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
The post Daily iron ore price update (Hedland) appeared first on MacroBusiness.
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
The post Australian dollar falls again as Hong Kong catastrophe accelerates appeared first on MacroBusiness.
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
The post Macro Morning appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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
The post Australian wages become a ward of the state appeared first on MacroBusiness.
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
The post Why international student enrolments will soon fall appeared first on MacroBusiness.
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
The post Links 14 November 2019 appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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
The post Macro Afternoon appeared first on MacroBusiness.
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
The post Australian dollar sags with wages shocker appeared first on MacroBusiness.
[[ This is a content summary only. Visit my website for full links, other content, and more! ]]
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”
The post Adios housing affordability appeared first on MacroBusiness.
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!
The post The downfall of Murdoch University appeared first on MacroBusiness.