Market WATCh Weekly 18 November 2022

Market WATCh Weekly 18 November 2022

November 18, 2022

At home, the RBA Board minutes revealed a 50bps increase was discussed at the November meeting.
Data-wise, the unemployment rate fell back to 3.4% in October, while employment saw another solid increase. The wage price index rose more than expected in Q3. Western Australian gross state product rose by 3.1% in 2021-22. Offshore, US retail sales saw a solid increase in October, but industrial production declined. The US October PPI surprised to the downside. Chinese retail sales declined in October, while industrial production slowed and urban investment growth was steady.

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