The ferrous complex is fast hurtling into the absurd. Above $100, an abundant Indian supply will gush back into the market. And we’ve got some shorts to squeeze. Meanwhile. Pilbara killer port operations are coming to life as huge transformer-like monsters are installed. Such state-of-the-art operations risk the possibility of outperforming projected volume benchmarks. Yawnulus
Are Australians so grotesquely entitled that they’d rather jettison democracy than pay a little more for their defence of said democracy? From The Australian: Core support for the Coalition has collapsed to the lowest point in 40 years following Labor’s convincing election victory, despite poor approval ratings for Anthony Albanese’s leadership at the start of
Friday night saw risk markets hinge on more trade concerns with the Trump regime pushing for a baseline 15-20% tariff on all EU products while at the same time obfuscating any real chance of a deal with Japan, which went into the final session of the trading week under an election cloud. Wall Street tried
I reported last week that Australians have become increasingly bullish on house prices, with the latest Westpac consumer sentiment index showing that house price expectations have surged to a cyclical high, coinciding with a strong rebound in the “time to buy a dwelling” index. The auction market matches the surge in expectations. Cotality reported that
Australia’s ‘miracle’ labour market has been living in somewhat of a fool’s paradise. A boom in government-funded jobs has driven Australia’s strong job growth and historically low unemployment rate. The non-market sector, which comprises public and private service providers that rely on government funding, has accounted for 60% of total job creation since the pandemic
By Harry Ottley, economist at CBA The unemployment rate rose to 4.3% in an otherwise quiet week locally. Next week is quiet again. The RBA minutes and a speech from RBA Governor Bullock will garner the most attention. The calendar offshore is also extremely light, with CPI in NZ and the ECB policy decision the
DXY faded Friday night. AUD was stable. The bif short is, like, permanent. Lead boots going downhill. Commods flew as DXY paused. Big mining bear steel counter-rallying. EM looks more like yesteryear. Junk OK. As yields eased. Stocks flat. Goldman is modestly bearish on AUD as the RBA is run over by its own stupidity.
Dear Millie Muroi. Greetings from the people of Macrobusiness. We know you are the young up-and-coming economics commentator in the mainstream media at Nine, and we really do hope that you have a long and distinguished career in Australia’s media. We understand if the only things you may have heard about Macrobusiness are not all
If you are curious about the differences in methodology between myself and the usual auction data providers, there is an explanation down the page. After last week’s strong performance from the Sydney auction results, it’s strongest since June 2023, it appeared increasingly likely that the Sydney market was set for a boom. This week
Independent performance tables to 30 June are in, and the AFR has listed the best‑performing large super funds. Our flagship MB Growth fund finished near the very top with a 12.1 % return for FY‑25¹. We’re proud of the outcome, but prouder still of how we achieved it. What made the difference? Driver Our positioning Why it