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Payrolls flame out

August 12, 2022 - 10:40 -- Admin

Job ads have now peaked in the ANZ index, Seek index and Skilled Vacancies index. Yesterday, ABS Payrolls joined the great flame out: The declines were broad-based for the private setor: The jobs market has begun to soften just as Albo cowards prepare the smash wages: The Albanese government will boost migration at the October

RBA rate hikes smash new home sales

August 12, 2022 - 10:00 -- Admin

The Housing Industry Association (HIA) has released new home sales data for the month of July, with sales plunging 13.1%: Commenting on the result, HIA Chief Economist Tim Reardon noted that the decline in sales reflects the impact of the recent increases in the cash rate by the Reserve Bank of Australia, with builders reporting

China continues to understimulate

August 12, 2022 - 09:30 -- Admin

Goldman with the note. Bottom line: In its Q2 monetary policy report, the PBOC reiterated its accommodative stance by stating monetary policy would “step up support to the real economy” and focus on implementing the already-announced policy measures such as the RMB800bn and RMB300bn additional policy bank credit. The PBOC said policymakers would “strive to

Macro Morning

August 12, 2022 - 09:30 -- Admin

Risk markets were contained overnight with both European and US stocks unable to gain traction post the US CPI print in the previous session. The USD remains slightly weak against the major currencies with Euro holding on to its recent gains while the Australian dollar is at a two month high above the 71 cent

Albo’s monkeys dance around gas cartel organ-grinder

August 12, 2022 - 09:00 -- Admin

Albo’s cowards have leaked their grand plan for energy and it is more than a little ridiculous: Chris Bowen and state energy ministers will speed up the rollout of renewables, gas-proof Australia and minimise electricity market shocks under a national plan focused on slashing emissions. The strategy, expected to be signed off by energy ministers

Australian house prices plummet

August 12, 2022 - 00:10 -- Admin

Australia’s house price correction is accelerating, according to CoreLogic’s daily dwelling values index, which measures price changes across the five major capital city markets. In the week ended 11 August, dwelling values fell another 0.38% at the aggregate 5-City level – the 14th consecutive weekly decline: The decline was once again led by Sydney, where

Indian students come to Australia for work, not education

August 12, 2022 - 00:05 -- Admin

A new survey of education agents by education company Navitas found that the top five factors influencing student choice of study destination globally are: cost of study, quality of education, access to post-study work rights, opportunities to work while studying, and opportunities for permanent migration. However, for students from South Asia and Sub-Saharan Africa, they

Links 12 August 2022

August 12, 2022 - 00:01 -- Admin

Global Macro / Markets / Investing: JPMorgan Traders ‘Ripped Off’ Gold Market for Years, Jurors Told – Bloomberg Why Wages Should Keep up with Inflation: The Economic Case for Getting a Pay Rise – Byline Times Stocks surge as inflation finally cools off – CNN SpaceX denied nearly $900 million in broadband subsidies – CNN

Macro Afternoon

August 11, 2022 - 17:00 -- Admin

Asian stocks are in solid buying mode today as risk markets react positively to the “not too bad, all things considering” inflation print in the US overnight as Wall Street bounced nearly 2% dragging everything else higher as USD sunk. Yen remains strong while the Australian dollar is pushing up against the 71 cent level.

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