US President Donald Trump has called for an end to the corruption trial of Israeli Prime Minister Benjamin Netanyahu, days after Israel and Iran reached a ceasefire.
Equity markets outside of Japan in Asia are dragging their feet despite a weaker USD with the Trump regime putting more pressure on Fed Chair Powell not helping. The USD is failing to clawback lost ground with Euro, Swiss Franc and Yuan all making new highs against the “King” as the absence of any real
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The housing affordability situation in New Zealand is rapidly improving, unlike Australia. Turning to the rental market first, TradeMe reported a 3.1% annual decline in New Zealand asking rents in May, with all major markets experiencing declines. Stats NZ and the Ministry of Business, Innovation and Employment (MBIE) also reported a sharp decline in national
Below is a fascinating note from Goldman on US tariffs. The domestic corporate goods price index (CGPI) fell -0.2% mom in May, the first decline since August last year, due to lower gasoline prices. In yoy terms, the index decelerated sharply to +3.2% (April: +4.1%). Domestic prices for machinery-related categories showed a mixed picture of
With a Labour government running an immigration-led labour market expansion economic model that intrinsically lowers living standards, the last thing beleaguered Australian households needed was the RBA to join the economic stomping. But that’s exactly what they’ve had, as a politicised RBA refused to canvass what the model means for inflation. Most pointedly, there won’t