Blogotariat

The ferrous complex is still struggling. Reports from the ground in China are dour. Goldman. Over the past week, we met with onshore clients in Beijing and Shanghai, including mutual funds, private equity firms, and asset managers from banks, brokers and insurance companies. Compared to two months ago(late February), local investors are more concerned about

The post Iron ore into the tariff shock appeared first on MacroBusiness.

China is easily the world’s largest carbon emitter, comprising 31.5% of global emissions in 2023, according to Our World In Data. China’s insatiable coal consumption has largely driven its near exponential rise in emissions. China is the world’s largest coal producer, importer, and user, accounting for around 30% more coal consumption than the rest of

The post China doubles-down on coal use appeared first on MacroBusiness.

All opinion polls are pointing to an easy Labor victory at this weekend’s federal election. Sadly, a Labor victory will jettison the single best policy proposal of the campaign: the reservation of East Coast gas for domestic use. The Coalition’s policy promised to quarantine uncontracted gas sold on the spot market for domestic consumption. The

The post Gas reservation will be the election’s biggest loss appeared first on MacroBusiness.

The Market Ear on abandoned stocks. Climbing the wall of worry S&P 500 up 14% since April’s 7th intraday low – now trading back above 20x PE. Mag-7’s best week in 3 years (+9.4%) . US HF net leverage has bumped a lot from absolute lows (now sits at 49% vs a recent low <40%),

The post Stocks abandoned appeared first on MacroBusiness.

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

The post Macro Morning appeared first on MacroBusiness.

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

The post International student “exports” are one big lie appeared first on MacroBusiness.

THE IRAQ WAR WAS A MASSIVE DECEPTION WHICH WAS EASY TO UNPICK EXCEPT FOR THE MMMM (MEDIOCRE MASS MEDIA DE MIERDA). THE WAR IN YUCKRAINE IS A MORE COMPLEX DECEPTION WHICH STARTED WAY BACK IN 1917, WHEN THE AMERICAN EMPIRE DECIDED TO DESTROY RUSSIA...

Storage startup MGA Thermal is back on track and looking for capital to expand, after a hiccup in 2023 knocked it off course.

Chancellor-in-waiting Friedrich Merz and his CDU won Germany's election, yet his personal popularity is low — and getting lower. Most Germans don't trust him, not least because of his approach to the far-right AfD.

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  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.

New research identifies electorate of New England as the most valuable patch of land in Australia for solar and wind. But it doesn't have the backing on the local MP.

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

The post Market tells RBA to cut fast and deep appeared first on MacroBusiness.