Blogotariat

Australia’s labour market has been gradually softening over the past year. This softening is evident in the gradual rise in Australia’s unemployment rate: As illustrated below by AMP chief economist Shane Oliver, the various measures of job openings have also weakened: Alex Joiner, chief economist at IFM Investors has published an interesting set of charts

Another two solar projects have joined the grid and will start the commissioning process, with one morphing into a solar hybrid and the other supporting grazing.

Deals for supplying fighter jets to Ukraine remain promises, not firm contracts. Nevertheless, they draw France and Sweden deeper into the conflict with Russia.

LYUBA LULKOEmpty Fighter Jet Deals: Europe’s Unrealistic Pledges to Ukraine Exposed

South Korea vows to phase out coal, and use gas only as "emergency backup" to supp

DXY is back. AUD is sitting on big support. CNY serene. Gold no bueno. AI metals likewise. Miners fade. EM too. Junk sitting on big support, too. Yields down a smidge. Stocks no bueno. There was not much overnight to explain the strong DXY, other than traditional risk off. That the failure of risk sentiment

The post Australian dollar bashed by bursting bubble appeared first on MacroBusiness.

Government ministers from around the world are preparing for a final few fraught days of talks at the UN climate summit as they bid to secure a deal that demonstrates global resolve amid increasing assertiveness from developing nations.

The job will not be easy. Countries are now digging into some of the toughest issues – many of which have been left off the formal agenda to ensure the talks keep moving even if one issue gets hung up.

Financial markets and many economists no longer believe that the Reserve Bank of Australia (RBA) will provide further interest rate relief. They now expect the official cash rate to remain on hold next year. I am less hawkish. I expect the unemployment rate to trend higher amid the rapid expansion of the labour market via

The post Aussies still very bullish on Australian house prices appeared first on MacroBusiness.

Ukrainian forces have begun using the TFL-1 terminal guidance system, which increases the accuracy of FPV drones and ensures effective control even in the case of communication disruption.

Not a good start to the trading week with most Asian stock markets in the red as a slew of macro events and central bank speeches along with the restart of the US federal government is clouding the short term outlook. Currency markets appear nonchalant however with the Australian dollar holding somewhat steady but looking

The post Macro Afternoon appeared first on MacroBusiness.

Local networks say they can unlock more than $4bn in value by connecting big solar, wind and batteries, integrating consumer energy resources and EV charging.

Nine Media’s Shane Wright and Millie Muroi have written a detailed report explaining how the nation’s asymmetric responsibilities and vertical fiscal imbalances are harming service delivery, infrastructure, businesses, and overall productivity and living standards. There is an increasing number of Australian politicians and policymakers who believe that the nation’s federal system is a key cause

If market participants are correct and the CIS has not led to prices sufficient to reach financial close, change is required if the 2030 targets are to be achieved.