Australia Jobless Rate Steady At 5.3%

The unemployment rate in Australia came in at a seasonally adjusted 5.3 percent in August, the Australian Bureau of Statistics said on Thursday. That was in line with expectations and unchanged from the previous month. The Australian economy added 44,000 jobs in August, beating forecasts for an increase of 18,000 following the loss of 3,900 ...

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Japan Core Machine Orders Soar 11.0% In July

Core machine orders in Japan surged a seasonally adjusted 11.0 percent on month in July, the Cabinet Office said on Thursday – coming in at 918.6 billion yen. That beat expectations for a gain of 5.5 percent following the 8.8 percent slide in June. On a yearly basis, core machine ...

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Australia Unemployment Data Due On Thursday

Australia will on Thursday release unemployment figures for August, highlighting a busy day for Asia-Pacific economic activity. The jobless rate is expected to hold steady at 5.3 percent, with the addition of 18,000 jobs following the loss of 3,900 jobs in July. The participation rate is called at 65.6 percent, ...

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Treasuries Close Modestly Higher Following Producer Price Inflation Data

After ending the previous session notably lower, treasuries regained some ground during the trading day on Wednesday. Bond prices moved higher early in the session and remained positive throughout the day. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, dipped by 1.4 basis points ...

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Oil Settles Higher On Falling Supplies, Hurricane Fears

Crude oil prices climbed higher on Wednesday, aided by data from the U.S. Energy Information Administration that showed a notable drop in crude inventories last week. Concerns about the likely impact of hurricane Florence, that is moving towards the east coast of the United States, and U.S. sanctions on Iran ...

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Beige Book Says U.S. Economy Expanded At Moderate Pace

A report released by the Federal Reserve on Wednesday said the U.S. economy expanded at a moderate pace through the end of August. The Fed’s Beige Book is a compilation of anecdotal evidence on economic conditions in the twelve Fed districts released shortly before the central bank makes its decision ...

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Ten-Year Note Auction Attracts Average Demand

Continuing this week’s series of long-term securities auctions, the Treasury Department sold $23 billion worth of ten-year notes on Wednesday, attracting average demand. The ten-year not auction drew a high yield of 2.957 percent and a bid-to-cover ratio of 2.58. Last month, the Treasury sold $26 billion worth of ten-year ...

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U.S. Producer Prices Unexpectedly Edge Lower In August

Producer prices in the U.S. unexpectedly saw a modest decrease in the month of August, according to a report released by the Labor Department on Wednesday. The Labor Department said its producer price index for final demand edged down by 0.1 percent in August after coming in unchanged in July. ...

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