Market WATCh Weekly 16 October 2020

Market WATCh Weekly 16 October 2020

October 16, 2020

In Australia, the RBA Governor suggested further interest rate target cuts and, possibly, longer-term government bond purchases beyond the yield curve control policy. The September labour force report indicated that the recovery in Australian employment stalled in September amid the Victorian lockdown and a slowdown in job creation in some other states. Consumer confidence continued to improve. The labour market recovery has also slowed in the US, yet regional Fed surveys point to ongoing recovery. Chinese exports surged to all-time highs in September. The pandemic continues to accelerate across the advanced economies.

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