Australia, much bigger than expected (consensus 15k) while the unemployment rate remained at 6%. The components were positive, with full time employment rising by 80.5k and part time employment dropping by 33.3k. The participation rate rose to 64.8% too. AUD rallied following the release of the data and looks set to consolidate gains. However, upside may still be limited given the various headwinds of higher risk aversion and lower commodity prices, with AUD/USD 0.9133 set to act as near term resistance.
MarketWatch.com – MarketPulse- Dow ends 826 points higher Tuesday, stocks post big back-to-back gains
- S&P 500, Dow head for longest stretch of outsize moves since April 2020
- U.S. oil futures settle at a nearly 3-week high on bets for a significant OPEC+ output cut
- Cruise stocks lead S&P 500 in gains, as Carnival sees biggest gain in 23 months
- DeSantis to brief Biden in Florida about hurricane recovery on Wednesday, White House says
- DXC Technology confirms preliminary talks about a potential acquisition
- Gold futures end at a 3-week high; silver prices at highest since June
- Tesla stock pulls way back after report CEO Elon Musk willing to buy Twitter at original bid price
- SPAC backing Trump's Truth Social hit by news Musk is again offering to acquire Twitter at original price
- Starwood Capital in deal with EV charging company EnviroSpark to add 400 charging stations at 80 multi-family home properties
Impressive Aussie jobs data
March 13, 2014 — Mitul KotechaShare this blog
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