Chinese inflation remains bogged. The CPI fell MoM and is going nowhere YoY. PPI is similar. As anti-involution weighs on domestic demand, I expect prices to keep falling. The real problem is unresolved. The black hole of real estate. Golden Week needs to be renamed something less auspicious. New property sales are down again for
The ferrous complex continues to bifurcate, with steel getting flushed while iron ore enjoys the good times. CISA data for early October rebounded after the Hebei shutdown, but inventories soared 8%. Mills are still overproducing. Goldman explains it. …change in demand patterns, driven by the need for blast furnaces to reduce steel costs, has led
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines why Australia’s stock market looks expensive compared to global peers—and whether the nation’s limited exposure to high-growth tech and AI could see it left behind once again. Join us for the podcast at 12.30 pm AEDST. Can’t make it to the live series? Catch
Trade war tensions are keeping most risk markets contained but not in selling mode as Wall Street lifted again despite sentiment around the US economy as the latest Biege Book from the Fed was released overnight. The USD continues to decline as Fed members are still broadcasting a softer economy, particularly labour markets as ICE
From the Market Ear: Here we go SPX trading below trend channel lows for the first time since the latest bull started. Note we are below the 21 day. 50 day comes in at 6600 (futures). We outlined the fading momentum earlier this week, but first let’s see how this closes today. NASDAQ technicals NASDAQ