简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:Australia's economy experienced sluggish growth, with the Gross Domestic Product expanding by only 0.2% in the fourth quarter of 2023, below the anticipated 0.3%. This marked the fourth consecutive quarter of disappointing figures. In April, the ADP jobs report showed the inclusion of 192,000 nonfarm private jobs, slightly lower than March's 208,000, but still exceeding expectations of 179,000. Despite a minor slowdown in job creation, this indicates the labor market's enduring strength. In...
The Week Ahead: Week of 3June(GMT+2)
Non-Farm Payrolls Report: Market Movers Ahead?
Tuesday, 4 June2024, 03:30
Australia GDP (QoQ) (Q1)
Australia's economy experienced sluggish growth, with the Gross Domestic Product expanding by only 0.2% in the fourth quarter of 2023, below the anticipated 0.3%. This marked the fourth consecutive quarter of disappointing figures. Domestic demand was weak, as household spending on essentials showed a modest rise while discretionary spending decreased. With the economy continuing to slow and consumers feeling the pinch from high living costs and mortgage payments, it is anticipated that future data will indicate ongoing economic subduedness.
Wednesday, 5 June2024, 14:15
U.S. ADP Nonfarm Employment Change
In April, the ADP jobs report showed the inclusion of 192,000 nonfarm private jobs, slightly lower than March's 208,000, but still exceeding expectations of 179,000. Despite a minor slowdown in job creation, this indicates the labor market's enduring strength. As it steadily recovers from post-pandemic disruptions and maintains strong gains, market observers expect continued positive job growth in the private sector.
Wednesday,5June2024, 15:45
BoC Interest Rate Decision
In April, the Bank of Canada maintained its benchmark interest rate unchanged for the sixth consecutive time since July as the central bank expressed its intention to monitor whether the slowdown in inflation persists before considering any rate cuts during previous meeting. While Bank of Canada officials had previously noted that a rate cut in June was possible, analysts anticipate that the central bank will keep the rate steady, given its preference for inflation to hover around 2%, which is currently at 2.7%.
Friday,7June2024, 14:30
US Nonfarm Payrolls (May)
In April, U.S. job growth slowed more than expected, with nonfarm payrolls increasing by just 175,000 jobs, compared to 315,000 in the previous month. This represents the slowest job growth in six months and falls short of expectations. With the labor market shows signs of cooling and the balance between the supply and demand for U.S. workers improves, it is likely that upcoming reports will continue to reflect slow growth.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
The UK general election 2024 was held on Thursday, and while the results are yet to be finalized, the Labour Party is poised to win a majority, ending the Conservatives' 14-year rule. The UK's equity market index, FTSE 100, edged higher in the last session, while the Pound Sterling remained steady. The Labour Party is expected to focus more on fiscal policy and economic development through expanding the country's sovereign debt, which may strengthen the Pound Sterling.
EUR/USD Price, Chart, and Analysis
● AUD/JPY bounces off intraday low but prints daily loss for the first time in six days. ● NSW refreshes highest covid infections since March 2020, Victoria ends lockdown. ● Bears also cheer US Senators’ jostling over President Joe Biden’s infrastructure spending proposal, cautious mood ahead of the key data/events. ● BOJ’s Kuroda, RBA’s Debelle and risk catalysts will be crucial for fresh impulse.
Fed’s Powell Says Market, as Exemplified by Dogecoin, Is ‘a Bit Frothy’