Asian markets are generally steady following the weekend gap with traders absorbing the outcome of the Trump-Xi summit last week amid some other economy releases, not withstanding last week’s Fed meeting which saw a “cut and wait” approach as too much inflation and not enough job growth plagues the Trump regime. This has seen the
Under a series of agreements reached between the Australian and New Zealand governments, Kiwis can relocate to Australia and reside there indefinitely using the Special Category Visa (SCV). The SCV is automatically granted to New Zealanders upon admission, provided they meet character and health criteria. The SCV allows Kiwis to live, work, and study indefinitely
If a new Morgan Stanley study is any guide, it’s bad news all around for youth. The jobs they can do that are hostile to AI job displacement are the most toxic, most unpleasant, and most migrant-saturated imaginable. In short, your kid can plunge his/her hands into the abyss of the human mouth, handle flesh-eating
Recent data from CBA suggested that Australian households had lifted their spending in response to the Reserve Bank of Australia’s (RBA) three interest rate cuts and modest growth in household disposable income. However, the September quarter household spending indicator (HSI) from the Australian Bureau of Statistics (ABS), released on Monday, raised doubts over the strength
Is the gold boom turning to a bust, or is this only the first phase of a much bigger cycle? The bull case depends on why you own gold and how you choose to hold it. The “what” and “how” matter as much as the “whether.” Gold is a greater fool investment I’m going to start
The managed decline of the Chinese economy continues as the property sector is hollowed out. Last year’s yawnulus didn’t touch the sides of the bottomless black hole. Coal consumption growth has completely stalled. Trade appears to be booming. But only if China is shipping more smaller and lighter items. The economy has been pancaked for
Almost every infrastructure expert opposed the Victorian government’s Suburban Rail Loop (SRL) because the price tag was excessive, the project lacked a business case, it failed any objective cost-benefit analysis, and it would have insufficient user demand. For example, a cost-benefit analysis by Victoria’s Parliamentary Budget Office (PBO) found that the SRL East and North
Throughout much of the last term of federal parliament, the Coalition under its then leader Peter Dutton made a case that the Albanese government was unable to adequately manage the nation’s affairs, using words like “disaster” to characterise some of the government’s policies. While there is certainly a case to be made that the Albanese
DXY is up and away! Euro toast. AUD is stuck on the treadmill from hell. CNY down. Gold still looks shaky to me as DXY firms. AI metals find a headwind. Big miners, big shooting star. EM toppy. Jun rejection! Yield back-up continues but is not a trend break yet. Stocks trying/ The Market Ear
Iron ore is riding high with the Pilbara killer one week away. Dynamics have shifted, as expected. Late last week, hot metal output fell to 2.36mt. This has been low enough to reverse the steel inventory accumulation, though it is still much higher than last year. In turn, port inventories of iron ore are on