Market WATCh Weekly 12 February 2021

Market WATCh Weekly 12 February 2021

February 12, 2021

In Australia, business confidence bounced back in January. Business conditions deteriorated somewhat, yet remained above the long-run average. Consumer sentiment has recovered some of its January losses. Offshore, the Chinese producer price index has emerged from deflation, though consumer price growth has turned negative. US inflation remained low in January, while last week’s payroll figures for January disappointed. The slow vaccine roll-out and still high COVID-19 infection figures have translated into weaker investor sentiment in Europe and a euro area GDP forecast downgrade by the European Commission.

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