Market Updates

Weekly Updates

A weekly roundup of the most important economic and financial market events.

View the most significant economic and financial market events from around the world and in Australia over the last week, including movements in interest rates, equities, currencies and commodities, as well as snapshots of global and domestic economies.

  • 07 Jun 2024 Market WATCh Weekly 7 June 2024

    In Australia, GDP rose by 0.1% in Q1, but fell further in per capita terms. The current account balance turned negative in Q1, dragged down by a lower trade surplus among others, which was followed by a rebound in the goods trade surplus in April. New home loans picked up more than expected in April. Abroad, the ECB and Bank of Canada became the first G7 central banks to cut rates this week.

  • 31 May 2024 Market WATCh Weekly 31 May 2024

    In Australia, the monthly CPI indicator suggested that the annual rate of consumer price inflation ticked up to 3.6%. Retail sales rose by just 0.1% in April. Dwelling approvals saw a slight decline in April, which followed a broad-based fall in construction work done in Q1. Private sector capex rose more than expected in Q1.

  • 24 May 2024 Market WATCh Weekly 24 May 2024

    In Australia, RBA Board minutes confirmed that a 25bps hike was discussed at the May meeting and comments were a bit more hawkish than the post-meeting statement suggested. Westpac consumer confidence declined by another 0.4% in May. The Judo Bank composite PMI pointed to further, albeit slightly slower expansion in May.

  • 17 May 2024 Market WATCh Weekly 17 May 2024

    In Australia, wages growth slowed in Q1. The unemployment rate increased 0.2ppts to 4.1% in April. NAB business conditions deteriorated in April, while business confidence remained depressed. Abroad, US PPI inflation accelerated somewhat, while CPI inflation slowed and retail sales were soft in April.

  • 10 May 2024 Market WATCh Weekly 10 May 2024

    In Australia, the RBA Board left the cash rate target unchanged at 4.35% as expected, but turned slightly more hawkish. Data-wise, retail sales volumes saw a renewed decline in Q1, while the Melbourne Institute inflation gauge suggested further disinflation in April. Payroll jobs saw a seasonal decline over the month to 13 April.

  • 03 May 2024 Market WATCh Weekly 3 May 2024

    In Australia, retail trade saw a surprising decline in March. Dwelling approvals and new home loans rose in March, while the CoreLogic home value index rose again in April. The goods trade surplus fell in March. Abroad, the FOMC left the fed funds rate target range unchanged this week, but slowed the pace of quantitative tightening.

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Banner image top - Matagarup Bridge, Perth. Image courtesy of Tourism Western Australia.