Chinese steel futures buckled yesterday, both long and flat. It doesn’t make a lot of sense to let this happened when you have already mooted the solution of passing the price weakness upstream to iron ore via steel output put cuts. Chinese growth prospects are hardly shotting the lights out, either. Morgan Stanley. Milder growth
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I keep arguing that Australia’s transition to renewable energy will be incredibly expensive and drive up power bills. The reasons are straightforward. Renewable energy sources depend on weather conditions, which makes them intermittent and results in low load factors. As a result, renewables require backup hydrocarbon generation and loads of storage. They also need a lot
The vote count is now getting to a point where pretty much all primary votes have been counted, even if we don’t have all of the preference counts yet. So that means we can now begin to analyse the informal voting trends – where it went up or down, and what some of the causes could be.
It is clear that the world wants to sell DXY. The problem is, there’s nothing else to buy. EUR might be it but its on the end of a tariff bashing. AUD follows EUR. Lead boots are growing wings. Gold, gold, gold! Metals picking up some DXY tailwind. Not miners. EM meh. Junk meh. Yields
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With Wall Street closed for the long weekend, most risk markets reacted positively to the 180 degree spinning top EU tariffs by the Trump regime, with European shares taking back their Friday night losses. Meanwhile the broader selloff in USD continued Pound Sterling making a new yearly high while Euro, Loonie and Yen all consolidated
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The latest data from the Department of Home Affairs shows a record 2,541,651 temporary visas on issue in Australia (excluding tourists) in Q1 2025. This figure was almost 120,000 more than the previous year and approximately 580,000 higher than Q1 2019, before the COVID-19 pandemic. Since Q1 2019, the increase in temporary visas has been
The NSW and Victorian governments are pushing hard to liberalise planning and encourage the rapid construction of high-rise towers within inner and middle-ring suburbs. Last year, the NSW Productivity and Equality Commission recommended bigger towers, smaller apartments, less storage and natural light, smaller balconies, and fewer parking places as solutions to the state’s housing crisis.
Monday 4:38pm – As everyone had called, the Liberal Party has lost their third seat in South Australia’s to Labor’s Charlotte Walker. That is a 4-2 split. It’s worth remembering that traditionally these 4-2 splits are rare. Prior to 2025, Labor had gained two 4-2 splits (with the Democrats the fourth “left” senator) in NSW in 1990 and 1998, two in Tasmania in 2007 and 2010, and one in Western Australia in 2022.
Risk markets in Asia were mixed to start with on the Trump regime EU tariff bomb from the weekend gap but then the inevitable 180 spin got stocks at least somewhat back on track while currency markets continue to selloff the USD, believing the facts behind the demented spin. The Australian dollar is now at
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