Market WATCh Weekly 13 January 2023

Market WATCh Weekly 13 January 2023

January 13, 2023

In Australia, dwelling approvals saw another big fall in November as did new home loans. Retail sales boomed in November, while CPI inflation picked up steam again. The external trade surplus widened in November. Job vacancies fell for the second quarter in a row in the three months to November but remained almost double the pre-COVID level.
The US unemployment rate fell back to a post-1960s low in December, however wage inflation appears to be easing. US small businesses remained pessimistic in December and the ISM services PMI fell into contraction. December saw another decline in US inflation in December and Chinese inflation remained benign.

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