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Daily LNG price update (India loves USA)

June 2, 2015 - 00:03 -- Admin

The Brent oil price eased a little last night as we approach the OPEC meeting. Going in, Saudi appears relaxed, from Reuters: Saudi Arabia’s oil minister Ali al-Naimi said on Monday he expects oil demand to pick up in the second half of 2015 while supply decreases, in a sign that the Saudi strategy of

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China’s top tier city realty takes off

June 2, 2015 - 00:02 -- Admin

Cross-posted from Investing in Chinese Stocks. The CREIS May report for 100 cities is out and it shows prices rising 0.45% nationally. Gainers and losers were almost even: 48 cities saw gains, 52 saw losses. Bifurcation continues: the ten largest cities saw new home prices increase 0.99%. Source: 2015年5月中国房地产指数系统百城价格指数报告 Some cities are going nuts again.

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Links 2 June 2015

June 2, 2015 - 00:01 -- Admin

Global Macro / Markets / Investing: Monetary policy and inequality – Brookings Roubini: The liquidity timebomb – monetary policies have created a dangerous paradox – The Guradian Why did Lehman Brothers Collapse? – Bloomberg View Lynch’s Secret to Finding Value Discovers Little in S&P 500 – Bloomberg Easy Access to Money Keeps U.S. Oil Pumping

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ASX at the close

June 1, 2015 - 16:24 -- Admin

Chris Weston, Chief Market Strategist at IG Markets Looking around the capital markets on the first day of the new week and month, the bigger movers on the day have really been the EUR, NZD and ASX 200. The 1% downside move in the ASX 200 has certainly been noticed, especially after Friday’s strength, although

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The RBA could cut tomrrow

June 1, 2015 - 14:35 -- Admin

Tomorrow’s RBA meeting will see a more dovish RBA. The shocking capex data of last week has basically declared the end of its so-called “rebalancing” of the economy from mining to housing and consumption and non-mining investment. As David Uren notes today: Non-resource investment will fall to its lowest share of the economy since the

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Minerals exploration collapses

June 1, 2015 - 12:54 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) today released its Mineral & Petroleum Exploration data for the March quarter, which revealed heavy falls in minerals exploration expenditure. Nationally, expenditure on minerals exploration fell by a seasonally-adjusted $59 million (-13.4%) over the March quarter, continuing the extended run of falls (see next chart).

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China steel PMI tanks

June 1, 2015 - 12:51 -- Admin

The China data keeps rolling with the non-manufacturing PMI out and still growing at 53.2 but slower over the month by 0.2. The non-manufacturing PMI includes the construction sector and it is still contracting at 48.9 but the falls have slowed. More directly, the steel component of the manufacturing PMI tanked 6 points to 42.4 and

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John Fraser washes hands of Budget fiddle

June 1, 2015 - 11:55 -- Admin

 More from John Fraser in the senate from the AFR: As revealed by The Australian Financial Review last month, expected surpluses next decade have been significantly boosted by the inclusion from 2020-21 of earnings from the $117 billion fund. In a fiery exchange in estimates on Monday, Mr Fraser indicated he was not responsible for

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Dwelling approvals may have peaked

June 1, 2015 - 11:55 -- Admin

By Leith van Onselen The Australian Bureau of Statistics (ABS) has released dwelling approvals data for the month of April. At the national level, the number of dwelling approvals fell by a seasonally adjusted 4.4% to 18,715. The overall fall was driven by the volatile unit and apartment segment, which slumped by 15.0% in April.

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Business indicators slight GDP positive

June 1, 2015 - 11:39 -- Admin

From the ABS comes Business Indicators for the March quarter: MARCH KEY FIGURES Dec Qtr 14 to Mar Qtr 15 Mar Qtr 14 to Mar Qtr 15 % % Sales of goods and services (Chain volume measures) Manufacturing Trend -1.7 -4.2 Seasonally Adjusted -4.1 -5.1 Wholesale trade Trend 0.7 2.2 Seasonally Adjusted 1.9 3.3 Inventories

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