Asian share markets are flat or slightly down across the board in another very quiet session as macro news remains dominated by the farcical White House talks between Europe, Ukraine and the Trump regime. The moves to watch this week will be the Jackson Hole conference on Friday with Fed Chair Powell expected to make
The post Macro Afternoon appeared first on MacroBusiness.
New Zealand’s economy continues to face severe challenges. As illustrated below by Justin Fabo from Antipodean Macro, the Reserve Bank of New Zealand’s GDP growth nowcast is pointing to a 0.2% decline in real GDP in Q2 2025. New Zealand’s labour market is also in dire straits, with unemployment and underutilisation rates soaring to near-decade
I have been posting stuff on the Blotreport for over eight years now, and I receive an enormous amount of spam, sometimes up to 60 a day, which my wonderful spam filter invariably catches. When I started back in early 2017, a fair proportion of the spam was porn, both gay and straight. That eventually faded away and was replaced, strangely, by several other themes, including a spate of “buy a house in Bali” spam. That was fairly short-lived, and was replaced even more bizarrely by “get a diploma in Moscow, which faded fairly recently, although the occasional one still crops up.
At the end of 2024, CoreLogic (now Cotality) reported that the national dwelling value to income ratio and the percentage of income required to service a new mortgage were tracking at a record high. Cotality’s July housing report showed that the median dwelling value across Australia’s capital cities was $926,854 at the end of July.
DXY is refusing to go away. AUD is looking shaky. CNY stable. Gold and oil becalmed. Metals are troubled. Mining bear is back. EM stocks are filling the upside breakout. Junk fine. Yields firming a little. Stocks stuck. Morgan Stanley has a take I agree with. The good news was tariff price pressures were muted
The post Fed hawks to savage Australian dollar appeared first on MacroBusiness.
South Australia is held up as the nation’s renewable energy leader with the highest penetration of wind and solar generation in the nation. South Australia shut down its last coal-fired power plant in 2016 and now generates more than 70% of its electricity from renewable sources, mainly wind and solar. However, the shutting down of
Wetspac with the note. Westpac Consumer Sentiment Index up 5.7% to 98.5 in August. • RBA’s third rate cut for the year provides a clear boost. • Long period of pessimism finally coming to an end. • Consumers less anxious about finances, cautiously positive on economy. • Sentiment lift broad-based, not just confined to those
The post Rate cut sends house price hopes berserk appeared first on MacroBusiness.
Amidst the release of the Reserve Bank’s August Statement on Monetary Policy and the Albanese government’s upcoming roundtable summit, the issue of productivity growth has become a source of great debate and some controversy. On Twitter (also known as X), Nationals Senator Matt Canavan posted a chart from the Australian Financial Review showing productivity growth
Ukrainian leader Vladimir Zelensky hailed Monday’s negotiations with US President Donald Trump as the best meeting they have ever had.
