Market WATCh Weekly 11 June 2021

Market WATCh Weekly 11 June 2021

June 11, 2021

In Australia, NAB business conditions index signalled the most favourable environment in the series’ history (since 1997), while business confidence declined but remained elevated. Consumer confidence declined for the second month in a row, dragged down by the recent Melbourne lockdown. Growth in ANZ job ads re-accelerated in May. In the US, job openings rose to a series record in April, while annual core CPI inflation hit a near 30-year high. Chinese imports grew at the fastest annual pace in a decade in May, while export growth slowed down somewhat. Chinese PPI inflation rose to the highest level in 13 years.

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