Articles from MacroBusiness

Australian dollar hammered anew as stocks struggle

DXY is on the march again. CNY is weak at two year lows and EUR was soft as well: AUD was universally weak: Gold was soft: Oil flat: Base metals too: Big miners eased up: Chinese stocks held off the EM rout for a day: Junk was OK: Treasuries were flat: And bunds: Italy improved:

The post Australian dollar hammered anew as stocks struggle appeared first on MacroBusiness.

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

ScoMomentum hurtles towards worst electoral wipe out since WWII

Via The Australian: Scott Morrison faces an epic challenge to restore confidence in his shattered government, with new polling analysis showing a collapse in support for the Coalition in every mainland state and across every demographic group since the leadership spill. Analysis of four Newspolls since the August 24 leadership spill casts a bleak picture

The post ScoMomentum hurtles towards worst electoral wipe out since WWII appeared first on MacroBusiness.

NSW stamp duty receipts collapse

By Leith van Onselen The NSW Office of State Revenue has updated its stamp duty data for September 2018, which reveals that residential stamp duty receipts are crashing following a monumental five-year boom: As shown above, annual NSW residential stamp duty receipts ($6,517 billion) in September fell further from October’s all-time high of $7.516 billion;

The post NSW stamp duty receipts collapse appeared first on MacroBusiness.

CoreLogic: Auction volumes and clearance rates have crashed

By Leith van Onselen CoreLogic has released its September quarter Auction Market Review, which revealed an epic decline in both auction volumes and clearance rates across Sydney and Melbourne. The below graphics summarise the situation: As you can see, the national capital city clearance rate declined by 14.2% in the year to September, with volumes

The post CoreLogic: Auction volumes and clearance rates have crashed appeared first on MacroBusiness.

Falling house prices push new car sales lower

By Leith van Onselen The Federal Chamber of Automotive Industries (FCAI) latest monthly sales data revealed that new car sales fell 5.5% in September from September 2017: According to the FCAI release: Sales in September fell across all states and territories compared to September 2017, other than Tasmania, which saw an amazing 21.9 per cent

The post Falling house prices push new car sales lower appeared first on MacroBusiness.

HSBC: Australian dollar to fall to 0.68 cents

Via HSBC on those arguing the USD is going to fall: Argument 1) Fed rates are near the peak and are already priced in What they say: Rates may be moving closer to neutral, but this is not the same as the peak rate. Doubts remain about when and how quickly other central banks will

The post HSBC: Australian dollar to fall to 0.68 cents appeared first on MacroBusiness.

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

Links 23 October 2018

Global Macro / Markets / Investing: International investors back away from Saudi Arabia – FT The Secret Lives of Central Bankers – NY Times Bull Market’s Latest Hurdle: Slowing Sales Growth – WSJ Doubts grow over US equity outlook – FT No one is killing it in crypto (not even Woz) – FT Americas: The

The post Links 23 October 2018 appeared first on MacroBusiness.

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

Macro Afternoon

Outside Australia it’s been a much better return to form for equities here in Asia, particularly in China which has extended its bounce from Friday in both Hong Kong and the mainland, mainly on the back of a proposed new tax plan for households to stimulate the economy. FX markets have been generally positive for

The post Macro Afternoon appeared first on MacroBusiness.

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

Coalition Government quietly cuts R&D spending

By Leith van Onselen Back in December 2015, former Prime Minister Malcolm Turnbull launched his National Innovation and Science Agenda under much fanfare. According to Turnbull, this agenda “will invest $1.1 billion to incentivise innovation and entrepreneurship, reward risk taking, and promote science, maths and computing in schools”, and will include tax concessions and tax

The post Coalition Government quietly cuts R&D spending appeared first on MacroBusiness.

Canadian pot legalisation packs budget cone by $400m a year

By Leith van Onselen Recreational cannabis became legal in Canada on 17 October, in a move that is expected to raise $400 million a year for federal and provincial governments. Canada’s Prime Minister, Justin Trudeau, marketed the policy as taking profits away from organised crime and criminals: At the same time as Canada and nine

The post Canadian pot legalisation packs budget cone by $400m a year appeared first on MacroBusiness.

Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Primary tabs

Australian dollar hammered anew as stocks struggle

ScoMomentum hurtles towards worst electoral wipe out since WWII

NSW stamp duty receipts collapse

CoreLogic: Auction volumes and clearance rates have crashed

Falling house prices push new car sales lower

HSBC: Australian dollar to fall to 0.68 cents

Links 23 October 2018

Macro Afternoon

Coalition Government quietly cuts R&D spending

Canadian pot legalisation packs budget cone by $400m a year

Pages