Market WATCh Weekly 28 May 2021

Market WATCh Weekly 28 May 2021

May 28, 2021

In Australia, payroll jobs fell at the turn of April and May, reflecting, among other things, the end of JobKeeper. Exports remained at record levels in April, with iron ore exports hitting an all-time high. Construction work done and private sector capex both rose more than expected in Q1.
Offshore, US durable goods orders declined in April, dragged down by motor vehicle and defence orders. US initial jobless claims fell to the lowest level since the start of the pandemic. US house prices climbed to fresh record highs in March.

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