Australian Part Time Employment Chg (Jan) -32.7K (Prev. 10.4K)

The drop in Australian part-time employment by 32.7K contrasts sharply with the previous gain of 10.4K, indicating a notable shift in the labor market.

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US gathers the greatest amount of air power in the Middle East since the 2003 Iraq invasion and President Trump is being briefed on military options for striking Iran, even as aides hold talks with the Iranian regime, according to WSJ

Israeli Defense Forces announced they struck Hezbollah infrastructure sites in southern Lebanon, according to Sky News Arabia

Australian Part Time Employment Chg (Jan) -32.7K (Prev. 10.4K)

Iraqi Foreign Minister says any alternative to US-Iran deal would be disastrous, and they may not be able to export their oil if war breaks out in the region

US President Trump is scheduled to deliver remarks on the economy at 16:00EST/21:00GMT on Thursday.

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This significant downturn may raise concerns about economic strength and could influence the Reserve Bank of Australia's policy decisions, particularly around interest rates, as it reflects potential weakness in consumer spending and overall economic activity.

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