Australia’s housing market is heating up following the Reserve Bank of Australia’s (RBA) 0.25% interest rate cut last month and expectations of further reductions this year. As illustrated in the following chart, CoreLogic’s daily dwelling values index has rebounded strongly, driven by Sydney and Melbourne. At the aggregate 5-city level, dwelling values have risen by
Volodymyr Zelensky has met King Charles III at Sandringham, after attending a summit of European leaders on ending the war in Ukraine.
As the Ukrainian president arrived at the King's Norfolk residence, local residents, some holding Ukraine flags, gathered outside the estate to witness his entrance by helicopter.
Asian share markets are reeling again as King Trump goes full swagger with his tariff threats, shooting the US consumer in both feet with confirmed tariffs on Canada, Mexico and China. The retaliations have been swift, so we’re off to a trade war! This has seen confidence evaporate in the USD just as we ramp
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Wages should be firm according to the latest Indeed job ad index. ANZ-Indeed Australian Job Ads declined 1.4% m/m in February, but this follows an upwardly revised 1.3% m/m rise in January. In trend terms, the series was down 0.3% m/m. ANZ-Indeed Australian Job Ads is down 9.2% annually. The series is just 0.9% higher
Last month’s interest rate cut from the Reserve Bank of Australia (RBA) was about as hawkish as possible. The RBA’s statement explicitly noted that the decision to cut the official cash rate by 0.25% was ‘line-ball’ with upside risks to inflation remaining: “However, upside risks remain. Some recent labour market data have been unexpectedly strong,
Why wouldn’t they be, living through a depression that cannot be named? Goldman. Slightly more sanguine on China macro and market outlooks, but more concerned on the US growth outlook Thanks to the latest DeepSeek and Artificial Intelligence (AI) related developments, some green shoots in the property sector (e.g., home sales and prices in large
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