In the last couple of weeks, the recovery in China’s primary property market has slowed. The secondary market slowed too, though not quite so much. Prices are threatening to bottom in both markets. Sentiment sucks. Oh dear! Stimulus lol. Ain’t no future ‘ere. Meanwhile, the wider economy also slowed with the January PMIs. Manufacturing. Services.
The Market Ear with the carnage. It was late On Thursday we pointed out the logic on why it was “Getting Late To Chase The Market”. SPX has reversed aggressively right in the top of the range. 100 day comes in around 5950 (futures), but the big supports are down in the 5900/5850 area. This
The post Deepseek pops the tech bubble appeared first on MacroBusiness.
.... Speaking at the Jewish Community Centre in Krakow before the [Auschwitz] memorial, King Charles warned of the risks of allowing evil to flourish.
On the eve of the war 56,000 Jews lived in Krakow, but when Nazi Germany was defeated only about 4000 Jews remained in the city. The community centre now has 1000 Jewish members including 58 Holocaust survivors, and is the heart of the city’s growing Jewish community.
Big drama on Wall Street overnight as AI dragged tech stocks down heavily with the NASDAQ losing nearly 4% as Nvidia and others lost significant ground. Broader industrial shares were hit as well with European stocks also failing to advance, sending a dark signal for Asian markets on this morning’s open. The USD is getting
The post Macro Morning appeared first on MacroBusiness.
London: Britain would have the right to buy Greenland before the US, the island’s last Danish minister has said.
Tom Hoyem was Copenhagen’s last permanent representative in the Arctic territory, which established its parliament in 1979 and began a new era of self-rule 30 years later.
CoreLogic’s daily dwelling values index shows that home values continue to decline across Sydney and Melbourne, down 0.3% and 0.5%, respectively, over the past 28 days. Data from CoreLogic also shows a sharp rise in the number of homes listed for sale across Sydney and Melbourne in recent weeks. The number of dwellings on the
The post Aussie house price dominos fall appeared first on MacroBusiness.
CTAs and systemics aggressively bought Australian dollars last week, undoing some of the recent bearish imbalance. BofA has more. With trend followers stretched long USD and only moderately long US equities, the SG CTA benchmark posted declines on the week. In FX, our model covered short EUR, GBP, and AUD positions this week and is
Sussan Ley's analogy comparing the arrival of the First Fleet to Australia with Elon Musk's efforts to get to Mars was "strange" and disrespectful to Indigenous people, the prime minister says.
The CIA on Saturday offered a new assessment on the origin of the Covid outbreak, saying the coronavirus is "more likely" to have leaked from a Chinese lab than to have come from animals.
But the intelligence agency cautioned it had "low confidence" in this determination.
US President Donald Trump has suggested that neighboring Arab countries should take in Palestinian refugees and “clean out” the embattled Gaza Strip.
Speaking to journalists aboard Air Force One on Saturday, Trump said that he spoke to King Abdullah II of Jordan over the war and was planning to speak with Egyptian President Abdel Fattah el-Sisi on Sunday.
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“I do hold the view that the luckiest thing that happened to this country was being colonised by the British,” he said. “Not that they were perfect by any means, but they were infinitely more successful and beneficent colonisers than other European countries.” – John Howard, October 26, 2023.