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Weekly Economic Perspectives - The Australian Labor Market Looks Set For A Bull Run

Chief Economist

  • The Economy
    Retail sales surge in the US. Canadian manufacturing sales suffer from supply disruptions. Industrial production improves in the UK but declines in the eurozone. Japanese core machine orders fall unexpectedly. Australian underemployment lowest since 2014.
  • The Market
    Good week for global equities. US yields fall as Fed speeches calm nerves around early lift-off. AUD up on strong data, higher commodity prices and weaker USD. Oil rebounds after last week’s plunge on hopes of recovery.