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A snapshot of the latest market updates from our Economic Services team.- 30 Apr 2024 Daily Report 30 April 2024The positive sentiment on Wall Street continued last night, supported by better-than-expected corporate earnings reports. The Dow Jones rose by 0.4%, while the S&P 500 and Nasdaq both gained 0.3%. Increases were recorded for all sectors except for communication services and financials.
- 26 Apr 2024 Market WATCh Weekly 26 April 2024In Australia, the CPI inflation figures surprised to the upside, though pointed to further disinflation in the annual terms. The Judo Bank flash PMIs suggested the fastest pace of expansion in two years. Abroad, US GDP growth slowed in Q1, while PCE price inflation picked up. The S&P Global flash PMIs suggested even slower growth in the US in April and faster expansion in Europe and Japan.
- 09 Apr 2024 Monthly Update March 2024Western Australian retail sales increased 0.3% in February, to be up 1.6% through the year. Western Australian employment rose 26.3k in February and the unemployment rate fell to 3.6%. New dwelling approvals in Western Australia rose 11.4% in January. Annual growth in the Australian monthly CPI indicator was steady at 3.4% in February.
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TopĀ - North Quay Terminals, Fremantle. Image courtesy of Fremantle Ports.
Below - Port of Port Hedland. Image courtesy of Pilbara Ports Authority.