Market WATCh Weekly 10 December 2021

Market WATCh Weekly 10 December 2021

December 10, 2021

Domestically, the RBA scrapped its guidance on the timeframe for the first cash rate hike and confirmed they will discuss the future of the government bond purchase program at the February meeting. Job ads surged to well above pre-Delta levels in November but growth in payroll jobs has slowed. The Melbourne Institute inflation gauge remained above the RBA’s target band for the CPI in November. Abroad, US job openings climbed to another record high in October, while US initial jobless claims fell to the lowest levels since the late 1960s last week. Chinese iron ore imports rose to the highest level since October 2020.

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