The fallout from the Silicon Valley Bank collapse and the continued troubles of other lenders has not been contained to the Western Hemisphere. Market implied policy rates for developed markets in Asia responded quickly and forcefully to fears of banking contagion from the US and...
Headquartered in Melbourne, Australia, Incitec Pivot is a global leader in the materials sector with an unrelenting focus on Zero Harm, the expectation that its operations should never expose staff to harm or cause environmental incidents. The company’s origins began in the 1800s with the...
Headquartered in Brisbane, Australia, TechnologyOne is Australia’s leading enterprise software company. The firm’s flagship product is an enterprise resource planning software platform called the SaaS platform--SaaS being short for “software as a service.” The benefit of SaaS is there is no hardware or software to...
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,...
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...
Australia has thoroughly enjoyed the boom in its mining sector that started around the time China entered the WTO in 2001. The additional demand for raw materials from China and other EMs induced higher prices and the predictable supply side response of more capacity (i.e....
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...
Mining CapEx in Australia posted another down quarter in 4Q13 and was down about 7% vs peak CapEx spending that occurred in 4Q12 (Chart 1). Granted, CapEx is still at a high level, but we may be seeing some of the first signs that the...
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...
Labor market data out of Australia today showed another rise in the unemployment rate to 5.85%, the highest level since June 2009....
Even as the Japanese stock market is hanging near recent highs, there has been a fairly good amount of new intermediate-term lows being made in stocks across the Asia-Pacific region....
One data point does not make a trend, but we will be watching to see if the recent down tick in Australian consumer confidence is leading the US manufacturing ISM lower....
