Global Macro / Markets / Investing: New Study Links Financial Wellness with Better Sleep – Altoirablog After Google’s “Blood In The Streets” Warning, Apple Lays Off Employees – NDTV Warren Buffett’s Berkshire Hathaway topped up its Apple and Chevron stakes last quarter – Yahoo Dow, S&P 500 Close Higher Ahead Of Big Week For Retail
A fairly solid session for Asian stocks with Chinese bourses playing catchup after the interest rate shenigans from yesterday not overshadowed by the small stumble on Wall Street overnight as traders await the latest FOMC minutes. The USD remains strong with Australian dollar faltering as it clings on just above the 70 cent level while
The Reserve Bank of New Zealand (RBNZ) today hiked the official cash rate (OCR) by another 0.5% – the fourth consecutive double rate hike. This lifted the OCR to 3.0%, up from the record low 0.25% in August 2021. It also took the OCR to its highest level in seven years. In announcing its decision,
Roy Morgan CEO, Michelle Levine, has provided a useful update on Australian politics and economics, based on the firm’s latest surveys. First, Roy Morgan’s latest voting intentions tracker shows that the Labor Albanese Government has extended its electoral lead over the Coalition by 1%, and now leads 53% to 47% on a two-party preferred basis.
A good take on the Chinese property adjustment from TSLombard. Upon becoming General Secretary of the Communist Party in November 2012, Xi Jinping announced the goal of his leadership would be the “China Dream”, the great rejuvenation of the Chinese nation. Reporting at the time from Beijing, Evan Osnos, staff writer for The New Yorker,
Westpac’s Bill Evans with the index. It’s difficult to see how the economy could bounce in the face of aggressive interest rate hikes from the RBA and crashing house prices. Household consumption drives the economy and should fall as both rising mortgage repayments and the negative wealth effect from falling house prices bite. ____________________________________________________________________________________________ Growth
Must Australia liberate the Solomons again? This time from China’s tinpot allies: Last week dignitaries, including US ambassador to Australia, Caroline Kennedy, gathered for a dawn ceremony on Bloody Ridge in Solomon Islands to commemorate the 80th anniversary of the start of the brutal battle for Guadalcanal. Solomon Islands Prime Minister Manasseh Sogavare didn’t bother
Australian wage growth missed economists’ expectations in the June quarter of 2022, according to new data released today by the Australian Bureau of Statistics (ABS). Total wages grew by only 0.72% in the June quarter, missing analyst’s expectations of 0.8% growth. Private sector wages grew by 0.72% over the quarter, whereas public sector wages grew
CoreLogic has released rental listings data, which shows that the number of properties listed for rent across the combined capital cities has plummeted to just 80,000 – around 50,000 (40%) less than were available for rent in July 2018 and July 2021: In turn, the rental vacancy rate has collapsed to just 1.3% across the
BofA’s excellent Michael Hartnett has released his latest monthly fundie survey and has had enough of the bear market rally. ——————————————————————————————————————————– Our survey says: sentiment remains bearish, but no longer apocalyptically bearish as hopes rise that inflation & rates shocks end in coming quarters (Chart1); BofABull &Bear Indicator stays at “max bearish” 0=no immediate reversal