Market WATCh Weekly 8 October 2021

Market WATCh Weekly 8 October 2021

October 8, 2021

Domestically, the RBA left its monetary policy settings unchanged this week, as expected. The Aussie trade balance hit a fresh record high in August. Payroll jobs continued to fall in early September and ANZ job ads declined again in September.
In the US, the ADP report saw US private payrolls growth accelerate in September, while the ISM services PMI pointed to a re-acceleration in business activity growth. US initial jobless claims resumed falling last week. The Chinese Caixin services PMI was back in expansion in September. The RBNZ became the second G10 central bank to hike its policy interest rate.

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