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MB Fund Podcast: China to the rescue again?

April 19, 2019 - 18:48 -- Admin

This week’s LIVE webinar (12:30pm AEST, Thursday 18 April) – we look at recent numbers out of China, it’s subsequent investment implications and how we are adjusting portfolios to take advantage. Join MB Fund’s Head of Investments Damien Klassen, Chief Strategist David Llewellyn Smith and Tim Fuller as we discuss recent global data points and how

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Easter Long Weekend Links: 19-22 April 2019

April 19, 2019 - 00:01 -- Admin

  Global Macro / Markets / Investing: Mapping the Global Migration of Millionaires – Visual Capitalist China and Russia Buy Gold as US Keeps Gold Prices Artificially Low – Bunker Basics The Bank of England gives a masterclass on the “very real” risks of climate change – Qz Will we survive the next financial crisis? – Politico Belarus President

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Macro Afternoon

April 18, 2019 - 16:30 -- Admin

A sea of red across Asian stocks markets today in reaction to overnight caution on Wall Street with the latest unemployment print locally causing the ASX200 to slip while Japanese markets have given up almost all of their recent gains as Yen strengthened on the risk off move. The Shanghai Composite is set to close lower

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SEEK hoses strong ABS jobs

April 18, 2019 - 14:00 -- Admin

Via BI: As seen in the table below from employment website SEEK, job advertisements for property workers are now also falling fast. Seek has recorded the percentage change in advertisements on its platform in the year to March. The downturn in the housing market has had a major impact on demand for workers with ads

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Australian inflation tanking?

April 18, 2019 - 13:45 -- Admin

Via Westpac: • Westpac’s forecast for the March quarter CPI is 0.1%qtr with the annual pace easing back to 1.4%yr from 1.8%yr. • The March quarter is a seasonally soft quarter with the ABS projecting a seasonal factor of +0.2ppt. The seasonally adjusted CPI is forecast to rise 0.3%. • Core inflation is forecast to

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Where is Australia’s population policy?

April 18, 2019 - 13:30 -- Admin

Cross-posted from Independent Australia: Morrison Government’s population plan “capped” permanent migration at 160,000 but its 2019 Budget uncapped net migration to 270,000. This has not been challenged by the Labor Opposition and so, our steep population growth is removed from the political contest, ignoring the environmental and electoral objections. UP UNTIL CHRISTCHURCH, Prime Minister Scott Morrison’s muscular migration brand was “Stop

A detailed look at business job intentions

April 18, 2019 - 13:15 -- Admin

Via the NAB quarterly business survey: Both business conditions and confidence declined in the quarter. Conditions continued its downward trend since peaking in early 2018 and is now only just above average, suggesting the loss of momentum in the business sector has continued into early 2019. Confidence and forward orders turned negative in the quarter

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CoreLogic: High-rise apartment risks building

April 18, 2019 - 13:00 -- Admin

CoreLogic’s Cameron Kusher has released a research note looking at dwelling commencement trends across Australia’s various sub-components, which shows that risks are skewed towards high-rise construction: The Australian Bureau of Statistics (ABS) recently released the quarterly Building Activity data for December 2018. The release is a treasure-trove of data and includes information on dwelling commencements,

ABS employment in detail: defying gravity

April 18, 2019 - 12:51 -- Admin

By Leith van Onselen As summarised earlier, the Australian Bureau of Statistics (ABS) today released its labour force report for March, which registered a solid 25,700 increase in total employment but a 0.1% increase in the headline unemployment rate (to 5.0%) because of a 0.1% rise in labour force participation. In trend terms, the unemployment

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Final auction clearances remain stillborn

April 18, 2019 - 12:45 -- Admin

By Leith van Onselen Last weekend, CoreLogic released its preliminary auction clearance rates, which revealed the following results: Today, CoreLogic has released its final auction results, which reported a 5.0% decline in the final national auction clearance rate to 52.2% – slightly below last week’s final clearance rate of 52.6%: As you can see, Sydney’s final

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