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MacroBusiness Tuesday, February 3, 2026 - 12:00 Source

The Albanese government is on track to collect far more personal income tax than expected this financial year, as higher‑than‑forecast inflation pushes workers into higher tax brackets. Treasury forecasts inflation of 3.75% for 2025–26. However, CPI has already risen 2.7% in the first six months, meaning the full‑year figure is likely to be higher. The Reserve

The post Bracket creep punishes workers, rewards waste appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 3, 2026 - 11:30 Source

Charts from TME. ‘Tis a mighty bust. But has not reached the 100day MA. RSI collapse. Not a CME story. A China story. More. Chinese traders, including homemakers and hedge funds, are experiencing big losses after a record rally in gold ended with a sharp market reversal. The reversal was triggered in part by the

The post Is that the end for gold? appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 3, 2026 - 11:00 Source

In the decade to June 2025, NSW’s population expanded by 977,703, driven by 884,772 net overseas migration (NOM). The state lost 245,211 residents to other jurisdictions over the last decade, which was mostly offset by a natural increase of 403,898 (i.e., births minus deaths). With NSW’s fertility rate of only 1.55 births per woman, most

The post Future Sydney: Shoebox apartments and flooded homes appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 3, 2026 - 10:30 Source

Historically, a “lame duck” U.S. President is an incumbent who is in their final term, has seen dramatically reduced political influence and congressional support, or has lost their reelection campaign. Currently, on paper, Trump has significant power, with Republicans holding the White House, Congress, and the Senate. But by mid-November, with the midterm elections looming,

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MacroBusiness Tuesday, February 3, 2026 - 10:00 Source

When the Albanese government came to office, it quickly raised Australia’s permanent migrant intake by 30,000 to 195,000 annually. It also raised the humanitarian intake by around 7,000 annually to 20,000. The permanent migration intake has since been reduced back to 185,000. So, along with the 20,000 annual humanitarian intake, the official permanent migrant program

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Renew Economy Tuesday, February 3, 2026 - 09:35 Source

south australia rooftop solarSouth Australia Liberal Party unveils $20 million election promise to deliver discounted rooftop solar systems for rental properties, in a last-minute pitch to voters.

The post South Australia Liberals pitch cheap solar for renters in lead-up to state election appeared first on Renew Economy.

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Your Democracy Tuesday, February 3, 2026 - 09:34 Source

The conservative commentariat that didn’t want rate cuts last year is urging the RBA to increase rates tomorrow, but it may not happen, Michael Pascoe writes.

The money market betting is that the Governor Michele Bullock will announce a 25-point rate rise Tuesday afternoon. The herd is following the preferred commentary of the national media, much of which hasn’t forgiven the RBA for cutting rates last year.

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MacroBusiness Tuesday, February 3, 2026 - 09:30 Source

ANZ job ads are in their strongest surge in three years. Labour demand often rises at the beginning of the year (the job advertisements series grew 6.2% m/m in January 2019 and 3.9% m/m in January 2017). The increase in January comes after the unemployment rate dropped to 4.1% and employment increased by 65.2k in

The post Job ads surge locks in rate hike appeared first on MacroBusiness.

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Renew Economy Tuesday, February 3, 2026 - 09:24 Source

Capacity payments jump sharply as regulators focus on big batteries with more storage. And despite the drop in cells prices, other costs have gone up.

The post Big batteries to get paid a lot more for having six hours of storage instead of four appeared first on Renew Economy.

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MacroBusiness Tuesday, February 3, 2026 - 09:00 Source

Overnight saw the release of a very strong US ISM manufacturing PMI print which gave industrial stocks on Wall Street a big lift and will likely spread to a risk on mood here in Asia on the open.  The USD saw a small lift against most of the undollars as Euro fell below the 1.18

The post Macro Morning appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 3, 2026 - 08:05 Source

Exclusively from national treasure, Gerard Minack. Australian rates and sticky inflation Expectations for RBA policy have swung 180° through the past three months, from easing to tightening, as inflation lifted through the second half of 2025.  There is noise in the data so I’m not as sure as the market that the RBA will tighten

The post Minack exclusive: Immigration blowing inflation roof off appeared first on MacroBusiness.

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MacroBusiness Tuesday, February 3, 2026 - 08:00 Source

DXY is back in a big short squeeze. AUD was dumped then pumped. CNY supportive. JPY not. Slaughter. More slaughter. Miners held on. EM still coming off. Junk no bueno. The Warsh effect on yields will not please the boss. Stocks rebounded moderately. In data, the ISM popped. Relative US growth is surging versus the

The post Australian dollar down but not out appeared first on MacroBusiness.

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Your Democracy Tuesday, February 3, 2026 - 07:31 Source

India and the US have agreed to a trade deal, President Donald Trump said in a social media post on Monday.

The countries failed to reach an agreement after several rounds of talks in 2025 and Washington imposed a 50% tariff on New Delhi, half of which was a penalty for India’s purchases of Russian oil.

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The Tally Room Tuesday, February 3, 2026 - 07:00 Source

Ben was joined by Donna Weeks, emeritus professor at Musashino University, to discuss this coming weekend’s Japanese general election, where new prime minister Sanae Takaichi will be attempting to achieve her own mandate.

