Blogotariat

Wind and solar set new output records in NSW and across the main grid amid the latest heatwaves to sweep the eastern states.

Wall Street rebounded overnight from its Deepseek AI start of week dramas with tech stocks rebounding while other industrials were largely unchanged as they absorbed the latest macroeconomic news in the US and await the next FOMC meeting. FX markets were largely unmoved as well, absorbing the post weekend volatility and even more Trump Tariff

The post Macro Morning appeared first on MacroBusiness.

Already? DXY is back. AUD flamed out. Auld lead boots is back. Commods got tariffed. Miners ouch. EM so yetserday. Junk trying to throw some fuel on risk. As yields ease. Stocks rebounded. It’s hard to see how much further a DXY correction can get when El Trumpo fires off daily tariff warnings. Credit Agricole

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Back when I was at university studying palaeontology, while quaffing our numerous cups of coffee during the day, I and a colleague used to muse about the ideal palaeontological job we wanted, and it usually came down to working at the Bureau of Mineral Resources, Geology and Geophysics (BMR) in Canberra. We didn’t think it would ever happen, and that we would initially be the most highly qualified ‘check-out chicks’ in a local supermarket.

New 97 MW wind farm in Victoria to help power Amazon's computing and data centre needs.

Asian stock markets are having a hard time swallowing the volatility around the overnight moves on Wall Street due to the Deepseek AI problems, while equally swallowing the Deep Suck coming out of the White House around more tariffs. The USD was pushed significantly higher after several sessions of weakness with the Australian dollar breaking

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CEC appoints former radio shock jock, Climate Council critic and self described "patriot" as its new national spokesperson. Will he cut through?

So says Bernstein. Did DeepSeek really “build OpenAI for $5M? There are actually two model families in discussion. The first family is DeepSeek-V3, a Mixture-of-Experts (MoE) large language model which, through a number of optimizations and clever techniques can provide similar or better performance vs other large foundational models but requires a small fraction of the

The post Deepseek. Don’t panic! appeared first on MacroBusiness.

Allowing energy retailers to sell PV output for 26 to 35 cents/kWh to a buyer a few streets away from a generator that has been paid virtually nothing is yet another serious energy market design failure.

The FT with the story. Donald Trump’s Treasury secretary Scott Bessent is pushing for new universal tariffs on US imports to start at 2.5 per cent and rise gradually, said four people familiar with the proposal. The 2.5 per cent levy would move higher by the same amount each month, the people familiar with it

The post Australian dollar pounded as tariff talk resumes appeared first on MacroBusiness.

Had an idle chat in the car the other day about my perfect cafe. I surprised myself with the number of ideas I immediately had for such a thing. Almost as if I’d been thinking about it for years.

In no particular order then, in JB’s cafe…

Ferrous markets are rallying into LNY. The underpinnings remain weak. Flat is OK. Long is not. Is tariff front running done? I’m a buyer of puts on strength into May seasonal weakness.

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