DXY rebounded. AUD went into hard reverse. Leda boots are OK. Oil and old muted. Metals no bueno for growth. Miners meh. EM meh. Junk better. Yields eased. Stocks out of uff. On a day when the US and China agree to trade talks and China launches another round of yawnulus, a falling AUD is
A 2022 survey by the Carnegie Endowment for International Peace showed that Indian migrants overwhelmingly vote for Labor over the Coalition. In the 2022 federal election, Indian migrants voted 58:34 in favour of Labor over the Coalition. Chinese-Australians also seem to prefer Labor. The Tally Room found that at the 2022 federal election, almost all
Building a renewable electricity system is incredibly expensive and will inevitably increase power bills. The global empirical evidence is clear: the higher the share of renewables in an energy system, the higher the electricity cost: The reasons are straightforward. Renewables depend on the weather, so they are intermittent and have low load factors. They need
Real estate agents noted that there has been a marked increase in the number of homes listed for sale in the last week alongside buyer queries. BresicWhitney CEO Thomas McGlynn expects this momentum to continue in the coming weeks after Labor secured a majority government at the federal election on Saturday. “If we see rates
This century has seen a remarkable transformation of Australia. In the 60 years post-World War II, Australia’s net overseas migration averaged 90,000 per year. Australia had only recorded two calendar years with net overseas migration (NOM) exceeding 150,000. Immigration booster Professor Peter McDonald admitted in 1999 that “there were difficulties in the late 1980s when
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 7 May 2025 appeared first on MacroBusiness.
The Reserve Bank of New Zealand has cut the official cash rate (OCR) by 0.25% to 3.50%. The reduction means the OCR has now fallen by 2.0% from its peak of 5.50%. On Wednesday, Statistics NZ released the Q1 2025 labour force report, which showed modestly higher employment, with the unemployment rate holding at 5.1%.
By Ross Elliott from The Pulse: There’s a great line from the comedy show Kath & Kim, where the very suburban Kim expresses her desire to be like affluent city people. “I want to be effluent Mum,” she says. “You ARE effluent, Kim,” replies the equally suburban Kath. The new political geography of affluent inner
This is not good news. The Australian. The EU has unveiled a long-promised plan to phase out its remaining gas imports from Russia by the end of 2027, a challenge given Europe’s continued dependence on Russian fossil fuels. “Today the European Union sends a very clear message to Russia: no more, no more, will we
The Market Ear on a possibe bear market. Very extended The 10-day advance/decline line has gotten very extended. Bespoke: “We would not be surprised to see some downside mean reversion soon”. Source: Bespoke Death cross still in place SPX is hitting some sort of short term trend line here. We moved above the 50 day, but are