A bit of a wallflower, though, and not much joy for steel. The latest CISA output has faded to bang on year-ago levels. The growth upgrades have begun. Goldman. We had assumed that the US-China trade talks in Geneva would reduce tariff rates on Chinese products from >100% to 50-60%. The joint announcement released on
The Australian Bureau of Statistics (ABS) has released the Q1 wage price index, which rose by 0.9% over the quarter to be 3.4% higher year-on-year: The result was stronger than expected, with analysts tipping a 0.8% rise over the quarter and 3.2% year-on-year. The rise in wage growth was driven by the public sector, where
Australia’s manufacturing industry is in terminal decline, falling to only around 5% of the economy in 2024, down from around 14% in the late 1970s. Australia has the lowest manufacturing share in the OECD. One of the recent causes of Australian manufacturing decline has been soaring energy costs on the East Coast of Australia. East
Labor is set to have more than 90 seats in the lower house when the new parliament sits for the first time. However, Crispin Hull has questioned the notion that Labor won this month’s federal election in a “landslide”: In fact, fairly modest swings were hugely magnified and amplified by the electoral system to result
The Market Ear on the recession that never was. Best recession ever Once again, the recession never came. Economists and markets spent much of the past year bracing for a downturn—citing rate hikes, inverted yield curves, and slowing indicators—only to watch the economy remain stubbornly resilient. It’s a familiar pattern. As the old adage goes, “macroeconomists
United Kingdom Prime Minister Keir Starmer has called for the nation to take back its borders, saying the UK is becoming an “island of strangers” and that immigrants should learn to speak English. He has announced sweeping immigration reforms with the aim of reducing net overseas migration back to pre-pandemic levels. NEW: UK Prime Minister
DXY took a breather. AUD bounced. Lead boots to the moon. Gold prays it ain’t so. Metals go for growth. Miners still stuffed. EM yawn. Junk says nothing ever happened. No yield relief. Stocks only go up. Wall Street bears are in full retreat. Goldman. We expect this move to leave the US effective tariff
Indian students and migration agents celebrated Labor’s federal election victory as a green light to immigration. The Indian community and migration agents know that the Albanese Labor government is a soft touch on immigration. Their view is well-founded, with record international student enrolments: Record graduate visas on issue: And record bridging visas on issue as
The latest ASIC data shows that the construction sector leads the nation’s insolvencies, with 2,795 firms going under so far this financial year, representing a 24% increase on 2024. The following chart from Justin Fabo from Antipodean Macro illustrates the rising construction sector insolvencies, which are tracking at around double the pre-pandemic norm: Last week,
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500
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