High interest rates are impacting household expenditures, causing the Australian economy to almost stagnate.

In the first three months of this year, the Australian economy was almost at a standstill.

Zhitong Finance00:40 ET

Japan Labor Data Suggests Gradual Wage Growth Continues -- Market Talk

Japan labor survey data for April confirms that the gradual increase in wage growth continues, ING economists say.

WSJ21:44 ET

Australia's Economy Barely Registers Pulse in First Quarter

Growth in Australia's commodity-rich economy barely registered a pulse in the first quarter, as the impact of high interest rates and climbing costs due to nagging inflation pressures slowed activity to a crawl.

WSJ21:33 ET

Australian GDP Expands 0.1% QoQ in Q1 Vs. 0.2% Expected

Australia’s Gross Domestic Product (GDP) grew 0.1% QoQ in the first quarter of 2024 compared with the 0.2% growth in Q4 of 2023, the Australian Bureau of Statistics (ABS) showed on Wednesday. This reading came in below expectations of 0.2%.

FXStreet21:31 ET

Australia's Service Sector Expands Further in May

An acceleration in new export business growth drove the further expansion of Australia's service sector in May.

MT Newswires21:24 ET

Australia GDP Data Likely to Show Anemic Growth in 1Q -- Market Talk

Australia GDP data is likely to show anemic growth in 1Q, analysts say.

WSJ21:07 ET