Latest Updates
A snapshot of the latest market updates from our Economic Services team.- 03 May 2024 Daily Report 3 May 2024Wall Street rebounded last night, while US Treasuries fell further and the US dollar depreciated, as the markets continued to digest the Fed’s forward guidance. Expectations for the first fed funds rate cut have moved back to November, with another cut almost fully priced in for early 2025. Investors now await the April non-farm payrolls report scheduled for tonight.
- 03 May 2024 Market WATCh Weekly 3 May 2024In Australia, retail trade saw a surprising decline in March. Dwelling approvals and new home loans rose in March, while the CoreLogic home value index rose again in April. The goods trade surplus fell in March. Abroad, the FOMC left the fed funds rate target range unchanged this week, but slowed the pace of quantitative tightening.
- 01 May 2024 AUD Monthly April 2024The Australian dollar slipped against the stronger US dollar in April, its third monthly loss in the past four. The exchange rate started the month positively as softish US economic data and dovish comments from Fed Chair Jerome Powell drove the greenback lower, while the Aussie rose against all the major currencies. The AUD/USD closed 9 April at its highest level since January.
All Financial Markets Updates
Select your preferred publication to find out more.- Daily UpdatesView now
A daily summary of financial market developments and key macroeconomic data.
- Weekly UpdatesView now
A weekly roundup of the most important economic and financial market events.
- Monthly UpdatesView now
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.