Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Chinese steel in full blown boom

August 23, 2017 - 09:12 -- Admin

Macquarie’s excellent monthly steel mill sentiment survey leaves no room for doubt. Chinese steel is in a full blown boom:  Sentiment among players in the steel and iron ore industries remains very bullish this month, particularly on the steel side. The market is holding a positive outlook on steel prices based on the expectation

The post Chinese steel in full blown boom appeared first on MacroBusiness.

Macro Morning

August 23, 2017 - 09:00 -- Admin

By Chris Becker   Risk on as tensions ease both in the US and Korea’s, with the Trump administrations embiggened war in Afghanistan plus hope for a tax reform legislative agenda help prop up US stocks. The USD lifted alongside, sending a few major currencies down, including safe havens like Yen would should translate into

The post Macro Morning appeared first on MacroBusiness.

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

Australia’s challenge is not a US retreat, it is China’s advance

August 23, 2017 - 00:25 -- Admin

From Paul Keating yesterday: The United States will not be able to recover its position as the dominant power in the world – nor its approach to globalism – even if Donald Trump were to be replaced by vice-president Mike Pence, according to former prime minister Paul Keating. In a tough assessment of United States

The post Australia’s challenge is not a US retreat, it is China’s advance appeared first on MacroBusiness.

Are we past the Trump nadir?

August 23, 2017 - 00:24 -- Admin

DXY rebounded last night: AUD fell against it but rise against EUR: It fell against EMs: Gold held at the highs: Brent held at the lows: Base metals are still rising for no apparent reason: EM stocks took off: High yield too: US yields rose: And European, especially Italy: Stocks soared: Welcome to the Trump

The post Are we past the Trump nadir? appeared first on MacroBusiness.

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

Banks shower propaganda as WA follows SA on bank tax

August 23, 2017 - 00:15 -- Admin

Banks are bridling today via their good friend the AFR: The major banks have fired several torpedoes towards the government’s regime to lift standards in the banking sector, warning it will blur regulatory responsibilities, confuse legal obligations and lacks procedural fairness by preventing court appeals. National Australia Bank’s submission on the Banking Executive Accountability Regime is the

Straya trades the big backyard for “vertical slums”

August 23, 2017 - 00:14 -- Admin

From The Conversation. The densification of Australian cities has been heralded as a boon for housing choice and diversity. The up-beat promotion of “the swing to urban living” by one of Australia’s leading developer lobby groups epitomises the rhetoric around this seismic shift in housing. Glossy advertisements for luxury living in our city centres and

The post Straya trades the big backyard for “vertical slums” appeared first on MacroBusiness.

Daily iron ore price update (flame out)

August 23, 2017 - 00:05 -- Admin

Iron ore price charts for August 22, 2017: Tianjin benchmark rose 70 cents to $78.80. Coking coal futures are falling as the seaborne is now more expensive than Chinese sourced. Futures were pounded overnight. There’s a good chance we’re done here. Coking coal is unlikely to go higher and position limits in futures are weighing.

The post Daily iron ore price update (flame out) appeared first on MacroBusiness.

Chinese banks run out of credit

August 23, 2017 - 00:04 -- Admin

Via Reuters: Chinese banks are set to see a slowdown in lending growth in the second half of the year, having exhausted most of their annual credit quota, raising the spectre of corporate defaults as financing costs climb further in the world’s No.2 economy. Beijing’s crackdown on riskier lending has already stretched financing costs and

The post Chinese banks run out of credit appeared first on MacroBusiness.

Links 23 August 2017

August 23, 2017 - 00:01 -- Admin

Global Macro / Markets / Investing: World population to reach 9.8 billion by 2050, up 31% from now – PRNewswire (so let’s shove 30% more new Aussies in then?) Market forces will drive takeup on electric cars, even without bans on polluting vehicles – Cleantechnica Switch to renewables won’t end the geopolitics of energy –

The post Links 23 August 2017 appeared first on MacroBusiness.

Macro Afternoon

August 22, 2017 - 16:08 -- Admin

by Chris Becker Outside Japan its been a fairly positive day here in Asia with most stock markets advancing following the tepid mood overnight on Wall Street and Europe. The Yen weakened against the USD on the back of Trump’s Afghanistan speech as did Euro while Aussie dollar remained firm. In mainland China the Shanghai

The post Macro Afternoon appeared first on MacroBusiness.

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

Pages