Everything is awesome on an alleged deal between the Trump and Xi regimes over trade, but the lack of solid news isn’t holding markets back with Asian shares all green while futures for Wall Street are looking sky high. Friday night’s US CPI print is keeping the USD somewhat down against the majors as expectation
Preliminary data from Cotality shows that Sydney’s residential auction clearance rate fell to 68.2% in the week to Saturday, which was the lowest since the week ending 8 June and was the first time the preliminary clearance rate has been below the 70% mark in 21 weeks. A total of 959 auctions were held in
Albo is the jetsetting, international yes man. No matter how contradictory, how damaging to the national interest, or how crazy in the context of Cold War 2.0, Albo will say yes, and yes again! Fly to India and sign away the Australian labour market to Indian scam college degrees? Yes! Fly to China and crawl
For more than a decade, the Productivity Commission (PC) debunked the myth that immigration can overcome population ageing. For example: PC (2005): “Despite popular thinking to the contrary, immigration policy is also not a feasible countermeasure [to an ageing population]. It affects population numbers more than the age structure”. PC (2010): “Realistic changes in migration
Trump’s oil sanctions appear to be having some impact. Russian President Vladimir Putin remained defiant on Thursday (Friday AEDT) after US President Donald Trump hit Russia’s two biggest oil companies with sanctions to pressure the Kremlin leader to end the war in Ukraine, a move that sent global oil prices sharply higher. The US sanctions prompted Chinese
Various people are weighing in on Victoria disease and its causes. The adipose are calling for a police state. Eddie McGuire says Melbourne may need a Los Angeles-style crackdown on crime to encourage people back into the city centre. While the city remains electric at night and during major events, Mr McGuire said weekday activity
Prime Minister Anthony Albanese has launched a new propaganda campaign promising to make Australia a strong manufacturing nation again. Albo’s promise comes as Australia’s dying manufacturing sector has shrunk to a record-low 5% of GDP. “Prime Minister Anthony Albanese has vowed to make Australia a manufacturing powerhouse again amid warnings from business leaders that local
The Coalition has long been accused of having a “women problem”: an inability to effectively engage with the nation’s female voters and identify key issues that resonate with this demographic. In terms of the hard data, the Coalition has been underperforming with women relative to men for over two decades. According to the ANU Election
The Market Ear says blowoff. NASDAQ – doing what it does best NASDAQ continues trading inside the perfect trend channel that has been in place since May, continuing to do what it does best: Consolidating, breaking above it, ripping higher. Buying the 50 day remains simple but profitable… Source: LSEG Workspace SPX loves it SPX
The ferrous market is in a period of comprehensive excess that cannot last. Even AI can read a broken ferrous market now. Record-high Chinese iron ore imports in recent months create a disconnect with domestic steel production trends. While import volumes surge, steel mill output faces restrictions from profitability constraints and government-imposed production limits, indicating