Wall Street tumbled further overnight as the Fat Fuhrer again showed his exemplary trade making deals with a blustery response to the EU counter tariff schemes, all the while insulting the Irish PM to his face and giving short sellers a great opportunity to dump tech stocks. The USD is still somewhat mixed following the
NSW Treasurer Daniel Mookhey has pushed back against caps on international students, claiming such students are “as economic assets to be treasured, not as a problem to be capped”. “I think that our world-class universities are an immense economic asset to NSW. That is the reason why we are seeing an explosion in emerging tech
DXY is bank. Overcooked EUR in reverse. AUD went down with the ship. Led boots are made for stability. Oil down, gold up. Copper is the new gold. Miners are not. Nor EM. In better news for stock bulls, junk is breaking down. Yields fell too. The US PPI was soft. There’s still no sign
On Wednesday, I posted charts showing the record decline in Australian real per capita household disposable income. Annual real per capita household disposable income fell for a record tenth consecutive quarter, down 8.1% from the Q2 2022 peak. The magnitude of this decline is illustrated in the following chart, which compares the current episode against
Asian share markets are somewhat mixed yet again traders try to decipher where the battle lines are being drawn in the ongoing trade wars started by the increasingly isolated USA. The USD is trying to fight back but is seeing continued weakness against Euro and Pound Sterling with a mild bounceback in Yen this afternoon,
Prime Minister Anthony Albanese announced in November 2024 that the federal government would forgive 20% of student debt if re-elected. The Greens took the proposal to the next level, vowing to forgive 3 million graduates’ student loans and make university and TAFE education free, at a cost of more than $120 billion over the next
In August 2024, the Actuaries Institute stated that rising home insurance prices were causing financial strain for 1.6 million Australian households. This marked an increase of 360,000 households under stress, or 30% over the previous year. According to Sharanjit Paddam, the lead author of the Actuaries Institute study, insurance premiums were rising faster than wages,
Tell it to rack off. The AFR gas lobbyist. Japanese energy groups have returned to one of their hobby horses: questioning the reliability of Australian LNG exporters. In a feisty speech to the Future Energy Forum in Perth this week, a senior executive from power giant JERA warned that Australian companies’ preferred supplier status was
A shock unless you read MB that is. The Australian. Electricity bills will rise by as much as 9 per cent from July 1, the Australian Energy Regulator has declared. The AER said increases will vary across the National Electricity Market, but the largest jump will be seen in NSW, where prices are set to
The Market Ear gives us smashed stocks. General awakening NVDA gonna take this market higher in the short term? Source: Refinitiv Not so sexy SOX… ….but it sure is sexy when you catch the moves. SOX has done little since last Feb, but the moves inside the range have been well rewarding for the mean