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The Australian Labor Market Looks Set For A Bull Run

By: Simona M Mocuta & Kaushik Baidya

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.

Read Full Commentary

Originally Posted on April 19, 2021 – The Australian Labor Market Looks Set For A Bull Run

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