Australian salaries grew at a much slower pace than inflation in the three months through June, suggesting the economy will avoid a wage-price spiral and the Reserve Bank is likely to stand pat for a third straight meeting. The Wage Price Index advanced 3.6% from a year earlier,...
Japan's service sector activity expanded at a slightly slower pace in July as new business growth eased and cost pressures remained high, but the overall performance of the sector stayed solid amid the fading impact of COVID-19, a private-sector survey showed on Thursday. The final au...
Japan’s unemployment rate fell in June, feeding into optimism that upward pressure on wages may persist and help Bank of Japan Governor Kazuo Ueda achieve his goal of sustainable inflation. The jobless rate fell to 2.5%, the ministry of internal affairs said Tuesday, the lowest since January. Economists...
European stocks gained on a busy day of earnings reports and ahead of a decision from the region’s central bank, while traders increasingly bet that the Federal Reserve is close to the end of its tightening cycle. Barclays shares slumped after its second-quarter trading revenue fell 41%. The Stoxx...
US new-home sales declined in June for the first time in four months, suggesting high borrowing costs and prices are restraining momentum in the market. Purchases of new single-family homes fell 2.5% to an annualized 697,000 pace after a downward revision to the prior month, government data showed...
/*! elementor - v3.14.0 - 26-06-2023 */ .elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}Australian inflation slowed more than expected in the June quarter thanks to falls in the cost of holidays and petrol, suggesting less pressure for another hike in interest rates.Data from the Australian Bureau...