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CBA: Iron ore gunna crash

January 18, 2018 - 11:53 -- Admin

Via Vivek Dhar, Mining and Energy Commodities Analyst at CBA: “We still anticipate iron ore prices to fall later this year on surplus concerns,” he said in a note released today. “Chinese iron ore supply, which is the most expensive in the world due to its low grade, will be key to this outcome.” Dhar

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Aussie jobs market still firm

January 18, 2018 - 11:32 -- Admin

The ABS is out with December Labour Force and the news is mixed: Beat on jobs but missed on unemployment rate with hours worked pulling back. Roughly neutral for markets but Aussie dollar sank on high expectations.

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HIA: Apartment sales crater as houses hold up

January 18, 2018 - 11:24 -- Admin

From HIA New Homes Sales for December: While detached house sales fell back by 5.7 per cent during 2017 as a whole, the year finished relatively strongly with a 7.1 per cent jump in sales in the final quarter. Given that sales volumes are a leading indicator of new building activity, the new home sales

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Bitcoin stink!

January 18, 2018 - 11:16 -- Admin

Whenever someone quotes you the “smartest people in the world” run.

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Measuring Australian property flippers

January 18, 2018 - 11:06 -- Admin

Via CoreLogic: Over the 12 months to June 2017, 3,861 dwellings were sold after having been held for less than a year nationally with a further 16,749 resold after being owned for between one and two years. These figures represented 1.3% and 5.7% of all resold property sales over the year. Flipping remains a small

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Cancel the Apocalypse: House prices are rising!

January 18, 2018 - 10:29 -- Admin

Or so says Justin Fabo and Ric Deverell, economists at Macquarie Bank: “It is now looking very likely that housing prices at the national level are again rising modestly,” the pair wrote in a note released this week, adding the disclaimer that “large differences remain between locations and type of housing”. Given the seasonal nature

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Trump tax cut benefits flow

January 18, 2018 - 10:07 -- Admin

Via BofAML: …expect upward revisions to continue through earnings season, particularly as guidance trends have remained strong as well…we expect more details as earnings season progresses; several companies also indicated they will provide more clarity at upcoming Investor Days. Some early details have emerged from the 20+ S&P 500 companies that announced one-time bonuses, where

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BHP ramps up iron ore output

January 18, 2018 - 09:52 -- Admin

From BHP today: So, we can expect BHP to push out another two quarters in line with December. More high output from Port Hedland ahead.

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Macro Morning

January 18, 2018 - 09:30 -- Admin

By Chris Becker What correction? It seems stocks can’t actually fall anymore, unlike crypto currencies, with US bourses rebounding back to new highs. The catalyst this time was taxation as both Apple and Bank of America signalled savings and other chances in the wake of the GOP tax bill. European stocks retreated even as the

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How far does the Australian bond smash run?

January 18, 2018 - 09:00 -- Admin

Australian bond yields are poised for a breakout. Another good jobs report today will do it. Two year yields are right at the ceiling that has capped them for three years. Five year yields are approaching the same: Ten year yields are further back so the curve is flattening: What kind of flattening is it?

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