UNEMPLOYEMNT REMAINED AT FIVE POINT FOUR PER CENT AGAINST EXPECTATIONS IT WOULD RISE. OVER TEN-THOUSAND JOBS WERE ADDED ... ALSO WELL ABOVE EXPECTATIONS... ALL PART TIME ROLES. AND THERE ARE SIGNS MORE PEOPLE ARE GIVING UP ON LOOKING FOR WORK... WITH THE PARTICIPATION RATE FALLING TO 65 PER CENT. NAB CHIEF ECONOMIST ALAN OSTER SAYS THE ECONOMY IS WEAKENING.

TAKING A LOOK AT MARKET REACTION. THE DOLLAR DIPPED BELOW 103 US CENTS FOR THE FIRST TIME SINCE OCTOBER LAST YEAR... FOLLOWING THE RELEASE. ITS NOW WORTH JUST ABOVE THAT. THE MARKET TURNED AROUND EARLIER LOSSES. THE ASX 200 FINISHED UP A THIRD OF A PER CENT. LOOKING ACROSS THE REGION... MARKETS MOSTLY DOWN LED BY JAPAN WHICH IS OFF OVER 1 PER CENT.... AND IN COMMODITIES, GOLD IS EDGING HIGHER IN LATE TRADE.

MAJOR BETTING COMPANIES ARE REACTING TO THE DAMNING DRUGS IN AUSTRALIAN SPORT REPORT... AND THE RIGGING OF SOCCER MATCHES GLOBALLY. THE CHIEF EXECUTIVE OF TABCORP SAYS COMPANIES AND REGULATORS HAVE TO WORK TOGETHER TO IMPROVE SYSTEMS.

 

Advertisement