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: 6 March 2025 appeared first on MacroBusiness.
By Stephen Saunders At times, Canberra is another world. From its Press Gallery comes this Financial Review bedtime-story of “best performer” Jim Chalmers with his “disdain for” inequality. The 28 February AFR gushes for the “smartest person” in the room and his enthralling (who among average Australians even cares?) insider skirmishes with the Reserve Bank.
The most recidivist liar in the parliament is Treasurer Jim “chicken” Chalmers. Treasurer Jim Chalmers says the Australian economy has turned a corner after the strongest GDP growth figures since the pandemic, but economists say any recovery will be shallow as long as productivity remains stuck at 2016 levels and business investment stays tepid. The
Credit Agricole lists the top ten priorities of the new yawnulus package. The ten major government work tasks for the year: Boost consumption and stimulate domestic demand by increasing household income and boosting consumption in the cultural, tourism & sports sectors. China will continue to support consumer goods trade-in programmes as well as investment in
There has been a common story all over Australian politics of the major parties losing ground.
The iron ore jaws remain wide. The news from the NPC is steel output cuts. The world’s largest steelmaker and consumer will “promote restructuring of the steel industry through output reduction”, according to an official report on Wednesday. “We will introduce policies and measures for resolving structural problems in key industries and end the phenomenon
The post Steel output cut appeared first on MacroBusiness.
The latest net permanent and long-term arrivals data from the Australian Bureau of Statistics (ABS) showed that 446,504 net migrants arrived in 2024, slightly less than the record 449,813 that arrived in 2023. While net arrivals declined since March 2024 compared to 2023, each month in 2024 was higher than in the corresponding month in