Australia | Smooth labour matching the key to recovery from here
The labour market recovery has outpaced expectations since the initial COVID19 shock. While the removal of JobKeeper is likely to stall the recovery in Q2, labour demand indicators are quite strong, which should support employment growth in 2021.
In this comprehensive 4 page report you will learn:
- The composition of employment has changed
- Vacancies as a share of employment have increased over the past year
- Industries that have driven employment growth will continue to do
Eurozone: ECB minutes indicate that July rate hike is a near-certainty
The minutes from the April ECB meeting confirm the hawkish tilt initiated a few months ago continues to gain momentum. With a majority of the council increasingly concerned about the inflation outlook, this makes an interest rate hike already in July almost certain. This should not come as a surprise, however, as recent developments render hawks' case arguably easier to make.Find Out More
For how long will Japan’s households support bonds and the yen?
Households' financial surpluses sharply increased in 2020 and remained high in 2021 due to the Covid pandemic. Most of the surplus continued to go to cash and deposits, but there was a notable increase in funds going to investment trusts (with a large portion invested in foreign equities) in 2021. Amid rising international yield differentials and a weakening yen, there is market chatter about whether this is the beginning of a structural shift from households' risk-averse investment style?Find Out More