It had to come. The Chinese stimulus is a bust for commodities, most notably iron ore. SHFE and SGX both slumped yesterday: Mad Dalian too: There are two arguments now in the short term. For bulls, steel mill margins have improved so output might too. Also, we are approaching seasonal positives from November and especially
The post Iron ore smashed appeared first on MacroBusiness.
Yes, yes, yes, it’s AI-generated so its inherently evil.
But still cool.
DXY is up and how: AUD fought it for a day after the NDIS jobs release: North Asia is cooked: Gold is completely dislocated from all traditional supports. Other commods are cooked: Miners mashed: EM ouch: Junk is feeling nervous: Yields firmed: Stocks stalled: AUD jumped on the strong NDIS jobs report as we all
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The long expected cut from the ECB transpire overnight without much fuss, giving European shares a leg up but Wall Street struggled to rebound as the latest retail sales numbers outperformed. The stronger USD weighed further on the undollars with Euro spiralling further down while the Australian dollar continued its descent below the 67 cent
The post Macro Morning appeared first on MacroBusiness.
Labor MPs are understandably furious that Prime Minister Anthony Albanese has spent $4.3 million on a luxury beachfront getaway during a housing and cost of living crisis. “It looks like he’s got one foot out the door”, one MP told The Australian Financial Review, who, like others, spoke candidly only on condition of anonymity. “It’s
Ben is joined by Andrew Messenger from the Guardian to discuss the final stretch of the Queensland election campaign. We spend most of our time going through the key seats in each region of the state, and the issues that have dominated the campaign.
The Victorian government has released its Rental Report for the June quarter of 2024, which shows that the number of properties available to rent has declined amid an exodus of property investors. As illustrated in the following table, new lettings fell by 6.4% across Victoria and by 7.0% across Melbourne in the 2023-24 financial year:
Hamas chief and Oct. 7 mastermind, Yahya Sinwar, was killed by Israeli troops in southern Gaza on Wednesday after more than a year of eluding Israeli forces, the Israel Defense Forces confirmed Thursday.
The recent string of exaggerated military successes – or at least as they are understood to be – places Israel in a situation it has been previously used to: prowess in war. Such prowess promises much: redrawing boundaries; overthrowing governments; destroying the capabilities of adversaries and enemies. Nothing, in this equation, contemplates peace, let alone…
The post Nuclear Fever: War Mongering on Iran appeared first on The AIM Network.
THE COMMON DENOMINATOR IS RUSSIA.... PUTIN, MORE TO THE POINT.
SINCE 1917, THE AMERICAN EMPIRE HAS WORKED HARD TO DESTROY RUSSIA....
SO WE IN THE WEST HAVE HAD TO JUSTIFY THIS LONG-STANDING HATE OF RUSSIA...
The Australian Bureau of Statistics (ABS) this week released data showing that Australia’s birth rate has collapsed to an all-time low of 1.5 babies per woman: The collapse in births combined with a rise in deaths meant that Australia’s population only grew by 105,600 in the year to March 2024 from natural increase: The SMH
The RBA is still going to cut in December. The reason is inflation will be too weak if it does not, Especially so after another round of energy bill rebates is announced: Gareth Aird at CBA: Hiring continues to grow at a strong pace, albeit most of the jobs growth has come in the non‑market
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