Australian bonds slump after U.S.-China trade tension disturbs investors once again; Sep labour report disappoints
EM Asian currencies likely to prop up as U.S. and China remain on track to reach a partial trade deal, says Scotiabank
U.K. headline inflation remains unchanged at 1.7 pct in September, likely to stay below 2 pct in near-term
Australian bonds flat in muted session after market sentiments improve following breakthrough Brexit deal
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Australia’s rise in September employment remains smallest in seven months; jobless rate likely to drift higher in near-term
Swedish jobless rate remains unchanged at 7.4 pct in September, wage growth unlikely to pick up soon
Hong Kong labor market likely to remain tight, jobless rate to have stayed at 2.8 pct in Jan
Hong Kong’s economy grew 3.5 percent year-on-year in the first nine months. Thanks to the economic growth, the labor market is likely to remain tight, noted DBS Bank in a research report. Recovery in inbound tourism and domestic consumption should underpin the labor market.
The seasonally-adjusted jobless rate is projected to remain at a 20-year low of 2.8 percent. Looking forward, the external uncertainties including the Sino-U.S. trade friction and global economic slowdown warrant particular concerns.
“The demand for labor, of which over 10 percent comes from the import/export trade and wholesale sectors, is set to slow”, added DBS Bank.