Australian Part Time Employment Chg (Feb) 79.4K vs. Exp. 7K (Prev. -32.7K)
The substantial increase in Australian part-time employment for February, coming in at 79.4K compared to a mere expectation of 7K (and a prior decline of -32.7K), suggests a robust recovery in the labor market.
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 Part Time Employment Chg (Feb) 79.4K vs. Exp. 7K (Prev. -32.7K)
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
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This strong print may bolster confidence in economic resilience and could lead to speculation about tighter monetary policy as the RBA assesses growth and inflation dynamics.
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