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Beijing property cools

May 3, 2017 - 00:04 -- Admin

Via Investing in Chinese Stocks. Some anecdotes from an article on the current state of Beijing’s real estate market: Reporters found that Beijing second-hand housing average transaction price fell 6.8% in April, net sign down 36% year on year, …”There are more buyers in the wait-and-see situation.” …”Volume fell more than 50%, the previous store

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Links 3 May 2017

May 3, 2017 - 00:01 -- Admin

Global Macro / Markets / Investing: Are National Currencies Headed To The Blockchain? – Forbes Wall Street Fear Gauge VIX Sinks to Decade Low – WSJ Wall Street’s ’fear gauge’ plunges to 10-year low as even Trump can’t rattle this bull – CNBC The decline of Arctic sea ice – The Economist Factor Investing in Multi-Asset Portfolios – Think New

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Macro Afternoon

May 2, 2017 - 17:47 -- Admin

by Chris Becker Outside of Japan its been a relatively quiet and dour session in Asia with Chinese and Australian stocks barely moving while currency markets absorbed a stronger USD and Euro going into tonights unemployment print. Commodities are steady as well although the gold bugs are not finding much support as the USD resurges.

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Will sputtering US growth kill its stock market?

May 2, 2017 - 14:51 -- Admin

From Zero Hedge comes come some cool charts today: Is that meaningful or bear porn? Q1 US GDP was pretty ordinary at 0.7% last week, weighed down largely by a lackluster consumer who retrenched at the fastest quarterly pace since the GFC: Is this some kind of election hangover? Certainly it sits completely at odds with

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RBA holds

May 2, 2017 - 14:34 -- Admin

Barely even noticed! At its meeting today, the Board decided to leave the cash rate unchanged at 1.50 per cent. There has been a broad-based pick-up in the global economy since last year. Labour markets have tightened further in many countries and forecasts for global growth have been revised up. Above-trend growth is expected in

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More on rising mortgage stress

May 2, 2017 - 14:18 -- Admin

Again from Martin North: Following the initial release yesterday, and the coverage in the AFR, today we drill down further into the latest mortgage stress results. By way of background, we have been tracking stress for years, and in 2014 we set out the approach we use. Other than increasing the sample, and getting more

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Saul Eslake: how to fix housing affordability

May 2, 2017 - 13:00 -- Admin

By Leith van Onselen Independent economist, Saul Eslake, has penned a good treatise on how to make Australian housing affordable, which provides the following concluding recommendations to federal and state governments: It’s worth emphasising that a strategy which embraces all of these areas requires a sustained commitment from all levels of government – Commonwealth, state

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Flufferfax: Headless man declares he has no head

May 2, 2017 - 12:20 -- Admin

Sparkling journalism today at Flufferfax: ANZ chief executive Shayne Elliott said talk of a housing bubble was simplistic, as the bank published figures showing more people were repaying their home loans on time than two years ago. Speaking on the day the Melbourne-based bank reported a below-expectations $3.4 billion cash profit for the six months

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Iron ore pulls a Constanza

May 2, 2017 - 12:13 -- Admin

Chinese soft data maybe falling away fast but Dalian is doing the opposite with coking coal and especially iron ore flying: I’ve no idea why Dalian is pulling a Costanza but it probably has something to do with mill closures or the like. Noise basically. Still, Big Iron is enjoying it: Big Gas is also

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Caixin China PMI stalls

May 2, 2017 - 11:50 -- Admin

From Caixin: Latest data indicated that Chinese manufacturers started the second quarter with a further slowdown in production and new business growth. Employment across the sector meanwhile declined at the fastest pace since the start of the year and input buying rose only slightly. At the same time, optimism towards the 12-month outlook was the

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