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Bishop, Wong contract “Trump derangement syndrome”

July 19, 2018 - 10:15 -- Admin

Competing back-tracking today from Australia’s foreign minister and her shadow. Julie Bishop gave Washington a slap: In a significant speech at London’s Chatham House, Bishop said the international rules-based order put together after the chaos of World War II “is facing its greatest test as it is challenged and strained on multiple fronts”. This crisis

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India squashes LNG shortage drivel

July 19, 2018 - 10:00 -- Admin

It’s all garbage: India’s renegotiated gas import deal with Russia’s Gazprom will save between Rs 8,500 crore and Rs 9,500 crore over the contract period ending 2040, Oil Minister Dharmendra Pradhan said today. State-owned gas utility GAIL India Ltd had in January taken advantage of the Russian company’s inability to deliver liquefied natural gas (LNG) from the

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Is the Chinese yuan a weapon or weakness in the trade war?

July 19, 2018 - 09:30 -- Admin

Kevin Rudd says weapon: Mr Rudd laid out the “danger scenario” at an Asia Society event on Wednesday and said it could follow the Trump administration’s decision to impose wide-ranging tariffs on Chinese goods. The yuan is Asia’s worst-performing currency since mid-June, down more than 4 per cent. “If China sees this as a way

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Consumer rebound risks being sunk by falling house prices

July 19, 2018 - 09:15 -- Admin

By Gareth Aird, Senior Economist at CBA Key Points: A solid lift in consumer sentiment as well as a pick-up in retail sales, job vacancies and total employee earnings suggests there are some green shoots to the outlook for consumer spending. Falling dwelling prices, however, pose a risk to the outlook but so far Australian

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A decade of pain for Perth property owners

July 19, 2018 - 09:00 -- Admin

By Leith van Onselen CoreLogic has released analysis on the change in house and unit values over the past decade throughout each of Australia’s largest sub-state regions (best known as SA4). Below are the decade changes in house values: And below are the decade changes in unit values: You see from the above that Perth

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MB Fund tops Australia’s best super funds

July 19, 2018 - 08:36 -- Admin

Via The Australian: Industry super fund Hostplus is taking a contrarian view on the market as it celebrates being named Australia’s best-performing super fund for the second year running. The fund’s balanced option posted a 12.5 per cent return for the 2018 financial year, smashing the median return of 9.2 per cent across the industry,

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Macro Morning

July 19, 2018 - 08:20 -- Admin

By Chris Becker European bourses again led the confidence train on risk markets with tech stocks dragging down US stocks, even as Fed Chair Powell put forward an optimistic view of the US economy to Congress overnight. The USD remained elevated, but a late rally in commodities saw a mild bounce in currencies like the

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Is a US recession imminent?

July 19, 2018 - 05:59 -- Admin

DXY was firm again last night: AUD fell then recovered versus DMs: Was stronger versus EMs: Gold held on: Oil too: Base metals firmed: Big miners bounced: EM stocks eased: Junk firmed: Treasuries were sold: Bunds bought: Stocks were firm: US data was soft with ordinary housing starts. US Treasury Secretary Larry Kudlow temped fate:

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Aussie housing market teeters “on the precipice”

July 19, 2018 - 00:15 -- Admin

By Leith van Onselen Australia’s falling housing market: Combined with record debt loads: And falling houshold income: Has left the Australian housing market teetering “on the precipice” according to DFA’s Martin North, who was interviewed as part of a New York Times investigation: Georgia Blackie felt she needed to buy it or rent for the

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