Market WATCh Weekly 26 February 2021

Market WATCh Weekly 26 February 2021

February 26, 2021

In Australia, the wage price index rose more than expected in Q4 2020, temporarily helped by the restoration of pre-COVID wages in some sectors. Construction work done unexpectedly fell in Q4, while capex picked up on a rebound in non-mining investment. The merchandise trade balance narrowed marginally in January, with iron ore exports seeing a marked decline.
Abroad, US housing data continued to surprise to the upside, while growth in US durable goods orders also exceeded expectations. US initial jobless claims resumed fell last week, yet remain elevated.

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