TURKEY: Unemployment Rate Falls to 8% in July from 8.4%
Aug-29 07:09
- Turkey's adjusted unemployment rate fell to 8% in July from a revised 8.4% in June, according to the Turkish Statistical Institute, matching the all-time low previously recorded in March. The number of jobless fell 164k month-on-month while the adjusted labor force participation rate fell to 53.3% from a revised 53.6% prior. The composite measure of labor underutilization – the so-called "broad jobless rate" – fell to 29.6% from a revised 32.7% in June.
- Ekonomi run a piece in which they note that Turkey lost ground in the tourism sector to Spain and Greece in the first seven months of 2025. The newspaper say high prices led Germans to choose their own country for holidays instead of Turkey, with industry representatives arguing that Turkey will be lucky to achieve last year’s figures.
- The Turkish banking regulator publishes the industry’s monthly data at 12:00BST/14:00 local time while the Treasury & Finance Ministry publishes its domestic borrowing plan at 15:00BST/17:00 local time.
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AUDNZD: Westpac Maintain Long Bias
Jul-30 07:09
Westpac remain “biased towards buying AUD/NZD on dips.”
- They’d look to enter longs around 1.0860, targeting 1.1050, with a trailing stop at 1.0810.
- Westpac note that “Australian Q2 CPI was softer than expected, locking in an RBA rate cut for 12 August. Further afield, developments in China have been encouraging. Iron ore has risen 10% during the past month, amid infrastructure announcements such the large hydro dam in Tibet. And the Shanghai Composite is up 9%. Regarding U.S.-China negotiations for an extended tariff truce, the mood is reportedly constructive, awaiting President Trump’s decision”.
MNI: SWISS KOF JUL ECONOMIC BAROMETER 101.1
Jul-30 07:00
- MNI: SWISS KOF JUL ECONOMIC BAROMETER 101.1
MNI: SPAIN JUL FLASH HICP -0.4% M/M, +2.7% Y/Y
Jul-30 07:00
- MNI: SPAIN JUL FLASH HICP -0.4% M/M, +2.7% Y/Y
- MNI: SPAIN JUL FLASH CPI -0.1% M/M, +2.7% Y/Y
- MNI: SPAIN JUL FLASH CORE CPI +2.3% Y/Y
