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Daybreak Weekend: US Jobs, Special European Council, Australia Eco

Bloomberg Daybreak: Asia Edition

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Australia's Economic Shifts

This chapter explores the recent economic developments in Australia, focusing on the Reserve Bank's rate cut and its implications amid cooling inflation and changing consumer spending. The discussions highlight the labor market's robustness and the impact of U.S. tariffs on trade dynamics, particularly with China. Additionally, the chapter examines emerging trends in the Chinese tech sector and the diversification of global investments away from U.S. tech stocks.

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