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Your Democracy Friday, October 17, 2025 - 08:41 Source

US President Donald Trump has announced plans for a summit with his Russian counterpart Vladimir Putin in Budapest, Hungary.

The meeting will take place at a date to be determined after “high-level advisors” from the two countries meet next week, he said in a Truth Social post on Thursday.

Washington’s delegation at the initial meeting will be led by Secretary of State Marco Rubio, he said, adding that the location is yet to be determined.

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MacroBusiness Friday, October 17, 2025 - 07:57 Source

DXY no bueno. AUD even less bueno. Gold bueno. Oil no bueno. AI metals are confused. Big miners breakout or false? EM bounceback. Junk not so much! Yields freefall. Stocks need a deeper pullback. Newsflow is whacko, courtesy of ZH. Washington shutdown. Geopolitical risk Weak Macro Hawkish FedSpeak Waller sounded less dovish than normal: “You

The post Australian dollar Trumped to death appeared first on MacroBusiness.

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Renew Economy Friday, October 17, 2025 - 07:38 Source
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Your Democracy Friday, October 17, 2025 - 06:55 Source

US President Donald Trump said on Wednesday that he had authorized the CIA to conduct covert operations in Venezuela.

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Your Democracy Friday, October 17, 2025 - 06:44 Source

Climate change and human activity are causing the health of the world’s oceans to decline at an alarming rate, the UN has warned.

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MacroBusiness Friday, October 17, 2025 - 00:05 Source

Australians have endured the biggest decline in real wages in history. As of the June quarter of 2025, Australian real wages were still tracking 6.0% below their June 2020 level, at roughly the same level as December 2011. The Reserve Bank of Australia’s (RBA) Assistant governor and chief economist Sarah Hunter warned that Australia’s sagging

The post RBA: Australians face low wage future appeared first on MacroBusiness.

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Renew Economy Thursday, October 16, 2025 - 21:38 Source
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Renew Economy Thursday, October 16, 2025 - 21:38 Source

wagerup battery

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Renew Economy Thursday, October 16, 2025 - 20:10 Source
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Renew Economy Thursday, October 16, 2025 - 20:03 Source

Vicgrid offshore transmission

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Your Democracy Thursday, October 16, 2025 - 18:48 Source

The US War Department stands ready to do its part and “impose costs” on Russia over the Ukraine conflict, War Secretary Pete Hegseth has said.

Speaking at Ramstein military base on Wednesday ahead of a meeting of countries coordinating military support for Ukraine, he lauded NATO members’ recent militarization push.

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MacroBusiness Thursday, October 16, 2025 - 17:35 Source

    AUD/USD   EUR/USD   USD/JPY   GBP/USD   Gold   WTI   Brent   Australia 200   US S&P 500   UK 100   Japan 225       Vids                    

The post Macro Afternoon: 16 October 2025 appeared first on MacroBusiness.

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MacroBusiness Thursday, October 16, 2025 - 16:30 Source

Asian share markets are still trying to get a wriggle on as the trading week starts to wind down following some potential progress on the rare earth US-China trade war while the latest unemployment print locally is resetting the chances of more RBA rate cuts although the Australian dollar remains resilient against a very weak

The post Macro Afternoon appeared first on MacroBusiness.

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Renew Economy Thursday, October 16, 2025 - 14:45 Source
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MacroBusiness Thursday, October 16, 2025 - 14:30 Source

The gold boom has many investors asking for more precise ways to get exposure. Today we’re adding a Mid-Cap Gold tilt to our Direct Indexes—so you can target the part of the gold market that sits between physical bullion and the mega miners. What is the Mid-Cap Gold tilt? It’s a rules-based basket of ~a dozen listed gold

The post Announcing MB Fund gold tilts appeared first on MacroBusiness.

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Renew Economy Thursday, October 16, 2025 - 14:16 Source

Smithfield battery iberdrola

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MacroBusiness Thursday, October 16, 2025 - 14:00 Source

The Reserve Bank of New Zealand has slashed the official cash rate by 3.0% to 2.5%, which has driven mortgage rates sharply lower. Even so, New Zealand home values have failed to respond, printing another month of zero growth in September, according to the Real Estate Institute of New Zealand (REINZ) House Price Index (HPI).

