Volatility associated with November’s US election should finally be over,
enabling investors to refocus on economic prospects and the outlook for
corporate profitability & central bank policy.
Australian inflation recorded at 0.9% in the 2020 calendar year, nearly double what the Reserve Bank of Australia forecasted in November’s Statement on Monetary Policy.
Economic indicators have been generally positive recently, although the implementation of various lockdown restrictions nationwide are clouding the outlook.
Overall news flow remained supportive of risk assets including equities and credit and enabled most major share markets to make positive progress.