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ASX at the close

August 21, 2015 - 16:51 -- Admin

Angus Nicholson for Chris Weston, Chief Market Strategist at IG Markets Global markets continue to decline…when will they stop? Global markets are in panic mode as the full scale of China’s slowdown becomes clearer and the market pricing for a Fed September rate hike is unwound. Asian markets are a sea of red. WTI has

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A whiff of sulfur as Shanghai threatens new low

August 21, 2015 - 15:17 -- Admin

The global economy is not well this afternoon as equities get flogged and Asian currencies tremble as a toxic cocktail of falling oil prices, deepening deflation, capital flight to the US and loss of competitiveness to a devaluing China hammers emerging markets. Enter Shanghai stocks which are back to their lowest in weeks and threatening new

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Big iron hangs on grimly as world crumbles

August 21, 2015 - 13:54 -- Admin

Big iron is hanging on grimly to last night’s rise in London as China and the world falls all around it. The China PMI has dumped S&P500 futures, oil is threatening to break into $45 and Shanghai stocks are down 2% and within spitting distance of a new low. But RIO is up 0.3% and BHP

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How much money is laundered in Oz realty?

August 21, 2015 - 11:56 -- Admin

By Nathan Lynch, Head Regulatory Analyst for Australia & New Zealand, Thomson Reuters Australian authorities are “tightening the noose” around money laundering involving real estate, amid concerns that inflows of illicit funds into established residential property may be over-heating some capital city markets. There are growing concerns at the federal government level that Australia’s failure

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China Flash PMI hits 6 year low

August 21, 2015 - 11:48 -- Admin

This ain’t pretty:  Flash China General Manufacturing PMI™ at 47.1 in August (47.8 in July). 77-month low.  Flash China General Manufacturing Output Index at 46.6 in August (47.1 in July). 45-month low.

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Aussie bond yields narrow sharply

August 21, 2015 - 11:31 -- Admin

After breaking support yesterday the Aussie 10 year bond yield is galloping in now: The big moves are at the long end but the whole curve is coming in: The Australian slope is falling fast but is still far too steep thanks to an inept RBA: Spreads to the US are verging on breakdown: There’s

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NOAA: July warmest month in history

August 21, 2015 - 11:03 -- Admin

From the US NOAA: Temperature anomalies and percentiles are shown on the gridded maps below. The anomaly map on the left is a product of a merged land surface temperature (Global Historical Climatology Network, GHCN) and sea surface temperature (ERSST.v4) anomaly analysis as described in Huang et al. (2015). Temperature anomalies for land and ocean

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LNG destruction (update)

August 21, 2015 - 10:53 -- Admin

So, the share market has lit up with LNG selling and the damage is extensive. WPL is down 2% and right on long term support: STO is down 7% and at 2003 levels, where all of these stocks are going in my view: ORG is down 4% and must be wondering what the Hell it

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Sun King turns gloomy

August 21, 2015 - 10:32 -- Admin

Rup is having a bad day: Don’t worry, Rup, Donald Trump will save us.

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Kiwi exodus recession indicator at quarter century high

August 21, 2015 - 10:26 -- Admin

By Leith van Onselen Statistics New Zealand has just released its permanent & long-term migration figures for July 2015, which revealed that net migration to New Zealand hit a record highs in seasonally adjusted terms: Moreover, in the month of July, there was a net inward migration of people from Australia of 263 people –

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