Growth! S&P flash PMI. Flash Australia Composite PMI Output Index: 54.9 (Jul: Index, sa, >50 = growth m/m % qr/qr 53.8) Flash Australia Services PMI Business Activity Index: 55.1 (Jul: 54.1) Flash Australia Manufacturing PMI: 52.9 (Jul: 51.3) Flash Australia Manufacturing PMI Output Index: 53.9 (Jul: 52.3) Australia’s business activity growth accelerated midway through the
Overnight saw Wall Street stumble again, as big tech stocks couldn’t do the heavy lifting while European markets also pulled back slightly although the rising FTSE was an outsider. The release of the latest FOMC meeting minutes saw them highlight inflation and tariff risks with politics pushing in again as the Trump regime places pressure
The post Macro Morning appeared first on MacroBusiness.
I have argued from the outset that this week’s productivity summit in Canberra will fail because it won’t address the two most important factors that are wrecking the nation’s productivity: excessive immigration and expensive energy. Australia’s immigration program is simply far too large, poorly targeted, and of low quality to deliver positive outcomes for productivity
US President Donald Trump has declared that the world is no longer facing the prospect of the Ukraine conflict escalating into World War III.
I think I am in a bad dream and soon I will wake and find Donald J. Trump didn’t happen.
I listen to hours of podcasts where pundits try to make sense of this creature. Like Atlas, he holds the world on his shoulders. Will he be doomed like the Titan God or smash us all before he is done?
US President Donald Trump has called Benjamin Netanyahu “a war hero” as the Israeli prime minister faces a global backlash over the Gaza humanitarian crisis and the Jewish state’s continued military campaign in the Palestinian enclave.
In an interview with conservative commentator Mark Levin on Tuesday, Trump called Netanyahu “a good man”who he said is “there fighting.”
Putin's wins keep piling up as Trump's Alaska Summit reveals the extent of Ukraine's defeat at the hands of Russia says geopolitical analyst Pepe Escobar. This video breaks down the significance of the summit sending shockwaves across the world as the Ukraine war winds down.
Pepe Escobar: Putin’s Peace BOMBSHELL Breaks Trump, Ukraine’s Defeat Now Inevitable
RBA interest rates have so far delivered roughly $500 per month in relief to the average mortgage. This is great, but it is not going to move the consumer needle. Why? Two words for you. Gas cartel. The average household pays $3,000 in utility bills, and they are about to rise by about 40%. That’s
The post Why the Aussie consumer is still stuffed appeared first on MacroBusiness.
Asian share markets are mainly down across the board as risk sentiment continues to shift further into negative space as we all await the Jackson Hole conference on Friday with Fed Chair Powell expected to make some comments regarding the actual trajectory of the US economy before he likely gets fired. The RBNZ cut rates
The post Macro Afternoon appeared first on MacroBusiness.
I want to share with you an email I received today from someone who fancies their self as an astute analyst. This person falls far short of astute in my opinion, but the thinking revealed in the email does reflect the views held by many Americans with respect to what happened today in Washington when Trump met with Zelensky and his European pimps.
The Australian recently published Jobs and Skills Australia (JSA) data showing that there is an abundance of applicants per job. This suggested that concerns surrounding labour shortages are overblown. At the aggregate economy level, there were 29.3 applications per vacancy, 9.4 qualified applicants per vacancy and 4 suitable applicants per vacancy: As illustrated below by Justin
