The biggest narrative in world markets surrounds the US. On one hand, the US economy has been growing strongly, is resilient and has seen significant productivity growth. On the other, it is being assailed by a raft of economic uncertainties, from tariffs, to domestic demand, capital expenditure plans, tourism, higher interest rates, higher wage growth
Stats New Zealand released data showing that net overseas migration (NOM) fell to 21,300 for the year ending April 2025, a decline from 90,900 a year earlier. This represented a 2½ year low for NOM, driven by slowing arrivals of non-NZ citizens and elevated departures. “Easing arrivals and strengthening departures of non-NZ citizens and still-sizeable
Following the recent practice bombing of every major Australian city by a nuclear-capable flotilla of Chinese warships, Japan has notified allies that Xi’s coming south in other ways as well. Japan said it observed two Chinese aircraft carriers and supporting warships operating simultaneously near remote Japanese islands in the Pacific Ocean for the first time,
The “Stats Guy”, Simon Kuestenmacher, is a well-known immigration shill. For years, he has spread propaganda in support of Big Australia immigration. Last year, Kuestenmacher claimed that Australia’s skills shortages would grow unless net overseas migration remained at a historically high level. In February, Kuestenmacher stated that “Australia is running out of workers and increasingly faces
We are approaching the buy-everything blowoff of the rally. The Market Ear. Getting there SPX and NASDAQ both approaching huge resistance area. At least a pause? Source: LSEG Workspace Source: LSEG Workspace That was quick Strongest comeback in 75 years… Source: DB The Russell revival Russell futures continue pushing higher post the break out. The
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The Australian Electoral Commission conducts a two-party-preferred vote in every seat, which is a count between Labor and the leading Liberal or Nationals candidate. In seats where the two-candidate-preferred vote is not Labor vs Coalition, they do the count later. With 35 seats now “non-classic”, the AEC needs to conduct those notional 2PP counts in more and more seats.
Victoria’s power grid is on heightened alert after an unexpected outage at the state’s second-largest coal-fired power station, which has elevated concerns that colder weather could strain the market and drive up wholesale electricity prices: EnergyAustralia, which owns the Yallourn power station in the Latrobe Valley, has confirmed one of the plant’s four units is
Hours after being deported from Israel, Greta Thunberg accused the country of kidnapping her and her fellow activists in international waters, adding that she had refused to sign a document stating that she had entered Israel illegally.
DXY is still sinking. But AUD did as well. Lead boots are struggling. Oil nutso on Middle East was rumours and the machine bid. Metals meh. Miners meh. EM breakout. Needs lower DXY to roll. Junk liked US inflation. So did yields. Stocks stopped. The FT has rumours. It was not clear what caused the
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A weaker than expected US inflation print overshadowed the not-a-deal US-China trade talk announcement from the Trump regime that looks almost exactly like a return to the early April settings. Wall Street couldn’t swing either of these events as positive with European shares also continuing their pullback as the USD fell back against most of
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Over recent years, Queensland has experienced a large inflow of residents from other states. Between Q1 2020 and Q3 2024, 168,500 residents from other states relocated to Queensland. Many of these residents came from Victoria, which lost 55,400 net residents over the same period. The surge in net interstate migration into Queensland and the loss
The Australian Bureau of Statistics (ABS) released data on Australia’s housing stock, which was valued at a record $11,366 billion as of Q1 2025, equating to $1,002,500 per dwelling. The following chart plots the value of Australia’s dwelling stock against the nation’s GDP and shows that the total stock was worth 4.14 times the size