News has a nice Swedish panic feature today: Coronavirus cases have exploded in Sweden as authorities try to keep hold of twin battles – containing the virus and controlling the narrative. The breakaway Nordic nation divided experts by refusing to lock down its citizens when the virus swept through the country earlier this year. But
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Lawyers say that Victoria’s Chief Health Officer (CHO) Brett Sutton is among several government officials who could potentially face criminal charges over their evidence to the inquiry into the state’s hotel quarantine program. Sutton recently came under scrutiny over revelations that he had instructed Health Department lawyers to withhold an email from the inquiry which
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September has historically been the worst month for the stock market, and this year was no exception with global equities producing their first monthly negative return since bottoming in March. In Australia, rising concerns about the deteriorating trade relationship with China, Victoria’s continuing shutdowns and looming end-September step-downs in income support programs all took a
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Iron ore prices for October 21, 2020: Spot up. Paper up. Really just following broader trends of USD weakness. China’s empties are rebounding: ‘ It looks like sales have been pushed around a lot by stimulus-led discounting waves: But there are still signs of weakness creeping in. Price growth is weak, starts have softened and
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Risk sentiment remains tenuous across the North Atlantic overnight with Wall Street stumbling and European stocks almost in full retreat as the triple whammy of COVID, Brexit and the upcoming US elections weigh on markets. USD is falling sharply against the majors, with both gold and Bitcoin taking advantage, while commodity prices are completely messed
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The Depressionberg Unstimulus will take a little time to wreck the joint. This week’s payrolls plunge is probably early evidence that the radical fiscal tightening embedded in the budget, somehow missed by all and sundry, has already hit the economy hard: The dramatic plunge in SME payrolls is precisely what we expect as JobKeeper is
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Via CNBC: AstraZeneca shares turned negative Wednesday after a Brazilian health authority said a volunteer in its coronavirus vaccine study died. The Federal University of Sao Paulo, which is helping coordinate late-stage trials in Brazil, separately said that the volunteer was Brazilian, according to Reuters. Shares of AstraZeneca, a front-runner in the Covid-19 vaccine race, gave
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DXY sank last night with CNY and EUR blasting higher: The Australian dollar joined in: Gold too: Not oil: Metals liked it: Miners firmed: EM stocks too: Junk is stable: Treasuries are backing up at the long end: As stocks fell again: Westpac has the wrap: Event Wrap Brexit: After a series of encouraging comments
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A group of university academics have called on the Morrison Government to significantly increase housing stimulus in order to help drive Australia’s economic recovery: In response to the COVID-19 recession, federal, state and territory governments quickly provided support to the housing industry for two reasons. First, to safeguard jobs and, second, because investment in the
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The South China Morning Post (SCMP) reports that four out of five affluent Chinese families are shunning Western universities amid strained foreign relations and negative sentiment towards the COVID-19 pandemic: After being inundated with news about the worsening coronavirus pandemic and rising tensions between China and the West for months, Beijinger Joe Gao… who runs
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