From China, Industrial Production data was published. Key measures of Chinese economic activity grew at a faster pace in the third quarter, adding to growing evidence the world’s second-largest economy was easing into a slower but steady expansion after a volatile two years. Industrial production, a broad measure of factory output, rose at an annualized 6.2% in November from a year earlier, the National Bureau of Statistics reported Monday in Beijing. Industrial production rose 6.1% year-over-year in October.
Thursday was marked by Australian job figures. According to the latest ABS figures Australian employment increased 39,100 to 11,973,200. Full-time employment increased 39,300 to 8,166,200 and part-time employment decreased 200 to 3,807,000. Unemployment increased 17,000 to 725,200. The number of unemployed persons looking for full-time work increased 15,100 to 512,100 and the number of unemployed persons only looking for part-time work decreased 1,900 to 213,100. Unemployment rate increased 0.1 pts to 5.7%. Participation rate increased 0.2 pts to 64.6%. Monthly hours worked in all jobs decreased 10.4 million hours to 1663.3 million hours.
This week markets will be looking at:
Monetary Policy Meeting Minutes (Tuesday 1:30)
