Inflation is falling across the advanced world. As a result, monetary policy is easing globally, as illustrated below by Justin Fabo from Antipodean Macro: As shown above, the decline in official interest rates has lagged other advanced nations. The recent local data shows that inflationary pressures in Australia are rapidly easing. Wednesday’s monthly inflation indicator
DXY is at the breaking point. EUR is soaring. AUD should be catapulting, but markets are beginning to understand that Labor’s immigration-led growth model produces no inflation. Lead boots plod higher. Gold has lost its energy. Oil bottom. Metals reflation is here. Except for the big bears. EM yawn. Junk on the verge of a
Wall Street struggled to find a reason to continue the post “Mission Accomplised” Iranian strike rally with European shares slumping despite a commitment of more military spending at NATO. Softer home sales in the US and a very cautious Federal Reserve Chair saw the USD sold off yet again, with almost all the undollars picking
With the release of the latest rental vacancy rate figures from SQM Research, it was revealed that, at a national aggregate level, zero progress had been made in addressing the nation’s rental crisis over the last 12 months. While SQM’s rental vacancy rates are not seasonally adjusted, a comparison of the same month in the
In handing down Western Australia’s latest budget last week, WA Treasurer Rita Saffioti announced $1.4 billion worth of measures aimed at addressing issues in the WA housing market. With the Western Australian housing market seeing rapidly rising prices and a dire lack of rental housing, Committee for Economic Development of Australia (CEDA) chief economist Cassandra
Equity markets in Asia are somewhat bullish although the latest softish CPI print kept Australian stocks and the dollar steady, despite further calls of cuts from the RBA. The USD is trying to clawback lost ground but its really all about the Yen at the moment as the BOJ indicates some hawkish positioning around their
Following a wave of softer-than-expected data and the dovish May RBA decision, CBA has revised its expectations for interest rate cuts forward. “We now expect the RBA to cut the cash rate by 25bp to 3.60% at its 7-8 July meeting”, CBA senior economist Belinda Allen wrote. “And a follow up 25bp rate cut in
Australia delayed implementing global anti-money laundering rules for nearly two decades. In March, the Anti-Corruption Data Collective (ACDC) and Transparency International released the inaugural Opacity in Real Estate Ownership (OREO) Index, which ranked Australia last in the world. The index ranked major developed nations on two key criteria: 1) the scope and accessibility of real
Recently, it was revealed that the membership ranks of the Liberal Party were plummeting, with one party source claiming that the biggest party expense at the local level was “funeral wreaths”. Twenty years ago, in Victoria, the Liberal Party had approximately 15,000 members. Today, more recent figures indicate that the state’s party membership stands at
The Market Ear with more on the hated rally. Still little chatter… …about ATHs. SPX practically at range highs. Let’s see how this plays out from here, but an extension of the squeeze is not consensus. FOMO risk is huge. Source: LSEG Workspace NDX seasonality “We are entering positive seasonality for the NDX. Over the last 25