Blogotariat

It's very hard to focus on Australian politics when the world keeps getting tipped off its axis like this.

But with voting now having commenced at pre-polling stations around Australia, let us not overlook the historic, all-Australian union that was consecrated on Tuesday morning.

Via S&P comes the Aussie flash PMI. Flash Australia PMI Composite Output Index(1): 51.4 (Mar: 51.6). 2-month low. Flash Australia Services PMI Business Activity Index(2): 51.4 (Mar: 51.6). 2-month low. Flash Australia Manufacturing Output Index(3): 51.5 (Mar: 51.8). 2-month low. Flash Australia Manufacturing PMI(4): 51.7 (Mar: 52.1). 2-month low. Data were collected 09-17 April 2025

The post Aussie flash PMI fades appeared first on MacroBusiness.

The Market Ear with the setup. Chop Our base case remains intact: this market needs to heal and it will take time before we get a new direction. Expect more choppiness. Resistance levels: 5450 (21 day), range highs at 5550. Note the 50 day still way higher, currently just below 5700. Support around the 5100

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DXY finds a footing. AUD rocket flamed out. Lead boots going nowhere. Gold flame out, oil stable. Copper is a lunatic. Miners still stuffed. EM going nowhere forever now. Junk not priced for recession yet. Yields still tending to rise. Stock chop. Everybody is selling the whimpering greenback. More than stocks. Way more than yields.

The post Australian dollar jaws open wide appeared first on MacroBusiness.

Risk sentiment reversed its decline overnight mainly due to some off the cuff comments from the Trump regime’s Treasury Secretary about an “imminent” deal with China, which were since walked back but this sent a signal to buy USD and US stocks which saw Wall Street take back most of its recent session falls to

The post Macro Morning appeared first on MacroBusiness.

I found this in my iPhone's reminder app this morning. I have no memory of making it, but it seems like a pretty good plan for the workday.

Ben is joined by Jill Sheppard and Emily Foley to discuss the long-term trend of the major parties losing primary votes: what is causing the trend, how it might play out in 2025 and whether they can do anything to reverse the trend. The seat of the week is Bruce in south-eastern Melbourne.

Almost every energy claim made by Dutton isn't just wrong - it's precisely opposite to the reality revealed by simple fact-checking

When a great man and leader of the Roman-Catholic Church – and beyond it – like Pope Francis dies, it may seem almost impious to speak or write about politics. But in his case, we know for certain that it simply means doing what he told us to do.

Pope Francis was a great man who committed one terrible failure in the endThe late Catholic leader was humble and always supported the abused and the downtrodden – except in one very sad case...

China has concentration camps now. Why do Westerners claim our sins are unique?

It is now in vogue to celebrate non-Western cultures and disparage Western ones. Some of this is a much-needed reckoning, but much of it fatally undermines the very things that created the greatest, most humane civilization in the world.

The War on the West Hardcover – April 26, 2022

by Douglas Murray (Author)

The last of 75 turbines has been installed at the biggest wind project yet built in South Australia which will help edge the state closer to 100 pct net renewables.

Electric vehicles (EVs) are massively subsidised in Australia. First, more than $550 million of tax revenue is estimated to be lost annually due to the Fringe Benefits Tax (FBT) exemption for battery EVs and plug-in hybrids (PHEVs); however, the FBT exemptions for PHEVs ended on 1 April 2025. Under the FBT exemption policy, somebody who

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