Market WATCh Weekly 10 September 2021

Market WATCh Weekly 10 September 2021

September 10, 2021

The RBA extended the timeframe over which it will purchase government bonds at A$4.0b a week to at least mid-February. Aussie payroll jobs and wages continued to decline in early August. Job ads declined by another 2.5% in August. Offshore, the ratio of US job openings to unemployed suggest that US labour market conditions are the tightest on record (since 2000). Initial jobless claims declined to a new pandemic low. In China, producer price pressures continued to mount in August, while consumer price inflation slowed. Chinese iron ore imports rose in August and remained elevated by historical standards.

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