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Daily iron ore price update (Hedland)

November 14, 2019 - 09:00 -- Admin

Texture via Reuters: Benchmark Dalian iron ore futures jumped in morning trade on Wednesday, extending gains for a second session, after China’s Premier Li Keqiang again vowed to ensure that key economic goals for this year are achieved. China should keep macro policies stable, improve the use of local government special bonds and strengthen support

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Australian dollar falls again as Hong Kong catastrophe accelerates

November 14, 2019 - 06:13 -- Admin

DXY was strong again as EUR and CNY sank: The Australian dollar fell again against DMs: EMs were mostly weaker still: Gold bounced: And oil: Metals are signalling bad: As are miners: EM stocks rolled: Junk held on: All bonds were strongly bid: Stocks edged down: The day-to-day data was OK with US inflation still

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Macro Morning

November 14, 2019 - 05:30 -- Admin

By Chris Becker  An unexpectedly lower UK CPI print and continued focus on Hong Kong, combined with all eyes on the Trump impeachment inquiry is seeing risk markets on both sides of the Atlantic wobble as USD becomes mixed against the majors. Gold is making a weak comeback while oil prices are trying to build

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Australian wages become a ward of the state

November 14, 2019 - 00:10 -- Admin

Yesterday’s labour price index for the September quarter, released by the ABS, confirmed that the public sector is driving wage growth across the Australian economy: As shown above, public sector wages grew by 2.5% in the year to September, versus a 2.2% increase across the private sector. This continues a long-running trend, with real public

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Why international student enrolments will soon fall

November 14, 2019 - 00:05 -- Admin

A superficial glance at Australia’s international student numbers reveals an industry in rude health. The number of international student visa applications granted – a leading indicator for new enrolments – hit an all-time high 406,000 in the year to June 2019: The number of new international student enrolments at Australia’s education institutions also hit a

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Links 14 November 2019

November 14, 2019 - 00:01 -- Admin

Global Macro / Markets / Investing: Debt Market Bubble’s Bursting – The ‘CLO Sausage Factory’ Is Stalling – Zero Hedge Wall Street bonuses set to drop as banks focus on cost cuts – Crains New York Two Surveys of Global Businesses Slump to Gloomiest Level Since Recession! – Barrons The world economy is headed for

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Macro Afternoon

November 13, 2019 - 17:00 -- Admin

Stocks are falling across the region as tariff concerns over the Chinese trade deal mount alongside increased tensions in Hong Kong. The RBNZ lift its interest rate unchanged which saw the Kiwi leap higher while the Aussie dollar continues its slow deflation as the USD firms against the majors. Chinese stocks are really on the

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Australian dollar sags with wages shocker

November 13, 2019 - 14:48 -- Admin

The Australian dollar is under pressure again this afternoon after today’s wages shocker: Bonds are bid a little but not as much as they should be: XJO is down with S&P futures but the still looks very bullish Dalian us trying but so far failing to rally: Big Iron is down again: Big Gas is

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Adios housing affordability

November 13, 2019 - 14:15 -- Admin

CoreLogic has released housing affordability data, which shows that affordability peaked in the June quarter of 2019: However, that was as good as it will get given the recent surge in values, especially across Sydney and Melbourne: According to CoreLogic: CoreLogic’s head of research, Tim Lawless, said the return of the “fear of missing out”

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The downfall of Murdoch University

November 13, 2019 - 13:40 -- Admin

With Murdoch University under siege over its poor handling of international student enrolments and its lawsuit against whistle-blower Dr Gerd Schroeder-Turk, an enterprising individual going by the avatar of Murdoch Maven has published the above hilarious parody: “Murdoch Downfall”. Warning: the subtitles contain explicit language. Enjoy!

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