The latest election polling from Roy Morgan shows that Labor and the Coalition are tied 50%-50% on a two-party preferred basis. This week’s polling continues a run of close results stretching back 17 weeks since mid-June, nearly four months ago. Roy Morgan says that if the federal election were held now, the result would be
Here comes Santa. Early, as robots front run everything. Not with a roar If this is the break put to the upside, it sure is a slow motion one. Let’s see how this plays out, but a proper close above the 5800 area and this risks squeezing further. Refinitiv NDX seasonality Is upside the real
Golden Week delivered a +20% year on year sales performance which is the best this year: Hardly tearing away so far: Inventory remain huge: And completions trending down: Early days still, with some hope, but nothing for commodity demand with completions to keep falling.
SHFE has finally overhauled SGX: As one would expect, this is lifting steel output a little: The average utilization at China’s blast furnaces increased to around 85.6% as of Oct. 4, up by one percentage point from the end of September, and about three percentage points from the end of August, according to trade sources.
The latest Federal Reserve Minutes underpinned risk markets belief that more rate cuts are on their way, but the USD still moved strongly against all the currency pairs with Euro at a new low while Wall Street bounced back to new record highs. This should translate to gains in Asian stock markets in today’s session.
A record number of Australian businesses entered insolvency last financial year, with firms in the construction and hospitality sectors most heavily impacted. According to data from the Australian Securities and Investments Commission (ASIC), 11,053 companies went into administration in the 2023-24 financial year. The rate of collapse has continued into this financial year, with ASIC
The US dollar is up and away: AUD is in free fall though its uptrend is intact: North Asian has fallen through the trap door: Oil is caput: Metals hate DXY: Miners ouch: EM yawn: Junk no worries: Yields back-up ongoing: Stocks ATH: The Fed minutes were less unanimous on 50bps than it appeared but
Sometimes reading the AFR is like shooting fish in a barrel: Local borrowers are getting restless and wondering why Reserve Bank of Australia governor Michele Bullock says the RBA board does not expect to cut interest rates this year based on its economic outlook. There is both a simple and more technical explanation. The simple
On Wednesday, the Australian Bureau of Statistics (ABS) released quarterly data on dwelling commencements and completions. Over the June quarter, 40,300 dwellings commenced construction, nearly one-third below the Albanese government’s five-year 1.2 million housing target, which requires 60,000 dwellings to be constructed every quarter. In the 2023-24 financial year, only 158,750 dwellings commenced construction, 81,250
Most currencies were little changed across Asia today although Kiwi dropped sharply on the 50bps cut by the RBNZ while the USD remains calm in anticipation of the release of the latest Fed minutes tonight. Mainland Chinese markets took back all of their previous comeback gains as they continue to pivot on what the PBOC