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MacroBusiness Thursday, July 2, 2020 - 17:00 Source

A more solid session across Asian stocks today, as traders await for tonight’s early NFP print due to the long weekend on US markets. The USD was relatively weak with Aussie and Kiwi lifting, and Euro also ready to get out of its funk as the usual undollar volatility awaits. In mainland China, the Shanghai

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Your Democracy Thursday, July 2, 2020 - 16:22 Source
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Renew Economy Thursday, July 2, 2020 - 15:30 Source

Canva - Environment friendly solar panels - optimised germanyRenewables in Germany surge past 55 per cent market share for first half of 2020, including a new monthly record set in February of 61.8 per cent.

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Renew Economy Thursday, July 2, 2020 - 14:58 Source

Australian Energy Regulator revives talk of plans to charge households a network fee for exporting excess rooftop solar back into the grid.

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MacroBusiness Thursday, July 2, 2020 - 14:56 Source

CoreLogic has released the final auction clearance rate for last weekend, which rebounded to 60.6% versus 59.6% last week off solid volumes: According to CoreLogic: There were 1,485 capital city homes scheduled for auction last week, returning a final auction clearance rate of 60.6 per cent, the highest clearance rate seen since 31st May. In

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Renew Economy Thursday, July 2, 2020 - 14:12 Source

Canva - Coal mining from above - optimised brown coal hydrogenReaction to zero emissions target and 5-minute settlements indicates a growing split among big energy companies over the pace of the renewables transition in Australia.

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MacroBusiness Thursday, July 2, 2020 - 14:00 Source

Via Calculated Risk: On Thursday at 8:30 AM ET, the BLS will release the employment report for June (Friday is a holiday).  The consensus is for an increase of 3.1 million non-farm payroll jobs, and for the unemployment rate to decrease to 12.3%. Last month, the BLS reported 2,509,000 jobs added in May and the

The post US jobs preview appeared first on MacroBusiness.

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Renew Economy Thursday, July 2, 2020 - 13:49 Source

Dispatch problems identified by regulator are really short term issues, or ones that can be better managed via market arrangements rather than regulation.

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MacroBusiness Thursday, July 2, 2020 - 13:40 Source

Let’s retire this debate and the endless word-games. A Job Guarantee (JG) is a way to guarantee a certain income level to anyone willing to do tasks that some administrator decides are good. A Universal Basic Income (UBI) is a way to guarantee a certain income level to anyone willing to do any task they decide

The post Jobs Guarantee advocates want a UBI, they just won’t say it appeared first on MacroBusiness.

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Renew Economy Thursday, July 2, 2020 - 13:34 Source

Scott MorrisonCovid-19 should teach us the value of being fully prepared for catastrophic risks. But on climate, the Australian Government is walking blindfolded off a cliff.

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MacroBusiness Thursday, July 2, 2020 - 13:20 Source

It’s “toll mania” with Sydney motorists facing more hefty charges from this weekend, with drivers on the new M8 tunnel facing tolls of $6.95 per trip, and the existing M5 East costing $6.95 per trip for the first time. As we know, Sydney’s toll road network is the most expensive and extensive in the world,

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The Australian Independent Media Network Thursday, July 2, 2020 - 13:06 Source

The British conservationist Gerald Durrell once remarked that the koala was “the most boring of animals.” Its brain size, proportionally the smallest of any mammal, evolved to cope with its slow metabolism. But the spectacle of these singed, toasted animals was a terrifyingly cruel one to behold. As good stretches of Australia burned over the…

The post Killing Koalas: The Promise of Extinction Down Under appeared first on The AIM Network.

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The Tally Room Thursday, July 2, 2020 - 13:00 Source

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MacroBusiness Thursday, July 2, 2020 - 13:00 Source

It is believed that at least 1 in 10 people who work with pigs in China have contracted a newly-identified strain of swine flu. Designated genome 4, the virus is genetically descended from the H1N1 swine flu strain that caused a pandemic in 2009. Chinese scientists say the new virus has the “essential hallmarks” of

The post China births another pandemic potential virus appeared first on MacroBusiness.

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Club Troppo Thursday, July 2, 2020 - 12:56 Source

Cross-posted from The Mandarin

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Renew Economy Thursday, July 2, 2020 - 12:47 Source

Rooftop solar installs rebound with the second strongest month on record, and with NSW posting the highest number for any state in a single month.

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MacroBusiness Thursday, July 2, 2020 - 12:40 Source

Earlier this week, the conservative media ran reports arguing that Aussies receiving ‘generous’ emergency income support were shunning jobs. It came after prime minister Scott Morrison on Monday referred to “anecdotal feedback” that some businesses were finding it difficult to find staff because of the boosted payments. However, unpublished data from SEEK shows that the

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Renew Economy Thursday, July 2, 2020 - 12:37 Source

From July 2020, One Stop Warehouse in Australia will become the first partner to join FIMER’s channel partner program.

