Australian Full Time Employment Chg (Feb) -30.5K vs. Exp. 3K (Prev. 50.5K)
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PRE-MARKET CHINESE STOCKS NEWS: Tencent (700 HK) Q4 (CNY) net 64.69bln (exp. 64.93bln), operating profit 60.34bln (exp. 60.45bln), rev. 194.3bln (exp. 194.1bln), international games business surpassed USD 10bln in annual revenue for the first time
RBA FSR states Australia's financial system is well placed to handle an increasingly uncertain global environment and most borrowers are in a solid financial position and able to manage rise in cost pressures, though some will face increasing challenges
Australian Full Time Employment Chg (Feb) -30.5K vs. Exp. 3K (Prev. 50.5K)
NZIER says RBNZ could raise rates in July
Qatar says it is dealing with a fire at the Ras Laffan industrial area due to a second attack
On the Newsquawk feed at , 20 minutes before this page.
Context
The sharp decline in Australian full-time employment, dropping by 30.5K versus expectations of a 3K increase, suggests a significant shift in the labor market dynamics. This could indicate weakening economic conditions in Australia, which might influence the Reserve Bank of Australia’s stance on monetary policy, potentially leading to a bearish outlook for the AUD against major currency pairs, particularly the USD.
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