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Overseas arrivals keep pressure on states

CANBERRA, AAP – New figures show almost 1000 people entered Australia from overseas every day in November. Despite Australia’s international borders being effectively closed due to COVID-19, almost 30,000 people arrived over the month, new data from the Australian Bureau of Statistics shows. The total included 7570 short-term overseas arrivals – the most since March…

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Japan has trailblazed on economic stimulus, to not much avail

Will Japan under Suga try the reflationary option Abe didn’t? In 2006, 52-year-old Shinzō Abe of the almost-always-in-power Liberal Democratic Party became Japan’s youngest-ever prime minister. In 2007, however, the son of a foreign minister and the grandson and grand-nephew of prime ministers resigned due to ill health. Abe recovered soon enough. In 2012, the…

Is a flood of liquidity entering markets?

As interest rates creep lower and asset-buying programs expand, contrarian investors have been steamrollered by liquidity and momentum. Yet abundant liquidity and plausible storytelling can only sustain markets for so long, and every story needs an ending. We prefer to leave expensive technology businesses to others, while focusing on neglected long-duration businesses with proven earnings…

Job vacancies and retail spending well off the lows

Job vacancies and retail spending well off the lows Retail trade; Regional jobs; Job vacancies ¾ Retail trade: ‘Preliminary’ retail trade fell by 1.5 per cent in September after falling 4.0 per cent in August. Retail spending is still up 5.2 per cent on the year. ¾ Regional payrolls: The Australian Bureau of Statistics (ABS)…

Record customer receipts highlight Netlinkz growth in China

Netlinkz Limited (ASX: NET) today reported record receipts from customers for the quarter ended 30 September 2020. Growth in receipts has been driven by increasing demand for its VSN platform, particularly in China. Netlinkz, an Australian software company that specialises in secure virtual network solutions, has been refining its data security products since 2014. Its…

Consumer confidence hit 20-week high

Consumer confidence hit 20-week high Lower JobKeeper payments hit payrolls & wages Consumer confidence; RBA Board minutes & speech; Payrolls & wages, CBA household spending Consumer confidence: The weekly ANZ-Roy Morgan consumer confidence rating rose by 0.4 per cent to a 20-week high of 98.1 (long-run average since 1990 is 112.6). Confidence has lifted in…

Elevated East Coast petrol prices; Used car prices ease.

Elevated East Coast petrol prices; Used car prices ease China’s consumer and technology-led recovery Petrol Prices; Used car prices; Chinese economic data Fuel prices: The national average price of unleaded petrol rose by 2.0 cents to 121.2 cents a litre last week according to the Australian Institute of Petroleum. Daily unleaded retail petrol prices in…

CommSec Daily Report Monday

Latest News Local shares have started the new week on a positive note with the ASX 200 lifting 62 points or 1% to 6,238 and continues to test fresh 7-month highs for the benchmark index. The bright start overcomes some weakness locally on Friday and a mixed lead from Wall Street over the weekend. The…

Hacking Attacks Increasing during Pandemic

The veritable tsunami of news engulfing the world since the onset of the COVID 19 Pandemic relegated an important development to minor coverage – global hackers are on the attack in growing numbers. A 12 May article appearing in the US website cpapracticeadvisor led with the following headline: Computer Hacking Up 330% During Coronavirus Pandemic. In…