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Weekend Links: 28-29 November 2020

November 28, 2020 - 00:01 -- Admin

‘Desert Landscape’, 1947, Douglas Roberts, Art Gallery of South Australia   Macro & Markets Fed policymakers may give new bond-buying guidance ‘fairly soon’: minutes – Reuters An economic recovery could happen sooner than we think – Ninefax ‘Revenge of the old economy’: Is this the start of the next commodity supercycle? – Ninefax, AEP OPEC

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Macro Afternoon

November 27, 2020 - 16:00 -- Admin

Stock markets are stumbling along across Asia after no lead from Wall Street overnight due to the US thanksgiving holiday. Bitcoin is trying to maintain itself above $17000 after getting tripped up falling over 10% yesterday, while a weaker USD is not helping gold much, still at a monthly low as it barely hovers above

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Damien Klassen featured in the AFR’s 7 questions series

November 27, 2020 - 15:40 -- Admin

Hot off the presses; MB Fund’s Head of Investments Damien Klassen was interviewed by Luke Housego in the AFR’s 7 questions series. The questions covered: Damien outlining our belief that a vaccine will bring back international travel sooner than most think If February’s ASX highs are within reach Will Microsoft’s cloud computing can take away

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Weekly COVID-19 (Coronavirus) statistics and analysis flipbook

November 27, 2020 - 15:20 -- Admin

See our Coronavirus data Dashboard for individual country data. COVID-19 statistics and cases around the World US on the rise   Europe beginning to stabilise     Recently Belgium had one of the highest infection rates in Europe and hospitals were overwhelmed. The country has been in a hard lockdown for the past month and cases and

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CBA on Australia’s free lunch property price boom

November 27, 2020 - 15:00 -- Admin

Via Gareth Aird at CBA: Overview The resilience of the Australian housing market has been quite remarkable over the COVID – 19 period. A huge fiscal injection of cash into the household sector, coupled with cuts to interest rates, loan deferrals and some other key policies have all supported home prices through the pandemic. It

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You can’t vaccinate for corruption

November 27, 2020 - 14:20 -- Admin

Via the AFR: Questions over clinical trial data for AstraZeneca’s coronavirus vaccine have not derailed plans to begin immunising Australians from March, Health Minister Greg Hunt says. Mr Hunt downplayed concerns over the vaccine may be less effective than initially reported, as AstraZeneca announced it would conduct a further trial. “Our vaccine timeframe is unchanged,”

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Virgin Premier despoils NSW

November 27, 2020 - 14:00 -- Admin

This is a piece I’ve been meaning to write all week but as I’ve been distracted by CCP whack-o-mole Bernard Keane has beaten me to it: NSW Premier Gladys Berejiklian has exhibited an emerging pattern of behaviour based on an apparent assumption that she’s above the rules that everyone else has to comply with. She

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APRA hacks big bank’s cyber-security

November 27, 2020 - 13:40 -- Admin

Via Banking Day: The thin credentials of the Australian finance industry’s most senior people – bank boards included – stand exposed after a landmark (and devastating) speech yesterday by APRA member Geoff Summerhayes. Summerhayes used the speech to unveil APRA’s new Cyber Security Strategy, but it’s what the industry has been doing (or, mainly, not

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Auction market bullish for Sydney property?

November 27, 2020 - 13:20 -- Admin

CoreLogic has released its final auction clearance results for last weekend, which reveals that the final national clearance rate retraced to 69.1% from 70.6% the prior week: Sydney’s auction clearance firmed to 71.6% from 71.3% the prior week, whereas Melbourne’s rose to 70.0% from 69.7%. As noted by CoreLogic: Last week, the combined capital city

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Foxconn begins Chinese decoupling

November 27, 2020 - 13:00 -- Admin

Pull out that supply chain, via Reuters: Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc, said a person with knowledge of the plan, as the U.S. firm diversifies production to minimise the impact of a Sino-U.S. trade war. The development comes as the outgoing administration

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