Oz Blog News Commentary

Articles from MacroBusiness

China property not going to recover

November 28, 2022 - 09:40 -- Admin

Goldman with the bad news. We invited Mr. Wenliang Zhang (Managing Partner at Merits & Tree Law Offices and General Manager of Cinda Haisheng (Shenzhen) Fund Management Company) to provide his view on the “16 measures”. On-the-ground observation of policy impact Acknowledging that the “16 measures” offered a comprehensive package of actionable policies, Mr. Wenliang

Macro Morning

November 28, 2022 - 09:20 -- Admin

Wall Street finished the trading week in mixed fashion due to thin trading post the Thanksgiving holiday, with European shares also closing basically unchanged as the risk complex sailed through a quasi quiet week. The USD was still a bit weak against the major currencies on firming expectations of a slower pace of Fed rate

Lowly Mozambique humiliates Albo’s energy cowards

November 28, 2022 - 09:00 -- Admin

Last week, lowly Mozambique, one the poorest nation’s on earth, began LNG exports: Mozambique flagged off its first shipment of liquefied natural gas, exports that could help ease Europe’s energy crunch as Russia squeezes supplies. For Mozambique — one of the world’s poorest nations — it marks the end of a decade-long wait to monetize

Albo energy package takes shape

November 28, 2022 - 09:00 -- Admin

The RBA has made it plain how much the Albanese Government is reponsible for the inflation breakout: “One way of tackling inflation induced by supply-side shocks is to address the supply said,” Dr Lowe told Senate estimates committee hearing on Monday. “And if we can do something on energy and rents next year, inflation will

Britain provides glimpse at Australia’s immigration future

November 28, 2022 - 00:10 -- Admin

I have argued repeatedly that Australia is facing record net overseas migration (NOM) next year that will dwarf the federal budget’s 235,000 projection: Why? Because the Albanese Government has committed to the largest temporary and permanent migration intakes in this nation’s history via: Raising the permanent non-humanitarian migrant intake by 30,000 to a record high 195,000

Brisbane house prices are down 8%

November 28, 2022 - 00:06 -- Admin

Brisbane’s house price correction has hit a new milestone according to CoreLogic’s daily dwelling values index, with prices now down 8% from their mid-June peak: Brisbane prices continue to fall at the fastest pace in the nation, down 5.6% over the quarter: Brisbane housing values soared by 42.7% between August 2020 and June of this

Is the Australian dollar rout over?

November 28, 2022 - 00:05 -- Admin

DXY found some footing Friday night: AUD eased: Interesting that the bear market rally has not dislodged speculative shorts: Oil looks ready to break: Base metals are stuck: Miners don’t care: EM stocks are unconvincing: Though EM junk is closing in on crucial levels: The Treasury curve remains mired in a deep red inversion: Stocks

Links 28 November 2022

November 28, 2022 - 00:01 -- Admin

Global Macro / Markets / Investing: Elon Musk to “make an alternative phone” if Google and Apple remove Twitter from their App Stores – Greek City Times U.S. Poised to Grant Chevron License to Pump Oil in Venezuela – WSJ Amazon faces Black Friday protests, strikes in 40 countries – Stripes Tech’s reality check: How

Weekend Reading: 26-27 November 2022

November 26, 2022 - 00:05 -- Admin

Global Macro / Markets / Investing: Ghana plans to buy oil with gold instead of U.S. dollars – Reuters Mark Zuckerberg enjoys hydrofoil in Hawaii after laying off 11,000 staff and amid resignation rumors – Daily Mail Tesla’s Full Self-Driving Beta now available to all in N. America, Musk says – Reuters New York governor