See the latest Australian dollar analysis here:
Hope and fear remain in equal parts across risk markets with Asian stock markets reflected of the divergent fortunes in overnight markets, although it seems Europe will start with a slip as Eurostoxx futures are lower. USD remains strong against all the majors except safe haven buying in Yen while the Australian dollar is back to its depressed mood, flirting with the 71 cent level once more. Bitcoin is equally depressed, still hovering just below the $57K level as it fails to make any new session highs while gold is failing to pick itself off the floor, remaining below short term support at the $1780USD per ounce level and setting up for further downside:

Chinese shares are still somewhat listless despite a previous solid session with the Shanghai Composite largely unchanged at 3574 points while the Hang Seng Index has continued its rebound with a 0.4% lift higher to 23765 points. Japanese markets however have failed to stabilise with the Nikkei 225 closing 0.6% lower at 27753 points with the USDJPY pair unable to get out of its downtrend channel, barely hovering above the 113 level and nowhere near out of trouble:

Australian stocks had another mild selloff with the ASX200 closing 0.1% lower at 7225 points as the Australian dollar failed to recover from its overnight move down to the 71 handle as the nascent short term bottom pattern on the four hourly chart evaporates:

Eurostoxx futures are down while S&P futures are struggling to gain ground here after the large falls overnight, with the S&P500 four hourly chart showing price barely hovering above the key 4500 point level as trailing ATR resistance at the 4670 point level remains a long way away:

The economic calendar includes the latest ECB general council meeting, followed by Eurowide unemployment then US initial jobless claims.
- Macro Afternoon - August 9, 2022
- Macro Morning - August 9, 2022
- Macro Afternoon - August 8, 2022
https://www.smh.com.au/national/nsw/concern-child-caught-omicron-on-flight-to-sydney-20211202-p59e97.html
This is pretty big news if proven to be true. Travelling on plane had not been relatively safe for COVID alpha and Delta, but Omicron seems to be far far more infectious.
Mark McGowan must be grinning.
Sorry I’m missing the big news if it’s true. I mean it’s true the kid got it while on plane as the story alleged.
It doesn’t quantify by how much more infectious or anything. And many times people catch colds and flu while on planes
The bigger news for me on the ABC radio report was that one of the venues this family visited soon after arriving was Centrelink, whilst staying at the Mantra in Chatswood.
centerlink keeps them linked to the center!
Another report stated they LIVED at the Mantra.
Yes, wishful thinking fails again……latest SA figures show vertical acceleration of cases…….into Ghana now as well
https://twitter.com/Rajeev_The_King/status/1466093065081442310
4.5 times as contagious as delta……..it doesn’t matter how virulent it is and all we know at the moment is it takes longer for respiratory symptoms to show up………..it could be diving in deep from the get go…….the denominator will mean hospitals overwhelmed
https://twitter.com/JPWeiland/status/1465826265403994119
Lockdowns locked in
bof
why are you calling him “boring old fart”
don’t come the raw prawn with me Phanny.
^^ Never thought of you few sheep short in the top paddock!
Him? I don’t know. Whatever, Nyleta is one of the best commenters here.
plus with all the mutations, there’s a good chance of vaccine (and “natural” immunity) evasion.
Possible Omicron sub-variant with Delta features already seen……could be lab contamination, maybe not………..mix and match
https://twitter.com/Unusual_Times/status/1466165520726736896
Wishful thinking and a virus that just wants to virus.
Omicron can be confirmed with regular tests and the African cases are not Omicron. I’m not sure if this spoils your little panic party or merely causes you to pull out the Delta worry beads you’d put away in the drawer?
The first known case of Omicron has been established as being in the Netherlands 6 weeks ago. As of today there is only a few hundred cases worldwide. You really, really believe that a virus is super extra strength infectious when it’s barely expanding at the speed a chicken lays eggs?
Links or its all subjective opinion.
Also a big rise in cases among children and young adults:
https://pbs.twimg.com/media/FFbrSHhWUAIBW7z?format=jpg&name=4096×4096
Last week is missing — currently they are slightly below 800, but they will pass that tomorrow. So we have a 5-6 times increase in hospitalizations in 3
https://pbs.twimg.com/media/FFOEWyJWYAowtoV?format=jpg&name=large
https://www.news.com.au/finance/business/retail/serious-illness-akin-shampoo-pulled-from-coles-woolworths-shelves/news-story/77a992378d5257310f78cc4238df8ff6
Can anyone explain please how dose a bacteria survive in a shampoo? What’s next, hand soap is dangerous too??
