This article deals with Federal Coalition Opposition Leader Peter Dutton’s election promise to force gas producers to reduce the price of gas for Australian consumers to $10 per gigajoule.However, according to a debate on last night Q &A between Labor Climate Change Minister Ed Husic and his Coalition counterpart Ted Evans, Husic stated that the cost price of most Australian gas was around $7 per gigajoule with another $4 paid by the producers for transporting it to market. Evans did not contest those figures.
The US has condemned the prison sentence handed to veteran French conservative politician Marine Le Pen, who was found guilty of embezzlement and banned from running for president.
Chinese PMIs are meh. Manufacturing is barely growing. Services likewise. All those government bonds are doing something, but it isn’t much. Why? Bloomberg. The property crisis that hobbled China’s economy and created a nearly $160 billion pile of distressed debt — the world’s largest — is getting worse. Signs of trouble are now popping
We’re less than two weeks away from nominations closing for the federal election – nominations will close on Thursday 10 April, and will be announced the next day.
Yesterday I made a bunch of updates to my list of House of Representatives candidates, and have now finished updating each of my election guides with the new lists.
At the moment my list contains 731 candidates. 133 House members are running for re-election, 17 are retiring and one is running for the Senate. One senator (who is not up for re-election this year) is running for the House.
Via ABS. The February 2025 seasonally adjusted estimate: Rose 0.2% month-on-month. Rose 3.6% compared with February 2024. Is that a trend reversal developing from weak improvement to failing improvement? Barely running at the pace of inflation and adjusted for population growth going backwards in February.
The post Retail sales going nowhere appeared first on MacroBusiness.
CoreLogic’s March housing results show that rental values are at record highs, having increased a further 0.6% in March. Dwelling rents rose across every capital city in March, led by a 1.2% lift in Hobart, while Melbourne recorded the smallest monthly rent rise, up just 0.3%. The good news is that annual rental growth has
The post Australian tenants remain under pressure appeared first on MacroBusiness.
JPM kicks us off. Country-Level: we look at Australia, Japan, and the UK as being relative safety havens. China may work, too, given the potential to add fiscal stimulus but that is a lower conviction long. US Sector Level: Energy and Utilities (ex-AI plays) are the two best longs and look for Lower-Income Discretionary and higher beta
The post Tariffs to the moon, stocks to hell appeared first on MacroBusiness.
After his recent botching of the Chinese maritime missile tour of Australia’s major cities, Albo is again trumped by the appearance of another hostile Chinese vessel. The Australian. Defence has handed responsibility for the monitoring of a suspected Chinese spy ship to the Australian Border Force despite Anthony Albanese’s claim that the ADF is on
The Australian Energy Market Operator (AEMO) does not mince words. GPG plays a critical function in supporting the reliable and secure operation of the power system. When coal generation and/or renewable generation output is low, it is often the role of gas-powered facilities to increase output to firm available electricity supplies. Analysis from the 2024
The ferrous complex continues to struggle. At issue are steel output cuts. Beijing said it intends to curb steel production in the country due to overcapacity. While there is no official release yet, some steelmakers have voluntarily reduced production in anticipation of the formal announcement, therefore curbing demand for iron ore. Furthermore, worries over demand
Last week’s softer-than-expected monthly inflation gauge from the Australian Bureau of Statistics (ABS) was matched by the Melbourne Institute’s (MI) trimmed mean inflation gauge for March. As illustrated below by Justin Fabo from Antipodean Macro, the seasonally adjusted trimmed mean inflation fell to its lowest level since 2020 on a 3-month average basis. The following
Despite 80 years of Australian unwavering loyalty, as expected the US, “our closest ally”, is now screwing us on tariffs, with a hefty 25% tariff placed on Australian steel and aluminium exports.
Time to call it. The US doesn't give a stuff for us