Oz Blog News Commentary

Articles from MacroBusiness

Macro Afternoon

September 22, 2020 - 17:00 -- Admin

The selloffs continue here in Asia following the rout on European markets overnight, with the late fill on Wall Street not extending throughout the risk complex as USD firms. Gold is not holding on any longer, ready to break below the $1900USD per ounce level as it fails to regain above previous support: In mainland

The post Macro Afternoon appeared first on MacroBusiness.

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

RBA Deputy Governor Debelle lists ‘other’ policy options.

September 22, 2020 - 15:30 -- Admin

From CBA’s head of Australian economics, Gareth Aird: RBA Deputy Governor Guy Debelle listed four ‘other’ options to ease monetary policy further: (i) purchase bonds further out on the curve (supplementing the three year yield target); (ii) foreign exchange intervention; (iii) cut the current structure of interest rates in the economy without going negative; and (iv) negative rates. Purchasing

ScoMo the Impaler flies pets home as Aussies wait

September 22, 2020 - 14:40 -- Admin

Yep, he’s missing the empathy gene. At the ABC: An Australian family stranded in London have expressed frustration their pet dog and cat have already arrived in Sydney while they are still stuck overseas. The Fotheringhams have been in the UK for the past two and a half years and were in the process of

The post ScoMo the Impaler flies pets home as Aussies wait appeared first on MacroBusiness.

Travel agents demand taxpayer bailout

September 22, 2020 - 14:20 -- Admin

The Australian Federation of Travel Agents has urged the federal and state governments to provide targeted assistance for the industry, which has been amongst the hardest hit by the COVID-19 pandemic. Travel agents qualify for financial hardship assistance if their turnover has fallen by 30%, but many have experienced a decline of 90% or more.

The post Travel agents demand taxpayer bailout appeared first on MacroBusiness.

Fitch: Aussie banks remain on downgrade watch

September 22, 2020 - 13:40 -- Admin

Yep. Via Fitch: Fitch Ratings has maintained the Negative Outlook on the ratings of Australia’s four largest banks to reflect the downside risk to its base case; the four banks are Australia and New Zealand Banking Group Limited (ANZ, A+/Negative/a+), Commonwealth Bank of Australia (CBA, A+/Negative/a+), National Australia Bank Limited (NAB, A+/Negative/a+) and Westpac Banking

The post Fitch: Aussie banks remain on downgrade watch appeared first on MacroBusiness.

Property Council demands migrant meat for grinder

September 22, 2020 - 13:20 -- Admin

The mask has slipped and the reason Australia has had such high immigration rates has been revealed: The Property Council has called on the Federal Government to extend its successful HomeBuilder stimulus program for new housing construction for a further six months to July 2021. The Property Council has also recommended a ‘Welcome to Australia’

The post Property Council demands migrant meat for grinder appeared first on MacroBusiness.

Australian dollar to 90 cents?

September 22, 2020 - 13:00 -- Admin

Via North West Strategy: After the early surge in the activity post the lifting of initial nationwide lockdowns, the Australian economic growth recovery has been mixed since the resurgence of cases and fresh lockdown in Victoria. However, the COVID situation has now improved in Victoria and case growth has slowed down, setting the stage for

The post Australian dollar to 90 cents? appeared first on MacroBusiness.

ABS: Payroll jobs still down 4.5% from pre-COVID level

September 22, 2020 - 12:40 -- Admin

The Australian Bureau of Statistics (ABS) has released its Weekly Payroll Jobs and Wages in Australia survey, which reveals that the number of payroll jobs remains 4.5% lower than pre-COVID levels, whereas total wages are down 4.3%: Key statistics Between the week ending 14 March 2020 (the week Australia recorded its 100th confirmed COVID-19 case) and

The post ABS: Payroll jobs still down 4.5% from pre-COVID level appeared first on MacroBusiness.

Of course we should boycott Beijing winter Olympics

September 22, 2020 - 12:20 -- Admin

What a great idea. Via Domain: The founder of a global coalition of MPs is pushing for the International Olympic Committee to reconsider Beijing’s hosting of the 2022 Winter Games as politicians around the world voice increasing concerns over China’s human rights record. The move paves the way for a worldwide alliance between human rights

The post Of course we should boycott Beijing winter Olympics appeared first on MacroBusiness.