Latest monetary news from Sidney, Australia Unemployment Rate 5.1% In May, Australia's unemployment rate came in at a seasonally adjusted 5.1 percent in May, the Australian Bureau of Statistics said on Thursday - unchanged from the previous month and in line with forecasts.
Meanwhile, China Delays Tougher Bank Capital Rules Again Amid Growth Slowdown, Global economic growth seems slow down, China on Wednesday said it would introduce new bank capital rules only at the start of next year, as the slowing economy gave policymakers less room for measures that may cut back lending.
Latest update from Eurozone Crisis, European Bond Auctions Well Received, Spain raised more-than targeted funds on Thursday, with the auction inviting strong demand from investors despite budget minister saying they have lost capital markets access.
Anyway, Nonetheless, the yield on 10-year bonds exceeded 6 percent. Meanwhile, France raised EUR 7.84 billion today at very low borrowing costs. Spain's treasury altogether sold EUR 2.07 billion medium to long term bonds, exceeding the EUR 2 billion target
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