FMG’s Q1 production report is out and appeared decent on the surface regarding volumes but it did not take long to expose the problem: 83% price realisation is up 1% QoQ but is still poor and $83 per tonne is even poorer. The high-quality ore missed as well, slipping from 101% the prior quarter. This
The largest immigration-driven population boom in Canadian history created the country’s worst ever rental crisis. Canada’s population grew by an unprecedented 1.2 million people in 2023, driven entirely by record net overseas migration. This population surge pushed rental vacancy rates to an all-time low and rental inflation to record levels. In June 2024, Quebec Premier
CBA senior economist Stephen Wu has released a preview of next week’s Q3 CPI inflation release from the Reserve Bank of Australia (RBA). CBA expects that headline CPI rose by 0.3% over Q3 to be 2.9% higher year-on-year, driven by lower electricity prices (-16%) via rebates and fuel declines (-6%). More importantly, CBA forecasts a
As we know, your corrupt PM has already blown $104.3 million on his central coast lovenest, $100 million of which was yours to upgrade his driveway. Now it has been revealed that the corruption goes even deeper as bent Albo showers housing pork on everybody except the homeless: Anthony Albanese’s Housing Support Program has poured
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
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