The seasonally adjusted Wage Price Index (WPI) rose 0.6 per cent in March quarter 2021 with the annual growth rate at 1.5 per cent, according to figures.
Top Mining Companies in the World
In this article we will take a look at the top mining companies in the world. You can skip our detailed analysis of the mining industry’s outlook for 2021 and some of the major growth catalysts for mining stocks and go directly to the
The mining industry encompasses all the companies that are responsible for mining and exploring precious and non-precious metals, minerals, and energy commodities like coal and petroleum. Numerous industries in the world depend on the supply of such commodities. The mining industry has always been a major driving force behind the world economy. According to Statista, in the U.S., the mining industry added over 1% value to the national GDP in 2020. Moreover, in the same year, Asia Pacific remained the largest region in the global mining market, followed by North America, accounting for 71% and 9% of the global mining market share, respectively.
Early super slashes $4.7bn 19 May 2021
Consumers who tapped into their superannuation early as part of the government’s COVID response stimulus package have already lost a total $4.71 billion of market gains, new research has revealed.
Australians who took part in the early access of super scheme have foregone any potential capitalisation on the amount they withdrew, which according to a recent report can be quantified in billions.
According to the McKell Institute, a critic of the government’s scheme, given the “massive” recovery seen by the super funds since their bottom in April 2020, an individual that withdrew approximately $7,500 has already foregone $2,420 in market gains.
5/19/2021 2:22:50 PM GMT | By FXStreet Insights Team
The Australian Bureau of Statistics (ABS) will release the April employment report at 01:30 GMT on Thursday. Australia’s unemployment rate is set to hold steady at 5.6% in April. AUD/USD has stalled its recovery from last week’s low of 0.7687. An upside surprise to the employment data could lift the aussie towards 0.7850, FXStreet’s Dhwani Mehta briefs.
AUD/USD probable scenarios
“The OZ economy is likely to see 15K jobs addition in April after creating 70.7K employment opportunities in March. The participation rate is expected to hold steady at 66.3%. The Unemployment Rate is expected to remains unchanged at 5.6% after dropping 0.2% in the previous while sitting at the lowest levels since March 2020.”
Canadian Dollar Falls As Inflation Fears Weigh The Canadian dollar erased its recent gains against its key counterparts in the European session on Wednesday, as falling commodity prices and weakness in equities offset optimism over strong inflation data in April.
Data from Statistics Canada showed that Canada CPI rose 0.6 percent on a seasonally adjusted monthly basis in April, after a gain of 0.1 percent in the previous month. Economists has expected a 0.2 percent increase.
Core CPI, excluding food and energy, grew 0.8 percent from 0.1 percent last month.
The CPI rose 3.4 percent on year in April, up from a 2.2 percent gain in March. This was the highest annual reading since May 2011.