News
Australia’s unemployment rate drops, impacting interest rates
Australia’s unemployment hits 3.9%, challenging rate cut prospects; strong jobs growth influences RBA’s inflation outlook and future rate decisions.
Australia’s unemployment rate fell to 3.9% last month, highlighting a robust job market and influencing interest rate forecasts.
The Australian Bureau of Statistics reported an increase of 35,600 jobs, marking the unemployment rate’s first decline below 4% since March.
Economists attribute this growth primarily to expansion in public service and government-funded roles in healthcare and education.
Source: AFR/ABS
Following the job report, Australian shares lost momentum while the local dollar rose by 0.7%, reflecting positive market reactions.
Despite the strong job numbers, Reserve Bank of Australia Governor Michele Bullock indicated a potential cash rate cut from 4.35% as early as February, suggesting confidence in returning inflation to the target range.
New expectations
This shift in the RBA’s stance revives expectations for a pre-election rate cut by the Albanese government, which had seemed unlikely amid solid job data.
NAB’s head of market economics, Tapas Strickland, noted that the employment figures may challenge the RBA’s confidence in its inflation projections.
The current unemployment rate averages 4% this December quarter, below the RBA’s prediction of 4.3%.
Betashares chief economist David Bassanese suggested that the strong employment report diminishes chances for a February rate cut, with May seen as a more likely time for adjustment post-election.
Crypto
Bitcoin rally raises sustainability fears
Bitcoin surges past $124K, gaining $1,300 in 24 hours, but analysts warn of fading momentum amid weakening network activity.
Bitcoin surges past $124K, gaining $1,300 in 24 hours, but analysts warn of fading momentum amid weakening network activity.
Bitcoin has surged past $124,000, adding more than $1,300 in just 24 hours, one of its strongest rallies this quarter.
But analysts warn the momentum could be fading, as on-chain data shows network activity weakening despite rising prices.
#bitcoin #money #bitcoinsurge #tickernews
News
New Ticker TV show The Connector launches to bridge Australia-UK
Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK ties through insightful conversations
Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK ties through insightful conversations
– Ticker Studios launches The Connector, hosted by Belinda Coates, enhancing Australia-UK opportunities through dialogue.
– It comes as Prime Minister Albanese promotes strong ties with London, emphasising cultural and economic connections between the nations.
Belinda Coates brings extensive experience in executive and advisory roles across various sectors. She is driven to reshape industries and create opportunities on both sides of the world.
Ahron Young, CEO of Ticker Studios, stated that now is the ideal time to highlight the talent and capital flowing between Australia and the UK. The Connector aims to spotlight innovators and changemakers bridging industries and borders.
“With so much talent and capital flowing between Australia and the UK, this is exactly the right time to tell these stories. The Connector will spotlight the innovators, leaders, and change-makers building bridges across industries and borders.”
Focus on people
Coates explained the programme’s focus on people, showcasing visionaries shaping the future and exploring collaboration’s role in generating opportunities. The show aims to inspire with stories highlighting resilience, growth, and ambition.
“This show isn’t about dry trade figures or policy—it’s about people. We’ll showcase the visionaries shaping the future in both countries, explore how collaboration sparks opportunity, and inspire audiences with stories of resilience, growth, and shared ambition.”
The Connector will debut on Ticker’s global streaming network this month, with new episodes released weekly. It will feature guest experts from various sectors, addressing relevant topics like housing affordability and building stock revitalisation.
News
Big tech’s influence on copyright threatens Australian creators
Michael Miller warns AI’s data exploitation may harm journalists’ rights, reminiscent of past tech threats to Australian media. #bigtech #ai
Michael Miller warns AI’s data exploitation may harm journalists’ rights, reminiscent of past tech threats to Australian media. #bigtech #ai
News Corp Australasia’s executive chairman, Michael Miller warns that the ambition of AI companies to exploit data without fair compensation may undermine the rights of journalists and artists.
The approach of major tech companies during the digital revolution could resurface, threatening Australian media and content creators if copyright laws are eased.
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