Australia's June Unemployment Holds Steady at 4.4%
Australia's unemployment rate for June 2026 remained at 4.4%, aligning with market expectations, despite significant job creation.
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Australia's unemployment rate for June 2026 remained at 4.4%, aligning with market expectations, despite significant job creation.
The People's Bank of China (PBOC) established the yuan's daily reference rate at 6.7906 against the US dollar.
Crude oil prices advanced to a six-week peak as escalating geopolitical risks threatened key shipping lanes in the Middle East.
Reuters anticipates the People's Bank of China will set the USD/CNY reference rate at 6.7712, a key gauge for Asian FX markets.
Yemen's Houthi rebels assert responsibility for targeting two Saudi oil tankers in the Red Sea, citing a breach of their declared blockade.
US Trade Representative Jamieson Greer aims for interim trade agreements with Canada and Mexico by year-end, despite recent tariff escalations.
Iran's Foreign Minister stated Tehran would reciprocate any US attack on its infrastructure, following President Trump's threats regarding the Strait of Hormuz.
Gold (XAU/USD) saw a price increase to trade above $4,100 early Thursday, driven by sustained safe-haven demand.
Upcoming Australian jobs data is anticipated to show a stable unemployment rate, but analysts point to increasing underemployment.
Recent Houthi actions against Saudi oil tankers in the Red Sea have heightened concerns over maritime security and crude oil supply.
A significant US military buildup in the Middle East is increasing geopolitical risk, with potential implications for global oil markets.
Ongoing military actions in the Middle East, including US strikes, are contributing to sustained higher crude oil prices.
Billionaire investor John Paulson suggests gold's recent ascent is just the beginning of a prolonged bullish trend.
Australia's June employment report is due, with analysts anticipating steady unemployment and modest job growth, influencing RBA rate hike expectations.
Alphabet reported robust Q2 earnings per share, significantly surpassing analyst expectations, partly driven by the increased value of its AI investment.
A formal agreement for US civilian nuclear technology exports to Saudi Arabia has been signed, now awaiting US congressional approval.
The Philippine Peso is experiencing downward pressure, prompting central bank intervention as global oil prices continue their upward trend.
Geopolitical developments in the Middle East are pushing oil prices higher, while major US stock indices concluded the day with losses.
Tesla's second-quarter earnings per share missed expectations, primarily due to lower gross margins, despite revenue exceeding forecasts.
US stock benchmarks concluded the trading day with declines after failing to sustain earlier gains, as key tech earnings emerged.
Alphabet reported robust second-quarter results, surpassing analyst estimates, driven by strong performance in its cloud division and increased AI adoption.
Tesla reported second-quarter adjusted earnings per share significantly below analyst consensus, leading to a modest decline in its stock price.
UOB analysts suggest the Singapore Dollar (SGD) may continue to weaken against the US Dollar (USD), with USD/SGD trading above 1.29.
Australia's latest labor market data is anticipated to show a stable unemployment rate, maintaining its historically low level.
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