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Macro Afternoon

March 5, 2021 - 16:00 -- Admin

Another sea of red for Asian stocks going into the end of the trading week but at least its not a bath of blood like that found on Wall Street at the moment, with minor retracements and some buying support evident. Bitcoin however can’t find any more buyers to shore up the recent rout, with

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Weekly COVID-19 (Coronavirus) statistics and analysis flipbook

March 5, 2021 - 14:45 -- Admin

See our Coronavirus data Dashboard for individual country data. COVID-19 statistics and cases around the World   Europe Latin America United States Israel More COVID-19 Statistics and Analysis See our latest blog posts or podcasts here. See our Coronavirus data Dashboard for individual country data Data sources This is a list of some of the

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Government rejects plea to bring international students back

March 5, 2021 - 14:30 -- Admin

Earlier this week, the chief lobbyist for the international education industry, Phil Honeywood, called on the federal government to run charter flights and separate quarantine facilities to bring international students into the country: “There’s no reason why we can’t have charter flights bringing the students in, walking them across the tarmac into separate quarantine facilities

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Less ‘B’ in the CBD?

March 5, 2021 - 14:00 -- Admin

By Ross Elliott, cross-posted from The Pulse The next Census will be conducted in August 2021, by which time you’d expect economic life has largely settled around ‘a new normal.’ It’s pretty clear that when the data is released on place of work, CBDs will probably have fewer people working in them than the previous

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Should Australia tax electric vehicles?

March 5, 2021 - 13:40 -- Admin

Victoria and South Australia are seeking to impose levies on electric car users to compensate for not having to pay fuel excise, arguing they should help pay for road maintenance. However, the Greens have tabled legislation in the Senate aimed at discouraging these measures, arguing they will impede the move to net zero emissions and

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Auction market ended February white hot

March 5, 2021 - 13:20 -- Admin

CoreLogic has released its final auction clearance rates for last week, with the final clearance rate remaining at a near six-year high of 79.3%, just a whisker below the prior week’s 79.6%. Clearances were also well up from the 73.9% final clearance rate recorded in the same time last year when the property market was

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Aged care tax rejected by Frydenberg

March 5, 2021 - 13:00 -- Admin

Treasurer Josh Frydenberg has acknowledged that funding for the aged-care sector needs to be increased, but he says that growing the economy is the best way to do this. The final report of the aged-care royal commission recommended increasing funding for the sector via the tax system. However, Tony Negline from Chartered Accountants Australia and

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Mortgage stress ratchets back up

March 5, 2021 - 12:40 -- Admin

Digital Finance Analytics (DFA) has released mortgage stress data for February, which ratcheted back up to 41.8% of households, up from 39% in January. DFA’s survey is based on a survey of 52,000 people and measures free cash flow. It attributes the lift in mortgage stress to three main factors: people are spending more and

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Nordea: Vaccines ripping, reopening boom imminent

March 5, 2021 - 12:20 -- Admin

Yesterday I noted that the latest research on vaccine efficacy coming out of the UK is very encouraging. The vaccines are working better than expected from lab tests and once fully immunised even virus variants are heavily retarded. Today Nordea looks at the timetablele for rollout and reopening: Key takeaways from the analysis 35-37% of

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States pressure ScoMo on quarantine

March 5, 2021 - 12:00 -- Admin

State Governments are growing increasingly agitated over quarantine arrangements and are expected to turn up the pressure on the federal government at today’s National Cabinet meeting. A fight has broken out between the NSW Government and its counterparts in Queensland and WA after NSW sent both states an invoice for $7 million (WA) and $30

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