When I was a lad my father used to add flesh-eating bacteria to our shampoos to refresh our scalps.
And we were grateful for it.
did that leave you with any hair? is it a natural way to remover nether-region hair(asking for a friend)?
You can’t see my picture next to the display name?
Sounds like the bacteria lounge workers have in their hairless hair regions.
Enterobacter gergoviae. Is that something you have ever done in one of those lounges?
Don’t think so. Maybe her cousin?
Interesting bug. Thrives in detergent, one version is living inside the ISS and it’s been linked to obesity. Dies when heated to 45c.
https://en.m.wikipedia.org/wiki/Enterobacter
very interesting, one wonders how it got to the shampoo bottles
There are many ways. Bet you didn’t know breweries can get yeast infections, and all sorts of bacteria in the pipes.
Especially Nu Zuland ones.
https://www.news.com.au/technology/online/social/mans-ridiculous-bunnings-car-park-act-goes-viral/news-story/fc2096108cde31e3cfd0b5deef659826?amp
Is that you Skippy?
I’m actually very strict about driving regs, also used to sling load for helicopter loads in the military, oh and I have no points taken off my license.
Hey Skip…go the Screaming Eagles…or is it…..Choking Chickens, Puking Chickens, 10O Worst, Plucked Chickens, Wannabees, 101 Legs, 101 Buzzards….?? lololol.
Started in Rangers fknuckle
British or American?
Glasgow Rangers as in the Scoccer team.
Its a Pussies game.
Every time Reusa comes to Melbourne he leaves a trail of destruction, check out how he pushed the covid Marshall
https://www.abc.net.au/news/2021-12-02/police-investigate-assault-on-dymocks-staff-member/100668260
https://www.abc.net.au/news/2021-12-02/mother-and-sister-of-adelaide-stabbing-victim-appear-in-court/100670332
Happy clappy LNP voter base
Surgeon in Austria who amputated the wrong leg says her actions were due to ‘human error’
https://www.abc.net.au/news/2021-12-02/surgeon-fined-in-austria-for-amputating-wrong-leg/100670072
Reminder to self: turn patient right way up before marking leg
NAB increases fixed home loans by up to 50 basis points
https://www.savings.com.au/news/nab-rate-increase-december-2021
https://www.abc.net.au/news/2021-12-02/fixed-rate-mortgages-below-2-per-cent-disappear-from-big-banks/100669286
Flexi pipes are a cheap plumbing hardware for your home but could cost you thousands
https://www.abc.net.au/news/2021-12-02/the-hardware-that-can-cost-you-thousands/100666628
Founder of anti-vaccination Christian TV network dies after contracting COVID-19, as review finds no breach of TV codes
https://www.abc.net.au/news/2021-12-02/daystar-marcus-lamb-covid-death/100669238
Happy clappy bites the dust
Sort of poetic justice, isn’t it?
South Australia records 18 new COVID cases, 16 connected to Norwood cluster
https://www.abc.net.au/news/2021-12-02/south-australia-records-18-new-covid-cases/100669270
And according to ABC radio Jay Wetherell is back in Perth where he resides. How does that happen when you are known to infected before departure? Private jet?
Border delay devastates international student as agency warns students may turn away from Australia
https://www.abc.net.au/news/2021-12-02/sa-international-student-devastated-by-border-reopening-delay/100666262
Diddums, cnts
Is the Daily Mail broken?
Odd number of t!ts day.
‘Round these parts, that’s Monday, Wednesday, Friday and every second Sunday (on average).
May not be a merry Xmas in the UK and Europe – https://www.independent.co.uk/news/health/omicron-covid-variant-vaccines-uk-cases-b1967947.html
And where is Dr Kerry Chant these days?
Same place as the Tennis player?
Hope not. Certainly wouldn’t kick her out of bed for
The things below average people get excited about!
https://www.news.com.au/lifestyle/food/eat/is-it-real-fans-lose-it-over-nextlevel-kfc-menu-item/news-story/c230a70c3eb3a69dbdbe84e0b3ac3fe1
Don’t tell Sweeper.
lol same thought! genius!
i bet this new kfc thing would stop all demonstrations in the CBDs around Oz
Did somebody say KFC?
Nascar ….
Channel 5 with Andrew Callaghan
Enjoy our coverage from Talladega Race Weekend in Alabama a few months back
https://www.youtube.com/watch?v=6tuYIXi6nTQ
Yeah fark Joe Biden!
