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Articles from MacroBusiness

Australia cannot build more homes

September 3, 2025 - 00:05 -- Admin

One of the focuses of last month’s Productivity Roundtable in Canberra was on ways to streamline regulations to increase the rate of housing construction to meet the Albanese government’s 1.2 million housing target. Danielle Wood, chair of the Productivity Commission (PC), told Roundtable attendees that there is a backlog of 30,000 projects awaiting approval, which

Macro Afternoon

September 2, 2025 - 16:30 -- Admin

Asian share markets are seeing mixed results as traders await the return of US markets from their long weekend with the latest news about a US/Japan trade deal sending Yen lower without any real action. The chance of more rate cuts from both the BOJ and ECB firmed with the ratings agencies today but that

How AI could end the Fed

September 2, 2025 - 13:30 -- Admin

Deutsche with the note. Announcement of Cook’s removal President Trump announced the removal of Governor Cook from the Federal Reserve Board, citing “cause” due to alleged fraud in relation to mortgages she took out on properties before her appointment to the Board. This announcement was the culmination of intensifying pressure from the administration in recent

The bubble takes a breather

September 2, 2025 - 13:00 -- Admin

The Market Ear on a bubble breather.  Back to work Here are the latest positioning and sentiment data from the weekend. We could not really see a trend or a theme so we divided into the good, the bad and the really boring…. Keep on improving Globally, stock – specific news sentiment has improved consistently

Iron ore rocked by reality

September 2, 2025 - 12:30 -- Admin

The ferrous complex is breaking again, right on time for seasonality. Rebar is in freefall. HRC will follow. Iron ore is next. Scuttlebutt is bearish. Steel stockpiles at major Chinese mills jumped 4% between August 11-20 to reach 15.67 million tons, according to official data. This inventory buildup signals softer domestic consumption despite targeted production

Australia’s housing shortage worsens every day

September 2, 2025 - 11:30 -- Admin

The Australian Bureau of Statistics (ABS) released dwelling approvals data for July on Monday, reporting 16,153 trend approvals for the month, the highest volume since August 2022. Despite the rebound, approvals tracked 3,847 (19%) approvals behind the National Housing Accord’s five-year target, which requires 20,000 homes to be built every month. In the year to

Aussie growth sags again

September 2, 2025 - 10:30 -- Admin

Yesterday’s business indicators for tomorrow’s GDP were pretty awful. Key data items – Seasonally adjusted Mar 25 to Jun 25 (%) Jun 24 to Jun 25 (%) Sales of goods and services (chain volume measures) Manufacturing 0.2 -1.5 Wholesale trade 1.7 4.0 Inventories (chain volume measures) 0.1 0.8 Company gross operating profits -2.4 -3.3 Wages and

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