Action in Japanese bond markets dominate risk taking across Asia with stock markets having mixed sessions after Wall Street stabilised overnight, with Japanese shares launching higher. The USD pulled back against most of the undollars after a big surge overnight on the release of the FOMC minutes which indicated the December rate cut may not
The post Macro Afternoon appeared first on MacroBusiness.
Don Reynolds is a name forgotten to history, though he appears to hold a key to understanding who was behind the assassination of John F. Kennedy.
On November 22, 1963, the morning that Kennedy was killed, Reynolds was testifying in a closed-door session of the Senate Rules Committee about a kickback scheme he was involved in on behalf of Lyndon B. Johnson
Two of the EU’s most powerful and controversial officials, European Commission President Ursula von der Leyen and the bloc’s Foreign Policy Chief Kaja Kallas, are struggling for control of the EU’s diplomacy and intelligence services in a confrontation “worthy of ‘Game of Thrones’,” the French newspaper Le Monde has reported, citing sources.
Pledges to triple renewables, reduce methane and double efficiency will deliver huge climate savings
Goldman has some whacky analysis of China today. October activity weakness not too alarming: China’s October economic data showed wide spread weakness, especially in property and investment. Most major indicators grew less than 5% year-on-year, and property new starts declined nearly 30% yoy. This downturn is partly due to technical factors, such as a high
All recent opinion polls show that Australian voters are fed up with excessive levels of immigration. People cite the impact on the housing market as a major concern. Recently, AMP chief economist forecast that Australia’s cumulative housing shortage is at least 200,000 and could be as much as 300,000. The latest projections from the National
The following chart from Alex Joiner from IFM Investors summarises how the billions of taxpayer dollars spent on energy subsidies have masked the rise in electricity costs: In 2024–25, households received up to $300 in rebates, and eligible small businesses up to $325, costing the federal budget $3.5 billion. In the May 2025 Budget, the
The post Labor hides energy policy failures appeared first on MacroBusiness.
It is maddening watching the Domain newspapers distort everything about property. Real estate agents will have to disclose a home’s reserve price well before buyers attend auctions under Australian-first laws aimed at tackling rampant property underquoting in Victoria. The fundamental change, to be announced by the Allan government on Thursday, follows this masthead’s Bidding Blind investigation, which
In this week’s podcast, join us as we examine why Australia’s stock market looks expensive compared to global peers — and whether the nation’s limited exposure to high-growth tech and AI could see it left behind once again. Join us when we go live at 12:30 AEDT! Click here to subscribe to our YouTube channel
The ferrous complex reamins paralysed by the jaws. Goldman has some intelligence from the ground. Steel: steel demand is seen as reasonable to solid/stable, with ongoing weakness in property and infrastructure construction sectors being offset by strong demand from manufacturing, auto, shipbuilding, machinery and exports. All steel mills we had meetings with are seeing the
The Market Ear. NVDA performance Over the past eleven releases since ChatGPT launched, NVDA’s massive 10x rally hasn’t come from earnings-day pops: day-after and week-after moves have typically lagged, while the month before earnings has usually been the strong stretch. This quarter breaks that pattern, NVDA is flat heading into results, with recent earnings cycles showing weaker