Via Justin Smirk at Westpac:: The October Labour Force Survey surprised with a –19.0k decline in employment – the market median was for 16k while the lowest forecast in the range was +7k. It was a surprisingly soft update all the more so for while the participation rate eased back to 66.0% from 66.1%, as
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Not me, that’s for sure. The ABC investigates: Claiming victory on election night six months ago, Scott Morrison said it was “the Quiet Australians who have won a great victory tonight”. “It has been those Australians who have worked hard every day, they have their dreams, they have their aspirations; to get a job, to
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Amazing data again from China in October. All weak: Industrial Production 4.7% Fixed Assets Investment 5.2 % Retail Sales 7.2% All part of the relentless slowing: Under the bonnet, the all important real estate sector continues a near one man band super effort. Sales are still weak: So are developer land purchases though they have
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Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a 1.4% decline in the final national auction clearance rate to 72.0% – well above the same weekend last year (43.3%) and above last week’s 68.0%: As you can see, Sydney’s
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Via the AFR: Under sweeping new rules, universities will have to fully disclose who they’re working with on research projects and all financial dealings with other countries and donors, as the federal government demands action against “corrupting” foreign interference. Amid concern about China’s influence in universities that have become heavily financially dependent on foreign students, research projects
Welcome to the future at the AFR: Sweden’s central bank said on Thursday (AEDT) it had sold off bonds from the oil-rich Canadian province of Alberta and parts of Australia because it felt that greenhouse gas emissions in both countries were too high. Riksbank Deputy Governor Martin Floden said the bank would no longer invest
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More today from the BofAML fundie survey: 1. The bulls are back…global recession concerns vanish and “Fear of Missing Out” prompts wave of optimism and jump in exposure to equities & cyclicals. 2. We say…easy part of rally over, tougher part of rally beginning…but rally it can as no “excess greed” (BofAML Bull & Bear
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As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for October, which registered a 19,000 decrease in total employment and an increase in the headline unemployment rate (from 5.2% to 5.3%). In trend terms, the unemployment rate was steady at 5.3%: Again, total employment fell by a seasonally adjusted
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In today’s webinar (Thursday 14th November), hear from MB Fund’s Head of Investment Damien Klassen, Tim Fuller and expert energy analyst David Leitch as they “Untangle the Energy Market.” Topics this week include the death of Coal, if 100% renewable is a viable path for Australian Energy, which energy-based stocks have potential, the viability of
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Via the FT: A Chinese-backed joint venture has secured the rights to develop Simandou, one of the world’s biggest untapped deposits of steelmaking ingredient iron ore. The award to the SMB-Winning consortium, whose investors include Chinese aluminium producer Shandong Weiqiao and the Yantaï Port Group, brings the development of a mine a step closer. Simandou
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