The things below average people get excited about!
haha, this is the funniest video I’ve seen in a while. 🙂
Fond memories of your youth Skip?
The journo is surely in line for a walkely
“Lifestyle Reporter
Hannah got her start in journalism writing for newspapers The Armidale Express and The Daily Advertiser, covering everything from cattle sales to psychic pigs. After her stint in regional journalism, Hannah returned to Sydney and followed her passion for reality TV by writing entertainment stories for Daily Mail Australia. While obsessed with all things to do with Married At First Sight and The Bachelor, she is still on the lookout for her next big yarn involving a farm animal with ESP.”
Pfizer want annual vaccines for years to come
https://www.bbc.com/news/health-59488848
Personally, I welcome our new overlords on whom we will all soon be compulsorily drug-dependent and the multi-party politics via which the pricks will be enabled.
Go long pharma.
https://www.news.com.au/finance/economy/australian-economy/china-reveals-plan-to-end-the-need-for-australian-iron-ore/news-story/1035a296e5e45c60e8c0da4e3016b586?amp
https://www.carexpert.com.au/car-news/subaru-outback-recalled
Obviously not accustomed to flying kangaroos
China’s goal to ‘drive Australia to its knees’ with trade strikes, top US official says
https://amp.9news.com.au/article/f07c23c7-2085-49e1-9678-adef5b09827d
How much cash Aussie investors need to stop relying on a full-time job
https://amp.9news.com.au/article/3b545bb0-e36b-47de-9744-fe3372b0100b
There’s an enormous geothermal pool under the Latrobe Valley that can give us cheap, clean energy
https://theconversation.com/amp/theres-an-enormous-geothermal-pool-under-the-latrobe-valley-that-can-give-us-cheap-clean-energy-166829
Covid … Will the highly transmissible and less severe Omicron variant rapidly transform and tame the pandemic ? …
… Where is the modelling of its transmissibility ? …
Covid: South Africa new cases double in 24 hours as Omicron spreads … BBC
https://www.bbc.com/news/world-africa-59503517
The new coronavirus variant Omicron has now become dominant in South Africa and is driving a sharp increase in new infections, health officials say.
Some 11,500 new Covid infections were registered in the latest daily figures.
That is a sharp rise on the 8,500 cases confirmed the previous day.
By contrast, daily infections were averaging between 200 and 300 in mid-November, a top South African scientist told the BBC. … read more via hyperlink above …
Omicron may cause more Covid reinfections, say South African experts … The Guardian
https://www.theguardian.com/global-development/2021/dec/02/omicron-may-cause-more-covid-reinfections-say-south-african-experts
Stock market news live updates: Wall Street shrugs off second Omicron case, Dow soars over 600 points … Yahoo Finance
https://finance.yahoo.com/news/stock-market-news-live-updates-december-2-2021-234242984.html
JPMorgan Strategist Says Buy the Dip as Omicron May Accelerate Pandemic’s End … Bloomberg
https://www.bloomberg.com/news/articles/2021-12-02/jpmorgan-says-buy-the-dip-as-omicron-may-signal-pandemic-ending?srnd=premium-asia
… concluding …
… Kolanovic, who became JPMorgan’s chief global markets strategist earlier this year, has advocated reopening trades and defended value stocks as the pandemic has evolved. He has also argued that markets overreacted to the threat of the delta variant.
It would fit with historical patterns for a less severe and more transmissible virus to quickly crowd out more severe variants, which could turn omicron into a catalyst to transform a deadly pandemic into something more akin to seasonal flu, the JPMorgan strategists wrote in the Wednesday note.
“If that scenario were to happen, instead of skipping two letters and naming it omicron, the WHO could have skipped all the way to omega,” — the last letter of the Greek alphabet — the strategists said.
United States …
Inflation Causing Hardship For 45% Of U.S. Households; Lower-Income Americans Most Affected: Gallup … Zerohedge
https://www.zerohedge.com/economics/inflation-causing-hardship-45-us-households-lower-income-americans-most-affected-gallup
Company’s jacking up prices to gouge consumers is not classic inflation, but the inflation hysteria posse sees only its monsters ….
New Zealand …
Auckland’s Freedom Portends Spread of Covid Around New Zealand … Bloomberg
https://www.bloomberg.com/news/articles/2021-12-02/auckland-s-freedom-portends-spread-of-covid-around-new-zealand?srnd=premium-asia