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- Warby Parker reports surprise loss and revenue that misses, but reiterates full-year guidance
- Wingstop signs agreement to open 60 restaurants in South Korea over a 10-year period
- Chimerix stock surges after deal to sell smallpox treatment Tembexa for up to $337.5 million, plus royalties
- Coronavirus tally: U.S. cases at highest levels since last November and in Northeast and Midwest are above last summer's peak
- McDonald's to exit Russia by selling restaurants to local buyer, expects to book $1.2 billion to $1.4 billion charge
- Diamondback Energy to buy Rattler Midstream in a stock deal valuing Rattler at about $2.2 billion
- Stocks end higher Friday, but Dow books worst 7 weeks of declines in two years
- Biden on baby-formula shortage: 'There's nothing more urgent we're working on than that right now'
- Investors exhibit panic-like buying as stock market bounces
- Amazon stock bounces, but is still headed for the longest weekly losing streak in 14 years
Impressive Aussie jobs data
March 13, 2014 — Mitul KotechaShare this blog
ECONOMETER 
Leave a Reply