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Your Democracy Tuesday, February 3, 2026 - 06:55 Source

Russia’s Foreign Intelligence Service: France preparing coups in AfricaFrance is preparing scenarios for neo-colonial coups on the African continent and is looking for opportunities for ‘political revenge’ in the region, TASS reports with reference to the Press Bureau of the Foreign Intelligence Service (SVR) of Russia.

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Your Democracy Tuesday, February 3, 2026 - 05:44 Source

A half-dozen masked and unidentifiable Immigration and Customs Enforcement (ICE) agents killed a 37-year-old federal employee, a nurse, on Jan. 24 by spraying pepper spray into his eyes, pushing him to the ground, stealing his lawfully owned and carried handgun, and then shooting him nine times in the back. 

 

American Gestapo/American Psycho

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MacroBusiness Tuesday, February 3, 2026 - 00:01 Source

Australia’s 5% deposit scheme has triggered a surge in first‑home buyer activity, but mortgage brokers warn the same policy is now likely to hurt those buyers the most if interest rates rise on Tuesday. Loan Market data shows a 49% jump in first‑home buyer mortgage applications in October (when the scheme began). Activity slowed in November but

The post First home buyers suckered into bubble market appeared first on MacroBusiness.

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Renew Economy Monday, February 2, 2026 - 21:45 Source

The world’s largest compressed air energy storage facility has reached full operation in underground salt caverns in the eastern Chinese province of Jiangsu.

The post World’s largest compressed air energy storage facility goes online in China salt caverns appeared first on Renew Economy.

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Your Democracy Monday, February 2, 2026 - 20:32 Source

For Sarah Ferguson and Princesses Beatrice and Eugenie, this latest drop of Epstein emails will only add to their embarrassment.

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Renew Economy Monday, February 2, 2026 - 19:39 Source

 Stellar PVAustralia is keen to build key components of the solar supply chain, and a new study says a plan to make solar wafers could be competitive.

The post A $400m project for Australian-made solar wafers could be competitive with Chinese industry, study says appeared first on Renew Economy.

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MacroBusiness Monday, February 2, 2026 - 16:30 Source

Its a sea of red across Asian share markets as margin calls from the precious metal collapse cause equities to fall over although there was a fair amount of regional data that added to the volatility, including poor Chinese PMI prints and weird moves on Korean markets. The USD remains on a tear against the

The post Macro Afternoon appeared first on MacroBusiness.

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Your Democracy Monday, February 2, 2026 - 16:01 Source

Welcome to the age of psychological manipulation…

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Renew Economy Monday, February 2, 2026 - 15:21 Source

Tesla has unveiled its newest energy product during and the buzzy new item is, in fact, a rooftop solar panel, launched at a tumultuous moment for the EV maker.

The post Tesla unveils its newest energy product – a rooftop solar panel appeared first on Renew Economy.

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Renew Economy Monday, February 2, 2026 - 15:18 Source

Plans to develop a hybrid solar and battery facility with up to eight hours of storage duration and 10 electric vehicle charging bays given federal green light.

The post Hybrid solar and eight-hour battery facility with “EV servo” gets federal green light appeared first on Renew Economy.

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Renew Economy Monday, February 2, 2026 - 14:27 Source

Limondale solar farm ryeLarge-scale renewable energy certificate prices have hit a new low, as demand continues to stagnate, falling below $6 per megawatt-hour (MWh) for the first time.

The post Renewables certificate prices hit new low in response to demand that “just isn’t there” appeared first on Renew Economy.

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Renew Economy Monday, February 2, 2026 - 14:21 Source

energy insiders cover, EI cover, white, podcastGina McCarthy, Obama's former EPA chief and Biden's climate czar, on the move to resist and overturn Trump's devastating policies. Plus: News of the week, and a perfect quarter for Australia.

The post Energy Insiders Podcast: “We are not all crazy” – the climate and clean energy battle in Trumps’s America appeared first on Renew Economy.

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MacroBusiness Monday, February 2, 2026 - 14:00 Source

Jennie George is a former president of the ACTU and a former Labor federal MP who represented Throsby from 2001 to 2010. Recently, George has taken a stand against her former colleagues to exert pressure on the Albanese government regarding gas policy, renewables subsidies, and energy security. In a comment published in The Australian last

The post Three cheers for Australia’s energy patriot appeared first on MacroBusiness.

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MacroBusiness Monday, February 2, 2026 - 13:30 Source

The unsung depression in the Chinese economy continues. It is supposed to be enjoying a manufacturing boom, yet the manufacturing PMI has averaged a decline of 49.7% after the COVID reopening, contracting 27 out of 36 months. Celebrated exports have done far worse. The Services PMI is not much better and is trending down. Led

The post Chinese depression deepens appeared first on MacroBusiness.

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Renew Economy Monday, February 2, 2026 - 13:10 Source

Melbourne Renewable Energy Hub.Batteries are clearly impacting evening peak spot prices, resulting in lower average spot prices and lower expected baseload futures prices

The post Big batteries are pushing down current and expected prices in the evening peaks appeared first on Renew Economy.

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Renew Economy Monday, February 2, 2026 - 13:03 Source

 Fortescue MetalsAn electrochemical process to make green iron with renewable energy is ready for a 100kg pilot, after an ARENA-funded study proved it works in the lab.

The post Fortescue’s low temperature green iron process ready for real world testing appeared first on Renew Economy.

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