Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
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Singapore Growth Outlook Brightens for 2025 as Economists Flag AI and Geopolitical Risks 
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Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Asian Currencies Trade Sideways as Dollar Weakens Ahead of Key U.S. Data 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Canada Signals Delay in US Tariff Deal as Talks Shift to USMCA Review 
Gold and Silver Prices Dip as Markets Await Key U.S. Economic Data 
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Australia's employment data for November 2024 shows a strong performance in the job market, with several important highlights:
Job Creation: In November, 35,600 more people found jobs, which is a big increase compared to only 12,100 jobs added in October and higher than the expected 25,000 new jobs. This brings the total number of employed Australians to about 14.54 million people .
Unemployment Rate: The unemployment rate dropped to 3.9%, down from 4.1% in October. This was lower than the expected increase to 4.2% and marks the lowest rate since March 2024.
Participation Rate: The percentage of people in the labor force went down slightly to 67.0%, from 67.1% in the previous month
Full-Time vs. Part-Time Employment: Full-time jobs increased by 52,600, while part-time jobs decreased by 17,000 compared to October
These positive employment figures have led to the Australian Dollar strengthening against the US Dollar, which suggests that the strong job performance may impact future decisions on interest rates by the Reserve Bank of Australia (RBA) 24.
