Market WATCh Weekly 20 November 2020

Market WATCh Weekly 20 November 2020

November 20, 2020

Abroad, COVID-19 continues to rage across the Northern Hemisphere, with the number of cases accelerating strongly in the US forcing more states to re-introduce containment measures. US initial jobless claims rose last week, while US retail sales growth decelerated in October. Chinese economic data signalled ongoing recovery.
At home, the October labour force survey printed a surprising rebound in October, helped by Victoria re-opening and ongoing recovery elsewhere. Victoria re-opening also pushed October retail trade higher. Growth in the wage price index was the slowest on record in Q3.

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