Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Shanghai flat

August 26, 2015 - 12:06 -- Admin

With no more praising of the A-shares, Shanghai is flat today:

The post Shanghai flat appeared first on MacroBusiness.

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

China consumer confidence firms

August 26, 2015 - 12:03 -- Admin

From Westpac: The Chinese economy remains a major source of concern for global investors. This anxiety is shared to some degree by Chinese households, but where foreign scepticism vis-à-vis growth prospects appears to be deepening on the back of weak business surveys and equity turmoil, consumers are tentatively marking up growth prospects, albeit from a

The post China consumer confidence firms appeared first on MacroBusiness.

WA posts big construction lift as mega projects converge

August 26, 2015 - 11:58 -- Admin

By Leith van Onselen The ABS has released data on the value of construction work done for the June quarter of 2015, which registered a seasonally-adjusted 1.6% rise in total construction activity over the quarter but a 3.3% decline over the year. The 1.6% quarterly lift in construction activity was driven by engineering construction (mostly

The post WA posts big construction lift as mega projects converge appeared first on MacroBusiness.

Captain Glenn fluffs the reform challenge

August 26, 2015 - 11:28 -- Admin

By Leith van Onselen Captain Glenn has given a short speech at the National Reform Summit entitled ‘Reform’ and Economic Growth, whereby he espouses the benefits of improved allocative efficiency from competition and other measures, but offers little in the way of actual solutions: Thank you for the invitation to take part in this very

The post Captain Glenn fluffs the reform challenge appeared first on MacroBusiness.

Is a Chinese shock building for Australian property?

August 26, 2015 - 11:26 -- Admin

From Bloomie: Some Chinese agencies involved in economic affairs have begun to assume in their research that the yuan will weaken to 7 to the dollar by the end of the year, said people familiar with the matter. The research further factors in the yuan falling to 8 to the dollar by the end of

The post Is a Chinese shock building for Australian property? appeared first on MacroBusiness.

UBS: Australia may already be in recession

August 26, 2015 - 10:31 -- Admin

From UBS: While even our (below consensus) GDP forecasts don’t meet the traditional definition of a recession (i.e. 2 consecutive quarters of negative real GDP), there is a higher than normal risk of at least 1 q/q contraction in the rest of 2015. …Q2 nominal GDP is likely to contract q/q (UBS -0.3%, +0.7% y/y),

The post UBS: Australia may already be in recession appeared first on MacroBusiness.

BHP’s grand delusion

August 26, 2015 - 10:23 -- Admin

Anyone that’s in the know understands that BHP is the round boy of the resources sector. It has an innovation-destroying middle management waste line that allows RIO to run operational rings around it. But even this stodginess does little to explain its slowness to adapt to a realistic outlook on China: BHP Billiton chief executive  Andrew Mackenzie has

The post BHP’s grand delusion appeared first on MacroBusiness.

BHP typifies Australia’s lost decade

August 26, 2015 - 09:57 -- Admin

By Leith van Onselen Another illustration of why GDP is an utterly useless indicator of economic welfare was provided yesterday afternoon, with BHP registering a 46% reduction in earnings before interest and tax (EBIT), with heavy commodity price falls easily eclipsing a significant lift in production volumes (see below table). The fall in BHP’s EBIT

The post BHP typifies Australia’s lost decade appeared first on MacroBusiness.

More BTFD from Credit Suisse

August 26, 2015 - 09:36 -- Admin

Via The Australian: Credit Suisse strategists stick to their bullish view on Aussie equities due to their solid free cash flow growth and an accommodative cost of debt. They predict interest rate cuts in China – which happened overnight – Thailand, Indonesia, New Zealand, and Australia, and no Fed rate hike until December. They add that

The post More BTFD from Credit Suisse appeared first on MacroBusiness.

Pages