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Iron ore to keep on falling

August 5, 2025 - 10:30 -- Admin

Ferrous pulling a Costanza in the last few days. Goldman remains bearish. While fundamentals are likely to remain supportive (specifically, consumption), providing a floor at $95/t, we expect stimulus headlines and anti-innovation policy- which drove the July short-covering rally – to disappoint. The readout from the July Politburo meeting was broadly in line with our

Macro Morning

August 5, 2025 - 09:00 -- Admin

Wall Street rebounded overnight in what looked like a short covering exercise but barely managed to cover the Friday night losses while the USD remains on the ropes as it only moved higher against Swiss Franc as the likelihood of the Fed cutting rates much sooner increases. US Treasuries again saw further moves lower across

Australian manufacturing is dying and nobody cares

August 5, 2025 - 00:05 -- Admin

The latest Australian Bureau of Statistics (ABS) national accounts showed that Australia’s manufacturing sector comprised a record low share of GDP. In Q1 2025, manufacturing’s percentage of GDP decreased to 5.1%, down from 8.9% two decades ago and 15% in the mid-1970s. Australia has the smallest manufacturing share in the OECD, making it one of

Macro Afternoon

August 4, 2025 - 16:30 -- Admin

The fallout from Friday night’s terrible – or beautiful depending on your alternative facts – US jobs print has seen most Asian share markets come back slightly while Wall Street looks set to lick its wounds on the open tonight. The USD remains on the run after falling sharply against the majors on Friday night

ACTU pushes right policy buttons

August 4, 2025 - 14:00 -- Admin

The ACTU has used its submission to the federal government’s upcoming economic roundtable to call for negative gearing and the 50% capital gains tax (CGT) concession to be restricted to a single property. The ACTU also wants a 25% “energy levy” to be imposed on LNG exports, for millionaires and family trusts to pay at

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