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Articles from MacroBusiness

Chinese house prices bubble away

May 17, 2019 - 10:45 -- Admin

Chinese house prices for April are out and are bubbling away across the board, up 0.6% on the month and 10.7% year on year: The boom is widening across all levels of cities: 100m empty apartments here we come.

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The Chinese Communist Party is not China

May 17, 2019 - 10:30 -- Admin

Via the SCMP: When a Sydney council chose Chinese-language newspaper Vision China Times to sponsor its Lunar New Year celebrations last year, the Chinese consulate in the city warned the inclusion of the “anti-China” newspaper would harm China-Australia relations. Correspondence seen by Australian media outlets, including the Australian Broadcasting Corporation, showed a political affairs official had

Polls give Labor an easy win

May 17, 2019 - 10:15 -- Admin

Wishful thinking at the AFR: Labor is clinging to the slimmest of leads over the Coalition, putting it on track to fall over the line in Saturday’s federal election. The latest The Australian Financial Review-Ipsos poll shows Labor leading the Coalition by 51 per cent to 49 per cent on a two-party-preferred basis, down from

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Youth labour market hits the skids

May 17, 2019 - 10:15 -- Admin

By Leith van Onselen Yesterday’s ABS labour force release for April revealed a deteriorating Australian youth labour market – i.e. those aged 15 to 24 years old – with both full-time and total jobs growth falling and unemployment and underemployment rising. The trend headline unemployment rate rose to 11.8%: Total employment growth for those aged

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CoreLogic: Months of housing supply at decade high

May 17, 2019 - 10:00 -- Admin

By Leith van Onselen CoreLogic’s Quarterly Housing Market Review revealed a large increase in days on market, with the typical capital city homes typically taking 67 days to sell compared to 40 days at the same time a year earlier: Properties are currently taking longer to sell now than they were a year ago across

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Quanty election odds narrow, but not enough…

May 17, 2019 - 09:30 -- Admin

Final look at election odds before the election: There have been some improvements for the Coalition overall. But not enough – if every single one of the 16 “Maybe” and “Toss-up” seat falls to the Coalition, they will only have 72 seats, with Labor on 75.  The Coalition then would also need to convert at

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RBA mouthpiece belches “rate cut in June”

May 17, 2019 - 09:15 -- Admin

Terry McCrann that is: The Reserve Bank will cut its official interest rate from its already record low of 1.5 per cent to 1.25 per cent at its next meeting Tuesday fortnight. The four big banks will follow by cutting their variable home loan rates by the same quarter per cent. The first, the RBA

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Daily iron ore price update (scarcity pricing)

May 17, 2019 - 09:00 -- Admin

Iron ore prices for May 16, 2019: Spot to the moon. Paper too. Not steel. Steel mill margins are going to get crushed and, over time, they’ll try to destock. But that is besides the point for now. With China cornered by the trade war and needing MOAR stimulus and Brucutu offline the only way

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Macro Morning

May 17, 2019 - 08:30 -- Admin

By Chris Becker  Positive sentiment on risk markets is accelerating with some big advances on European markets matched by near 1% lifts across Wall Street overnight. A solid US housing starts figure plus more hawkish Fed speak saw the USD rise against almost everything, with the Australian dollar now down in the 68’s. Yesterday the

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