Another mixed session on Asian markets with the pullback on Wall Street overnight upsetting most equity markets while the sharp appreciation in Yen and local unemployment figures helped muddy the currency waters. European and US stock futures are quite flat as we head into the London session while the USD is being pushed around again
New Zealand’s Q2 Consumer Price Index (CPI) was released on Wednesday. Inflation was lower than expected in the June quarter, with consumer prices rising by 0.4%. That saw the annual inflation rate slow to 3.3% (down from 4.0% in the year to March). The print was below the Reserve Bank’s forecast of 0.6% QoQ: Lower
Given the lies it constantly airs on the subject, SBS should be considered a taxpayer-funded lobbyist for Big Australia immigration. Last month, SBS Punjabi interviewed prominent immigration propagandist and managing director of the Australian Housing and Research Institute Michael Fotheringham to refute the notion that the rental crisis is being driven by high immigration. Fotheringham
Bernstein on youth makes for unhappy reading. Physical and mental health of young Americans has considerably worsened over the last decade. Due to advances in medicine, Gen Alpha is significantly less likely to be harmed by severe illnesses like polio or leukemia vs. Boomers. But the sharp rise in childhood obesity has exposed Gen Alpha
The ALP wants gas. Energy Minister Chris Bowen: “I think the ISP (Integrated System Plan) sums it up.” “They see gas capacity going up to 15 gigawatts by 2050, but total dispatch coming down.” “Because we need more support for renewables, but it will be dispatched less and less often as we build the renewables
After surviving an assassination attempt, Trump is leading most polls for the next president. Join us in this week’s podcast as Nucleus Wealth’s Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith, look at the legal issues and the potential outcomes, the likelihood of a Trump re-election and what it would mean for stock
The official ABS labour force survey continues to defy nearly every other labour market measure, recording strong employment growth of 50,200 in June and a solid 0.8% rise in hours worked: The number of jobs added was more than double economists’ estimates of 20,000. However, the official unemployment rate rose slightly to 4.1% (from 4.0%
This is ridiculous, as usual: Australian ambassador to the US Kevin Rudd has moved to shore up his standing among MAGA Republicans, texting vice president candidate J.D. Vance and meeting key Donald Trump allies as he scuttles the idea that he might be replaced under a new president. “I think you’ll find there’s a wide
Goldman with the rub. July 17th (today) is here and typically marks the end of summer BBQ / pool /pirate themed party, for the S&P 500 since 1928. The S&P has hit 38 new all-time highs, on pace for the 2nd most closing highs in ~100 years, only 1995 is shaping up to be stronger
The Guardian’s Greg Jericho has put together some great charts showing how the private sector job market has collapsed, while government-aligned jobs are booming. As illustrated in the next chart, jobs in the market sector recorded near zero growth in the year to March 2024, while jobs in healthcare & social services, education, and public