Latest Updates
A snapshot of the latest market updates from our Economic Services team.- 21 Nov 2024 Daily Report 21 November 2024US markets were again mixed last night, with the Dow Jones closing higher, while the S&P 500 was unchanged and the tech-heavy Nasdaq closed marginally lower. Traders were jittery ahead of semiconductor darling Nvidia’s quarterly earnings report, which delivered after market close and met expectations but missed revenue estimates.
- 15 Nov 2024 Market WATCh Weekly 15 November 2024In Australia, wages growth in Q3 slowed more than expected. Employment growth missed expectations in October, while the unemployment rate was unchanged at 4.1%. NAB business conditions remained close to average in October, but business confidence rebounded. Westpac consumer sentiment saw another strong increase in November.
- 14 Nov 2024 Monthly Update October 2024The Perth CPI declined by 0.4% in Q3, but rose by 3.8% through the year. Western Australian retail sales volumes rose 0.9% in Q3, which was the strongest rise of all states. The Western Australian unemployment rate declined to 3.6% in September, the lowest level of all states. Western Australian dwelling approvals surged by 11.4% in September, to be up by 73.0% through the year.
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A monthly summary of domestic market developments and Western Australian data.
External Financial Resources
Reserve Bank of Australia
Australian Bureau of Statistics
Department of Treasury WA
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Top - North Quay Terminals, Fremantle. Image courtesy of Fremantle Ports.
Below - Port of Port Hedland. Image courtesy of Pilbara Ports Authority.