Blogotariat

At today’s monetary policy meeting, the Reserve Bank of Australia (RBA) kept the official cash rate on hold at 4.35%. It also flagged that rates would remain on hold for the foreseeable future. The RBA Minutes noted that the underlying inflation rate of 3.9% over the year to the June quarter “is still some way

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Dutton accused of not understanding the energy system by federal energy minister Chris Bowen, while former state energy minister Matt Kean also says nuclear not a suitable companion to renewables.

Brisbane-based iron flow battery manufacturer Energy Storage Industries has secured investment worth $65 million to build Australia’s first manufacturing plant for grid-scale batteries.

A mighty debate is underway between foreign policy greybeards: Could the Alexander Downer who accuses me and Paul Keating of appeasement possibly be the same Alexander Downer who recently wrote in this newspaper that if he had a vote in the US presidential election it would be for Donald Trump (“The vulgar v the divisive:

The post Labor cringers demand China appeasement appeared first on MacroBusiness.

Albo is the perfect combination of Malcolm Turnbull and Scott Morrison. He does absolutely nothing while telling huge lies about how busy he is. To wit: Anthony Albanese has blasted the supermarket duopoly for treating customers like “fools” and warned Coles and Woolworths may have exacerbated ­inflation during the worst cost-of-living crunch in a generation,

Poor old Bloomberg has no idea about China: China’s central bank has announced a sweep of support for the economy, as pressure mounts on authorities to unleash stimulus and hit this year’s growth target of around 5%. China will help banks boost lending to consumers, cut its key short-term interest rate, and lower the mortgage

The post China unleashes pop-gun shrinkulus appeared first on MacroBusiness.

Peter Dutton is doing a bang-up job of making himself unelectable when all he needs to do to win power is cut immigration and federal spending while promising rate cuts: Opposition Leader Peter Dutton has conceded the Coalition’s nuclear energy plan relies on many of Australia’s ageing coal-fired power stations running for at least another

The post Dutton’s nuclear idea is INSANE appeared first on MacroBusiness.

As with most empires in history, the search for successors can be a blighted affair. The children will rarely agree to lines of succession, and the parents can often be guaranteed to throw a spanner in the works and soil expectations. Assassinations can take place. Figures can be deposed and banished.   A modern variant…

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Everything FE was monstered yesterday. SGX firmed overnight on forlorn stimulus hopes: Same for Mad Dalian: Coking coal: FMG is getting the treatment from analysts. GLJ research: So, Where Do We Stand on Fortescue and How Did its FY24 Results Impact our Outlook?  Our SELL rating on FMG has been predicated on our negative 2024E-25E

The post Iron ore hopes again appeared first on MacroBusiness.

Risk markets are again cautious as another Middle East conflict combined with mixed global PMI readings gave some pause to any further upside momentum on both sides of the Atlantic. While Wall Street nominally put in another record high, it was marginal at best with tech stocks retreating. The USD was mixed against the majors

The post Macro Morning appeared first on MacroBusiness.

Australia’s auction market has eased over recent months, moderating house price growth. The quarterly average auction clearance rate fell to 63% nationally, the lowest level reported this calendar year. Similarly, quarterly capital city price growth fell to 0.9% in August, according to PropTrack, the lowest growth rate recorded this calendar year. CoreLogic’s preliminary auction results

Earlier this year, former Treasury economist Stephen Anthony encapsulated the Victorian government’s running of the state with the following remarks: “Victoria is on a suicide mission to record borrowing, just as global interest rates are about to hit 5%”. “Potholes can’t get filled, emergency departments can’t afford clean linen, primary schools can’t fix heaters”. “Things

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The most recent QUAD summit concluded in the United States late last week, where the group's member states particularly focused on expanding mutual maritime security cooperation.