Market WATCh Weekly 5 November 2021

Market WATCh Weekly 5 November 2021

November 5, 2021

In Australia, the RBA scrapped its April 2024 bond yield target and the forward guidance on a 2024 cash rate hike. Data-wise, new home loans and dwelling approvals fell in September, while lower iron ore prices have translated into a decline in the trade surplus in September. Abroad, the FOMC has announced the start of QE tapering. The US ADP employment report surprised to the upside in September, while the US and Chinese PMIs surprised to the upside.

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