U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
Asia’s IPO Market Set for Strong Growth as China and India Drive Investor Diversification 
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 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
The underlying trend in Australia’s labor market is expected to remain firm, given the whole economic output growth is likely to remain strong. But the sample rotation indicates towards a weak labor market report in June as the outgoing group had an above-average employment-to-population ratio and a jobless rate that was a full percentage point lower than the average throughout the whole sample.
Therefore, employment is expected to have increased by just 6000, equivalent to an annualized rate of only 0.6 percent, noted Societe Generale in a research report. But the year-on-year rate is expected to remain at 1.9 percent and therefore quite above the growth rate of the working age population that is currently at 1.5 percent.
The joblessness is expected to have increased by around 4000, pushing up the jobless rate by 0.1 percentage points to 5.8 percent, given such weak employment growth in the month, according to Societe Generale.
“Our June forecasts will leave the quarter-on-quarter employment growth rate at 1.1 percent annualised, up slightly from the 0.8 percent rate in 1Q but far below the average rate of 2.7 percent in 2015”, added Societe Generale.
