CEO of Australia's Wesfarmers (one of Australia's largest conglomerates) urges vaccine mandate laws The owner of some of Australia's biggest retail operations says the Australian community is close to a tipping point on blanket lockdown laws: From an interview given to the (may be gated).
RBNZ release an Analytical Note on impact of hiking mortgage rates The Reserve Bank of New Zealand note is titled: TL;DR version: e, and much more at that link above Further summary her
(Update) EU set to recommend halting nonessential travel from the US WSJ with more on the COVID-19 travel ban from the US into Europe. This has been bubbling away in the background for a month or so but looks to be firming up. Wall Street Journal reports:
Trade ideas thread - Monday 30 August 2021 Good morning, afternoon and evening all. Any charts, technical analysis, trade ideas, thoughts, views, ForexLive traders would like to share and discuss with fellow ForexLive traders, please do so:
US gulf - Hurricane Ida - more than 95% Gulf crude oil, 94% natural gas offline Weekend post here of relevance to oil traders: Category 4 hurricane Ida set to bear down on US gulf coast Platts with the report that more than 95% Gulf crude oil, 94% natural gas offline:
Economic calendar due from Asia today - Monday 30 August 2021 Its a light one ahead, although there is another input to Australia's Q2 GDP. 2350 GMT Japan Retail sales for July 0130 GMT Australia
Monday morning open levels - indicative forex prices - 30 August 2021 Good morning, afternoon or evening to all ForexLive traders and welcome to the start of the new FX week! Some small change from late Friday levels:Be back soon with weekend news.
Economy Week Ahead: Factory Activity, Trade and Employment Data due this week will likely show China’s factory activity expanded at its slowest pace 1½ years and unemployment in the U.S. hit the lowest level since the pandemic started.
Don Poynter, Who Made Toilets Talk and Golf Balls Walk, Dies at 96 His line of novelty items was wide-ranging. Jayne Mansfield posed for him so that he could make a shapely, sexy hot-water bottle.The inventor Don Poynter in 1955 with boxes of his whiskey-flavored toothpaste.
Against employment targets This tweet raises an interesting question: I believe that it’s a big mistake to use monetary policy to target employment (as we saw in the 1960s and 1970s). The counterargument is that Congress gave the Fed a mandate that included “maximum employment” and thus the Fed is sort of forced to set a target for maximum employment.
Deadline day looms in Afghanistan Plus the insights from Zoom’s earnings call and what Melrose might tell us about automotive semiconductor shortages
New Life and Work Choices Revitalize Exurbs, Bringing New Strains In particular in the southeast, once-rural spots like Murfreesboro, Tenn., are seeing populations boom, driven by people from cities and close-in suburbs drawn by lower costs and the ability to do jobs remotely.
Sunday assorted links 1. Angela Hewitt plays The Art of the Fugue. 2. “Er kann Kanzlerin”. And here is Tracey Ullman on Merkel. 3. Good essay on Thomas Bernhard. 4. Israel moves to a three-dose standard. And Covid truth from Singapore.
Chinese Bad-Debt Manager Huarong Confirms $16 Billion Annual Loss The company, a major borrower in international bond markets, rattled global investors earlier this year after it delayed the release of its annual results.
High Pay for Covid-19 Nurses Leads to Shortages at Hospitals Covid-19 has altered the labor market for nurses. Thousands quit staff jobs for stints as travel nurses making two or three times their previous pay, leaving many small and not-for-profit hospitals struggling to compete.
Markets Week Ahead: Dow Jones, US Dollar, Australian Dollar, Crude Oil, OPEC+, NFPs The Dow Jones, S&P 500 and Nasdaq Composite soared amid the Fed's Jackson Hole Symposium. The US Dollar tanked as the Australian Dollar, crude oil and gold prices outperformed.
The Week in Business: Delta Introduces a New Kind of Fee As companies navigate vaccine requirements, a high-profile Silicon Valley trial is set to begin.
Category 4 hurricane Ida set to bear down on US gulf coast Ida is set to be one of the largest storms to ever hit the US Hurricane Ida is hours away from making landfall on the coast of Louisiana as a Category 4 hurricane.
OPEC+ could reconsider plans to add more oil barrels this week The next OPEC+ meeting is Sept 1 OPEC+ had planned to be on auto-pilot through year-end, adding an additional 400K per month as they slowly bring back idled production.
Treasury Demand Shows Resilience as Fed Signals Bond-Buying Pullback Investors keep buying U.S. Treasury securities, defying predictions for a broad selloff that would send bond yields back to their March highs.
TV Sitcom Writers Are Thrust Into Afghans' Plight Writers on “United States of Al”—a CBS sitcom about an Afghan interpreter resettled in Ohio with his former Marine fighting partner—are working to get relatives out of the chaos at the Kabul airport.