The pent-up demand boost is gone, but there’s modest growth. Flash Australia Composite PMI Output Index: 52.6 Index, sa, >50 = growth m/m % qr/qr (Sep: 52.4) Flash Australia Services PMI Business Activity Index: 53.1 (Sep: 52.4) Flash Australia Manufacturing PMI: 49.7 (Sep: 51.4) Flash Australia Manufacturing PMI Output Index: 49.7 (Sep: 52.4) “While it
Earlier this week, housing minister Clare O’Neil lied on Twitter (X) claiming that “for the first time in a decade, new homes are being built faster”, that “the only way to make homes more affordable is to build more of them”, and “we’re doing exactly that”: O’Neil’s lies followed the release of the Australian Bureau
There is one thing that would put a serious cat amongst the pigeons for today’s gold and tech blowoff rallies, and that is an oil shock. A rising DXY chasing climbing real interest rates and inflation is a perfect storm for duration and gold. The news, then, is unsettling for bulls. U.S. President Donald Trump
The post And now for an oil shock? appeared first on MacroBusiness.
A probable meeting between Xi and Trump next week gave some stability to markets over macro concerns that have outweighed earnings release on Wall Street, which rallied alongside European stocks overnight. Oil prices headed higher on more Ruzzian refinery setbacks and likely sanctions while the USD moved slightly lower against most of the majors except
The post Macro Morning appeared first on MacroBusiness.
French forces could be at war with Russia by 2028, the country’s newly appointed chief of staff, General Fabien Mandon, has claimed.
Federal politics: Nationals senator says 'malicious intent' behind Barnaby Joyce One Nation push — as it happened
Nationals senator Bridget McKenzie says she thinks former deputy prime minister Barnaby Joyce will remain in the Nationals party room after he left the door open to joining One Nation.
The plans are devised by Justice Michael Snow. He is the epitome of judicial prejudice. When Julian Assange appeared before Snow in the first hearing after being dragged from the Embassy, Snow called Assange a “narcissist” even though Assange had said nothing but to confirm his name, and no evidence had been led.
Last month, the Albanese government unveiled Labor’s 2035 climate targets, which promise to reduce emissions by more than 62% and up to 70%. Meeting the target and then hitting net zero emissions by 2050 would require Australia to transform its energy system completely and would require an extraordinary amount of investment in new electricity generation,
Since 2018, about 33,000 fewer Australian patients have suffered avoidable complications like infections, pressure sores, and surgical mishaps in our public hospitals each year, according to a recent study. That’s freed up an estimated 55,000 hospital beds, worth nearly $400 … Continue reading →