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Articles from MacroBusiness

Macro Morning

May 27, 2024 - 09:00 -- Admin

A more positive result for Wall Street on Friday night with the USD retreating slightly as the latest Michigan consumer sentiment print came in better than expected, while the latest durable goods order was also more favourable. European shares are still struggling to find momentum but combined we should see a better start to the

The great net zero delusion

May 27, 2024 - 07:30 -- Admin

The Age newspaper is running a series on measures Victorians are taking to lower the state’s greenhouse gas emissions: The series is hilarious as it comes amid official state government projections showing that Victoria’s population will balloon to 11.2 million people by 2056, from only 3.8 million people in 1976 and 6.5 million people in

Pilbara killer 30-40% complete

May 27, 2024 - 07:00 -- Admin

The Pilbara killer is laying track. On the fringes of the Africa CEO Forum earlier this month in Kigali, Rwanda, Rio Tinto Guinea’s managing director, Samuel Gahigi, stated that the Simandou mine would be operational a year ahead of the port and railroad necessary to export the ore. In terms of infrastructure, or the development

Australia’s housing construction data continues to worsen

May 27, 2024 - 00:05 -- Admin

The Urban Development Institute of Australia (UDIA) has launched a new benchmarking tool that provides a quarterly assessment of the residential development and construction market. The index’s baseline measurement is 100 points, reflecting the average performance achieved across the four quarters of the 2019 financial year. The UDIA shows that demand was running well above

Australian dollar bears bolt for exit

May 26, 2024 - 15:56 -- Admin

DXY was down Friday night: AUD was up a little: JPY is sinking towards doom: AUD bears bolted for the exit last week: Oil up and gold down: Dirt bubble keeps popping: Big miners firmed: Junk firmed: Treasuries too: Which lifted stocks: BofA captures the AUD’s soggy bounce: China and AUD–headwind, tailwind or windless? By

Weekend Reading and MB Media Appearances

May 25, 2024 - 00:05 -- Admin

International Reads: Some Americans live in a parallel economy where everything is terrible – Yahoo Home prices reach record high of $387,600, putting damper on spring season – CBS News Why Target and McDonald’s are cutting prices and offering deals – CNBC Homelessness is affecting more older adults as rents eclipse fixed incomes – Streetlight

Macro Afternoon

May 24, 2024 - 16:00 -- Admin

Asian stocks are in retreat as market volatility spikes further higher on the back of too-good economic reports and concerns interest rates will remain where they are for longer. Continued tensions in the Taiwan Strait are not helping either with the USD becoming a safe haven bid with the Australian dollar finally breaking below the