Black Monday

[Sideshow Bob]

China has just announced a temporary suspension of customs clearance and cargo releases for all Australian and New Zealand goods, including meat, dairy, agricultural products and more.

https://mp.weixin.qq.com/s/277fZbWYvk8a9nEFojsbVQ

that explain the sell -off in aud , nzd last night



okyo/Perth | Australian beef exporters are on high alert following reports that China may temporarily suspend all meat imports from Australia and New Zealand due to concerns about foot and mouth disease.
Other exporters were also alarmed on Monday by a Chinese media report which said China was suspending imports of Australian grain, dairy and

https://www.afr.com/world/asia/alarm...0220815-p5ba0c

Nothing official in NZ out.....yet.

At this stage, seems to be effecting Australia rather than NZ - although may just be a matter of time.

EDIT: Something picked up that wasn't from Chinese authorities, and more speculative than official. But seemed to get picked up pretty quickly in news channels......

[mike2020]

The dow jones looks pretty impressive in the last 8 weeks. Seems like a fairly long dead cat and hoping it might go on for another month or so.

Less of a bounce more of a shot at goal from behind halfway looking like it might be good and make it into the stands?

[Baa_Baa]

bull****

"Authorities quash report of meat import ban from Australia, New Zealand to China"

Enquires found that products from Aotearoa continue to be cleared through the border.

Australia and New Zealand said on Tuesday they were aware of Chinese media reports of a ban on meat imports from both countries by Beijing but said they had not received any official notice and shipments had been clearing as normal.

The Australian Financial Review newspaper said one Chinese media outlet had reported that agricultural imports, particularly meat, from Australia and New Zealand may be suspended due to concerns about foot and mouth disease.

"We are aware of rumours. The Australian Embassy in Beijing has been in contact with China Customs and no formal notification has been issued," a spokesperson at the Australian agricultural department said in an emailed statement.

Steve Ainsworth, Market Access director at the New Zealand Ministry for Primary Industries, said exports were continuing as normal.

"We've made enquiries with Chinese authorities, including through our Embassy staff in China. These enquiries confirm that New Zealand products are continuing to be cleared through the border," he said in a statement.

China has just announced a temporary suspension of customs clearance and cargo releases for all Australian and New Zealand goods, including meat, dairy, agricultural products and more.

https://mp.weixin.qq.com/s/277fZbWYvk8a9nEFojsbVQ

that explain the sell -off in aud , nzd last night



okyo/Perth | Australian beef exporters are on high alert following reports that China may temporarily suspend all meat imports from Australia and New Zealand due to concerns about foot and mouth disease.
Other exporters were also alarmed on Monday by a Chinese media report which said China was suspending imports of Australian grain, dairy and

https://www.afr.com/world/asia/alarm...0220815-p5ba0c

[alokdhir]

Just got message from a NZ wine company Chinese friend who exports NZ wine to China .

He said last night Customs computer system was blocking anything with origin from NZ but now it has been sorted as was blamed as software glitch

Today everything is clearing as usual ...

[bull....]

sp500 retreated off 200d last night in an over brought condition though. lets see how it behaves going forward after a strong bounce from lows.

RBNZ no surprises , fed minutes no surprises all data dependant now

[bull....]

choppy session US stocks , be interesting if it fades back to flat for the mth. august normally a flat mth leading into a choppy to weak sept based on history.

NZD weak again following rbnz meeting.

wonder if the sharma drama will turn into something bigger around ardern following the exclusive news on newshub.
if you follow employment law ardern is supposed to conduct a independant third party enquiry into bullying being the employer but refuses too.

[alokdhir]

choppy session US stocks , be interesting if it fades back to flat for the mth. august normally a flat mth leading into a choppy to weak sept based on history.

NZD weak again following rbnz meeting.

wonder if the sharma drama will turn into something bigger around ardern following the exclusive news on newshub.
if you follow employment law ardern is supposed to conduct a independant third party enquiry into bullying being the employer but refuses too.

Almost all Sharma constituents and his contacts are on his side and corroborate his story ...He is portrayed as a genuine man and they seem to believe him

PM is in trouble as Sharma is refusing to fall in line to save her who is shielding wrong doers in her party as they are powerful and influential

There goes all the talk of fairness and natural justice which she champions ...

Politics is a dirty game ...assume all to be dirty as thats the only way they rise to top in this degenerated world

[mike2020]

So true, how many in the game enjoy the power and profile more than the social responsibility they have been given? Last night's news JA talking about the rise in children living in cars from 2017 rising from 51 to 228 in June this year. JA "they weren't counting right"

[bull....]

Labour's Dr Gaurav Sharma breaks silence, accusing Prime Minister Jacinda Ardern of 'cover-up', releases secret recording of MP

https://www.newshub.co.nz/home/polit...ing-of-mp.html

[Baa_Baa]

choppy session US stocks , be interesting if it fades back to flat for the mth. august normally a flat mth leading into a choppy to weak sept based on history.

NZD weak again following rbnz meeting.

wonder if the sharma drama will turn into something bigger around ardern following the exclusive news on newshub.
if you follow employment law ardern is supposed to conduct a independant third party enquiry into bullying being the employer but refuses too.

Adern or Labour are not the employer. Parliamentary Service is the employer.