Another relatively solid session for Asian share markets although Chinese equities are having another rough ride as the PBOC leaves lending rates alone while the latest RBA minutes didn’t give any further evidence of what was going on. Futures for Europe and Wall Street are a bit flat going into tonight’s session without much on
The Victorian government has proven repeatedly that it cannot manage the costs of major infrastructure projects. Consider the following examples of projects whose costs have ballooned, adding to the state’s enormous debt pile: The West Gate Tunnel project, whose cost is projected to double its initial $5 billion price tag. The $11 billion Metro Rail
Simpletons and rent-seekers are the usual fare at the AFR: Fund managers including Ellerston Capital’s Chris Kourtis and brokers are turning bullish on Andrew Forrest’s Fortescue, despite the slumping iron ore price weighing heavily on the longtime ASX pariah. In the last two weeks, four equity research firms – Citi, Morningstar, JPMorgan and Morgans Financial
Australia’s housing supply is already a mess, with dwelling approvals, commencements, and completions all tracking at near decade lows in annual terms at the same time as the nation’s population is growing like an out-of-control science experiment: As a result, Australia is experiencing a record shortfall between population demand and supply, which is the primary
So says Goldman. AUD/NZD: Further to fall.AUD/NZD has come off of the July highs, and we think there is room for further downside. Markets have taken out much of the stretched front-end pricing we highlighted a few weeks ago. But we would argue that there is still a bit too much divergence implied in the
Make no mistake, there is a problem: Australians working in the country’s most common jobs cannot comfortably own their own home, new analysis shows, as the Greens double down on stalling the Albanese government’s housing bills. Childcare workers, aged carers and teachers are among those priced out of the market, a parliamentary library analysis requested
Labor couldn’t run a piss-up in a brewery. Here’s a line-up of the parasites jockeying for your money: …Mondelez International, the local maker of brands such as Cadbury and Oreo, has called for food manufacturing to be added to Future Made in Australia’s “economic security and resilience” investment stream. …The lobby group for the local
I wrote on Monday about how global ratings agency Standard and Poors has warned the Victorian government that it risks a credit rating downgrade and spiralling debt repayments if it proceeds with the $200 billion Suburban Rail Loop (SRL) boondoggle. Moody’s Ratings also warned that Victoria is facing significant pressure of further downgrades unless it
Peter Mares from Monash University has written an article in The Conversation on the blowout in elderly parents of migrants awaiting visas that would allow them to live permanently in Australia. The expensive path is a contributory parent or aged parent visa with a price tag of close to $50,000 per person. The cheaper option
The Market Ear on the crash up in stocks. SPX – big levels are here The panic round trip is over. Things from here are much more tricky. 5600, give or take, is huge, and acts as a resistance. Supports are 5500, 5450, and then the big 5400 area. Refinitiv Whipsawed Consolidated equity positioning has