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Daily LNG price update (LNG as iron ore)

May 8, 2015 - 00:05 -- Admin

Brent oil was bashed lower last night to $65.62 as markets apparently fretted about Iran: Iran is “talking big,” said Phil Flynn, senior market analyst at the Price Futures Group. Iran produces about 2.7 million barrels a day, but Oil Minister Bijan Zangeneh said Thursday that if sanctions are lifted this year, the country could be

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More Chinese property bifurcation

May 8, 2015 - 00:02 -- Admin

From Investing in Chinese Stocks. Bifurcation is still in effect in China’s housing market, but it is becoming more extreme, at least in terms of the forecasts. One analyst is calling for a 15% increase in first-tier home prices this year (an annualized gain of more than 20%), meanwhile housing sales are flat to falling

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Links 8 May 2015

May 8, 2015 - 00:01 -- Admin

Global Macro / Markets / Investing: Bond markets shift into reverse – The Economist What Wall Street expects interest rates to do this year - BI Americas: 17 million Americans now insured under Obamacare – Bloomberg (more hurdles to come!) Buffett feels hedge fund chill at conference – Bloomberg (the hypocrisy is strong in Omaha)

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ASX at the close

May 7, 2015 - 16:03 -- Admin

Chris Weston, Chief Market Strategist at IG Markets Tide turns for the greenback Bond market weakness has been a key theme across the US and European markets. This has now clearly started having an impact on equities with confidence being sapped out of the market. Janet Yellen’s comments warning that long-term rates are very low

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Scutt exposes ABS jobs numberwang

May 7, 2015 - 15:20 -- Admin

From David Scutt: We applied monthly movements in the Australian jobs report over the past five years but adjusted them to reflect the size of the US labour force. The relative stability of the non-farm payrolls number — reported in grey — is about as far-removed from the volatility found in the Australian jobs equivalent

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RBA selfie backfire

May 7, 2015 - 14:56 -- Admin

by Chris Becker The RBA just released this “snapshot” of the Australian economy, I guess as a preview of its SOMP (Statement on Monetary Policy) to be released on Friday. Snapshots are great for the low attention span crowd, but even they could do the math quickly and note the average house price to earnings

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Forrest blames RIO as he sacks workers

May 7, 2015 - 14:34 -- Admin

Jeez: Fortescue has begun sacking hundreds of workers as it ditches its boom-time eight days on, six days off roster for 14 days on, one week off to cut costs. “It is a nonsensical injury from the iron ore price wars,” Mr Forrest said.”The two multinationals, now one, are continuing a strategy and we, all

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Infrastructure by media

May 7, 2015 - 14:27 -- Admin

Victoria’s tunneling for pork takes another turn today, from the ABC: A proposed road tunnel through Melbourne’s west appears to be in line for federal funding after Prime Minister Tony Abbott indicated he supported the idea “if it stacks up”. …Victorian Premier Daniel Andrews said he was “delighted” by the Prime Minister’s comments, after doubts

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IMF: Australian banks need capital and macroprudential

May 7, 2015 - 13:58 -- Admin

From the IMF’s new Regional Economic Outlook: Asynchronous monetary policies in major advanced economies in response to divergent cyclical conditions have contributed to large and rapid exchange rate realignments. Robust growth and the prospect of higher interest rates in the United States, coupled with the start of quantitative easing in the euro area and further

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Big iron sells with everything else

May 7, 2015 - 13:51 -- Admin

Big iron ore is down today with BHP leading the way at minus 1.5%, RIO is down 0.7% and FMG is up slightly. The indexes: The idiocy spreads are closing once more, except for FMG: The juniors: Dalian is down 7 points at 435, right on cue as we passed over $60. We will be under it tomorrow.

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