Market WATCh Weekly 1 April 2021

Market WATCh Weekly 1 April 2021

April 1, 2021

In Australia, payroll jobs fully recovered from the pandemic in mid-March. February retail trade fell less than first estimated. Private housing approvals bounced to fresh all-time highs in February, while housing loan commitments eased following strong increases in the previous months. The CoreLogic home value index rose 2.8% in March, the fastest pace since 1988. Offshore, US ADP employment report indicated a strong rise in payrolls in March. The official PMIs pointed to a renewed acceleration in economic activity in China, yet the Caixin manufacturing PMI eased a little on slower domestic growth.

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