Market WATCh Weekly 13 November 2020

Market WATCh Weekly 13 November 2020

November 13, 2020

Abroad, ‘stage 3’ test results point to a 90% efficacy of the Pfizer COVID-19 vaccine. Infections continue to surge across the Northern Hemisphere, with data releases pointing to the downward impact of the second wave of the pandemic on the European economy. The US labour market recovery continues, albeit at a slower pace.
At home, the NAB business conditions and confidence indices improved in October as Victoria started to re-open. Consumer sentiment continues to climb, with the Westpac gauge hitting the highest level since 2013.

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