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Renew Economy Thursday, July 2, 2020 - 12:21 Source

electricity network AEMC two-sided market demand response poles and wires - optimisedFormer Powerlink CEO Merryn York named as acting chair of Australian Energy Market Commission, meaning all four of country's main regulatory bodies now led by women.

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MacroBusiness Thursday, July 2, 2020 - 12:20 Source

[REPORT] Demand for cash soars: The value of banknotes on issue rose by $2 billion (2.3 per cent) in June to $90 billion. Issuance of $50 notes is growing at the fastest pace in 11 years https://t.co/KScFO5vfwY #ausbiz #ausecon pic.twitter.com/yftlO7Hgc4 — CommSec (@CommSec) July 1, 2020 The savings rate is  going to climb a lot,

The post Aussies dash for cash (under the mattress) appeared first on MacroBusiness.

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MacroBusiness Thursday, July 2, 2020 - 12:00 Source

The strong rebound in Australian property values has come to a shuddering halt with the Coronavirus lockdown. Auction clearance rates and buyer sentiment have collapsed, unemployment is surging, and mortgage availability is tightening. All of which points to declines in Australian dwelling values. Yet these headwinds pale next to the looming headwind of heavy falls

The post MB Fund Podcast: Coronavirus to kill Australian property LIVE 12:30 AEST appeared first on MacroBusiness.

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MacroBusiness Thursday, July 2, 2020 - 11:55 Source

The Australian Bureau of Statistics (ABS) today released trade data for the month of May, which has registered strong falls in both imports and exports: In seasonally adjusted terms, goods and services credits fell $1,604m (4%) to $35,742m. Non-rural goods fell $1,080m (4%), rural goods fell $404m (10%) and non-monetary gold fell $219m (12%). Net

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MacroBusiness Thursday, July 2, 2020 - 11:40 Source

Via Bloomie: For an idea of how disparate predictions are for the world’s post-coronavirus rebound, look no further than forecasts for Australia’s dollar. Bulls such as Morgan Stanley see the currency rising to 73 U.S. cents by year-end as the worst of the pandemic eases. At the other end of the spectrum, JPMorgan Chase &

The post Markets are mistaken that Australia is the great post-virus rebounder appeared first on MacroBusiness.

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Renew Economy Thursday, July 2, 2020 - 11:32 Source

Victorian Greens call for upgrades to Portland smelter to run as a "reverse battery" as part of a 'green new deal' for the Covid-19 hit state.

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MacroBusiness Thursday, July 2, 2020 - 11:20 Source

Charities have warned that millions of people across Australia are expected to become reliant on food charities if JobKeeper and JobSeeker are unwound abruptly: While more than 1.7 million people are on JobSeeker and another 3.3 million on the $1500-a-fortnight JobKeeper wage subsidy, charities have noted a surge in the number of people who have

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MacroBusiness Thursday, July 2, 2020 - 11:00 Source

Nasty, via the AFR: One in 10 off-the-plan apartment sales have fallen over during the past three months as lower valuations due to weaker demand and oversupply prompted banks to reject final loan approvals, forcing buyers to give up millions of dollars in deposits. Out of around 35,000 off-the-plan settlements between March and June, 3041

The post 10% of apartment buyers walk away appeared first on MacroBusiness.

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MacroBusiness Thursday, July 2, 2020 - 11:00 Source

Via Shane Oliver: Introduction Investor focus on the US election waned earlier this year after socialist Bernie Sanders dropped out of the Democratic primary race in favour of moderate Joe Biden. At the same time coronavirus became the main focus for markets. However, markets may soon start to pay more attention as the election is

The post Shane Oliver: Beware Biden bust appeared first on MacroBusiness.

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Your Democracy Thursday, July 2, 2020 - 10:59 Source

eyebrowsMy name is Jules Letambour posting on Gus Leonisky’s blog — and eyebrows have been raised.

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MacroBusiness Thursday, July 2, 2020 - 10:40 Source

There are four major components to the construction boom that has kept Australia moving for the past eight years. The first is public infrastrcuture. It’s ramp up has topped out and it is at slowing declining high plateau as huge projects like the NBN roll off: The second is private infrastructure which is falling precipitously

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MacroBusiness Thursday, July 2, 2020 - 10:20 Source

Via FTAlphaville: It’s confession time for IHS Markit, the firm behind the purchasing managers’ indices. The firm asks thousands of purchasing managers whether activity over the current month has declined, improved, or stayed about the same compared with the previous month. IHS Markit then tallies responses up to produce a net figure where 50 signals no

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