Wayne Cole

2 weeks ago | gurutrade.com | Stella Qiu |Wayne Cole |Saad Sayeed

SYDNEY, May 22 (Reuters) - Australian exporters are upbeat on their business outlook in China as U.S. tariffs could enhance their competitive edge in Chinese markets, a top central bank official said on Thursday. In a speech in Sydney, Reserve Bank of Australia (RBA) Deputy Governor Andrew Hauser said that during a recent trip to China he found confidence that Beijing would do what was needed to sustain economic growth.

3 weeks ago | gurutrade.com | Stella Qiu |Wayne Cole |Jacqueline Wong |Shri Navaratnam

April employment +89,000, vs forecast +20,000 Driven by female employment, participation rate back to 67.1% Jobless rate steady at 4.1%, hours worked flat May rate cut still expected, but further easing may be gradual SYDNEY, May 15 (Reuters) - Australian employment blew past expectations in April in a sign of strength that lessens the need for aggressive stimulus, but markets still expect an interest rate cut next week as slowing inflation allows policymakers to respond to rising global...

Feb 20, 2025 | gurutrade.com | Wayne Cole |Kim Coghill |Jamie Freed

Employment jumps 44,000, twice market forecasts Jobless rate rise to 4.1%, mostly a statistical quirk Labour market may be too 'tight' for RBA, though wages say otherwise SYDNEY, Feb 20 (Reuters) - Australia's unemployment rate ticked higher in January even though job creation handily outpaced forecasts, data showed on Thursday, a mixed outcome that does little to clarify the outlook for further cuts in interest rates.

Feb 11, 2025 | gurutrade.com | Wayne Cole |Jamie Freed

SYDNEY, Feb 11 (Reuters) - A measure of Australian business activity eased in January as sales and profits softened, a survey showed on Tuesday, though confidence got a boost amid hopes for a near-term reduction in borrowing costs. The survey from National Australia Bank (NAB) showed its index of business conditions fell 3 points to +6 in January, reversing gains made the previous month. The volatile confidence index bounced to +4, from -2, the highest reading since October.

Jan 16, 2025 | gurutrade.com | Stella Qiu |Wayne Cole |Himani Sarkar |Edwina Gibbs

Net employment jumps by 56,300, beats consensus of 15,000 Jobless rate rises to 4.0% from 3.9% as more people look for work Participation rate hits record high, hours worked rose 0.5% SYDNEY, Jan 16 (Reuters) - Australian employment sped past forecasts in December although the jobless rate ticked higher as many more people went looking for work - the combination of trends signalling a healthy labour market that leaves alive the chance of a near-term cut in rates.