An uneasy night on Wall Street with minor moves as more earnings reports filter through amid more bluster from the Trump regime about nonexistent Chines tariff negotiations helping push USD lower against most of the majors as Pound Sterling hits a new three year high amid a UK/EU detente on trade. The Canadian Loonie remains
Last month, Vicki Thomson, the CEO of the elite Group of Eight (Go8) universities, claimed that international education is the nation’s third-largest export. Amid talk of imposing caps on enrolment numbers, Thomson said, “Do not put our third-largest export sector at risk. A $51 billion economy and, more than that, a sector which actually builds
I noted recently how Australia’s housing obsession has gradually choked the economy. The Australian Bureau of Statistics (ABS) reported that Australia’s housing stock was valued at a record $11,032.2 billion in 2024, with the average home valued at $976,800. According to CoreLogic’s most recent monthly chart pack, Australia’s housing stock was valued at $11.3 trillion as
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Easy Listening
The post Macro Afternoon: 29 April 2025 appeared first on MacroBusiness.
On Wednesday, the all-important Q1 CPI will be released by the Australian Bureau of Statistics (ABS). CBA expects the policy-relevant trimmed mean CPI to print at 0.6% for the quarter, bringing the annual rate down to 2.8%, within the RBA’s target band. Six-month annualised trimmed mean CPI would also slow to only 2.2%, well within
Coalition transport spokesperson Bridget McKenzie floated on Sunday, working with state governments on a road user charge after arguing that tax breaks for electric vehicle (EV) owners are being subsidised by internal combustion engine (ICE) car drivers. “The reality is under the Labor Party, they’re not contributing”, McKenzie told ABC’s Insiders. “The roads are deteriorating
Michael Hartnett at BofA. Zeitgeist:“If no recession, equity lows are in, simple; but can’t jump back on bull unless Treasury yields falling below 4%, and earnings growth stays above 5%”, asset allocator. Tale of the Tape: 3Bs of Bonds (fastest 50bps UST jump since May’09), Base (Trump approval drop from 53% to 46%–Chart 3), Billionaires
Debate is raging today about a label that Peter Dutton has applied to the ABC and The Guardian that they are “hate media”. Regular readers will know MB’s frustration with the bias of these outlets when it comes to subjects such as the impacts on Australia of immigration, energy, and foreign relations. I would describe
The Australian Bureau of Statistics (ABS) released data last week showing that Victorians are paying the highest state and local taxes in the nation. As illustrated in the table below, state and local government taxes were $6,348 per capita in 2023-24, $654 (11.5%) higher than the state and territory average. Victoria has also experienced a
Electric vehicles (EVs) receive large subsidies in Australia. First, the Fringe Benefits Tax (FBT) exemption for battery EVs and plug-in hybrids (PHEVs) is estimated to cost the federal budget more than $550 million in lost tax revenue each year. However, the FBT exemption for PHEVs expired on April 1, 2025. According to the FBT exemption