Macroeconomics

Via Westpac's always excellent Justin Smirk: There has been a stunning recovery in the labour market but the rising share of part-time employment, rising participation and still elevated unemployment suggests the market is quite different to what it was pre-COVID. Total employment: 50k from 90k (revised from 90k); Unemployment rate: 6.6% from 6.8% (unrevised 6.8%); The post Westpac: COVID has changed the labour…

Treasury Secretary nominee Janet Yellen urged senators Tuesday to "act big" on economic relief an...

In today's investment webinar, MB Fund's Head of Investments Damien Klassen, and Head of Operations Shelley George are joined by prolific trader, avid podcaster, and the Chief Derivative Market Strategist of Big Picture Trading, Patrick Ceresna. We wanted to bring Patrick on to get a trader's perspective of current macroeconomic and trading trends such as: The post MB Fund Podcast: A trader's guide to 2021, with…

Dear Reader, Economic growth or decline is the result of factors that are larger than any one administration or any one set of policies. Of course, specific policies such as tax changes or regulatory initiatives can help or hurt the economy depending on how they are designed, but they

The economic uncertainty sparked the coronavirus pandemic has prompted millions of Australians to save more and improve their financial wellbeing, Commonwealth Bank says.

The recession, we're told, is over. But, as Graham Matthews details, Australia's unemployed and underemployed are about to face more pain as the COVID-19 subsidies are withdrawn.

It's important to understand monetary and fiscal policy, and their effects on the fixed interest asset class that can have a significant impact on an investment portfolio.

Risk appetites are back with generally good sessions across the regions stock markets with the latest RBA meeting – a hold – not exciting animal spirits that much in currency land. Bitcoin is only $400 or so off its record high from 2017, staying well above $19000, while the weaker USD is finally helping gold The post Macro Afternoon appeared first on MacroBusiness.

Many of Australia's top economists have indicated the JobSeeker rate should increase by at least $100 per week, writes Peter Martin.

The Court of Arbitration for Sport has published its full findings in Shayna Jack's appeal.

Stock markets were moderately positive overnight although a return to strength for USD dampened some risk expectations, alongside the massive surge in COVID cases in the US and Europe. Dovish comments from ECB members sent Euro down while the Australian dollar slipped slightly as commodities were mixed, gold particular which returned to its post vaccine The post Macro Morning appeared first on MacroBusiness.

Treasury plans to fill the RBA's interest rate vacuum Is it cause for alarm, or an inevitable trend, that the Treasury is planning to take over key elements of the traditional role of the Reserve Bank…

The Eclipx Group Ltd (ASX:ECX) share price is on the move on Wednesday following the release of its full year results for FY 2020...

Wine. Barley. Beef. Lobsters. Sugar. Timber. Copper. Thermal coal. These are important Australian exports which are increasingly being used as tools of Chinese foreign policy.   The current disruption…

An improvement to the macro outlook on a COVID-19 vaccine could harm the valuations, if not the earnings, of tech businesses, according to analysts.

AUB Group share price is trading higher today after it announced positive metrics for FY20 and an upgrade on outlook for FY21

Stock markets continue to love the US election non-outcome as Europe and Wall Street lifted again overnight with Treasury yields coming back slightly as currency markets went into violent anti-USD mode. Oil prices retraced slightly but undollar currencies like gold and Bitcoin shot to the moon! The latest FOMC meeting was a non-event although some The post Macro Morning appeared first on MacroBusiness.

Warren Buffett has previously endorsed Barack Obama and Hilary Clinton but has been cagey on Joe Biden.

It's momentous but we all expected a record cut to interest rates today. And there are 3 other parts of the RBA announcement to consider.

Via the AFR: ANZ CEO Shayne Elliott has warned the Reserve Bank that its expected interest rate cuts will further drown the financial system in liquidity, hitting bank profits by squeezing margins but doing next to nothing to stimulate the economy and jobs. Mr Elliott said he wasn't sure what problem further easing would solve The post ANZ dials whaaambulance as RBA cuts its lunch appeared first on MacroBusiness.