Last night saw a maelstrom of geopolitical events – read: war – hit risk markets from all sides with USD bid strongly on the safe haven while stocks pulled back and commodities lifted, particularly oil. Wall Street suffered the most as tech stocks sold off while the new quarter did impact bond markets somewhat with
The post Macro Morning appeared first on MacroBusiness.
DXY is back as the safe haven as bombs fall in the Levant: An overbought AUD retraced: Oil and gold to the moon! Dragging up metals: Miners have held the gains: EM faded: Junk pulled back: Haven bonds were bid despite oil telling you inflation is cooked: Stocks fell: Much ado about nothing is the
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The Albanese government’s target of building 1.2 million homes over five years depends on constructing large volumes of high-rise apartments in established suburbs. On Tuesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data for August, which showed that apartment approvals have collapsed, scuttling the government’s target. In trend terms, only 14,300 dwelling approvals
NATO’s newly appointed Secretary General, former Dutch Prime Minister Mark Rutte has backed the idea of allowing Ukraine to use Western-supplied weapons to strike deep into Russian territory.
The global standing of the US has been called into question by the Ukraine conflict, the country’s Assistant Secretary of Defense for International Security Affairs Celeste Wallander admitted on Tuesday. The senior official tried to allay concerns regarding the future of Washington’s security cooperation with its Western European allies when it comes to dealing with Russia.
This week, reports emerged claiming that the Coalition is considering stripping the Australian Prudential Regulatory Authority (APRA) of some of its powers to regulate mortgage borrowing and overhauling credit laws to make it easier for first home buyers to borrow for housing. The move comes as the Coalition’s Andrew Bragg is chairing a Senate inquiry into
A trailblazing Indigenous genomics expert, a carbon emissions modeller, a naval defence engineer, a world farming authority, a shark tracker, a brain cancer therapist and a global artificial intelligence leader are among 32 innovators elected as Fellows of the Australian Academy of Technological Sciences and Engineering (ATSE). ATSE’s 2024 new Fellows showcase the breadth and…
“Pregnant women will give birth to terrorists; the children when they grow up will be terrorists.” (Phalangist involved in the Sabra and Shantila massacre, when questioned by an Israeli tank crew, West Beirut. 17 September 1982. Robert Fisk; Pity the Nation, p359). “We know, it’s not to our liking, and don’t interfere.” (Message from and…
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Oxfam Australia Media Release Israeli explosive weapons hit civilian infrastructure in Gaza – including schools, hospitals and aid distribution points – once every three hours. More women and children have been killed in Gaza by the Israeli military over the past year than the equivalent period of any other conflict over the past two decades,…
With Chinese stocks closed for the week there weren’t many catalysts in the region today with local stocks slumping in the wake of poorer than expected retail sales while risk markets overall reacted to the Israeli invasion of Lebanon. The USD remained somewhat strong from its overnight little surge but the Australian dollar is holding
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By Jane Salmon Long-term refugees and asylum seekers at the 24/7 vigils for permanent visas around the nation have received injuries, bashings, threats, flag and sign theft at the hands of neo Nazis, nationalists and hate-filled Anglo citizens. Red-neck Aussie bogans can be terrorists, too. The Dandenong vigil outside the office of Julian Hill…
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