Market WATCh Weekly 19 February 2021

Market WATCh Weekly 19 February 2021

February 19, 2021

In Australia, payrolls and labour force survey reports confirmed ongoing employment growth in January. The weekly consumer confidence index slipped amid the announcement of a snap Victoria lockdown last week. The flash PMIs for February signalled slower growth, while the preliminary retail sales report saw a 0.6% rise in sales in January.
Offshore, the US PPI report indicated growing cost pressures in January, while surveys pointed a rise in inflation expectations in the US and Europe this month.
Retail sales surged in the US on higher unemployment benefits, yet manufacturing growth slowed somewhat. Investor sentiment improved in the US and Europe in February. US initial jobless claims unexpectedly picked up last week.

Download PDF