News Column

Australia Jobless Data On Tap For Thursday

June 11, 2014



CANBERA (Alliance News) - Australia will on Thursday release May figures for unemployment, highlighting a busy day for Asia-Pacific economic activity.

The jobless rate is expected to rise to 5.9% from 5.8% in April, while the economy is expected to add 10,000 jobs following the addition of 14,200 in the previous month.

Australia also will see April figures for credit card purchases and balances; in March, they were at AUD23 billion and AUD49.8 billion, respectively.

Japan will provide April numbers for machine orders, with analysts expecting a decline of 10.8% on month and a gain of 13.3% on year. That follows the 19.1% monthly spike and the 16.1% annual increase in March.

The Bank of Korea will conclude its monetary policy meeting and then announce its decision on interest rates; the central bank is widely expected to keep rates on hold at 2.50%.

The central bank of Indonesia will finish its monetary policy meeting and then announce its decision on interest rates; the bank is tipped to hold rates steady at 7.50%.

Finally, stock markets in the Philippines will be closed on Thursday in observance of Independence Day.



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Source: Alliance News


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