Market WATCh Weekly 18 September 2020

Market WATCh Weekly 18 September 2020

September 18, 2020

In Australia, employment posted a surprising growth between early July and early August, despite the Melbourne lockdown. As the pandemic in Victoria eases, the leading indicators and consumer confidence have improved. Contrary to expectations, the RBA did not provide any details on government bond purchases beyond yield curve control in the August board minutes. Abroad, Chinese activity data suggested a robust recovery, with steel output at record highs. The Fed upgraded its 2020 growth and labour market forecasts, yet warned of downside risks related to reduced fiscal support in the US.

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