Blogotariat

Oz Blog News Commentary

Articles from MacroBusiness

Adani drives mining truck over Scummo

November 30, 2018 - 09:30 -- Admin

Via the AFR: State and federal Labor leaders have refused to back Adani’s $2 billion Queensland Carmichael mine after the Indian company said it would fund the project itself, with construction planned to begin before Christmas. The decision to give the financial green light for the mine, which has been the lightning rod for anti-coal

The post Adani drives mining truck over Scummo appeared first on MacroBusiness.

Daily iron ore price update (soft)

November 30, 2018 - 09:15 -- Admin

Iron ore price for November 29, 2018: Spot down. Paper more. Steel too. Doesn’t feel very strong. But the new year restock looms and it can’t get far to the downside with that backstop.

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

[[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Fed one and done?

November 30, 2018 - 09:00 -- Admin

DXY was stable last night: AUD too: And gold: WTI sank below $50 before Russia jawboned it higher: Base metals were soft: And big miners: EM stocks retraced: Junk was soft: Treasuries were bid: And bunds: Stocks were flat: Westpac has the wrap: Market Wrap Global market sentiment: Markets were mostly contained, looking ahead to

The post Fed one and done? appeared first on MacroBusiness.

How Australia’s immigration system undercuts Australian workers

November 30, 2018 - 00:20 -- Admin

By Leith van Onselen Yesterday, a group of labour academics released a book, entitled The Wages Crisis in Australia, which bemoans Australia’s anaemic wages growth and offers policy prescriptions. Locked away in chapters 13 and 14 are incendiary analyses on the great Australian migrant wage rort, which is unambiguously lowering employment standards and undercutting local

The post How Australia’s immigration system undercuts Australian workers appeared first on MacroBusiness.

Median earnings lower today than six years ago!

November 30, 2018 - 00:18 -- Admin

By Leith van Onselen The ABS yesterday released its annual Characteristics of Employment report, which revealed that median weekly earnings grew by a strong 5.4% in the year to August 2018, with full-time earnings growing by 4.7%: As at August 2018, median weekly earnings were $1,066 ($55,432 per year), whereas median full-time weekly earnings were

The post Median earnings lower today than six years ago! appeared first on MacroBusiness.

CoreLogic: Unsold properties rot on the vine

November 30, 2018 - 00:15 -- Admin

By Leith van Onselen As auction clearance rates continue to collapse in Sydney and Melbourne: Housing stock for sale is mounting and properties are taking longer to sell, according to a new report by CoreLogic’s Cameron Kusher: In Sydney, the median days on market was 31 days a year ago and has increased to 50

The post CoreLogic: Unsold properties rot on the vine appeared first on MacroBusiness.

Links 30 November 2018

November 30, 2018 - 00:01 -- Admin

Global Macro / Markets / Investing: Fed warns that a ’particularly large’ plunge in market prices is possible if risks materialize – CNBC Rally after Powell says Fed interest rates nearing ‘neutral’ – FT Biggest Pay Raise on Wall Street Goes to Stock Derivatives Traders – WSJ Bond Indexes Bend Under Weight of Treasury Debt

The post Links 30 November 2018 appeared first on MacroBusiness.

Macro Afternoon

November 29, 2018 - 16:51 -- Admin

A fairly muted response to the big surge on Wall Street overnight here in Asia today, with modest gains outside of China, while the Middle Kingdom share markets suffered a small setback. The USD continued its selloff however, especially against Yen and Kiwi, while the Aussie dollar remains above 73 cents. The Shanghai Composite is down 0.3% to 2594 points

The post Macro Afternoon appeared first on MacroBusiness.

Morgan Stanley: Trade war to end, Australian dollar soar

November 29, 2018 - 15:17 -- Admin

Here is Morgan Stanley via Forexlive on the G2o and Australian dollar: there is a reasonable probability of a constructive statement emerging or even a pause in escalation. Markets would likely interpret such an outcome at the G20 as positive. Absent this type of pause, though, the previously-announced tariff rate increase to 25% on January 1 would

The post Morgan Stanley: Trade war to end, Australian dollar soar appeared first on MacroBusiness.

Adani green lights coal war

November 29, 2018 - 15:01 -- Admin

Via the AFR: Indian energy giant Adani has finally pulled the trigger on its controversial $2 billion Carmichael mine and will fund the project itself, with construction planned to begin before Christmas. After eight years of court challenges from environmental activists and delayed approvals, Adani Australia chief executive Lucas Dow on Thursday said the company

The post Adani green lights coal war appeared first on MacroBusiness.

Pages