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.

  • 15 Mar 2024 Market WATCh Weekly 15 March 2024

    In Australia, the NAB business conditions index picked up in February, while business confidence remained below average. Payroll jobs saw a seasonal increase in the month to 17 February. Abroad, the US CPI and PPI figures for February again surprised to the upside, while the retail sales report disappointed.

  • 08 Mar 2024 Market WATCh Weekly 8 March 2024

    In Australia, GDP growth was anaemic in Q4 and GDP per capita fell further. Dwelling approvals and new home loans both declined in January. The US ISM services PMI pointed to slower expansion and price growth in February, while the ADP reported moderate US payrolls growth. The Chinese PMIs suggested further soft growth in February,

  • 01 Mar 2024 Market WATCh Weekly 1 March 2024

    The Aussie monthly CPI indicator suggested that headline consumer price inflation was unchanged in January, while retail trade increased less than expected. Private capex and construction work done picked up in Q4. US PCE inflation continued to decline towards its goal in January. The Chinese PMIs pointed to further anaemic expansion in February. The RBNZ has left its official cash rate unchanged.

  • 23 Feb 2024 Market WATCh Weekly 23 February 2024

    The RBA Board minutes confirmed that the case for a further cash rate increase was discussed at the meeting. The wage price index rose in line with market expectations in Q4 2023. Judo Bank PMIs suggested that the Aussie private sector moved back into expansion. FOMC minutes confirmed the wait-and-see monetary policy stance. S&P The People's Bank of China has cut the benchmark rate for mortgages.

  • 16 Feb 2024 Market WATCh Weekly 16 February 2024

    Aussie employment rose less than expected in January, while the unemployment rate rose to 4.1%. NAB business conditions continued to normalise and business confidence, despite some improvement, remained below the long-run average. Westpac consumer sentiment rose sharply in February. Abroad, the US CPI for January surprised to the upside, while US retail sales saw its biggest fall in 10 months.

  • 09 Feb 2024 Market WATCh Weekly 9 February 2024

    The RBA kept interest rates unchanged and revised its inflation projections slightly downwards, but also made an attempt to push back pricing for near-term rate cuts. Aussie trade surplus narrowed slightly in December. The Melbourne Institute inflation gauge suggested further disinflation in January. The US ISM services PMI pointed to faster expansion and a marked acceleration in price growth.

  • 02 Feb 2024 Market WATCh Weekly 2 February 2024

    In Australia, CPI inflation declined more than expected in Q4 2023, but remained above the RBA target range. Retail sales dropped more than expected in December. House prices rose further in January. Abroad, the FOMC left the fed funds rate unchanged, as expected, and dropped the reference to tightening from the statement. The Chinese NBS composite PMI pointed to further stagnation in China.

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