Australian shares are set to edge up, even as the S&P 500 and Nasdaq pulled back from session highs. Apple, Alphabet, Amazon to report after the closing bell.
Here are what some strategists/economists expect when the January US jobs report is released at 12.30am AEDT on Friday.: “We project payroll gains to have stayed largely unchanged vs December, posting a still solid 220k increase in January. Both the unemployment rate and average hourly earnings should have remained steady: the former at a decades-low 3.5 per cent, and the latter printing a 0.3 per cent m/m gain.
“Average hourly earnings growth will likely moderate further to 0.2 per cent in monthly terms and 4.2 per cent in year-over-year terms from 4.6 per cent in December and 5.6 per cent at their peak last March.”: ”The February 3 payroll release will provide important information on how well job gains are withstanding policy lags. We look for 175k in net new jobs. A stronger print would pose upside risk to our call for a March pause.”: “We expect the January employment report ...
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
BetMakers scraps extra bonus for gambling mogul Matt TrippThe ASX-listed company became the focus of the exchange’s compliance officers over the so-called “Tripp payment”.
Read more »
ASX Live: Australian shares to rise as Wall Street advancesAustralian shares are poised to open higher, following Wall Street’s lead. Data bolsters case for US rate step-down. $A slips, RBA speaks at 10.40am.
Read more »
ASX Live: Australian shares to rise, US stocks higher on hopes rate peak nearAustralian shares, in sync with New York, turned positive. Fed lifts rates 0.25pc, signals rate rises will end soon. US 10-year yield plunges. $A leaps. Follow for updates.
Read more »
Live: US stocks up after wage growth data, ASX to followThe latest US labour data shows wages are growing more slowly than expected, which is a sign the economy is cooling. Follow the day's events and insights from our business reporters on the ABC News live markets blog.
Read more »
Aussie jeweller Lovisa and its $21m CEO eye ASX stardomThe ASX’s hottest retailer is up 13-fold since 2022 and investors argue its high returns and aggressive global rollout plans mean it has further to climb.
Read more »
ASX adds 0.3pc to nine-month high as Flight Centre takes offFlight Centre surged 8.1 per cent as it returned to trading, and the big miners advanced as iron ore prices hovered at a seven-month high.
Read more »