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Australia's employment expected to increase by at least 15k - Capital Economics

FXStreet (Bali) - Paul Dales, Chief Economist Australia/NZ at Capital Economics, expects Australia's employment to have increased by at least 15,000 in March, with the announcement due at 1.30 GMT.

Key Quotes

Pretty much all the evidence suggests that employment in Australia grew by enough in March to prevent the unemployment rate from rising further (02.30 BST). We doubt this will continue for long, though.

The latest activity surveys suggest that labour market conditions remained broadly stable last month.

Indeed, our weighted average of the three AiG employment indices implies that employment increased by at least 15,000 in March.

If we are right in expecting the small contraction in the size of the labour force in February to be followed by a rebound in March, then the unemployment rate probably held steady at 6.3%.

Japan overcomes China as largest holder of US Treasuries

Japan has passed China as the largest holder of US Treasuries, standing at $1.2244tln in February this year, according to the U.S. Treasury Department monthly report, Bloomberg reports. China’s holdings were $1.2237 trillion as of February.
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UK election: Sun/YouGov poll shows Tories 34%, Labour 35%

The latest UK election Sun/YouGov poll shows Tories at 34%, while Labour is 1bp ahead with 35%.
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