For that is what they are. AFR. Senior Japanese officials have expressed concern the Albanese government is considering a domestic gas reserve, telling West Australian Premier Roger Cook during a trade visit that their country cannot be a long-term investment partner with Australia if LNG isn’t readily available. …“What they said to us is that
The post Ignore Japanese LNG drama queens appeared first on MacroBusiness.
The ferrous market is bifurcating as traders wonder about the steel ouput cut. CISA steel output is falling anyway. My view is we are likely to follow the 2023 pattern in H2 as official cuts, steel export falls, and tariffs take their toll. UBS has joined the bears. As the market moves from balance to
The post Iron ore bears gather appeared first on MacroBusiness.
DXY is trying to push higher. AUD is a bit stalled. Lead boots too. And gold. I don’t know what oil is doing. Perhaps chasing copper as Trump slams the market with a 50% tariff. Nothing can save the big miners. EM rolled. Junk false breakout. As Trump tarifflation is back. Stocks no likee. Yields
The post Australian dollar rally flames out appeared first on MacroBusiness.
After years of failure, the RBA has given up entirely on forecasting and is driving through the rearview mirror. Goldman. In her post-meeting press conference Governor Bullock stressed that the decision to pause the easing cycle was “about timing rather than direction” with the RBA just “looking for further confirmation we are on the forecast
The post Abolish the RBA appeared first on MacroBusiness.
You need a quota to win a seat in a Tasmanian House of Assembly election. But in practice no-one polls exactly a quota. In reality, the final seats are decided by partial quotas and the distribution of preferences.
Yet these patterns are not random – parties that poll over a certain vote share are much more likely to win a certain number of seats, and parties that poll below a certain vote share have little chance of winning that last seat. Given a certain vote share, some parties are more likely to win a seat on that vote than others, and those trends have shifted over time.
Overnight saw Wall Street was uneasy with a lack of confidence and direction as trade “negotiations” continued via threats from the Oval Office, including an early morning barb against Australian exports which will likely see pharmaceutical stocks here locally suffer on the open. Remember to keep all eyes on the US Treasury market with 10
The post Macro Morning appeared first on MacroBusiness.
European Commission President Ursula von der Leyen has dismissed efforts by members of the European Parliament to oust her, branding her critics “conspiracy theorists” and accusing them of acting on behalf of Russian President Vladimir Putin.
Von der Leyen blames Russia for no-confidence motionThe EU chief has labeled her critics “conspiracy theorists”
Iran-Russia Defense Pact Rejection:
Iran previously declined a formal defense pact with Russia for religious and strategic reasons—they didn’t want to be obligated to support a war they didn’t endorse.
Instead, the January 17 agreement allows for loose military cooperation, including potential Russian air defense support for Iran.
French President Emmanuel Macron began a three-day state visit to Britain on Tuesday, which will see him address parliament and try to rekindle a purportedly warm relationship with King Charles III.