Blogotariat

Asian share markets are seeing awide slump in reaction to the overnight selloff on Wall Street in reaction to the surprise upside to US inflation. The vacuum of closed Chinese markets for the Chinese New Year break is not helping with the USD higher against everything while bond markets more importantly also continue their selloff.

The post Macro Afternoon appeared first on MacroBusiness.

Daan Walter from RMI on the phenomenal growth of battery storage. Plus: Victoria blackouts, Eraring, and the rabble against renewables.

Recycling was a big theme for round 15 of these grants, which are for research ideas that can be commercialised.

National Tertiary Education Union Media Release The National Tertiary Education Union (NTEU) has urged the Albanese Government to act on damning findings of a new study highlighting a workplace health crisis for university staff. A four-year survey involving more than 6200 responses from Australian university staff has found unacceptable levels of stress, burnout, pressure and…

The post Government must act on uni staff workplace health nightmare: union appeared first on The AIM Network.

The Paediatric Palliative Care National Action Plan Project has achieved another first in Australia’s care and support of children, young people, and their loved ones living with life-limiting illness. “For the first time we have data on the delivery of specialist paediatric palliative care in Australia,” say Professor Meera Agar, Chair, Palliative Care Australia (PCA).…

SQM Research has released rental vacancy rate data for January, which declined a sharp 0.2% over the month but was 0.1% higher than a year earlier: Meanwhile, capital city asking rents increased by 1.4% in the 30 days leading up to 14 February 14 2024, bringing the 12-month increase to 13.1%. National rents rose across

The post SQM Research: “no end in sight to the rental crisis” appeared first on MacroBusiness.

The latest Seek jobs survey showed that the number of applicants per job ad surged in 2023, well beyond the pre-pandemic level: The latest Statement of Monetary Policy (SoMP) from the Reserve Bank of Australia (RBA) forecasts that Australia’s unemployment rate will rise to 4.3% by the end of 2024, which is just 0.4% above

The post Seek warns Australia has gone over economic cliff appeared first on MacroBusiness.

CEO Darren Bisine says system collapse that led to the explosion was not predictable, but the AER is still pressing for fines.

Last decade saw the largest surge in high-rise apartment construction in Australia’s history, concentrated in the country’s major metropolitan cities. This unprecedented increase in high-rise apartment complexes has been accompanied by a spike in construction defects and quality issues, including cracked foundations, water leaks, balcony defects, and flammable cladding. Notable examples include Sydney’s Opal and

The Australian Bureau of Statistics (ABS) released data showing that Victoria recorded a net decrease of 7,606 businesses during the 2022-23 financial year. The rising cost of doing business in Victoria prompted many firms to relocate interstate or overseas, with rising state taxes being one of the key reasons cited. By contrast, Queensland experienced the

The post Businesses flee draconian Victoria appeared first on MacroBusiness.

Westpac with monthly consumer sentiment. While sentiment is still firmly pessimistic there finally looks to be some light at the end of the tunnel for Australian consumers. Moderating inflation and shifting expectations for interest rates appear to be the main factors behind the lift, with some additional support coming from the prospect of broader income

The post Aussie consumer and business sentiment still dire appeared first on MacroBusiness.

Energy is everything in the modern economy. It is everything in modernity itself. Keeping the lights on at night kills the ghouls that gave rise to voodoo value systems since the species was born. How any self-respecting modern country can allow its energy supply to be at risk is beyond my understanding. It is an

The post Australian energy markets fall apart appeared first on MacroBusiness.

The US core inflation print surprised to the upside overnight, sending a shock wave through Wall Street and other risk markets with bond yields spiking and the USD soaring higher. Equity futures for Asian share markets look shaky with the Australian dollar breaking down below the 65 cent level and looking very weak. 10 year

The post Macro Morning appeared first on MacroBusiness.