China Thaw Boosts Surplus: Australia Briefing
Shipping containers at on a storage lot at the Port of Brisbane in Brisbane, Australia.
Photographer: Carla Gottgens/BloombergGood morning, it's Amy in Melbourne with the news you need to start your Friday morning.
Today’s must-reads:
• Trade surplus widens
• Google targeted by PwC
• Australian yields spike
Australia’s monthly trade surplus widened in May, with China’s rebounding demand for Australian goods helping to drive a strong appetite for iron ore and coal. Exports of gold and natural gas also advanced. Here’s a closer look at how exports of coal are projected to climb for at least the next three years — even as the government seeks to refashion Australia as an emerging clean-energy superpower.