- Australian Employment Change for February surged to 116.5K, surpassing expectations of 40.0K and the previous figure of 15.3K.
- Australia’s Unemployment Rate increased by 3.7%, lower than the anticipated 4.0% and the previous 4.1%.
- The preliminary Judo Bank Services PMI rose to 53.5, up from the previous figure of 53.1.
- Judo Bank Composite PMI showed a slight increase, reaching 52.4 compared to the previous 52.1.
- People’s Bank of China (PBoC) has kept its interest rate unchanged at 3.45%.
- Chinese Foreign Minister Wang Yi met Australia's Foreign Affairs Minister Penny Wong. The Chinese side emphasized their substantial potential. They stressed that China-Australia relations are progressing positively and urged against any hesitation, deviation, or reversal in this forward momentum.
- During the FOMC Press Conference, Fed Chair Jerome Powell emphasized that although inflation is showing signs of moderation, the persistence of price growth remains a significant concern that the Fed cannot ignore.
- US Building Permits (MoM) increased to 1.518 million in February, against the expected 1.495 million and 1.489 million prior.
- US Housing Starts (MoM) rose to 1.521M from the previous figure of 1.374M, exceeding the market expectation of 1.425M in February.
- The preliminary US Michigan Consumer Sentiment Index for March decreased to 76.5, from the previous reading of 76.9. This decline comes in contrast to expectations of it remaining unchanged.
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