I tweeted out the result a little earlier:
- Australian job vacancies (3 mths to May) +1.5% (prior +1.8%)
A bit more now:
- Up 11.4% y/y
- This puts vacancies at their highest since 2010
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Update elsewhere, China commodity futures are continuing to gain, iron ore and coking coal higher
And, check this out from ANZ's commodity morning note today:
- The fear of further capacity closures in China also helped support steel and iron ore prices
Futures markets were particularly strong, with steel rebar rising 3.7% - The activity in spot markets has also picked up considerably, with more than 10 seaborne deals conducted yesterday
- This is the highest seen in several months
- This was driven by steel traders in China, who have re-entered the market after a prolonged period on the sidelines,
- This positive sentiment also reached the coal market, with coking coal prices rising
