Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
BOJ Governor Ueda Highlights Uncertainty Over Future Interest Rate Hikes 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Gold Prices Edge Higher as Markets Await Key U.S. PCE Inflation Data 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Spain’s Industrial Output Records Steady Growth in October Amid Revised September Figures 
China’s Services Sector Posts Slowest Growth in Five Months as Demand Softens 
Citi Sets Bullish 2026 Target for STOXX 600 as Fiscal Support and Monetary Easing Boost Outlook 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
In October 2024, Australia saw a small increase in jobs, adding 15,900 new positions. This brought the total number of people working to about 14.54 million. However, this growth is much slower than in previous months; for example, September gained 61,300 jobs, and August added 45,800 jobs.
The unemployment rate in Australia stayed at 4.1%, the same as in earlier months. However, the participation rate, which measures how many people are either working or looking for work, went down slightly from 67.2% to 67.1%. This suggests that while some more people found jobs, the number of people entering the job market didn't keep up.
Economists have noticed this slowing job growth and are concerned. The Reserve Bank of Australia (RBA) predicts that the unemployment rate might rise to 4.3% by the end of the year due to this trend. Additionally, there was a drop in wage growth, which fell to an annual rate of 3.5% in the September quarter, down from 4.1% earlier in the year.
Overall, while there are more people employed, the rate of job growth is slowing, indicating potential difficulties ahead for Australia’s job market as it adapts to changes in the economy.
Major levels to watch
Resistance- 0.6525
Support-0.64630
