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MacroBusiness Friday, June 20, 2025 - 17:58 Source

    AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225   …..and furthermore…..   East listening    

The post Macro Afternoon: 20 June 2025 appeared first on MacroBusiness.

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Renew Economy Friday, June 20, 2025 - 14:24 Source
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MacroBusiness Friday, June 20, 2025 - 14:00 Source

Cotality’s latest dwelling value results for New Zealand revealed that home values fell by 1.6% in the year to May to be 16.3% lower than their peak. As illustrated in the following chart from Cotality, home values have fallen heavily across all major markets. Separate data from the Real Estate Institute of New Zealand (REINZ),

The post New Zealand’s ‘big and beautiful’ property crash appeared first on MacroBusiness.

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Renew Economy Friday, June 20, 2025 - 13:31 Source
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MacroBusiness Friday, June 20, 2025 - 13:30 Source

Let’s do some more worrying, shall we. The Australian. The waning possibility of Anthony Albanese landing a face-to-face meeting with Donald Trump in coming weeks has sparked alarm from the Coalition and defence ­experts, who have raised concern about the two leaders not meeting before Washington’s controversial AUKUS review concludes and instead leaving the outcome

The post Want to meet Trump? Sack Rudd appeared first on MacroBusiness.

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Renew Economy Friday, June 20, 2025 - 13:08 Source
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MacroBusiness Friday, June 20, 2025 - 13:00 Source

The Association of Superannuation Funds of Australia’s (ASFA) latest modelling suggests that a couple who own their home now requires annual income of $73,875 to live comfortably in retirement. The figure for a single person who owns their home is $52,383. The analysis also shows that the cost of a comfortable retirement increased by 1.6% in

The post Why do retirees need more comfort than workers? appeared first on MacroBusiness.

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MacroBusiness Friday, June 20, 2025 - 12:30 Source

The Market Ear with the charts. AI or die Goldman’s AI winners basket hit a fresh all-time high, while AI-risk names dropped again. Source: GS/Bloomberg The pulse on tech Mag7 names now make up ~15% of US net exposure (up from ~11% in April), but still well below the ~21% peak in mid-2024. The L/S

The post Revenge of the Magnificent 7 appeared first on MacroBusiness.

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MacroBusiness Friday, June 20, 2025 - 12:00 Source

Thursday’s Q4 2024 population data from the Australian Bureau of Statistics (ABS) revealed that “natural increase” (i.e., the number of births minus deaths) fell to only 105,200 in 2024, close to the lowest level on record. There were 292,500 births in 2024, offset by 187,300 deaths, the latter of which have risen following the Covid-19

The post Having children is becoming a luxury appeared first on MacroBusiness.

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MacroBusiness Friday, June 20, 2025 - 11:30 Source

Even the cartel-loving AFR can’t come to grips with selling Santos to the UAE. The strategic rationale for the bid probably revolves around LNG and the bidder’s eagerness to capitalise on the expansive portfolio of projects Santos is developing not only in Australia but also South-East Asia and Alaska.  ADNOC has a minimal track record

The post Use UAE to crush gas cartel appeared first on MacroBusiness.

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Renew Economy Friday, June 20, 2025 - 11:06 Source
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MacroBusiness Friday, June 20, 2025 - 11:00 Source

Over the past week, we have seen multiple articles like the following from The West Australian complaining about the decline in housing affordability, which has left residents struggling to pay mortgages or rent. These articles are based on the latest Housing Affordability Report from the Bankwest Curtin Economics Centre, which blames a ‘lack of supply’

The post The root cause of the housing crisis appeared first on MacroBusiness.

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Renew Economy Friday, June 20, 2025 - 10:53 Source

Woodside Energy’s North West Shelf (NWS) gas project Western Australia

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Renew Economy Friday, June 20, 2025 - 10:51 Source

Snowy Hydro Tumut 3 pumped power station energy storage - M Mazengarb - optimised

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MacroBusiness Friday, June 20, 2025 - 10:30 Source

Westpac with the note. The Westpac-DataX Card Tracker Index* has firmed over the last two weeks after a very volatile period through Mar, Apr and May. The latest weekly read of 140 is up 2.3pts from the end of May, the last two weeks recording the strongest average read outside of the post-holiday rebound in

The post EOFY lifts consumer pall appeared first on MacroBusiness.

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Your Democracy Friday, June 20, 2025 - 10:01 Source

The eruption of war between Israel and Iran is no longer a hypothetical flashpoint—it is a live, unfolding campaign whose implications could shake the foundations of the international order and move the world closer to World War III. 