The post New Zealand’s magnificent house price crash restores affordability appeared first on MacroBusiness.

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Renew Economy Thursday, October 16, 2025 - 13:34 Source
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MacroBusiness Thursday, October 16, 2025 - 13:30 Source

It may be that we don’t need China to bully us into an Albo tyranny. The Coalition is doing it all by itself. After an acrimonious partyroom meeting in Canberra last week, a disenchanted Liberal MP mused that if seven of his colleagues ­defected to the Nationals the balance of power within the Coalition would

The post Coalition mulls handing Albo power forever appeared first on MacroBusiness.

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MacroBusiness Thursday, October 16, 2025 - 13:00 Source

The Market Ear with more. Soon Momentum in gold is beyond impressive. As we have been pointing out for weeks now, the current break out has a lot of similarities to the break out we saw earlier this year. That move saw gold gain some 28% before we paused. Apply the same “logic” to the

The post Gold reaches ludicrous speed appeared first on MacroBusiness.

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THE BLOT REPORT Thursday, October 16, 2025 - 12:52 Source

I wrote a rant a while ago about how the Russian invasion of Ukraine has developed into a very different war with drones of various types forming a huge part of the Ukrainian arsenal. This was by way of introduction to a story about the development of unmanned underwater vehicles, one of which will be entering service with the Royal Australian Navy in early 20261.

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Renew Economy Thursday, October 16, 2025 - 12:48 Source
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MacroBusiness Thursday, October 16, 2025 - 12:30 Source

It is an easy and appropriate target. Origin Energy chief executive Frank Calabria has declared Australia’s energy market is “no longer working” to deliver affordable, reliable power capable of facilitating the transition to renewables, and sought urgent reforms, including limiting Santos-backed GLNG’s ability to buy gas from the domestic market. Mr Calabria said governments must

The post Gas cartel stabs Santos in the back appeared first on MacroBusiness.

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MacroBusiness Thursday, October 16, 2025 - 12:00 Source

The explosion of artificial intelligence has triggered one of the largest capital expenditure booms in history. Trillions of dollars are being poured into building and upgrading data centres, which now sit at the heart of the global economy. The explosive growth of data centres has added significantly to global electricity demand. Global electricity demand could

The post Aussies fear AI and rise of the machines appeared first on MacroBusiness.

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MacroBusiness Thursday, October 16, 2025 - 11:48 Source

A surge in Australia’s unemployment rate is the one factor that could force the Reserve Bank of Australia (RBA) to cut rates sooner and deeper. The latest Statement of Monetary Policy from the RBA forecast that Australia’s unemployment rate would peak at only 4.3% and remain at this level until late 2027. However, Thursday’s labour

The post Unemployment surge opens door for rate cuts appeared first on MacroBusiness.

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MacroBusiness Thursday, October 16, 2025 - 11:30 Source

Chinese inflation remains bogged. The CPI fell MoM and is going nowhere YoY. PPI is similar. As anti-involution weighs on domestic demand, I expect prices to keep falling. The real problem is unresolved. The black hole of real estate. Golden Week needs to be renamed something less auspicious. New property sales are down again for

The post Chinese deflation is for ever now appeared first on MacroBusiness.

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MacroBusiness Thursday, October 16, 2025 - 11:00 Source

While there are an increasing number of issues where the views and sensibilities of the public are entirely at odds with those of the political class, one issue arguably stands out where the perspectives of politicians and the electorate are in two entirely different postcodes: immigration. For the longest time, the immigration debate was an

The post Politicians clash with the public’s view on migration appeared first on MacroBusiness.

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Renew Economy Thursday, October 16, 2025 - 11:00 Source
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Renew Economy Thursday, October 16, 2025 - 10:54 Source
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MacroBusiness Thursday, October 16, 2025 - 10:30 Source

Australia has the second-largest concentration of international students in the world, behind the tiny nation of Luxembourg. Temporary visa data from the Department of Home Affairs shows that student and graduate visa holders comprised 3% of Australia’s population—almost one in 30 people—in the June quarter of 2025. This was up from 2.6% at the pre-pandemic

The post Labor pumps international student ponzi appeared first on MacroBusiness.

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