6 December, 2015 by The TZ Newswire Staff Comments Off on BOJ’s Sato: Difficult to expect energy price recovery in the short term
BOJ’s Sato: Difficult to expect energy price recovery in the short term
Comments from Bank of Japan board member Takehiro Sato
From his speech:
Recent Economic and Financial Developments and Monetary Policy in Japan
– Recent decline in commodities is due partly to demand-side factors
Headlines via Reuters
6 December, 2015 by The TZ Newswire Staff Comments Off on Asia stocks bounce on bright U.S. jobs data, oil pressured
Asia stocks bounce on bright U.S. jobs data, oil pressured
Asian share markets bounced on Monday after Wall Street welcomed an upbeat U.S. jobs report that suggested the world’s biggest economy was well placed to handle an expected first increase in interest rates in almost a decade. Oil prices were near their lowest since 2009 in the wake of the Organization of the Petroleum Exporting Countries’ decision to keep production high despite depressed demand. Brent was last down 15 cents at $42.85 a barrel, while U.S. crude lost 42 cents to $39.55.
6 December, 2015 by The TZ Newswire Staff Comments Off on Saudi-Iran rivalry sets scene for OPEC showdown over output
Saudi-Iran rivalry sets scene for OPEC showdown over output
It used to be said of OPEC that it was like a teabag – it only worked in hot water. In a move sources say was masterminded by Saudi Arabia, ministers finally agreed for the first time in decades to drop any reference to the 13-member group’s output ceiling. The pivot, which surprised not only markets but also some OPEC officials, appeared to be a direct response to Saudi Arabia’s arch-rival Iran, which has made clear it intends to make a rapid return to global oil markets next year as nuclear-related sanctions are lifted.
6 December, 2015 by The TZ Newswire Staff Comments Off on Australian sentiment to be buoyed by innovation statement
Australian sentiment to be buoyed by innovation statement
Australia’s latest Prime Minister, Malcolm Turnbull, is set to unveil his first big initiative today, the “Innovation statement”
– Investments in start-up enterprises will be capital gains tax free after three years
6 December, 2015 by The TZ Newswire Staff Comments Off on Australia – ANZ Job Advertisements for November: +1.3% m/m (prior +0.4%)
Australia – ANZ Job Advertisements for November: +1.3% m/m (prior +0.4%)
ANZ Job Advertisements for November
+1.3% m/m
– prior +0.3%, revised from +0.4%
– This is the 4th consecutive rise m/m
– For the y/y, up 12.3%
Comments from ANZ (Felicity
Emmett, co-head of Australian economics):
6 December, 2015 by The TZ Newswire Staff Comments Off on EMs face ‘taper tantrum’ risks as US prepares to hike
EMs face ‘taper tantrum’ risks as US prepares to hike
As the U.S. is widely expected to raise interest rates for the first time in nearly a decade, the BIS warned of further pain for the sector in 2016.
6 December, 2015 by The TZ Newswire Staff Comments Off on "Gold prices … in 2016 … to below US$1000 by H2 2016"
"Gold prices … in 2016 … to below US$1000 by H2 2016"
The outlook for gold via National Australia Bank (NAB Economics)
In brief (bolding is mine):
– by failing to sustain the brief gains during the high – profile geopolitical events (the Paris terrorist attacks and the downing of the Russian fighter jet by Turkish forces at the Syrian border)
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