DXY is a falling stone. EUR to the moon! AUD followed the latter but can’t catch it. Lead boots stuck in concrete. Oil and gold meh. Copper looks uber-bullish. Thanks Goldman! Miners meh. EM meh. Junk a little down move but much more needed if US growth is really going to slow. Yields meh. Stocks
Wall Street continues to feel the heat coming out of the “Art of the Deal” from the White House as the trade spat with Canada continued overnight pulling European stocks down and keeping other risk assets at high volatility levels not seen for over a year. Asian stocks are likely to feel the correlated brunt
The Australian Bureau of Statistics (ABS) released its Q4 national accounts last week, which was a disaster for households. While the overall economy finally exited the 21-month per capita recession, real per capita household consumption declined for a record eighth consecutive quarter. The income side of the ledger was even worse. Annual real per capita
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: 11 March 2025 appeared first on MacroBusiness.
Elon Musk’s association with the Trump Administration has contributed to the tanking of Tesla sales across the globe. According to CarScoops, Tesla sales in Norway fell 44.4% in January through February, while in Germany, Tesla sales fell 76.3% in February compared to the same month in 2024. The picture becomes even bleaker when you realise
Alex Joiner, chief economist at IFM Investors, has published a series of charts illustrating the explosive growth in non-market (government-aligned) employment, which has pulled down the nation’s productivity. The following chart shows that since Q1 2023, 658,071 jobs have been added in the non-market sector versus only 135,880 jobs in the market sector. This means
This is about as surprising as Canberra being stupid. Goldman. CPI and PPI deflation in February:China’s February CPI and PPI inflation came in at-0.7% yoy and -2.2% yoy, respectively. Much of the CPI weakness came from thefalling demand post-Lunar New Year: food price inflation fell to -3.3% yoy (vs. +0.4%in January) and tourism price inflation
The past year has seen plenty of propaganda from the property industry warning that the decline in property investment in Victoria arising from the government’s land tax hikes will harm renters. Indeed, rental bond data from the Victorian Government showed a record decline of 24,726 rental properties (3.6% of total stock) in the year to
By Dr Cameron Murray and Aidan Morrison, cross-posted from Fresh Economic Thinking. How Australia’s electricity market got POLITICAL and cost us BILLIONS Why didn’t our experts get the same answers as those abroad on the cheapest way to generate and distribute electricity? Australians will pay hundreds of billions of dollars for new investment in the
Crikey wraps the controversy. In case you missed the back and forth yesterday, US President Donald Trump has been a touch annoyed at former Liberal PM Malcolm Turnbull telling Bloomberg the 78-year-old was “chaotic, rude, abusive and erratic” and his treatment of America’s allies would ultimately benefit China. Responding on his Truth Social platform, Trump