On this episode of MB Fund Webinar, China Triple Threat will have David Llewellyn-Smith joining Damien Klassen and Tim Fuller to cover the latest from China. How will China handle the EM crisis? How will Xi respond to Trump’s Trade War? Is China slowing or is it unleashing more debt? What are the implications for investment?
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By Leith van Onselen The ABS has released its Australian Demographic Statistics for the December quarter of 2017, which revealed that Australia’s population continues to grow rapidly led by turbo charged net overseas migration (NOM), mostly into Sydney and Melbourne. According to the ABS, Australia’s population rose by 1.59% in the year to December 2017
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Via Westpac: Governor Lowe opened his comments with the observation that he felt he was the odd one out; a central bank governor that had not experienced negative interest rates, had avoided implementing QE and does not provide forward guidance. But he then noted the striking similarity in the Australian economy with most other economies
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Global Macro / Markets / Investing: Brexit talks have effectively killed off U.K. growth, economist Danny Blanchflower says – Bloomberg Deutsche Bank lost 12 times more than it thought was possible in one day of trading – Business Insider Day trader sues broker over demo trading platform mix up – FT (oops!) Oil trader warns
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You’d think everything is fine outside Australia, but emerging markets and a higher USD are dragging risk markets across the region down. With the BOE meeting tonight, Pound Sterling is hovering at a low against USD, while the Aussie dollar is also plumbing new lows. The Shanghai Composite was unable to translate yesterdays fishy positive session
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AUD is weak during the day and looks ready for more: Bonds are flogged but the curve is flattening fast: And as this bad news filters into markets, the ASX is going nuts: Dalian is up: Big Iron is up: Big Gas is flat: Big Gold is up: The Big Mortgage bear market rally is
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Canada may well be presaging the Australian property market with buying conditions in May falling well below expectations. And its the fault of the millenials of course: New mortgage regulations which are now in full swing have stymied fringe buyers, particularly millennials. According to new data from credit bureau TransUnion, new mortgage originations among millennials in Canada
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From the AFR: “Broke” real estate agents are quitting British disrupter Purplebricks in droves as the fixed-fee agency’s low-margin, high-turnover business struggles to achieve enough sales amid a slowing Australian housing market. Research by The Australian Financial Review found at least 27 agents had quit Purplebricks Australia since March with overall agent numbers now down to
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Meh: Home Values Across Australia Will Continue To Diverge Into 2019, Based On The CoreLogic-Moody’s Analytics Australian Home Value Index Forecast Moody’s Analytics has developed an econometric model to forecast the direction of Australia’s residential property market down to the Statistical Area 4 level, using historical data from CoreLogic’s Hedonic Home Value Index. SA4s are geographic
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Via WBC: The Aussie has been one of the worst performers in the broad-based US dollar rally since the June FOMC and ECB meetings. It is now below our weekly fair value estimate for the first time this year. If US-China trade tensions remain the market focus in coming weeks, risks are to 0.72/0.73. But
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