China NBS Non-Manufacturing PMI above forecasts (50) in August: Actual (50.3)

Data from the Australian Bureau of Statistics (ABS) reflected the resilience of Australia’s labor market amidst an elevated interest rate environment. The economy added a net 47.5K jobs in August, higher than the expected 28.0K increase and only slightly lower than July’s downwardly revised 48.9K uptick. The gains came mostly from part-time employment though full-time…

CTV reports that Canada was notified earlier today that the US will place 25% tariffs on Canada and Mexico while China will be hit with 10% tariffs. Canadian energy will be tariffed at 10%. The tariffs will take effect on Tuesday and will stay in place until the fentanyl overdose “issue is sorted”. Canada’s cabinet…

By Alden Bentley NEW YORK (Reuters) -The dollar fell broadly on Wednesday in thin pre-holiday trade, digesting a slew of indicators that underscored U.S. economic resilience while investors assessed the risk that President-elect Donald Trump will start a tariff war no one will win. The decline further unwound the dollar’s recent rally. Few traders were…

The RBA is widely expected to keep policy unchanged for now, but what if they deliver a surprise rate cut or a dovish hold? Our Event Guide for the RBA Decision points out that the latest jobs report from Australia came in much weaker than expected and could be enough reason for policymakers…