Australia Tag

Spotlight South32: A Bias Toward Base Metals

05 Mar, by Knowledge Leaders Team in Knowledge Leaders

Australian metals miner South32 is a 2015 BHP Billiton spinoff named to reflect the southern latitude where most of its assets are located. In its new iteration, South32 has a bias toward developing its business in “base” metals, those metals considered common and therefore non-precious,...

More Evidence of China Slowing Permeating Asia – 7/16/2015

16 Jul, by Bryce Coward, CFA in Economy

Yesterday saw a few more weaker data points out of Australia and South Korea that are worthy of mention. Namely, Australian consumer confidence dropped again to around the lowest it's been since 2009 and South Korea unemployment remained at its cycle highs. No matter what...

More Evidence of China Slowing Permeating Asia – 7/9/2015

09 Jul, by Bryce Coward, CFA in Economy, News

Yesterday and today were host to a few more macro data points all signaling basically the same thing - a synchronized slowdown in Asia which appears to be driven by China. In the five charts below we show that Chinese CPI remains anemic while PPI...

Australian Consumer Confidence Points to Lower Output in US and China

10 Sep, by Knowledge Leaders Team in Uncategorized

Australia, being one of the world’s biggest commodity producers, finds itself at the very beginning of the global supply chain for infrastructure investment and many manufactured products. It makes sense then, that magnitude and directional changes in the pace of global investment and consumption would...

What Is The Australian PMI Telling Us About Chinese Growth?

05 Mar, by Knowledge Leaders Team in Uncategorized

With the monthly slue of manufacturing PMI data now in we thought it interesting that Australia posted a nice rebound while China showed a further deterioration (Chart 1). Granted, the Australian data series is much more volatile than the Chinese series, but the two indices...

Australia Employment Suggests Further Slowing in China

14 Feb, by Knowledge Leaders Team in Uncategorized

The unemployment rate in Australia increased again last month to 6% signaling a further slowdown in Chinese GDP growth. The logic here is that as China moves away from an investment led growth model (that requires a large amount of natural resources) its level of...