The Albanese government has indicated that it will review the Unit Pricing Code of Conduct, and potentially expand its coverage to include more retailers. It is common for manufacturers of packaged food and groceries to downsize their products while keeping the prices unchanged or even increasing them. The government has been targeting supermarket pricing ahead
Japanese stocks continued their rebound on more dovish talk around rate cuts from the BOJ while mainland Chinese stocks remain closed for the week as Hong Kong reopened with a relatively slight fall. The USD remained somewhat strong from its safe haven surge as the Australian dollar tries but fails to get back above the
This is amusing from Australia’s most treasonous minister: Resources Minister Madeleine King has warned gas producers they risk damaging their social licence and playing into the hands of the Greens if they fail to provide stable supply and affordable prices to consumers. The comments came after new data on Wednesday pointed to major gas shortfalls
The Market Ear on oil positioning. Oil and the channel Oil has so far put in a double bottom, but note black gold remains trading inside the negative trend channel. We are closing in on the first resistance levels here, the upper part of the channel and the 50 day. $76 is a big level
The latest Housing Assistance report from the Australian Institute of Health and Welfare (AIHW) showed that “there has been a decline in the proportion of social housing households in Australia, falling from 4.7% of all households in 2013 to 4.1% in 2023”: AIHW notes that there were around 446,000 social housing dwellings in Australia, a
The latest stimulus announcement from China looks a lot like the last six or seven announcements. But the iron ore reaction was dramatic. Is this China’s “whatever it takes” moment? Or just another in a long list of announcements with little follow through? Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer
The Albanese government is reportedly preparing to reintroduce its stalled Help to Buy shared equity housing bill into parliament next week in a bid to increase pressure on the Greens. The Help to Buy scheme would help first home buyers with limited savings to enter the property market. The government would own up to 40%
Last year, The Australia Institute released research claiming that the corporate sector was responsible for over two-thirds of Australia’s inflation above the Reserve Bank of Australia’s (RBA) target. OECD research released last year also showed that unit profits made up a greater share of price increases than unit labour costs during the pandemic. Past research
The Market Ear with the latest on positioning. Computers are sellers CTAs in SPX are basically in sell or sell mode. Biggest risk is the downside over the 1 month where CTAs are sellers of $144bn ($50bn in the US). GS Sleepy bid The biggest bid is fading quickly….and will be dormant for a few
Australia is rich in coal, gas, and sunlight. Low-cost energy used to be a competitive advantage for the nation. However, through pure incompetence and “net zero” pig-headedness, our policymakers turn energy into a cost-of-living nightmare and competitive disadvantage for the nation. Already this year, we have witnessed Qenos – Australia’s last plastics manufacturer – shut