Market WATCh Weekly 14 April 2022

Market WATCh Weekly 14 April 2022

April 14, 2022

At home, the labour force survey showed unemployment was steady at 4.0% in March. NAB business conditions and confidence both improved in March but price pressures were the highest on record. Westpac consumer sentiment fell to the lowest level since September 2020. ANZ consumer inflation expectations have stabilised at an elevated level. Abroad, US CPI inflation rose to another 40-year high in March, while PPI inflation hit a new series record. The Chinese trade surplus was higher than expected, as imports fell amid COVID restrictions. Chinese PPI and CPI inflation were both higher than expected in March. The New Zealand and Canadian central banks each raised interest rates by 50 basis points.

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