{"id":125750,"date":"2024-11-14T13:28:01","date_gmt":"2024-11-14T06:28:01","guid":{"rendered":"https:\/\/hotvideos24.online\/?p=125750"},"modified":"2024-11-14T13:28:01","modified_gmt":"2024-11-14T06:28:01","slug":"u-s-october-cpi-australia-unemployment-rate","status":"publish","type":"post","link":"https:\/\/hotvideos24.online\/?p=125750","title":{"rendered":"U.S. October CPI; Australia unemployment rate"},"content":{"rendered":"<p> <script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<\/p>\n<div id=\"LiveBlogArticle-featuredContent-3\" data-module=\"featuredContent\" data-test=\"featuredContent-0\" data-analytics=\"LiveBlogArticle-featuredContent-3-0\"><span class=\"HighlightShare-hidden\" style=\"top:0;left:0\"\/><\/p>\n<div class=\"InlineImage-imageEmbed\" id=\"ArticleBody-InlineImage-106562620\" data-test=\"InlineImage\">\n<div class=\"InlineImage-wrapper\">\n<div>\n<p>A Sydney ferry passes the Opera House and skyline of the central business district area on May 12, 2020 in Sydney, Australia.<\/p>\n<p>James D. Morgan | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n<div class=\"group\">\n<p>Asia-Pacific markets traded mixed on Thursday after the U.S. October consumer price index reading reinforced expectations that the Fed would cuts rates again in December.<\/p>\n<p>The CPI came in line with expectations, accelerating slightly to an annual inflation rate of 2.6%. Core CPI, which straps out volatile food and energy prices, gained 3.3% last month, also matching expectations.<\/p>\n<p><a href=\"https:\/\/www.abs.gov.au\/statistics\/labour\/employment-and-unemployment\/labour-force-australia\/latest-release\" target=\"_blank\" rel=\"noopener\">Australia&#8217;s unemployment rate<\/a> remained steady in October at 4.1%, as economists had expected, while the number of employed people increased 15,900\u00a0from a month ago, falling short of the expected 25,000.<\/p>\n<p>The participation rate, which measures the share of working-age people currently employed or seeking a job, stood at 67.1%, slightly below an estimated 67.2%.<\/p>\n<p>&#8220;It is clear that the labour market in Australia is still very resilient, despite an extended period of restrictive rates,&#8221; said My Bui, economist at investment management firm\u00a0AMP.<\/p>\n<p>Bui believes the Reserve Bank of Australia is unlikely to deliver a cut in December, but sees room for easing in the first half of 2025.<\/p>\n<\/div>\n<div class=\"group\">\n<p>Australia&#8217;s\u00a0<span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-2\"><a href=\"https:\/\/www.cnbc.com\/quotes\/.AXJO\/\">S&amp;P\/ASX 200<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> was up 0.26%.<\/p>\n<p>Japan&#8217;s\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/.N225\/\">Nikkei 225<\/a>\u00a0gained 0.10% while the Topix added 0.46%.<\/p>\n<p>Japanese yen appreciated slightly against the U.S. dollar to 155.36 on Thursday, after falling below the 155 benchmark overnight, hovering near the lowest level in over four months.<\/p>\n<p>South Korea&#8217;s\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/.KS11\/\">Kospi<\/a>\u00a0rose 0.28%, while the Kosdaq Index was up by 0.42%. The country&#8217;s<strong> <\/strong>markets opened an hour later than usual on Thursday because of national college entrance exams.<\/p>\n<p>Hong Kong&#8217;s <a href=\"https:\/\/www.cnbc.com\/quotes\/.HSI\/\">Hang Seng index<\/a> was down 0.69% in a choppy trading morning, following a multi-day losing streak that saw the index shed 4% this week as of Wednesday&#8217;s close.<\/p>\n<p>Hong Kong&#8217;s markets remained open even as authorities <a href=\"https:\/\/www.hko.gov.hk\/textonly\/warning\/ea.htm\" target=\"_blank\" rel=\"noopener\">issued a Typhoon warning<\/a>, marking the first such occasion since the city changed the rules to <a href=\"https:\/\/www.cnbc.com\/2024\/06\/18\/hong-kong-stock-markets-to-keep-trading-during-typhoons-starting-sept-23.html\">allow trading in extreme weathers<\/a>.<\/p>\n<p>Mainland China&#8217;s CSI 300 tumbled 0.27%.<\/p>\n<\/div>\n<div class=\"group\">\n<p>Overnight in the U.S., the <a href=\"https:\/\/www.cnbc.com\/quotes\/.SPX\/\">S&amp;P 500<\/a> and <span class=\"QuoteInBody-quoteNameContainer\" data-test=\"QuoteInBody\" id=\"LiveBlogArticle-QuoteInBody-9\"><a href=\"https:\/\/www.cnbc.com\/quotes\/.DJI\/\">Dow\u00a0Jones Industrial Average<\/a><span class=\"QuoteInBody-inlineButton\"><span class=\"AddToWatchlistButton-watchlistContainer\" id=\"-WatchlistDropdown\" data-analytics-id=\"-WatchlistDropdown\"><button class=\"AddToWatchlistButton-watchlistButton\" aria-label=\"Add To Watchlist\" data-testid=\"dropdown-btn\"><span class=\"AddToWatchlistButton-addWatchListFromTag\"\/><\/button><\/span><\/span><\/span> closed near the flatline following the release of the inflation report.<\/p>\n<p>The\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/.SPX\/\">S&amp;P 500<\/a>\u00a0inched higher by 0.02% to close at 5,985.38, while the 30-stock\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/.DJI\/\">Dow<\/a>\u00a0ticked up 47.21 points, or 0.11%, to 43,958.19. The\u00a0<a href=\"https:\/\/www.cnbc.com\/quotes\/.IXIC\/\">Nasdaq Composite<\/a>\u00a0ended the day with a 0.26% decline and closed at 19,230.74.<\/p>\n<p>The inflation data puts the Federal Reserve on course to lower interest rates next month, with markets pricing in a 80.8% likelihood of a quarter-percentage-point cut, according to the <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\" target=\"_blank\" rel=\"noopener\">CME FedWatch Tool<\/a>.<\/p>\n<p><em>\u2014 CNBC&#8217;s Brian Evans and Hakyung Kim<\/em> <em>contributed to this report.<\/em><\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-3711241968723425\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-format=\"fluid\"\r\n     data-ad-layout-key=\"-fb+5w+4e-db+86\"\r\n     data-ad-client=\"ca-pub-3711241968723425\"\r\n     data-ad-slot=\"7910942971\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><br \/>\n<br \/><div data-type=\"_mgwidget\" data-widget-id=\"1660802\">\r\n<\/div>\r\n<script>(function(w,q){w[q]=w[q]||[];w[q].push([\"_mgc.load\"])})(window,\"_mgq\");\r\n<\/script>\r\n<br \/>\n<br \/><a href=\"https:\/\/www.cnbc.com\/2024\/11\/14\/asia-pacific-markets-live-updates-us-october-cpi-australia-unemployment-rate.html\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Sydney ferry passes the Opera House and skyline of the central business district area on May 12, 2020 in Sydney, Australia. James D. Morgan | Getty Images Asia-Pacific markets &hellip; <a href=\"https:\/\/hotvideos24.online\/?p=125750\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-125750","post","type-post","status-publish","format-standard","hentry","category-business","entry"],"_links":{"self":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125750","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=125750"}],"version-history":[{"count":0,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=\/wp\/v2\/posts\/125750\/revisions"}],"wp:attachment":[{"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=125750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=125750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hotvideos24.online\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=125750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}