Market WATCh Weekly 26 October 2021

Market WATCh Weekly 26 October 2021

November 26, 2021

In Australia, construction work done fell less than expected in Q3, while capital spending plans for 2021-22 were upgraded. The flash PMIs pointed to stronger economic activity in November. Payrolls rose sharply in Victoria and New South Wales in the second half of October. Retail sales surged in October as restrictions were wound back on the east coast. Abroad, US personal spending rose more than expected in October, while PCE price inflation drifted further above the FOMC’s goal. The PMIs pointed to slight deceleration in US activity growth amid higher costs as well as mounting materials and labour shortages. US initial jobless claims fell to the lowest level since the 1960s last week.

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