DXY is flopping around like a dead fish. AUD is back near the top of its rising channel. Lead boots are floating higher. Two shorts? Metals grinding higher. Miners yuk. EM meh. Junk OK. The steepener steepens. Stocks love a good bombing. All together now to the Beach Boys “Bomb, bomb, bomb…bomb, bomb Iran. Bomb,
As the G7 meeting in Canada gets underway, the headlines are still dominated by the Israeli-Iranian war with the potential for a ceasefire pushing European and US stocks higher overnight. The USD was able to gain some lost ground but remained quite mixed against the currency majors with news of a potential trade deal
The post Macro Morning appeared first on MacroBusiness.
Iran denies US assertion it is 'months away' from developing nuclear bomb"Iran does not seek a nuclear weapon. If we wanted to build a nuclear weapon, we could have done it some time ago, but we decided that nuclear weapons would not augment our security and are in contradiction to our ideological views," Iranian Foreign Minister Mohammad Javad Zarif says.
Australia’s superannuation concessions need to be adjusted to make them more equitable and sustainable. According to the Australian Treasury, superannuation concessions cost the federal budget around $60 billion in foregone revenue in 2024-25 and are expected to grow rapidly. Concessions on contributions cost the federal budget $30,950 billion in FY25, rising to $36,750 billion in
Millions of protestors gathered across the US on Saturday across thousands of events to protest against Donald Trump’s administration in a planned series of events called “No Kings”.
It was disappointing to see the Queensland’s Liberal-National government oppose exporting more gas to Victoria, claiming that it doesn’t have the gas supply capacity to keep “bailing out Victoria’s bad decisions”. Queensland Natural Resources Minister Dale told The AFR that his state would refuse to divert further supplies south and blamed the critical energy constraints
Ben is joined by Kevin Bonham to discuss the collapse of the Tasmanian government just 15 months after the last election, and to look at some of the early moves for independents to find a new party home.
The Israel-Iran war continues to dominate risk markets as the new trading week gets underway here in Asia with share markets quite mixed while there has been a slight bit of strength in USD over the weekend gap, but still far from a proper safe haven bid. With all eyes on the Middle East conflict,
The post Macro Afternoon appeared first on MacroBusiness.
Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.
Hi everyone
My Brissie to the Bay cycle for MS Queensland, a huge success. Donations totalled $2595, which gave me the title of “Neuro Legend”. Thanks again to all the readers and friends who keep me going on events like this. I’ll never be competitive as a triathlete, but I’m still on top of my game as a fundraiser.