3 July, 2016 by The TZ Newswire Staff Comments Off on NZ says Brexit impact not considered likely to be significant, at least in the short term
NZ says Brexit impact not considered likely to be significant, at least in the short term
New Zealand monthly Monthly Economic Indicators for June 2016, from the NZ Treasury is out now
NZ Treasury say:
– Brexit was the main focus of international markets this month
3 July, 2016 by The TZ Newswire Staff Comments Off on Old Men Start Wars, Young Men Die In Them
Old Men Start Wars, Young Men Die In Them
Submitted by Laurence Vance via LewRockwell.com,
“Older men start wars, but younger men fight them.” ~ Albert Einstein
“Older men declare war. But it is the youth that must fight and die.” ~ Herbert Hoover
“I’m fed up to the ears with old men dreaming up wars for young men to die in.” ~ George S. McGovern
3 July, 2016 by The TZ Newswire Staff Comments Off on Gold higher, AUD continues its recovery
Gold higher, AUD continues its recovery
Gold has added around $10 from early trading
And AUD has pretty much closed its gap from around US closing levels on Friday
The AUD news is well known today, no election outcome, probability of a hung parliament, credit rating questions (since watered down a little by Moody’s), higher inflation data (private, unofficial data), good job ads data but poor building approvals data for May (‘trend’ still positive though).
3 July, 2016 by The TZ Newswire Staff Comments Off on Upon Completing The World’s Largest Radio Telescope, China Will Now Be Listening For Aliens
Upon Completing The World’s Largest Radio Telescope, China Will Now Be Listening For Aliens
When GDP is falling and the global economy is weak, there are normally many let’s say, “out of the box” ideas on how to stimulate growth again – aside from central planners tripping over each other to see who can print money the fastest that is.
3 July, 2016 by The TZ Newswire Staff Comments Off on Australia – ANZ Job Advertisements for June: +0.5% m/m (prior +2.4%)
Australia – ANZ Job Advertisements for June: +0.5% m/m (prior +2.4%)
For the y/y, up 8.0%
ANZ comments that the strength in job ads is consistent with business conditions robust and a domestic economy with ‘solid momentum’
– ANZ looking for continued healthy pace in employment growth for the near term
3 July, 2016 by The TZ Newswire Staff Comments Off on Australian Building Approvals for May: -5.2% m/m (expected -3.5%, prior +3.0%)
Australian Building Approvals for May: -5.2% m/m (expected -3.5%, prior +3.0%)
Australian Building Approvals for May
-5.2% m/m
– expected -3.5% m/m, prior +3.0%
-9.1% y/y
– expected -6.4% y/y, prior +0.7%
The Australia Bureau of Statistics are putting an interesting angle on their media release … “Dwelling approvals continue to rise in trend terms”
3 July, 2016 by The TZ Newswire Staff Comments Off on People’s Bank of China sets yuan reference rate at 6.6472 (vs. Friday at 6.6496)
People’s Bank of China sets yuan reference rate at 6.6472 (vs. Friday at 6.6496)
PBOC injects 90bn yuan via 7-day reverse repos
USD/CNY little changed today, yuan marginally stronger against the USD
The latest RMB fix against its basket is at 94.88, continuing the weaker yuan trend, its lowest since December.