DXY was firm. AUD legged down the leg up. Jaws still open. Oil was flogged. Can’t find an obvious reason. Commods mixed. Miners down. EM Deep Seeking continues. Junk yawn. Yields rolling? Stocks puked. US housing and services data was soft but not terrible. Perhaps everything was exaggerated by Batwoman’s new coronavirus. More likely were
Congratulations must go to the Albanese government and its Grand China Grovel, for it has delivered what is left of “Australia” a truly unprecedented outcome. When Qantas pilots jetting across the Tasman have to worry about the threat of potshots from Chinese warships, the stabilisation in relations between Canberra and Beijing has reached its limits.
International Reading: Donald Trump gets bad news on economy: poll – News Week Economist Warns That Elon Musk Is About to Cause a “Deep, Deep Recession” – Futurism Is DOGE Just Making Up Numbers And Hoping No One Notices? – Huff Post Trump says his administration will check Fort Knox ‘to make sure the gold
Its all about Japan today as the latest inflation figures come in hot, sending a flurry of activity across the Japanese government bond market and Yen sharply lower as the BOJ indicates more rate rises are needed. Other Asian share markets are doing well although local shares are still flopping around due to the latest
The Real Estate Institute of New Zealand’s (REINZ) house price index (HPI) for January was released this week. Nationally, home values declined by 0.2% in January to be 1.4% lower year-on-year. The seasonally adjusted HPI recorded a slight increase of 0.1% in January, which was lower than the 0.7% rise in January 2024. After experiencing one
The latest insolvency data from the Australian Securities and Investments Commission (ASIC) shows that 1,420 businesses in the hospitality industry became insolvent in the first seven months of 2024-25. This represented a 62% increase on the 877 hospitality businesses that went under in the same period of 2023-24 and 156% higher than the same time
Victoria’s public debt is already the highest in the country, and the state has the lowest credit rating. One of the causes of Victoria’s ballooning debt is the state’s wasteful infrastructure splurge, which frequently involves massive projects that do not stand up to critical examination. Victoria has recently seen cost overruns totalling $2.5 billion for
Chinese house prices are bouncing along the bottom. Goldman. The National Bureau of Statistics’ 70-city house price data suggest the weighted average property price in the primary market decreased by 0.8% mom annualized in January after seasonal adjustments. Both Tier-1 and Tier-2 cities continued to show sequential increases in primary home prices in January, albeit
Via Institute for Energy Economics & Financial Analysis. The worsening supply-demand outlook in Australia’s eastern states has prompted renewed calls for increased gas production. However, such measures have consistently failed to address the longer-term risk of supply gaps, and policy solutions should be further explored instead. Most notably, while LNG producers prioritise exports to take
Deloitte Access Economics has released its latest Employment Forecasts, which noted that “the market sector workforce experienced modest employment growth in 2024 with most job growth very much sponsored by the public sector”. “The non-market sector (health care, education, and public admin) drove most of the growth in the past year. An ageing population has