Blogotariat

For a while there it was almost as of iron ore might turn rational and close its jaws with steel prices.  Soon enough! Goldman on Chinese construction conditions.  We continue to monitor the trend of post CNY construction activities after coming back from our China trip and conducting machinery dealer channel checks. This week, we

The post Iron ore jaws open wide appeared first on MacroBusiness.

The federal government is targeting 82% of electricity being generated by renewables by 2030. Clean Energy Regulator figures show that renewables accounted for 46% of electricity in the grid in the last quarter of 2024. Modelling by energy consultant Rystad Energy contends that renewable energy will only account for 65% of electricity generation by 2030,

The post Decarbonising the economy is a monumental task appeared first on MacroBusiness.

DXY firmed last night. AUD did too. Lead boots are walking slowly up hill. Bloody Brent won’t break. Dirt decoupling! Miners smashed anyway. EM meh. Stress creeping into junk. Not enough! Yields up. Stocks up. It was a a soft US inflation print. Goldman. February core CPI rose 0.23% month-over-month, below expectations, and the year-on-year

The post Australian dollar massively overbought! appeared first on MacroBusiness.

The US installed record-smashing amounts of solar in 2024 – the largest single year of new capacity added to the grid by any energy technology in more than 20 years.

A modest bounce on Wall Street overnight due to the weaker than expected CPI print was somewhat overshadowed by the Bank of Canada forced to make another interest rate cut to forestall the effects of the slowing domestic economy due to Trump’s tariffs, while the Canadian government announced another round of targeted counter tariffs alongside

The post Macro Morning appeared first on MacroBusiness.

Ukrainian forces encircled in Kursk Region – Russia’s top generalEighty-six percent of Kursk Region’s territory previously held by Ukraine has been liberated, Valery Gerasimov has claimed

Ukrainian forces in Kursk Region, western Russia, have been encircled and isolated, Chief of the General Staff Valery Gerasimov said on Tuesday. He added that 86% of the territory has been liberated, and that the systematic destruction of enemy forces is underway.

Russian Foreign Minister Sergey Lavrov has given a lengthy interview with three US bloggers who traveled to Moscow. The discussion touched on Russian relations with the administration of US President Donald Trump, the settlement of the Ukraine conflict, and other issues.

Recall the latest rental affordability report from PropTrack, which showed that rental affordability was the worst on record in Q4 2024, with lower-income earners hardest hit. This collapse in affordability has been driven by the 48% surge in asking rents since the beginning of the pandemic. ABC’s Q&A featured a question from a father, Morgan Cox,

The post Aussie renters gaslit on migration impacts appeared first on MacroBusiness.

Asian share markets are somewhat mixed again as Diaper Don swings away again with tariff threats and retreats as this engineered recession and market correction gathers pace, this time hitting Australia with steel and aluminium tariffs – for no reason whatsoever. The USD is trying to fight back but is seeing continued weakness against Euro

The post Macro Afternoon appeared first on MacroBusiness.

New research finds solar farms managed with biodiversity in mind contain a greater number of bird species, and more birds overall, than surrounding cropland.

CoreLogic’s February housing market report contained the following graphic on dwelling value growth across Australia’s major capital cities. As you can see, Brisbane dwelling values have soared by 69.7% over the past five years, whereas Melbourne’s have only risen by a comparatively modest 8.2%. As a result, Brisbane’s median dwelling value was $894,425 as of

The post Southerners fuel Brisbane’s house price boom appeared first on MacroBusiness.

Deutsche with the note. Over in Europe, the main news came from Germany, after the Green Party said they wouldn’t support the proposal from the CDU/CSU and the SPD to amend the constitutional debt brake to unlock funds for defence and infrastructure spending. That’s significant, because a constitutional amendment requires a two-thirds majority, hence support

The post Trouble in Germany’s fiscal paradise? appeared first on MacroBusiness.