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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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Santos profit shock, CEO resigns

August 21, 2015 - 09:54 -- Admin

The LNG crash just turned nuclear. Santos announced first half net profit of $37 million versus $80 million expected. The full year target is $253 million. Fat chance. For some stupid reason it retained its dividend (with a 25% cut) and denied the need for a capital raising. Amazingly, CEO David Knox resigned and the company will undertake a full strategic

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Another property sale for the ATO to track

August 21, 2015 - 09:43 -- Admin

By Leith van Onselen From Domain comes news that former Liberal Party leader, John Hewson, is attempting to sell his mansion in Exeter, New South Wales, to a Chinese buyer: Former Liberal Party leader John Hewson has had no luck selling his Tudor-style home in Exeter, Invergowrie, at home, so he’s taking the sale direct

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RBNZ targets Auckland specufestors

August 21, 2015 - 09:36 -- Admin

From Martin North: The Reserve Bank today published a summary of submissions and final policy positions in regards to changes in the Loan to Value Ratio restriction rules (LVRs), and the asset classification of residential property investment loans in the Capital Adequacy Framework. As announced in May, the Reserve Bank is altering existing LVR rules

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