Blogotariat

The share of coal power falls below 50 per cent average for whole week, for the first time in what industry observers are hailing as a "turning point."

The new trading week and month is getting underway for Asian share markets which are absorbing the mixed results from the weekend release of the latest Chinese PMI surveys, plus the Japanese capital expenditure print. With Wall Street closed tonight, most risk markets are listless with currencies drifting along although action in Yen on that

The post Macro Afternoon appeared first on MacroBusiness.

The Russian economy is growing at a faster pace than projected, with GDP expected to soar 3.9% this year, Finance Minister Anton Siluanov announced on Friday.

Siluanov told TV channel Russia-24 that GDP growth in the first half of the year amounted to 4.7%, which is “a very good figure.”

“We see investments growing, at around 8%, real disposable incomes of the population are also increasing,” the minister stated.

The Commonwealth Games should be the scandal that finally sinks the Victorian government. The Games are a joke. Almost no one in Victoria cared or wanted the state to host the Games again in 2026, just 20 years after the last time it did so. The choice to host the Games was the thought bubble

The post Broke Victorian government sends $200 million to Scotland appeared first on MacroBusiness.

Bowen says changes to W.A. offshore wind zone means that local will not be able to see the turbines from shore, even on a clear day.

Treasurer Jim “chicken” Chalmers is having a good old whinge about the economy he created today: Jim Chalmers has declared the ­Reserve Bank is “smashing the economy” with its aggressive run of rate hikes in comments that shift blame on to the central bank governor, Michele Bullock, ahead of data expected to show growth slowing to a

The post The Chalmers recession has no end appeared first on MacroBusiness.

Friday’s retail trade data from the Australian Bureau of Statistics (ABS) recorded no bounce from the Stage 3 tax cuts, with the value of sales remaining flat (0%) over the month and falling in real per capita terms. Chief economist at IFM Investors, Alex Joiner, posted the following chart on Twitter (X) showing that the

The post Household spending cut as Aussies save tax cuts appeared first on MacroBusiness.

Michael Hartnett at BofA has gone gaga for dirt. Zeitgeist: “We present at the trade shows because customers want to see you using AI. Can’t figure out how to make any money with it, though.” The Price is Right: big support levels held in August…3.8% GT10, 4.0% GT30, 100 DXY,140 USDJPY, $70 oil, $60k Bitcoin;

The post Are commodities the new bonds? appeared first on MacroBusiness.

Australia’s population is booming courtesy of record net overseas migration: Australia’s population grew by 2.5% in 2023—the fastest rate since 1952—dwarfing the average growth of advanced nations: However, while Australia’s population has grown like a science experiment, fewer families are having children. The following chart shows that there were 287,000 births in Australia in 2023,

Down she goes: China’s residential slump deepened in August, as expectations of a further drop in new-home prices hampered the country’s efforts to cushion the downturn. The value of new-home sales from the 100 biggest real estate companies fell about 26.8% from a year earlier to 251 billion yuan ($35.4 billion), faster than the 19.7% decline in

The post Commodity demand goes down with Chinese Titanic appeared first on MacroBusiness.

SHFE and SGX jaws are still bad for steel mills: Mad Dalian rolled Friday night: Coking cola more: Scuttlebutt is weak: “Several factors jointly contributed to this wave of price rebound, including stronger expectation of a Fed (U.S. Federal Reserve) interest rate cut, better demand with peak construction season approaching and the suspension of steel

The post Iron ore’s hot metal mess appeared first on MacroBusiness.

CSIRO, Australia’s national science agency, and Murdoch University have launched The Bioplastics Innovation Hub, an $8 million collaboration that will work with industry partners to develop a new generation of 100 per cent compostable plastic. The Bioplastics Innovation Hub aims to revolutionise plastic packaging by developing biologically derived plastic that can break down in compost,…