Asia’s economic calendar highlights Australia’s employment data, while oil prices fall on Iran deal progress and geopolitical shifts.
Asia’s economic agenda centers on Australia’s jobs report, expected to influence regional markets. The data release follows a preview noting potential volatility amid shifting labor trends and monetary policy expectations.
Oil prices slipped below $100 as negotiations with Iran near completion, easing supply concerns. Traders are monitoring geopolitical developments for further impact on energy valuations. Renewables remain cost-competitive, but coal demand persists in G7 nations due to energy security needs.
Elsewhere, ATRO reported revenue and profit beats, raising guidance on record backlogs, though tariffs pressured margins. PLTR’s 85% revenue growth and 60% margins failed to offset its high price-to-sales ratio, keeping valuation risks elevated.