Blogotariat

The December quarter wage price index from the Australian Bureau of Statistics (ABS) reported the strongest nominal growth in wages since March 2009. Public sector wage growth surged in Q4, buoyed by pay outcomes for health workers and teachers, whereas wage pressures across the private sector abated. Indeed, the next chart from Justin Fabo at

The post Warning signs for Australian wage growth appeared first on MacroBusiness.

The Market Ear with the latest on equities. 4.35% matters Morgan Stanley’s Wilson: “While almost all of the equity market rally late last year was attributable to lower rates, stocks are now trying to move past their dependence on central bank policy. This week’s Fed and BOJ meetings will be important tests to see if

The post Oil and equities don’t mix appeared first on MacroBusiness.

This Goldman analysis does not cover Australia, but its point does: Global labor markets remain healthy, and low unemployment rates are one reason why DM central banks have remained patient on rate cuts. We forecast that unemployment rates will not meaningfully rise in 2024, and that most major DM central banks will remain on hold

The post RBA will chainsaw interest rates on unemployment spike appeared first on MacroBusiness.

Israel’s war on Gaza is a war on children, a war on their childhood and a war on their future. Children are dying at an alarming rate from malnutrition and dehydration and doctors are no longer seeing normal-sized babies.

A massive green hydrogen project based around existing hydro and new giga-scale solar has won federal government funding from Arena.

Chinese growth is fine: Industrial output rose 7% in January-February from the same period a year earlier, the National Bureau of Statistics said Monday, much faster than economist estimates. Growth in fixed-asset investment accelerated to 4.2%, also stronger than forecasts. Retail sales increased 5.5%, roughly in line with projections. “With the recovery in these data,

The post Iron ore slips over construction cliff appeared first on MacroBusiness.

Asian share markets are putting in fairly strong sessions as the trading week restarts with currency markets still under the weight of a stronger USD in the wake of firmer than expected domestic US economics print from last week. Wall Street is looking to open slightly higher after a poor Friday night session while the

The post Macro Afternoon appeared first on MacroBusiness.

Putin may be the biggest dupe of his fake election landslide

With official results showing he won nine out of 10 votes, has the Russian autocrat overplayed his hand?

BY EVA HARTOG

The biggest utilities and the biggest energy consumers say they don't want nuclear. So who does the Coalition expect to pay for it?

By Bert Hetebry   Holidaying down at Busselton in the last week, enjoying time catching up with family and taking opportunity to walk for miles on the pristine beach. Busselton is in the State parliamentary district of Vasse, one of the few Liberal held seats in the W.A. lower house. And there are plans afoot to…

The post No wind power, no solar farms. Let’s go NUCLEAR! appeared first on The AIM Network.

Following revisions to prior quarters, Statistics New Zealand reported that New Zealand’s economy plunged into recession in the third quarter of 2023, badly underperforming the Reserve Bank’s growth forecasts: The growth picture was even worse when adjusted for population growth, with New Zealand’s economy plunging into a deep per capita recession. GDP per capita has

The post Reserve Bank wrong on economy appeared first on MacroBusiness.

Mizuho with the note. It has been nearly four weeks since the Chinese New Year holiday, and we have analyzed a range of high-frequency activity indicators to access China’s economic performance so far this year. Following the holiday break, urban traffic and express delivery swiftly rebounded, and industrial activity in auto manufacturing remained robust. However,

The post China’s new year economic hangover worsens appeared first on MacroBusiness.