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US election aftermath: ‘Bidenomics’

23 Nov 20. Investors are now focussed on what a Biden victory means for the economy and financial markets.

Manufacturing activity near 3-year high

23 Nov 20. The IHS Markit 'flash' PMI for manufacturing rose from 54.2 to a 35 month high of 56.1 in November.

Labour Force: Light in the tunnel brighter

19 Nov 20. Employment rose by 178,800 in October after falling by an upwardly-revised 42,500 jobs in September. Full-time jobs rose by 97,000 & part-time jobs by 81,800.

Slowest wage growth in over 22 years

18 Nov 20. Wages were stagnant in the September quarter with the annual growth rate the slowest since records began over 22 years ago.

Petrol prices set to lift on vaccine optimism

16 Nov 20. The national average price of unleaded petrol rose by 3.1 cents to 119.9 cents a litre last week.

China’s economic recovery on track

16 Nov 20. China’s economic recovery remained on track in October with the handover from industrial-led to consumption driven growth strengthening.

Business cuts debt

12 Nov 20. Interest rates are near zero but business are trimming loans rather than taking on more debt. Small business loans totalled $142.5 billion at the end of September, down 0.9% in the month and down 0.9% on the year.

Consumer confidence at 7-year highs

11 Nov 20. The Westpac-Melbourne Institute Index of Consumer Confidence rose by 2.6% in November, lifting from 105 in September to a 7-year high of 107.7 points.

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