Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith, look at the Trump trade – what are markets doing as betting odds improve. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the
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Honestly, how bad has it got to get before Australia does something about the nation-destroying East Coast gas cartel? The IMF expects Australia’s inflation rate to rise to 3.6% by December 2025 as federal and state government cost-of-living relief is wound back. The IMF had previously forecast in April that Australia’s inflation rate would fall
The Market Ear with charts. Borderline euphoria BofA’s risk-love sentiment index has grown in confidence to “borderline euphoria” levels lately. Bullish is not unique here… BofA NASDAQ – wedge alert NASDAQ is breaking below the massive wedge like formation. Note we are “well” below the 21 day. No bueno… Refinitiv Unstoppable? The surge in rates
CBA has released a chart pack showing how tight rental conditions are squeezing Perth tenants. Western Australia has experienced the strongest population growth over the past year, expanding by a nation-leading 3.1%: This extreme population growth has driven Perth’s rental vacancy rate to only 0.5%, the lowest in the nation: Strong demand combined with tight
Between December 2013 and March 2023, New Zealand’s unemployment rate was on average 0.3 percentage points below Australia’s. The situation has changed recently, with New Zealand’s unemployment rate jumping significantly above Australia’s. New Zealand’s latest unemployment rate was 4.6%, 0.5% above Australia’s rate of 4.1%. New Zealand’s economy is also experiencing a deeper per capita
According to insolvency data from the Australian Securities and Investments Commission (ASIC), over 1,900 hospitality businesses failed last financial year as food and energy costs rose and discretionary consumer spending fell. The accommodation and food services sub-sector experienced a 50% rise in insolvency appointments last financial year to a record 1667, surpassing the previous high
Via Judo Bank. Flash Australia Composite PMI Output Index: 49.8 (Sep: 49.6), 2-month high Flash Australia Services PMI Business Activity Index: 50.6 (Sep: 50.5), 2-month high Flash Australia Manufacturing PMI Output Index: 43.7 (Sep: 44.0), 53-month low Flash Australia Manufacturing PMI: 46.6 (Sep: 46.7), 53-month low Business activity in Australia’s private sector declined at a
SHFE held on but SGX let go below $100: Mad Dalian is retracing at pace: Not much more to add today. There is nothing for iron ore in the stimulus and steel plus iron ore inventories are about to pile up in China. We are entering seasonal tailwinds soon, and the passage of the US
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Overnight saw the Canadian central bank cut rates by 50bps, helping the USD higher as the release of the latest Biege Book and US home sales data continued King Dollar’s uptrend against all the other major currencies. Euro continued its breakdown with Wall Street having a steep selloff near the close as risk markets start
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BRICS countries strongly oppose and condemn the practice of unlawful politically motivated sanctions that undermine the development of other states, according to a joint declaration adopted at the 16th BRICS Summit in Kazan, Russia.
