Market WATCh Weekly 14 May 2021

Market WATCh Weekly 14 May 2021

May 14, 2021

In Australia, the NAB business conditions and confidence indices as well as capacity utilisation all surged to record highs in April. Payroll jobs recovered in mid-April after contracting during the Easter holidays. The final retail report for March confirmed a rebound in sales in the month. Offshore, US inflation surged in April, largely due to transitory factors. Chinese PPI inflation rose to the highest level in three years, while annual CPI inflation picked up due to base effects.

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