ANZ – Consumer Confidence at Royal Morgan slumped 5.2 points to 79.3 points from 5.2 points last week. This was the biggest weekly decline in confidence since the RBA raised the cash rate to 3.35% in February 2023. After a modest recovery following the implementation of Stage 3 tax cuts in July 2024, consumer confidence
In 2012, the Gillard government declared that the 21st century would be the “Asian Century”, and produced a White Paper detailing its expectations for how things would play out, entitled “Australia in the Asian Century”. It included expectations such as a baseline scenario predicting China would grow at 7% each year from 2012 to 2025,
Human beings! So vulnerable, venal and corrupt. It’s almost amusing from a high altitude. Yet on the ground, it is closer to maddening. The country’s largest coal power station will run for almost two years longer than planned after owner Origin Energy said an extension was needed to keep the grid secure amid a slower
Charts from TME. Penty of room for a healthy correction. Not so healthy for tech. Iiiieeeeehhhwww. Volaltity structure more bearish but not crazy by any means. There’s no rush for protection. But perhaps there should be. Err, there definitely should be. This chart is a doozy. When everybody is bullish… Be bearish. Especially as markets
The ferrous jaws have eased, but nowhere near enough. The news is amusing for bears. BHP Group’s iron ore discounts following Chinese pressure are “optical, temporary and economically bounded” and don’t reflect a decline in the mining giant’s pricing power, according to RBC Capital Markets. The world’s largest mining company is deliberately absorbing the discounts
Wall Street came back from its long weekend holiday and sold off immediately in response to the EU revokation of the previous Trump-induced 2025 trade deal as the fallout from the shambles over Greenland hit all risk markets. Treasury yields spiked as European bondholders started selling off US bonds, with the 10 year up near
Mea culpa! DXY is not enjoying new Trump tariffs, while EUR is. Greenland TACO, anyone? AUD is a golden safe haven. Donald Dump has turned China from univestable to investment essential. Gold, gold, gold for Australia! AI metals smashed. Big miners are trying to outrun the iron ore black hole. Good luck with that. EM
Australia’s November CPI release from the Australian Bureau of Statistics (ABS) reported that housing inflation rose by 5.2% over the year to November 2025. This made housing the single largest contributor to annual inflation in that release. The following chart from Justin Fabo at Antipodean Macro illustrates the quarterly acceleration in housing inflation, which has
Wall Street futures fell sharply alongside the USD (and Bitcoin) while gold and undollars rose on the weekend tariff orders from the Trump regime, with the Europeans playing hardball. Asian share markets are all in the red given the risk off mood with the latest Chinese economic figures (and more importantly – population figures –
Goldman has an AI tracker series to add to the data mix. Adoption is accelerating fast for enterprises. White collar firms are leading the way. SMEs are not being left behind. AI is creating some jobs. Straya is an early adopter. More of a headwind to hiring rather than outright job losses so far. The