There is a concern that national spending in Australia has declined to lockdown levels with people in Sydney and Melbourne dragging the national spending as surging coronavirus cases keep them from going out.

Moving ahead there are a few releases to watch out for in the lead up to Christmas with the Reserve Bank Board minutes to be released on Tuesday, weekly payroll jobs and wages on Wednesday and private sector credit on Thursday.

Looking ahead for the Australian dollar the unemployment data on Thursday and business and consumer confidence numbers early in the week will be setting the tone for rest of the week.

Menon is an actively practicing emergency medicine physician with fellowship training in wilderness and aerospace medicine.

While it is largely expected the RBA will make no changes to its monetary policy, the traders will be looking forward to RBA’s commentary surrounding bond yields and purchases as that would be pivotal for interest rates.

Investors are currently in shoot first and asking questions later until more is known about the new variant, the investors are also nervous about whether we will even get a Christmas rally.

Ramayana is not just about Lord Rama defeating Ravana. It’s not about him being worshipped as God. It’s much more than that.

“At a time when the fierce competition in the key home loan market is hurting the banks' margins substantially, one can expect the financial sector to remain under pressure for quite some time.”

If we take an example of Indian history, it is usually categorised into three periods ancient, medieval and modern, each having its own historiography.

Both APRA and the Reserve Bank of Australia will remain cautious before undertaking any measures that may tighten the condition of the economy any further.