Market WATCh Weekly 30 April 2021

Market WATCh Weekly 30 April 2021

April 30, 2021

In Australia, the CPI rose less than expected in Q1. The value of iron ore exports surged to a fresh all-time high in March. Payroll jobs and wages posted an Easter-related seasonal fall in early April. Offshore, the Fed and the Bank of Japan both left their monetary policy parameters unchanged, with the Fed saying it is too early to talk about tapering QE. US real GDP climbed to near pre-pandemic levels in Q1, while the GDP and PCE price deflators saw their biggest quarterly increases in a decade. US consumer confidence reached a fresh pandemic high in April.

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