From Australia, yesterday, ANZ Job Advertisements figures were released. Job advertisements were broadly unchanged in December, falling a modest 0.1% after recording increases in the previous four months. This month’s growth appears to be downplayed by the Christmas holiday falling on a Friday. In trend terms, job ads rose 0.8% m/m. The number of internet job ads fell 0.1% m/m and rose 10.6% y/y in December. The number of newspaper job ads (just 2% of total job ads) fell 1.2% m/m.
The Australian share market has dropped to its lowest level in two-and-a-half years, with a frenzied sell-off in its seventh day. The market has fallen below the 4900 mark, dropping more than two per cent in a morning bloothbath as fears mount over the Chinese economy. The benchmark S&P/ASX200 index skidded to 4,880.1 at 11.20am, its lowest point since July 2013, before rallying back above 4,900 soon after.
Though there will be no data releases from Australia tomorrow, we can expect plenty of volatility, with focus on developments in China. In the US session JOLTS Job Openings figures are scheduled for a release. Analysts are forecasting increase to 5.41 million.
Figures to watch:
JOLTS Job Openings (Tuesday 16:00)