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DXY rebounded: AUD fell: Whole crap complex fell. CNY: Oil and gold: Dirt: Miners: EM: Junk: Yields bounced: Stocks down: Credit Agricole was some thoughts: Goldilocks trading conditions buoyed investor sentiment in Asia. US GDP growth surprised to the upside but still showed slowing consumer spending growth. The Fed’s Beige Book pointed to slowing growth

The post Australian dollar whiplashed by greenback reversal appeared first on MacroBusiness.

Release the pork! Labor has backflipped on a decision to put the Sunshine Coast rail extension on ice following pressure from Queensland deputy premier Steven Miles. Infrastructure Minister Catherine King guaranteed federal funding for the project just weeks after saying there was no assurance or confidence in the costs of the project which were already

The post Albo the Disaster frees the pork appeared first on MacroBusiness.

The previous decade saw an unprecedented number of apartments built across Australia’s capital cities: The boom in high-rise construction brought with it a swag of quality problems, including flammable cladding, cracking, water leaks, and balcony defects. These defects have left owners deeply out of pocket, as well as cost taxpayers millions in rectification costs. Building

Bloomie, with a factual report on Chinese property, it can’t stuff up. The value of new home sales among the 100 biggest real estate companies fell 29.6% from a year earlier to 390.19 billion yuan ($54.6 billion), according to preliminary data from China Real Estate Information Corp. on Thursday. That follows a 27.5% decline in October. Sales

The post Chinese property falls keep on keeping on appeared first on MacroBusiness.

Bond yields rebounded overnight as the USD firmed strongly against the currency majors, leaving to wobbly returns on Wall Street despite a decline in PCE inflation numbers. The Australian dollar pulled back to almost breach the 66 level while Euro fell sharply, helping European bourses. US bond markets saw bounces off monthly lows with 10

The post Macro Morning appeared first on MacroBusiness.

Dwindling public attention to the Ukraine conflict will be “fatal,”German Foreign Minister Annalena Baerbock has said, in the run-up to a key NATO meeting in Brussels on Wednesday.

Say what you want about Napoleon Bonaparte, but there’s no denying that he was an absolute alpha who can still blow a beret right off the head of a Frenchman. The kind that sorely lacks nowadays in Western leadership roles. Which would explain why a new poll, released just as a Ridley Scott-directed biopic about him hits theatres, has found that 74 percent of French view his actions positively. 

BY Rachel Marsden

Asian share markets are doing a better job in finishing the trading week with mostly positive returns as the USD strength eases off slightly. The latest Chinese PMI readings missed estimates while locally both the Aussie and Kiwi Dollar are doing well. Oil prices are trying to stabilise with Brent crude still hovering just below

The post Macro Afternoon appeared first on MacroBusiness.