Climate Change and Energy Minister Chris Bowen wants to double down on the rollout of offshore wind farms, renewables, and the phase-out of coal-fired power plants. Bowen claims that Labor’s landslide election victory, where it only secured 34.7% of the primary vote, was a rejection by voters of anti-climate action “noise”. “Peter Dutton described the
The Australian Bureau of Statistics (ABS) released housing finance data for Q1 2025 showing that the value of new housing lending declined by 1.6% in Q1, taking the rate of annual growth down to 14.2%. This was the first quarterly decrease since Q1 23, driven by a fall in lending to owner occupiers (-2.6%/qtr) and
Fast and furious RSI across equity indexes has gone from extremely oversold to now hitting very overbought levels. RSI levels from the top: SPX, NDX and SOX. Source: LSEG Workspace Panic buying These are huge numbers. Forced chasing at its best. Goldman’s prime data from yesterday: 1. Global equities, second largest net buying day in 5
The latest batch of data suggests that Australia’s labour market continues to ease gradually. SEEK’s latest employment report shows that job ads continue to trend lower and applications per job ad higher: SEEK’s data continues to point to a rising unemployment rate: As Justin Fabo from Antipodean Macro shows below, all measures of job ads
DXY is grinding higher. AUD fell. Lead boots are doing OK. Gold’s shakeout contines. Metals revert to mean. Miners yawn. EM yawn. Junk yawn. Yields are not co-operating. Stocks short squeeze from hell. Morgan Stanley has a crack. This weekend’s US-China trade news has further bolstered the USD’s correction, pushing EUR/USD below our 1.11 re-assessment
The latest data from the Department of Education shows that a record 1.1 million international students were enrolled in Australia at the end of 2024, nearly 250,000 higher than the 2019 pre-pandemic peak: The number of graduate visas on issue hit a record high of 222,200 in Q1 2025, more than double the 2019 pre-pandemic
If you’re starting a new venture or looking to improve how your business handles money, having the right business bank account can make all the difference. Aside from being a place to store your cash reserves, it can also be used as a tool to make your day-to-day operations easier, streamline your bookkeeping, and even
Wednesday’s Q1 2025 wage price index from the ABS recorded a slight rebound, with wages growing by 0.9% over the quarter and by 3.4% annually: Public sector enterprise agreements drove the rebound in wages. These drove more than half (54%) of the total quarterly wage increase. Real wages remained in the gutter, tracking 6.1% below
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 14 May 2025 appeared first on MacroBusiness.
Via Roy Morgan. In April 2025, Australian ‘real’ unemployment increased 176,000 to 1,780,000 (up 1% to 11.2% of the workforce) with more people joining the workforce and overall employment dropping in April. The expansion in the workforce was the main driver of the increase in unemployment with 156,000 people joining the workforce lifting the number