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MacroBusiness Thursday, April 15, 2021 - 17:41 Source

ASX 200   Gold   Brent   Nikkei 225   Hang Seng   Nasdaq 100   S&P 500   FTSE 100   GBP/USD   EUR/USD   AUD/USD     Australia – Unemployment, UnderEmployment & Underutilisation   Employment – Selected Nations 2020 – 2021

The post Macro Afternoon: 15 April, 2021 appeared first on MacroBusiness.

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Club Troppo Thursday, April 15, 2021 - 16:34 Source

I continue listening to Stefan Zweig’s description of the disasters of the twentieth century a passage of which I’ll reproduce below.

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Renew Economy Thursday, April 15, 2021 - 15:00 Source

Melbourne-based "solar hydro" tech company gets new investment from equity partner Photon, to boost plans for 100MW/1,000MWh solar + storage project.

The post Solar storage tech company RayGen locks in new funding appeared first on RenewEconomy.

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The Australian Independent Media Network Thursday, April 15, 2021 - 14:39 Source

Before he became Prime Minister, you never saw photos of Scott Morrison wearing a baseball cap.  Or building a chicken coop.  Or cooking a curry.  Or injecting himself into kids’ footie training.  Or wearing boardies and thongs whilst on the phone to an international counterpart. “You’re not a celebrity, you’re an elected representative, you’re a…

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Renew Economy Thursday, April 15, 2021 - 14:11 Source

Press Release Sydney, April 9th, 2021 – JinkoSolar Holding Co., Ltd. (the “Company,” or “JinkoSolar”) (NYSE: JKS), as one of the largest and most innovative solar module manufacturers in the world, today announced that according to SunWiz’s “2020 Australia Solar Year in Review” Report, the company captured the highest market share of 22% in Australian […]

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Renew Economy Thursday, April 15, 2021 - 14:10 Source

Eric Coldham from Star of the South discusses the massive 2GW offshore wind project in Victoria that could be up and running in 2028.

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MacroBusiness Thursday, April 15, 2021 - 14:00 Source

Just to underline how stoopid the Morrison Government has been. Via Morgan Stanley: COVID-19 Vaccine: US on Track to Achieve Broad Vaccination by Mid-Summer Our updated simulations suggest that the US can vaccinate the entire eligible population (12+yo) by mid-summer, in-line with our prior estimate. Our increased confidence in the rate and supply of vaccinations

The post US could vaccinate Australia in 7 days appeared first on MacroBusiness.

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Renew Economy Thursday, April 15, 2021 - 13:59 Source

aerial of Kidston Renewable Energy Hub (1) - optimised

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Renew Economy Thursday, April 15, 2021 - 13:57 Source

rooftop solarAs rooftop solar installations set new records, new protocols are governing what and when is being generated and consumed in the home.

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Renew Economy Thursday, April 15, 2021 - 13:49 Source

Liddell Power Station Hunter Valley NSW Australia - optimisedThe OECD's criticism of Australia's climate record comes two months before former finance minister Matthias Cormann takes over as secretary-general.

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MacroBusiness Thursday, April 15, 2021 - 13:40 Source

The bears are still theres. As equity markets march relentlessly higher on vaccine rollouts, economic reopenings, catch-up growth and stimulus, a few growls can still be found. Deutsche is one: Equities have historically traded closely with indicators of cyclical macro growth such as the ISMs (correlation 73%). Growth (ISM) typically peaks around a year (10-11

The post Equity correction time? appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 13:35 Source

March was a month for value stocks to shine. Global markets boomed, up 5% and Australian markets rose 2.4%.  We had positioned our portfolios for a rise in bond yields and a rotation to value stocks and so our portfolios outperformed benchmarks. Our asset allocation portfolios all rose as well, our growth portfolio the best,

The post MB Fund March 2021 Performance appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 13:20 Source

Another day, another alarming scientific climate change report from a very authoritative source, The Climate Council: Climate change is accelerating with deadly consequences. The ecological systems that have sustained human life and societies for generations are being severely damaged by increasing heat and worsening extreme weather events. › There is no safe level of global

The post Climate Council alarm grows appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 13:00 Source

As the US prepares its annual currency manipulators report, TD Securities takes at a look at who’s doing the dodgy: Asia’s Currency Manipulators •The US Treasury Report on trading partners’ FX policies is likely to be released soon, possibly this week. In the period since the timeframe covered in thelastReportwe think USD buying FX intervention

The post Which Asian countries are currency manipulators? All of ’em appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 12:40 Source

Perhaps the empathy training is working after all. Fresh from her Rapegate holiday, newly-minted Government Services Minister, Linda Reynolds, has decided against the proposed pursuit of NDIS lying cows: The Morrison Government had planned to cut costs in the NDIS. But, the rollout of “mandatory assessments” to catch disabled and infirm rorters has been postponed.

The post Rapegate Reynolds allows NDIS lying cows appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 12:40 Source

Perhaps the empathy training is working after all. Fresh from her Rapegate holiday, newly-minted Government Services Minister, Linda Reynolds, has decided against the proposed pursuit of NDIS lying cows: The Morrison Government had planned to cut costs in the NDIS. But, the rollout of “mandatory assessments” to catch disabled and infirm rorters has been postponed.

