Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

RIO hoses down Forrest

May 7, 2015 - 13:33 -- Admin

From the Canbarra Times comes Sam Walsh who confirmed RIO will proceed with its looming expansion: Responding to recent criticism from Fortescue chairman Andrew Forrest and WA premier Colin Barnett, Mr Walsh said Rio’s growth strategy and market share had scaresely changed over the past decade. “A decade ago when I led the iron ore group,

The post RIO hoses down Forrest appeared first on MacroBusiness.

Unemployment in detail

May 7, 2015 - 12:52 -- Admin

By Leith van Onselen As summarised earlier, the Australian Bureau of Statistics (ABS) today released labour force data for the month of April, which registered a small rise in the headline unemployment rate (from 6.1% to 6.2%). The result disappointed analyst’s expectations, who had expected the unemployment rate to rise to 6.1% but with 4,000

The post Unemployment in detail appeared first on MacroBusiness.

RM business confidence sinks to new low

May 7, 2015 - 12:36 -- Admin

From RM: Roy Morgan Research’s Business Confidence results in April dropped by 7.3 points (down 6.5% to 105.1) from March. This is the lowest level since August 2011 (101.8) and continues the underlying downward trend seen since the peak of 136.3 in October 2013. It is also well below the five-year average of 117.3. These

The post RM business confidence sinks to new low appeared first on MacroBusiness.

Budget preview

May 7, 2015 - 12:26 -- Admin

Budget preview courtesy of Westpac.

The post Budget preview appeared first on MacroBusiness.

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

Australian bonds price rate hikes

May 7, 2015 - 12:18 -- Admin

Market are sure determined to call the RBA’s bluff. I guess they know a bunny when they see one. Following another lukewarm labour market report, bonds have sold again with the 2 year now pricing half a rate hike at 2.13%: Very amusing! The longer end is harder to judge and is more influenced by

The post Australian bonds price rate hikes appeared first on MacroBusiness.

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

On China’s falling iron ore output

May 7, 2015 - 12:13 -- Admin

From UBS: China’s domestic raw iron ore production is falling, latest data is 105.1Mt/mth for Mar-15 vs 120.9Mt pcp. This measure we do not see as particularly timely nor reliable, but the direction is as we expect with prices under pressure. We believe that most of the shuts required from here in the iron ore market will need to

The post On China’s falling iron ore output appeared first on MacroBusiness.

Jobs miss

May 7, 2015 - 11:35 -- Admin

The ABS has released the April labour market survey and it’s a dud: TREND ESTIMATES (MONTHLY CHANGE) Employment increased to 11,725,000. Unemployment decreased to 767,500. Unemployment rate decreased less than 0.1 pts to 6.1%. Participation rate remained steady at 64.8%. Aggregate monthly hours worked increased 6.9 million hours to 1,643.7 million hours. SEASONALLY ADJUSTED ESTIMATES

The post Jobs miss appeared first on MacroBusiness.

How high can the China stock bubble go?

May 7, 2015 - 11:26 -- Admin

by Chris Becker Financial theory tells us that stock market bubbles and their demise are hard, if not impossible to predict and furthermore, history does not repeat itself or make “patterns”. Of course there’s a big difference when it comes to the practical side of finance, where human behaviour behind the bubbles and the busts

The post How high can the China stock bubble go? appeared first on MacroBusiness.

Are markets forcing rate hikes on Australia?

May 7, 2015 - 10:51 -- Admin

That’s what Gotti argues today at Dad’s Army: Overseas investors hammered the Australian bond market last night sending prices lower and yields higher which will have dramatic ramifications for Australian shares, property, banks, interest rates and the broader Australian economy. A key driver in the bond sell off is that, as a result of long

The post Are markets forcing rate hikes on Australia? appeared first on MacroBusiness.

Ugly start on the ASX200

May 7, 2015 - 10:27 -- Admin

by Chris Becker Its an ugly start today on the local share market, with the ASX200 down nearly 1.5% on the open, with financials leading the way after NAB’s shock $5.5billion rights issue. The technical position here is dire if we close today or this week in the red, with 5500 points the next target:

The post Ugly start on the ASX200 appeared first on MacroBusiness.

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

Pages