Market WATCh Weekly 3 December 2021

Market WATCh Weekly 3 December 2021

December 3, 2021

In Australia, gross domestic product fell less than feared in Q3. The current account surplus rose to another all-time high in Q3 but October saw a narrowing in the trade surplus. Dwelling approvals and new home loans both fell in October. Offshore, the ADP employment report saw a solid gain in November. The ISM manufacturing PMI pointed to strong activity growth in November. The Chinese PMIs signalled slower expansion in services and stagnation in manufacturing growth.

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