Blogotariat

Goldman wraps a Q1 dud. Nominal retail sales rose 0.3%mom in March, broadly in line with expectations (GSe: +0.2%mom, BBG: 0.4%mom). That said, the details were softer, with ex-food sales broadly flat for a second consecutive month. The quarterly data were also weaker than expected, with volumes flat in 1Q2025 against expectations for an ongoing

The post RBA to cut as retail slumps again appeared first on MacroBusiness.

Ben is joined by William Bowe from the Poll Bludger to discuss the results of yesterday’s Australian federal election, which produced Labor’s best result since 1943. We talk about the close seats, how multi-party politics is transforming local electorate contests and what is likely to happen in the Senate.

Australian utility proposes up to 250 megawatt expansion to existing gas-fired power plant near Perth that will emit 196,000 tonnes of CO2 a year for 30 years.

Doctors for the Environment Australia says offshore oil and gas regulator accepted claims by Woodside that gas displaces coal despite its CEO admitting

Carney’s first and perhaps most critical political maneuver after being elected leader was tackling climate action without provoking voter backlash.

There are hints of the trade shock landing on China but they are so far minor. American freight route costs have pancaked. But freight volumes are still fine. Perhaps as dumping elsewhere begins. Ahead is a problem. With some offset already accelerating on the ground. It’s not going to be a banner year for China.

The post Trade shock yet to hit China appeared first on MacroBusiness.

The federal election has delivered a stomping Labor victory with the party winning 85 seats and a comfortable majority, with 19 seats still in doubt. The Coalition was routed, scoring one of its lowest primary votes on record. Leader Peter Dutton lost his seat (good riddance), alongside senior figures like Michael Sukkar. Shadow immigration minister

The post Greens collateral damage in election rout appeared first on MacroBusiness.

Polls have just closed on the east coast.

You can discuss the election results here tonight.

I won’t be liveblogging tonight – I’ll be helping with the ABC’s election coverage. But I’ll be back on Sunday with some written analysis and a podcast.

I suspect the website may struggle with traffic tonight, but I am just going to let it cope as best it can.

Australians are about to be jilted. There is a very widespread disenchantment and disillusionment with politics, the media, any given person being reported on or even doing the reporting, and a pervasive sense of ‘this country is increasingly stuffed’ on the streets. The issues at the core of that are issues which both mainstream sides

The post Everyday Australians the biggest election losers appeared first on MacroBusiness.

Risk markets are having a solid finish to the trading week while recent news that the Chinese may actually be open to talking about tariffs with the US, plus the Canadian auto industry seemingly getting another exemption on parts, with futures indicating an even better start in Europe. All eyes will be on the latest

The post Macro Afternoon appeared first on MacroBusiness.

I recently attended a forum on Climate and Economics in my local area with some very interesting topics discussed, ranging from the LNP’s nuclear power ideas to the dangers of not meeting Net Zero by 2050 and, of course, the upcoming Federal Election. Here are some snippets from the forum. The full transcript and audio

The post Australia’s energy future is at stake in this election appeared first on MacroBusiness.

Battery storage hits new record output in evening peak, reaching 5.1 pct of total grid supply for first time and helped along by two newly commissioned battery projects.