It kind of crashed last night. We are once again at the pesky $70 Brent support level. Surely, this time, it breaKS. The key is this. Bloomberg. In a video conference on Thursday, the coalition of crude producers led by Saudi Arabia and Russia was expected to simply remind errant members to respect their output
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US Secretary of State Marco Rubio has reassured NATO member states that Washington remains committed to the military bloc, while insisting that members must drastically increase spending on their militaries.
Rubio made the remarks at NATO’s foreign ministers’ meeting in Brussels on Thursday.
Shadow treasurer Angus Taylor defended the Coalition’s proposed East Coast gas reservation policy in a National Press Club Q&A on Wednesday. Taylor argued that requiring gas exporters to redirect a proportion of their output to the domestic market will result in the price of gas falling below $10 per gigajoule for all households and businesses.
The Australian reported that international student visas have “dived” amid de facto caps implemented by the Albanese government. Data compiled from the Department of Home Affairs shows that the number of student visa applications in the first two months of 2025 was tracking significantly below the levels of 2023 and 2024. The number of student
The Market Ear with the charts. The big one SPX is approaching the huge trend line that has been in place since Covid lows. Source: Refinitiv No… …nothing good happens below the 200 day moving average. SPX has not traded this much below the 200 day in a very long time. The “light” death cross
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A bath of blood overnight on all risk markets with the NASDAQ dropping 6% while the S&P500 lost nearly 5% as bond markets surged on a rush to safety and the USD was hit on all fronts with undollars lifting 2% or more against what was “King” Dollar before wannabe King Don upended the global
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DXY was pulverised. Which held AUD up, though not against EUR. CNY was hit. Oil crashed as OPEC decided to pump. The copper bubble goes “pop”. Base metals head for hard landing. Big miners, big damage. EM meh. Junk breaking at last. Yields are in free fall, but a long way to go to make
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Trump’s ‘sledgehammer’ approach may cause trade wars – financial analystThe US president is applying primitive tactics in both the economic and political issues he’s dealing with, Henry Johnston tells RT
Australia has traditionally had a gaping trade deficit with the United States. The following table from Australia’s Department of Foreign Affairs and Trade (DFAT) shows that the United States exported (A$88.2b) more than double what it imported (A$37.5b) from Australia in 2023-24. On Wednesday, the Trump Administration levied reciprocal tariffs against all nations. The Trump
US Treasury Secretary Scott Bessent has urged Washington’s trading partners not to retaliate against President Donald Trump’s latest set of tariffs.
Trump on Wednesday announced reciprocal tariffs on exports from countries around the world, part of what he has branded his ‘Liberation Day’ plan, raising fears of a global trade war.
The YIMBY movement claims that the leading solution to Australia’s housing affordability crisis is to rezone our suburbs for high-rise apartment developments. Their argument consistently overlooks evidence suggesting that blanketing cities with high-rise apartment buildings often does not result in more affordable housing. The classic counterargument is illustrated by Vancouver, Canada, which underwent a complete
As Trump makes one of the most retarded economic decisions of all times with his blanket tariffs (even on uninhabited islands, but not Russia curiously), in effect self-sanctioning the USA from global trade, risk markets have done their fair share of pearl clutching and crystal ball gazing to wonder if stagflation, recession or something else
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The initiation of mass firings of over 20,000 scientists and public health workers at the Department of Health and Human Services (HHS) marks a historic turning point in the collapse of American democracy and the Trump administration’s efforts to establish a fascist dictatorship in the United States.