Blogotariat

"Exponential growth" in load from big batteries has helped to soak up excess wind and solar and trim the number of hours of wholesale prices spent in the negative, new data has revealed.

The Market Ear first. Nervous bonds Biggest 2 day pick up in bond volatility since the start of the Liberation Day “chaos”. Meanwhile, the 10 year is doing very little. Source: LSEG Workspace The MOVE Bond volatility; Two months of volatility decline is gone in two sessions. MOVE vs VIX gap is suddenly very wide.

The post Bearish signals appeared first on MacroBusiness.

When it comes to the Albanese government and the issue of housing, there are two very different approaches taken. There are boasts about the government’s 1.2 million new home target and flashy social media posts about the various demand-side interventions that the government is undertaking. On the other hand, there is the data coming out

The post Lock in a forever rental crisis appeared first on MacroBusiness.

No big surprises overnight as the expected softening of the US jobs situation was confirmed by the weekly initial jobless claims and private ADP prints, giving a clear run to a September rate cut by the Fed. Of course, a worsening situation for middle/lower America is gold for Wall Street which rallied nearly 1% across

The post Macro Morning appeared first on MacroBusiness.

Financial markets have extinguished hopes of the Reserve Bank of Australia (RBA) delivering a rate cut at the September monetary policy meeting. Their pessimism is warranted given the stronger-than-expected recent run of data from the Australian Bureau of Statistics (ABS). The trimmed mean CPI inflation indicator for July rose materially, increasing by 0.6% to 2.7%.

The post Kiss goodbye to another rate cut appeared first on MacroBusiness.

The SCO has condemned Israel and the US for their attack on Iran in June. In a joint statement, they said that such aggressive actions against civilian targets, including nuclear energy infrastructure, which resulted in civilian deaths, constitute a gross violation of the principles and norms of international law and infringe on Iran’s sovereignty.

Envision Energy announced a strategic partnership with Turkish energy company Mensis Enerji during the Turkish Wind Energy Congress.

Škoda Elroq launches in Australia, how will it stack up? Plus, we discuss Nio’s Firefly and its ambitious battery-swapping tech, break down the latest EV speed records, and other news of the week.

I am going to cover two different issues here today, but both pertain to Donald Trump. I am not a Trump Derangement Syndrome (TDS) person. I do not reflexively dislike President Trump, but I find myself more disturbed about his foreign policy and his military actions, which counter his professed claim to be seeking peace. Let’s start with the attack on an alleged Venezuelan boat on Monday by the US Navy… It was a criminal act by US forces in my view.

Grid security needs in South Australia reduced to a single fossil fuel generator. Soon, even that may not be required as state heads towards 100 pct net renewables.

Friday’s NFP is a massive release for markets. BofA offers its preview. August payrolls:re-acceleration? We expect Aug payrolls to rise by 90k (consensus:75k, Jul: 73k). Although initial claims increased during the survey week, the four-week average remained at modest levels and not far from the July average (Exhibit 2). Also, continuing claims declined during the

The post US jobs to rebound? appeared first on MacroBusiness.

Last week, my local WhatsApp group exploded with footage of an attempted daylight carjacking a few hundred metres from my home in Ashburton. The footage made national news. It was the third type of event close to my home in the past month, the others being one successful and one attempted home invasion and car theft.

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