The ferrous complex is still paralysed by the jaws. However, China is going to throw the kitchen sink at property. China is weighing a new round of measures to revive its ailing property market, a sector so central to the country’s economy that its continued slide threatens broader financial stability. Policymakers are discussing nationwide mortgage subsidies for
One year ago, Treasurer Jim Chalmers and Finance Minister Katy Gallagher declared that the Future Fund, which is one-third the size of the Australian economy, would be directed to invest in housing and the green energy transition “where possible, appropriate, and consistent with strong returns”. This was the first time the federal government imposed certain
Gas Balkanisation is suddenly being debated. Townsville Enterprise has warned that surging gas prices are crippling Queensland industries and threatening the State’s manufacturing and mining competitiveness. The call follows mounting concern over the east coast gas crisis, with warnings of tightening supply and soaring costs for manufacturers and households. Representing North Queensland’s key industries, Townsville
The Market Ear explores. Not your normal market SPX futures so far today: high 6791, low 6588. Extreme volatility continues to shake this market. SPX is well below the trend channel, as well as trading below the 50 day (starting to slope negatively). Must hold at 6600, resistance at 6800. Source: LSEG Workspace Fear running
When Australia closed out the 2017 calendar year, the total number of properties listed for sale reached a level considered, at the time, deeply depressed. With just a little over 200,000 homes listed for sale, it was dramatically below what had become normal in the early to mid-2010s, when the 220,000 to 240,000 homes for
Oh what a night! Wall Street managed to a 4% plus volatile turnaround after embracing the uber good earnings from NVIDIA before realising the AI bubble might be a bubble with no upside potential, not helped by a massaged and very late September US jobs report and a lot of Fed hand wrangling over rate
DXY is ready to pop but not yet. AUD is breaking down. CNY yawn. Gold and oil yawn. Metals say Chinese property rescue is no bueno. Miners too. EeeiiuuM Junk was OK, weirdly. Yields too. Stocks puke. US September payrolls didn’t cheer anybody. Total nonfarm payroll employment edged up by 119,000 in September but has shown
A new proposal has been pitched in the United States to address the country’s housing crisis. The Trump administration is working to introduce 50-year mortgage terms for homebuyers. Instead of the standard 30-year fixed mortgage, payments would be spread across 50 years. President Trump has framed it as a continuation of the American Dream, likening
Action in Japanese bond markets dominate risk taking across Asia with stock markets having mixed sessions after Wall Street stabilised overnight, with Japanese shares launching higher. The USD pulled back against most of the undollars after a big surge overnight on the release of the FOMC minutes which indicated the December rate cut may not
Goldman has some whacky analysis of China today. October activity weakness not too alarming: China’s October economic data showed wide spread weakness, especially in property and investment. Most major indicators grew less than 5% year-on-year, and property new starts declined nearly 30% yoy. This downturn is partly due to technical factors, such as a high