Market WATCh Weekly 14 January 2022

Market WATCh Weekly 14 January 2022

January 14, 2022

In Australia, November saw another surge in retail sales, an increase in dwelling approvals, a renewed rise in new home loans and a further narrowing in the trade balance. The Melbourne Institute annual inflation gauge fell back into RBA’s target band in December and the ANZ consumer confidence index deteriorated at the turn of 2021 and 2022. Offshore, annual headline US CPI inflation reached a fresh near 40-year high in December, but US PPI inflation eased somewhat. Chinese consumer and producer price pressures eased further in December and the Chinese trade surplus hit a record high.

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