Wayne's Feed
Jul 3, 2015

Australia retail sales disappoint for 3rd month running

SYDNEY, July 3 (Reuters) – Australian retail sales rebounded
in May but still missed expectations for a third straight month,
a blow to hopes for a sustained and much-needed pick up in
consumer spending.

Retail sales rose 0.3 percent in May from April, when they
dipped 0.1 percent, data from the Australian Bureau of
Statistics showed on Friday.

Jul 3, 2015

In struggle to stem market rout, China hunts manipulators

By Wayne Cole

(Reuters) – China’s securities market regulator has opened an investigation into suspected market manipulation, in the latest in Beijing’s increasingly desperate attempts to head off a potential stock market crash that could damage an already slowing economy.

After a slump of more than 20 percent in Chinese stocks since mid-June, the China Securities Regulatory Commission (CSRC) has set up a team to look at “clues of illegal manipulation across markets”.

Jul 1, 2015

Asia steadies, euro bears Greek burden

SYDNEY (Reuters) – Asian share markets were in a guarded mood on Wednesday as Greece became the first developed economy to default on a loan with the IMF, setting the scene for another day of uneasy action.

While an unwelcome milestone for Athens, it came as no surprise to investors after weeks of stop-start talks and the euro only faded a little to $1.1135 EUR=.

Jun 30, 2015

Euro burdened by Greece, uncertainty high

SYDNEY (Reuters) – The euro remained on the defensive in Asia on Wednesday as Greece became the first developed economy to default on a loan with the IMF, setting the scene for another day of uneasy action in markets.

Still, it surprised no one when the International Monetary Fund confirmed Greece had missed a payment on its debt, perhaps taking it a step closer to an exit from the euro.

Jun 28, 2015

Sydney’s crazy housing market no mere craze

SYDNEY, June 28 (Reuters) – Outlandish property prices make
daily headlines in Sydney – a peeling 1900s three-bed with no
kitchen sink for A$2.6 million ($2 million), a parking space in
Kirribili for A$120,000 – and first-time buyers have little
prospect of relief.

Home price growth in the harbour city is well into the
double digits, fed by record low interest rates, a rapidly
rising population, chronic undersupply, a tax system that
pampers property investors and a stream of Asian money.

Jun 24, 2015

Japan shares score 18-year top, dollar firm

SYDNEY (Reuters) – Asia shares rallied for a sixth straight session on Wednesday as investors chose to be optimistic on the chances of a Greek debt deal, while the dollar held broad gains as the prospect of U.S. rate rises came back on the radar.

Japan’s Nikkei .N225 led the way as a gain of 0.4 percent cleared a peak from 2000 to reach ground last trod in 1997.

Jun 23, 2015

France drives euro zone business surge in June; China, Japan lag

June 23 (Reuters) – A resurgence of activity in France
helped euro zone businesses expand at their fastest rate in four
years this month, the clearest sign yet that the European
Central Bank’s stimulus is driving a solid recovery in the
region.

But loose monetary policy in China and Japan failed to
prevent factory activity there from contracting, Purchasing
Managers Index (PMI) surveys showed.

Jun 23, 2015

China, Japan factories slow to respond to stimulus

SYDNEY (Reuters) – China’s mammoth manufacturing sector showed some tentative signs of stabilizing in June, according to a non-official survey, without finding the momentum needed for a lasting recovery in the world’s second-largest economy.

Optimism appeared in short supply as firms surveyed by HSBC/Markit reported the sharpest reduction in hiring intentions for six years, regardless of Beijing’s efforts to kick-start activity through policy stimulus.

Jun 23, 2015

Australian home prices heat up, Sydney all but ablaze

SYDNEY, June 23 (Reuters) – Australian house prices have
risen for the 10th straight quarter led by another outsized gain
in Sydney, adding to concerns about an overheating market and
diminishing affordability in the city.

Tuesday’s data from the Australian Bureau of Statistics
showed prices across all the major cities rose 1.6 percent in
the three months to March, lifting annual growth to 6.9 percent.

Jun 17, 2015

Asia shares, dollar dither as focus turns to Fed

SYDNEY (Reuters) – Asia share markets turned mixed while the dollar flatlined on Wednesday as tension mounted before the Federal Reserve delivers views on the U.S. economy that could shed light on when U.S. interest rates are likely to rise.

Endless wrangling over the Greek debt crisis also kept trading cautious with Japan’s Nikkei losing early gains to dip 0.4 percent.