The monthly employment report from Australia released earlier today showed that the unemployment rate fell to 5.5% in September and down from 5.6% seen the month before. In the monthly employment change, the economy was seen adding 19.8k jobs, which was higher than the estimated 14.1k. Previous month’s figures were adjusted down to show 52k jobs being added, down from 54.2k.
Data from China showed that the GDP registered a 6.8% expansion in the third quarter. This was in line with estimates, and the data comes as the China party congress gets underway.
The US dollar was seen stalling after data released yesterday showed that building permits and housing starts rose less than expected.
Looking ahead, economic data includes the UK’s retail sales figures which are expected to show a decline of 0.1% on the month. The US trading session will see the weekly unemployment claims followed by the Philly Fed manufacturing index.
