Friday night’s US non-farm payrolls aka unemployment print was bad but good for stock markets as Wall Street rebounded while the latest election shenanigans were bad but good as well? This week will be dominated by the US elections, starting Tuesday amid another slew of earnings releases. The USD pushed back against the mid week
Australian capital city home values have risen for 18 months after recording a 0.2% increase in October, the smallest monthly gain since home prices started rising in February 2023. Momentum is slowing as sales volumes fall, advertised stock levels lift, auction clearance rates soften, and affordability constraints bite. The slowdown in momentum is being driven
The Australian Bureau of Statistics (ABS) published its final monthly housing finance release on Friday, which will move to a quarterly series, with the next one due in February 2025. In September, the total value of housing lending fell by 0.3%, the first monthly fall since March 2024. The value of owner-occupier loans rose by
The Australian economy is stuck in the longest per capita recession on record following six straight quarterly declines. The household sector, which has seen a sharp decline in per capita consumption, has driven the decline in per capita GDP. On Friday, the Australian Bureau of Statistics (ABS) released its monthly household spending indicator (MHSI), which
DXY firmed Friday night: AUD back to the lows: North Asia too: CFTC AUD is still long even as prices fall: Oil is buggered. Gold is blowing off: Dirt meh: Miners meh: EM meh: Junk is warning: Yields are loonytunes: Stocks were bid anyway: It was weather and strikes that affected the US jobs report
This week’s interview on Professor David Flint’s Save The Nation Program. Edited Transcript: There are two inflation measures that matter. The first one is the headline inflation. That is the standard Consumer Price Index you hear about on television and radio. Headline came in below the Reserve Bank’s target in Q3. We got a quarterly
CoreLogic’s final auction results for last weekend were released, with the final capital city clearance rate falling to 59.5%. It was only the third time this year that the national clearance rate has fallen below 60% and followed the 58.2% clearance rate recorded in the previous week, which was the worst result of the year.
International reads: Donald Trump’s allies are preparing Americans for higher prices if he wins – News Week BREAKING: Democrats escalate probe into Big Oil’s alleged price-fixing collusion with OPEC – Landmark World Elon Musk Says That If Trump Wins, He’ll Cause the Economy to Crash – Yahoo Trump’s incredibly dumb economic mistake:Donald Trump wants to
A slew of manufacturing PMIs across the region were almost ignored today as risk markets reacted instead to overnight movement in tech stocks on Wall Street with currencies only barely pushed around as Yen rallied then dipped on internal BOJ machinations. The Australian dollar remains just above the mid 65 handle as traders await tonight’s
When central banks tighten interest rates, there is always the risk that they keep rates too high for too long, driving the economy into a tailspin. Moreover, it is only when looking through the rear-view mirror that they recognise they went too far. The Reserve Bank of New Zealand is experiencing such regret after embarking