Asian markets will be watching the Reserve Bank of Australia’s rate decision, as well as China’s inflation data later this week.
New Zealand trade expands in second quarterexpanded in the quarter ended June, with total trade coming in at 51.8 billion New Zealand dollars, 4.9% higher compared with June 2022.
A Fidelity fund that invests billions of dollars into a China-related strategy is on track to outperform its peers this year for a second straight year, according to Morningstar. The jobless rate was expected to be 3.5%, according to economists polled by Dow Jones, equal with what it was in the prior month. Average hourly earnings rose 0.24% for the month, or 4.29% year-over-year. That was less than the 4.4% increase expected by economists.
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