Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Will Q4 CPI spook the RBA?

January 25, 2022 - 12:50 -- Admin

As already reported, Australia’s Consumer Price Index (CPI) came in hot at 1.3% in the December quarter – smashing market expectations of a 1.0% rise: Annual CPI rose to 3.5%, smashing expectations of a 3.0% rise: Looking at the major components, you can see that the rise in quarterly inflation was driven by Transport (petrol

The post Will Q4 CPI spook the RBA? appeared first on MacroBusiness.

Pandemic enters “end game” as Omicron becomes endemic

January 25, 2022 - 12:30 -- Admin

The World Health Organization (WHO) believes that the COVID pandemic is entering its blow-off phase and will soon become endemic as the majority of the world’s population becomes infected: The World Health Organisation, normally conservative in its statements on Covid-19, is predicting the end of the pandemic with an expected “period of quiet” as Omicron

The post Pandemic enters “end game” as Omicron becomes endemic appeared first on MacroBusiness.

Albo pledges rising living standards using empty cupboard

January 25, 2022 - 12:00 -- Admin

Albo will today declare his mission statement: “If I’m successful, that future will be clear to Australians by the end of Labor’s first term,” he will say. “An Australia with rising living standards across the board, lifted by more secure work, better wages, stronger Medicare and cheaper childcare. “An Australia with more secure jobs in

The post Albo pledges rising living standards using empty cupboard appeared first on MacroBusiness.

Aussie inflation smashes expectations

January 25, 2022 - 11:44 -- Admin

The ABS has just released CPI data for the December quarter, with headline inflation rising by 1.3% over the quarter and by 3.5% year-on-year: The result surprised on the upside, beating analysts’ expectations of a 1.0% quarterly rise and 3.0% inflation over the year. Of more importance, core (underlying) inflation rose by 1.0% over the

The post Aussie inflation smashes expectations appeared first on MacroBusiness.

RATs devour Morrison’s corpse

January 25, 2022 - 11:30 -- Admin

PM Morrison lying again: …when the retailers went public telling customers what they were told – that their tests were going to the government – the Prime Minister and the Health Minister threatened the companies with huge penalties. “I want to stress that these are false claims,” the Prime Minister said on Friday. …“These claims

The post RATs devour Morrison’s corpse appeared first on MacroBusiness.

$2 million-plus property sales doubled in 2021

January 25, 2022 - 11:00 -- Admin

2021 saw a doubling of Australian property sales above the $2 million price mark, according to realestate.com.au. While all price points above $250,000 saw increased sales volumes in 2021, the biggest increases were for properties priced above $2 million, with $3 million-plus sales experiencing the strongest growth: Nevertheless, the highest share of sales nationally remained

The post $2 million-plus property sales doubled in 2021 appeared first on MacroBusiness.

Melburnians told to save water for mass immigration

January 25, 2022 - 10:30 -- Admin

Melburnians have been told to save water to ensure that the city’s population can double in size: Greater Western Water, Melbourne Water, South EastWater and Yarra Valley Water have launched a campaign to help Melburnians cut their water use… Yarra Valley Water managing director Pat McCafferty said while the state’s water storages were presently well

The post Melburnians told to save water for mass immigration appeared first on MacroBusiness.

Consumer confidence rebounds on employment boom

January 25, 2022 - 10:06 -- Admin

Last week’s stunning labour market data, which saw Australia’s unemployment and underemployment rates fall to pre-GFC lows, helped the ANZ-Roy Morgan consumer confidence index rebound 2.2%: ANZ-Roy Morgan Aus Consumer Confidence rose 2.2% last week, over the neutral 100. The same week, #unemployment dropped to its lowest in more than 13 years. Ahead of Q4

The post Consumer confidence rebounds on employment boom appeared first on MacroBusiness.

Daily iron ore price update (flame out)

January 25, 2022 - 10:00 -- Admin

The ferrous complex flamed out on January 24, 2022: Not much to report beyond global market jitters. Chinese property is chewing through its problems: China’s efforts to spur asset sales by cash-strapped developers are starting to gain momentum with a flurry of deals involving state-run rivals, potentially easing the industry’s debt crisis. In recent days,

The post Daily iron ore price update (flame out) appeared first on MacroBusiness.

NSW COVID hospitalisations hit new high

January 25, 2022 - 09:46 -- Admin

NSW has recorded another 18,512 new COVID infections over the past 24 hours and 29 deaths: Victoria recorded 14,836 new COVID infections and 29 deaths: Daily cases continue to trend lower: Active cases are also trending lower: However, hospitalisations hit a fresh high in NSW: Whereas Victoria’s hospitalisations are running below their peak: Finally, COVID

The post NSW COVID hospitalisations hit new high appeared first on MacroBusiness.

Pages