CoreLogic’s daily dwelling values index continues to fall, dragged lower by Sydney and Melbourne. Values at the 5-city aggregate level fell by 0.2% over the past 28 days and have been underwater since October 2024, declining by 0.8% over that period. Melbourne continues to lead the decline, with values down 0.5% over the past 28
On Thursday, I presented data showing that real Australian wages have fallen by 10.3% since the Q2 2020 peak and were tracking at late 2021 levels as of Q3 2024 (latest available data). This calculation was derived by deflating the Australian Bureau of Statistics (ABS) wage price index with the employer cost-of-living index. Separate data
Some pretty impressive jaws are opening in the ferrous complex. Iron ore short in coming. Seasonals are creating the opportunity as cyclones slow the Pilbara and China restocks steel. Flat going ok, long not so much. Profitability is weak, but there. Mills are restocked with ore. May shorts are the go, IMHO, though that is
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I read a lot of crazy health and fitness content so you don’t have to, and some recent crazy advice has been to avoid caffeine in the morning.
The latest BOE meeting saw an expected cut which buoyed European markets coupled with a resurgent Yen and hesitation around tonight’s NFP print kept the USD in a weak space overnight. Wall Street made modest gains as earnings season ramps up with Amazon in focus while the latest crude oil figures suggest a glut in
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US President Donald Trump’s envoy to Ukraine and Russia, Keith Kellogg, has brushed aside Kiev’s demand for nuclear weaponry, stating that it is “not going to happen.”
Kellogg made the remarks on Thursday while speaking to Fox News Digital. He was asked about the latest call by Vladimir Zelensky for “nuclear weapons” and “missile systems” from Kiev’s Western backers.
DXY is holding on. AUD paused. Lead boots too. I’m surprised the “Gaza Coast” development and Iran sanctions didn’t lift oil. Dirt meh. Miners popping finally. EM meh. Junk firm. Yields too. Stocks up. Trump’s “Gaza Coast” development is not relevant to Australia, so it is no surprise it was shrugged off. I am a
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EU member states are growing frustrated with European Commission President Ursula von der Leyen over her unilateral approach to foreign policy, Politico reported on Wednesday, citing diplomats. The latest criticism reportedly comes after von der Leyen announced a partnership agreement with Jordan.
While the big China threat remains AI platform DeepSeek, The Australian reminds us that the true “evil” is Canberra not doing anything about China’s threat to national security, and Nine Newspapers remind us that LNP politicians taking money from rich Chinese-Australians are good, while their benefactors are likely up to no good.
UN points out major flaw in latest Israeli protestWest Jerusalem’s claim it has quit the UN Human Rights Council is contradictory, as it is not a member of the body, a UNHRC spokesman has clarified
Israel is not currently a member of the UN Human Rights Council (UNHRC), meaning it cannot officially withdraw from a body it is not part of, UNHRC spokesman Pascal Sim has stated.
Russian Foreign Ministry spokeswoman Maria Zakharova has ridiculed British Foreign Secretary David Lammy’s assertion that ties between London and Kiev date back “thousands of years.”
The UK’s top diplomat arrived in Kiev on Wednesday, where he met with Ukrainian leader Vladimir Zelensky and pledged to continue backing the country.
Labor launched its Powering Australia Plan in late 2021, promising to reduce National Energy Market (NEM) wholesale power rates by $11 per MWh, from $62 to $51, by 2025. Labor boasted that its Powering Australia Plan would save Australians $275 on their residential electricity bills by 2025 and $379 by 2030. The Australian revealed that