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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

The post Macro Afternoon appeared first on MacroBusiness.

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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

The post Auction volumes continue to rebound appeared first on MacroBusiness.

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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,

The post “Toll mania” fleeces NSW motorists appeared first on MacroBusiness.

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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…

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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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