The post Rapegate Reynolds stops hunting NDIS lying cows appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 12:20 Source

Credit Suisse with the note: April thus far has seen global equity markets in the main continue their steady march higher, led as usual by the pied piper of US equity markets. The laggards / losers have been the likes of Chinese, Indian, Russian and Turkish equities, which reflect local problems linked to covid spikes,

The post CS: US dollar bull market intact appeared first on MacroBusiness.

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Renew Economy Thursday, April 15, 2021 - 12:04 Source

Trading halted in Tilt Renewables as company flags potential higher bid than the agreed $2.75 billion offer from a consortium led by AGL.

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MacroBusiness Thursday, April 15, 2021 - 12:00 Source

Via Banking Day: In Melbourne and Sydney, it’s a renters market and lending for investment housing is taking off as the epicentre of credit stress in banking. Rents in Melbourne, the worst hit market, are down as much as 16 per cent since the pandemic and the long lockdown hit the city hard. “Over the

The post Inner city rent crash to stress banks appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 11:55 Source

With vaccine clotting issues causing delays to rollout worldwide, MB Fund’s Chief Strategist David Llewellyn Smith, Head of Investments Damien Klassen, senior analyst Radek Zeleny, Head of Advice Tim Fuller the investment team investigate if this be catalyst for a stock market stumble Locally, our own federal government is currently under fire for a slow

The post MB Fund Podcast: Are markets cured of COVID at last? LIVE NOW appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 11:40 Source

Directly from the ABS: Key statistics Seasonally adjusted estimates for March 2021: Unemployment rate decreased to 5.6%. Participation rate increased to 66.3%. Employment increased to 13,077,600. Employment to population ratio increased to 62.6%. Underemployment rate decreased to 7.9%. Monthly hours worked increased by 38 million hours. Feb-21 Mar-21 Monthly change Monthly change (%) Yearly change Yearly

The post Women drive Aussie catch-up jobs boom appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 11:20 Source

The Victorian Chamber of Commerce & Industry (VCCI) has recommended the Victorian Government follow NSW’s lead and abolish stamp duty in its upcoming 2021 Budget. CEO Paul Guerra says that switching to a broad-based land tax regime will provide greater revenue certainty for the government while reducing the cost burden on home owners: Now is

The post VIC urged to follow NSW and end stamp duty appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 11:00 Source

Exclusively from Gerard Minack’s Downunder Daily: Inflation corrodes most asset values.  It’s harder for investors to protect themselves against high inflation than against deep recession.  Investors in developed markets haven’t had to worry about inflation risk for several decades, but now that risk is rising.  This note looks at what investments have succeeded in previous

The post Gerard Minack exclusive: US to lead cycle, inflation to boom appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 10:40 Source

Over the past few months, the hospitality industry has been one of the most vocal groups demanding migrant workers to ameliorate purported skills shortages. It has successfully secured favour from Liberal MP Julian Leeser, chair of the parliamentary committee looking into skilled migration, with Leeser singling out the hospitality industry as being in dire need

The post Hospitality industry needs to train workers, not cry ‘shortage’ appeared first on MacroBusiness.

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Renew Economy Thursday, April 15, 2021 - 10:34 Source

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MacroBusiness Thursday, April 15, 2021 - 10:20 Source

The Australian Bureau of Statistics (ABS) has released Overseas Arrivals and Departures data for February 2020, which confirmed that net migration into Australia remains negative. There were 22,830 net permanent & long-term departures in the 11 months since the beginning of the pandemic in March 2020, representing the first time that net arrivals has been

The post Australia continues to lose migrants appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 10:00 Source

The Australian Bureau of Statistics (ABS) yesterday released Building Activity data for the December quarter of 2020, which revealed a big 18.6% rise in dwelling commencements over the quarter driven by a 27.0% surge in detached house commencements: By comparison, unit & apartment commencements rose by only 4.6% over the quarter and are tracking close

The post HomeBuilder delivers massive jump in housing starts appeared first on MacroBusiness.

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Renew Economy Thursday, April 15, 2021 - 09:48 Source

Could Scott Morrison set a net zero by 2050 target without changing Australia's current go-slow on climate policy? Definitely, yes.

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MacroBusiness Thursday, April 15, 2021 - 09:40 Source

A new study today from Swinburne Univerity is unequivocal about the collapse in support for Morrison’s misogynists: Australian women’s support for the Morrison Government collapsed from 44% to 29% from Q4 20, Q1 21. Men’s rating was unchanged at 47%. This is the largest gender gap in the history of the survey (though that is

The post Women abandon Morrison’s mysogynists appeared first on MacroBusiness.

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MacroBusiness Thursday, April 15, 2021 - 09:20 Source

Yesterday the ferrous complex was mixed: But the headwaters of iron ore demand are increasingly ruffled. The crunch in China Huarong bonds got worse yesterday with some bonds trading at 80 cents on the dollar and 2022 issuance trading at a yield of 35%. Moreover, there’s an awakening underway that Chinese SOEs are no longer

The post China prepares cold dish of iron ore revenge appeared first on MacroBusiness.

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