Australian Participation Rate (Feb) 66.9% vs Exp. 66.7% (Prev. 66.7%)
The Australian participation rate for February printed at 66.9%, slightly beating expectations of 66.7% and matching the previous month's figure.
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 Participation Rate (Feb) 66.9% vs Exp. 66.7% (Prev. 66.7%)
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 suggests a stable labor market, which could imply resilience in employment conditions and support a positive outlook for economic activity. Traders should monitor how this impacts perceptions of monetary policy, particularly around rates, as continued strength might reduce the urgency for easing measures.
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