Blogotariat

Carnegie Clean Energy secures deal to manufacture its proprietary CETO wave energy technology – and signs an MOU to explore projects in America's 49th state.

One of the things about the shemozzle of the Trump regime which makes me laugh, is some insular muppets who probably don’t have passports and only vaguely know where Europe is, have been asking: “Has the Democratic Party shifted too far to the left?” Compared to most other western democracies, the Democratic Party would be considered to be right wing, while the Republican Party are now mostly far right, supporting as they do, a half-witted malevolent oligarchy.

AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225   Friday Eve Easy Listening                  

The post Macro Afternoon: 9 May 2025 appeared first on MacroBusiness.

Tilt Renewables boss says battery costs are falling rapidly, but he is by shocked the rising cost of civil construction, like concrete slabs. It's a major problem for the energy transition.

The commissioning of a 63 MW solar farm marks the arrival on the grid biggest PV project yet for Aotearoa NZ. But four much bigger projects are hot on its heels.

The bulls are rushing Australia’s property market. The Reserve Bank of Australia (RBA) is forecast to cut the official cash rate by 1.0% by the end of 2025, taking it to 3.10%. As illustrated below, the Albanese government recently instructed lenders to disregard student debts when assessing mortgage serviceability, which will lift borrowing capacity. The

The post Aussie house prices projected to rocket higher appeared first on MacroBusiness.

The Market EAr on the mechanical bull. Stuck, but… SPX is still stuck in some sort of range, but note the short term trend line comes in at the 5700 level (futures). Next resistance above that is the 5750 area and the 200 day slightly higher. A close above that resistance and many will be

The post Robots are bulls, humans are bears appeared first on MacroBusiness.

Plans to build a nearly 500MW project in a region renowned for its wind resource have been waved through federal environmental approvals process, clearing the way for development.

Ferrous complex struggles continue. The steel output cuts have begun. The China Iron and Steel Association said this week the government was “actively deploying and promoting” its crude steel production mandate. Looming output restrictions have weighed on the market and are expected to impact demand of iron ore. “The main task facing the steel industry is

The post Iron ore slashed by steel cuts appeared first on MacroBusiness.

The Reserve Bank of Australia’s (RBA) Statement of Monetary Policy (SoMP) forecast that by Q2 2027, Australian real wages would be 5.9% below the Q2 2020 peak, tracking around the same level as December 2011. Extrapolating the RBA’s forecast suggests that Australian real wages may not recover to the Q2 2020 peak until around 2040.

The post When will Australian real wages recover? appeared first on MacroBusiness.

DXY is back. AUD is not. Lead boots are heavy. Commods says no bueno for growth. Big miner meh. EM meh. Junk a bit better. Yields won’t budge. Stocks only go up. DXY breaking out. EUR breaking down. Ordere restored. Nobody got dollars. And you’re going to need them if you’re chasing tech stocks again.

The post Australian dollar flogged by return of the king appeared first on MacroBusiness.

An upcoming report says 85 wind farms will come to the end of their operating lives by 2045, but Australia is not yet prepared for what happens next.