The absolute madness of Australian energy policy is about to mug the Albanese government again. Its failure to tackle head on the East Coast gas cartel has left Australia exposed to any and every gas shock worldwide. And another is underway. Bloomberg has more. The luck has run out. The weather has turned cold, calm
DXY had the shortest rest in living memory and is off and running again, threatening to break out of its two-year range, AUD is hanging on but this kind of pressure will break it. CNY has barely begun to fall. Gold has returned to its atypical bounce as DXY and real yields should send it
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Ben is joined by Leo Puglisi from 6 News and Chris Eddy from Local Government News Roundup to wrap up the Victorian council elections.
Experts agree that the health of U.S. democracy has declined in recent years—but what does that mean? The United States is experiencing two major forms of democratic erosion in its governing institutions: election manipulation and executive overreach.
MOSCOW (Sputnik) - Russia became the EU's largest gas exporter for the first time since spring 2022 in September, with its share reaching 23.7%, Sputnik calculated on Thursday based on data from the European Statistical Office (Eurostat).
I noted last week how Australia’s Albanese government seems to have copied Canada’s Trudeau government on housing and immigration. In 2022, Canada’s then-immigration minister, Sean Fraser, viewed immigration as a competition for global talent that he was determined to win. Canada has just experienced a record population increase of approximately 800,000. Despite this, Fraser declared
This is ridiculous. In the last week, analysts at NAB, Citi, Capital Economics, RBC Capital Markets and UBS have all pushed back their rate cut forecasts to May. Australian disinflation is going swimmingly. Energy rebates will be extended, leaving headline inflation well within the band all next year. This will drag down the roughly 20%
Outgoing US President Joe Biden has decided to write off about $4.7 billion in taxpayer-funded loans to Ukraine as part of a broader effort to bolster Kiev before President-elect Donald Trump takes office next year.
By Denis Bright National elections in Germany and Australia in 2025 will test the global influence of the second Trump administration on domestic politics in more conservative Middle Powers. Both Germany and Australia in 2025 are Middle Powers in the context of these discussions as well as being firm loyalists in the wider military alliance.…
By Dale Webster THE Senate inquiry into regional bank closures, which delivered its final report in May this year, was an important investigation by anyone’s standards. It ran for more than a year, involved senators from all major parties, received more than 600 submissions and held 13 public hearings across Australia. Chief executives of the…
A Sky News journalist had snuck uninvited into Russian Foreign Minister Sergey Lavrov’s press conference at the G20 summit in Brazil. Once discovered, she was allowed to stay by a unanimous vote of the accredited reporters present.
Barramunga looking North AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 21 November 2024 appeared first on MacroBusiness.
