Latest Updates
A snapshot of the latest market updates from our Economic Services team.- 21 Feb 2025 Daily Report 21 February 2025US stocks closed lower overnight, as market sentiment was dented by a forecast downgrade for major retailer, Walmart, which was seen as another piece of evidence that US consumer demand might be weakening.
- 21 Feb 2025 Market WATCh Weekly 21 February 2025In Australia, the RBA cut its cash rate target by 25bps to 4.10% as expected, but its message was hawkish with no guidance about future decisions. Employment saw another solid gain in January, but the unemployment rate ticked up to 4.1%. Wages growth slowed further in Q4 2024. The Judo Bank flash PMIs pointed to further modest expansion in the private sector.
- 18 Feb 2025 RBA Update February 2025The RBA Board decided to cut its policy interest rates by 25bps at its February meeting, taking the cash rate target down to 4.10%. However, the decision was a ‘hawkish’ cut, with the RBA Board saying explicitly that they will remain cautious about further monetary policy easing.
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A daily summary of financial market developments and key macroeconomic data.
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A weekly roundup of the most important economic and financial market events.
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A monthly summary of domestic market developments and Western Australian data.
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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.