NAB Health Australian Wellbeing Report: Q2 2021 (Part 1: Emotional Wellbeing)


Wellbeing up & now at its highest level since 2019. Resilience is building, but wellbeing is falling for the unemployed & low income earners. NSW lockdown a key risk.

14 Jul 2021

The next gen farmers changing Australia’s agscape 


A new, younger generation of Australians is choosing life on the land… and that promises to bring exciting, innovative times for Australian agriculture. 

Economic commentary
2 Aug 2021

China Economic Update – August 2021

Economic commentary

Approaching the peak: China’s long-term coal consumption looks set to decline.


The antipodean central banks are taking an optimistic view of the recovery with the RBA pushing ahead with its tapering of asset purchases (despite the protracted Sydney lockdown) and the RBNZ has as good as said the central bank will lift rates in August.

NAB Online Retail Sales Index accelerated in June, following the May rebound.

US equity markets have begun the new week in a tentative manner with a nervous feeling in the air. A slightly softer, but still elevated ISM print added fuel to peak growth concerns and the UST curve bull flattened.

The AUD failed to benefit from the generally weaker USD, in contrast to all other major currencies which rose during the last week of July. From mid-month, a very sharp fall-back in iron ore prices, albeit a commodity with a very fickle and sometimes non-existent short term relationship with the AUD, drew attention

Approaching the peak: China’s long-term coal consumption looks set to decline.

Lots of economic data to digest on Friday but none of which had a major impact on markets, while Saturday’s China official PMI data showing a further (and bigger than expected) fall in its Manufacturing Index threatens to play with the grain of recent AUD underperformance.

Q2 GDP growth below expectations but still strong.

US Q2 GDP was the data release to watch overnight and while the print missed expectations, a healthier US consumer that seemingly can’t get enough was the bright spot and carried the day.

After a wobble early last week, equity markets have resumed their upwards trajectory.

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