Market WATCh Weekly 30 July 2021

Market WATCh Weekly 30 July 2021

July 30, 2021

In Australia, the COVID-19 situation in New South Wales continued to deteriorate this week, prompting an extension of the Greater Sydney lockdown by another month. Victoria and South Australia lifted their respective lockdowns midweek. The escalating public health crisis in New South Wales saw consumer confidence drop again last week. Annual CPI inflation rose to 3.8% in Q2, reflecting the low statistical base from a year ago. Offshore, the Fed left its monetary policy settings unchanged, while US Q2 real GDP rose somewhat slower than expected.

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