AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 14 May 2025 appeared first on MacroBusiness.
Via Roy Morgan. In April 2025, Australian ‘real’ unemployment increased 176,000 to 1,780,000 (up 1% to 11.2% of the workforce) with more people joining the workforce and overall employment dropping in April. The expansion in the workforce was the main driver of the increase in unemployment with 156,000 people joining the workforce lifting the number
A few weeks back, amid the turmoil of the Trump Administration’s “Liberation Day” tariffs, the futures market was pricing five more rate cuts this year. Earlier this week, the US and China agreed to massively reduce tariffs for 90 days while they negotiate a longer-term deal. US tariffs will be lowered to 30% (from 145%)
The post Markets cool on RBA rate cuts appeared first on MacroBusiness.
In 2022 I wrote a blog post where I explained the phenomenon of the AEC needing to do more distribution of preferences before declaring election results, and thus needing longer to complete this process. We now have updated information for 2025, and can see that this process has become even more complex this year. When you look at how this has changed over two decades, it is a remarkable transformation.
When the deeply conflicted Saul Kavonic is the go-to guy for media energy analysis, no country could survive. His analysis here includes: ALP broke the gas market by intervening in 2022. LNP lost the election owing to gas reservation policies. We need a pro-business and pro-market approach to energy. Not all of this is horseshit.
A bit of a wallflower, though, and not much joy for steel. The latest CISA output has faded to bang on year-ago levels. The growth upgrades have begun. Goldman. We had assumed that the US-China trade talks in Geneva would reduce tariff rates on Chinese products from >100% to 50-60%. The joint announcement released on
The post Iron ore joins the party appeared first on MacroBusiness.