 

US applause for Israel’s Iran strikes courts wider disasterIran’s ability to absorb attacks underestimated while risks to maritime trade, oil infrastructure and regional stability are immediate

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MacroBusiness Friday, June 20, 2025 - 10:00 Source

The monthly growth in Seek advertised salaries has shown hints of stabilisation but is still trending lower. I expect the fade to continue as the immigration-led labour market expansion economic model does its thing. I do not expect we’ll get back to last cycle’s lows because the Labor government is forcing more wage rises via

The post The boom in Adelaide bureaucrats appeared first on MacroBusiness.

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Renew Economy Friday, June 20, 2025 - 09:55 Source
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MacroBusiness Friday, June 20, 2025 - 09:30 Source

DXY is holding on. AUD is breaking down somewhat. Lead boots are getting heavier. The Trump fool has unleashed oil. Metals no bueno. Miners far to fall yet. EM meh. Junk still OK. US markets were closed but the European tell is heading south fast. War is not complex. Credit Agricole. Investors remain on tenterhooks

The post Australian dollar bombed into submission appeared first on MacroBusiness.

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The Tally Room Friday, June 20, 2025 - 09:30 Source

Now that we have a complete two-party-preferred vote for all of Australia, we can look at the distribution of seat margins and swings across the country.

For this post, I have produced a number of charts which show the distribution of seats by two-party-preferred result, and also by two-party-preferred swing. I also attempt to chart out the two-candidate-preferred swings in non-classic seats, or at least those which have a valid swing compared to 2022.

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MacroBusiness Friday, June 20, 2025 - 09:00 Source

Another night dominated by central bank decisions contrasted with indecisions around the Israeli war on Iran with the Swiss bank cutting rates to zero while the BOE held fire, just after the Fed a few days ago, while the Trump regime again goes to the TACO truck when talking about non-existent negotiations with the Iranian

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Friday, June 20, 2025 - 08:00 Source

In September 2024, the Housing Industry Association (HIA) labelling the federal government’s failure to control immigration a “systemic policy failure” that “compounds the challenge of delivering sufficient housing”. “The underestimation of population growth is a systemic policy failure that compounds the challenge of delivering sufficient housing”, HIA chief economist Tim Reardon said. On Thursday, the

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Renew Economy Friday, June 20, 2025 - 06:35 Source

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Your Democracy Friday, June 20, 2025 - 05:35 Source

Israel’s strikes against Iran amount to US military action despite official denials from Washington, US Senator Ted Cruz has suggested. Tehran has accused America of complicity in Israel’s attacks on its nuclear infrastructure.

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Renew Economy Friday, June 20, 2025 - 05:11 Source
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Your Democracy Friday, June 20, 2025 - 04:57 Source

Turkish President Recep Tayyip Erdogan has condemned Israel’s aggression in Gaza and ongoing attacks on Iran, comparing Prime Minister Benjamin Netanyahu to Adolf Hitler.

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THE BLOT REPORT Friday, June 20, 2025 - 00:40 Source

I know that not a huge proportion of Americans know what is going on beyond the borders of the US, and this was brought home to me recently, when I was reading something about the massive No Kings protests in myriad cities and town across the US. One source I read estimated that about 13 million people demonstrated. All this happened while Trump held his military parade in honour of his own birthday, at which something like a few thousand people showed up to watch, some of whom were even there to protest against Trump, or at least to separate the 250th anniversary of the army’s creation from Trump’s 79th birthday.

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MacroBusiness Friday, June 20, 2025 - 00:05 Source

The Rudd/Gillard Labor government made the disastrous decision in the early 2010s to authorise LNG exports from Gladstone, Queensland, without forcing gas producers to first serve the domestic market. As a result of this policy blunder, East Coast Australia became the only gas exporting jurisdiction in the world without a domestic gas reservation policy. We

The post How Australians were robbed of their own gas appeared first on MacroBusiness.

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Renew Economy Thursday, June 19, 2025 - 17:42 Source
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The Tally Room Thursday, June 19, 2025 - 17:10 Source

It has barely been two weeks since the no confidence motion passed, and just over a week since the Tasmanian state election has been called, but the candidates are coming out of the woodwork very quickly.

I have now updated my election guide to feature those candidates announced so far.

The Liberal Party and Labor have now announced a full slate of 35 candidates. The Liberals finished announcing their ticket this afternoon, when they announced their last four candidates for Clark.

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