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Weekly Economic Commentary

Weekly Economic Commentary

Categories: General, General

With Wimbledon and the World Cup now wrapped up (congratulations go to Djokovic and France), we focus back on economic fundamentals and realise that it has been a relatively positive week for our economy with consumers showing greater optimism over their outlook and business conditions remaining well above average.

After yet another week of escalated global trade tensions we were back to positive risk sentiment last Friday, aided by both China and the US making noises suggesting the doors remain open to resumption of trade talks even if neither side is yet quite ready to walk through them. The AUD is back above 74 cents after a sell off early last week, while equity markets staged a solid recovery last Friday after spending most of the week in the red.

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Disclaimer: Whilst all care has been taken in compiling the information, the information should not be relied upon as substitute for professional advice where necessary. Rural Bank accepts no responsibility for the accuracy, completeness or timeliness of the information and disclaims all liability in relation to any loss or damage suffered by the use of or reliance upon any information contained herein or in any attachment or annexure hereto by any person. Rural Bank – A Division of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879