Market WATCh Weekly 22 January 2021

Market WATCh Weekly 22 January 2021

January 22, 2021

Offshore, Joe Biden began his presidency in the US, with his Treasury Secretary nominee calling for more fiscal stimulus. The ECB and the Bank of Japan both left their monetary policy settings unchanged. In Australia, the labour force and internet job vacancies reports pointed to an ongoing labour market recovery in December, though the weekly payrolls suggested a seasonal fall in job creation in late 2020. Consumer confidence retreated in January but remains high. This followed a December fall in retail sales, which are still up 9.4% through the year.

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