AUD/USD fell once again at the 0.78 handle as strong Chinese industrial profits struggled to offer much for the Australian Dollar. All eyes are on the Fed this week.
SPACs Continue to Shine as Super Group Holding Co. Prepares to Go Public
2021-04-27 00:00:00
Brendan Fagan,
SPAC DEAL TALKING POINTS
The SPAC will trade on the New York Stock Exchange under the ticker symbol SGHC
The merger comes as high retail interest in SPACs fades, along with SPAC performance post-IPO
Super Group Holding Co. is set to list on the New York Stock Exchange following a merger with Sports Entertainment Acquisition Corp. (NYSE:SEAH), according to a statement released on Monday. Trading under the symbol SGHC, Super Group looks set to capitalize on frothy market conditions and high retail interest in SPACs. The recent retail mania, which is showing signs of dissipating, has thrust SPACs back into the limelight. To read more about the recent retail craze, please click here.
Australian Dollar Falls as Jobs Data Shows Decline in Full-Time Employment
2021-04-15 01:30:00
Brendan Fagan,
Australian Jobs Data Talking Points:
For the month of March, Australia adds 70,700 jobs against an expectation of 35,000 jobs
AUD/USD declined in immediate trade, following the impressive March jobs data
The official unemployment rate fell to 5.6%, against a consensus of 5.7%
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Australia posted strong employment numbers for March, with headline unemployment falling to 5.6%. Australia added 70,700 jobs in the month of March, which boosted overall labor force participation to 66.3%. Of note, part-time employment increased by 91,100, while full-time employment decreased by 20,800. The notable decline in full-time employment will be of great concern to the RBA, which has been monitoring employment changes closely. Changes in the labor force have been under so much scrutiny that the RBA even mentioned full-time employment data in its February statement.
The SPAC craze has once again been reignited, as Softbank-backed Grab Holdings is set to go public on the Nasdaq Exchange after securing a whopping $40 billion valuation.