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What Is Behind Australia's Recent Increase In Net Migration – And Will It Continue?

Last week the Australian published a story that net overseas migration would reach 650,000 over the two fiscal years, 2022-23 and 2023-24. ....

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Futures Drop As Yields Push Higher, Hawkish ECB Looms

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero ....

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Australian central bank maintains policy settings

Australian central bank maintains policy settings
Bloomberg
Australia’s central bank maintained its policy settings as it prepares to decide on extending its yield target and quantitative easing programs, with a COVID-19 lockdown complicating the outlook.
The Reserve Bank of Australia yesterday kept the cash rate and three-year yield target at 0.10 percent, as expected.
It is to decide next month whether to extend the yield target and undertake further quantitative easing.
A week-long shutdown in Melbourne adds a layer of uncertainty to the outlook.
“Despite the strong recovery in the economy and jobs, inflation and wage pressures are subdued,” Reserve Bank of Austral Governor Philip Lowe said. “The board is committed to maintaining highly supportive monetary conditions to support a return to full employment in Australia and inflation consistent with the target.” ....

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Carnage in India Amid Record Number of Deaths: Virus Update

Carnage in India Amid Record Number of Deaths: Virus Update
Bloomberg
1 hr ago
Bloomberg News
(Bloomberg) The pandemic is wiping out “entire families” in villages in India, where more people are saying the scale of the crisis is much bigger than official numbers reveal. The number of deaths in the country reached a record on Tuesday, though the daily infection count fell.
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U.S. President Joe Biden plans to send an additional 20 million doses of vaccines abroad by the end of June as supply is beginning to outstrip demand. The New York City Marathon, a major tourism draw, will return in November with at least 33,000 runners. ....

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Texas Bans Local Mask Mandates; Dose-Mixing Study: Virus Update

Texas Bans Local Mask Mandates; Dose-Mixing Study: Virus Update
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