By Chris Becker Friday night saw another new record high for US markets, all based on the expectation that the US/China trade talks will still present a positive outcome for both. USD fell against most of the majors while the risk proxy USDJPY pair jumped, so combined this should result in a very good start
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It’s all good again as steel and iron ore enjoy another bounce following China’s lousy growth report last week: China’s industrial economy is pretty weak but it is still being supported by the runaway building of empty apartments across lower tier cities. Thus things are still not bad enough for any material shift towards more
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DXY fell Friday night: The Australian dollar lifted: EMs were roughly stable: The diminshed AUD short position lasted one week, alas Gold fell: Oil climbed on a big drop in the US rig count: Metals sagged: Miners jumped: EM stocks too: Junk was firm: All bonds fell though Australia much less: Stocks soared towards heaven:
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Scummo went up in flames on the weekend. The liberal press applied the blowtorch. Laura Tingle captures the essence of it: It has been a week of catastrophe in Australia. For so many people, and so many communities, there have been days and nights of sleeplessness, exhausting anxiety, and fear of monstrous firestorms; and for
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After last week’s shocking employment survey from the ABS, Callam Pickering, economist for jobs site Indeed, has warned that the worst is yet to come for the Australian labour market: “The key to the labour market going forward is whether the economy can turn around, and what we’ve seen in the September quarter and early
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On Friday, L-plated Treasurer Josh Recessionberg approved the takeover of Bellamy’s by a Chinese Communist Party owned enterprise: Australia: Mengniu 蒙牛 , agent of Chinese party-state in NZ, created CCP United Front Chinese business group, the China NZ Business Council 中国-新西兰商务理事会 under control of Yashili owner Mengniu and CCPIT. Now approved to buy Australia’s Bellamy’shttps://t.co/EN9EcS3ujO
Auction clearance rates lifted slightly over the weekend, with the preliminary rate nationally coming in at 74.1%, up from 72.0% last weekend: Auction clearances were also way above the 42.0% recorded in the same weekend last year: Sydney’s preliminary clearance rate was 77.2%, down from 81.0% last weekend, but way above the 42.8% recorded in
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A new study by Vietnam-based consultancy Cturtle found that the return on investment for international students studying at Australian and other Western universities is far less than if they had studied at an Asian offshore campus: It found that seven to 11 years after graduation, offshore campus graduates were earning $US4721 compared with $US3632 for
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Global Macro / Markets / Investing: Iranian Protesters Set Fire to the Central Bank of Iran After Fuel Price Rise – 7Bitcoins Retired Philantropist Bill Gates becomes the richest man in the world – Fox Once the Fed begins raising rates the everything-bubble will pop – Business Insider Wealth Disparity Expands Further – Ritholtz Bitcoin
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Global Macro / Markets / Investing: Wework loses $1.3 billion against topline of $934M ahead of aborted IPO – Bloomberg Global Economy ‘Breakdown’ Seen Putting More Workers at Risk of Slavery – VOA News The ‘Doomsday’ Economists Were Wrong – BeInCrypto Oil rises after OPEC’s Barkindo says U.S. shale growth may slow in 2020 –
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