Oxfam Australia Media Release Oxfam, together with 19 other aid organisations, is deeply concerned and outraged that some of the largest donors have suspended funding for the United Nations Relief and Works Agency (UNRWA), the main aid provider for millions of Palestinians in Gaza and the region. The aid cuts come amid a rapidly worsening…
For a profession based on sales commissions, Australian real estate agents are experiencing their own version of the Hunger Games. The following chart from Justin Fabo of Antipodean Macro shows that for-sale listings, as monitored by SQM Research, are almost 30% lower than a decade ago: Separate CoreLogic data also shows that overall for-sale listings
Bonds are back this morning as the US Treasury delivers good news on supply: As a reminder, in our preview last night we showed that Deutsche Bank – which was indicative of the overall street – was expecting $797BN in Q1 borrowing, followed by $472BN in total Q2 borrowings. In the end, both numbers ended
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Domain released its House Price Report for the December quarter, which showed that Sydney’s median house price hit a record $1,595,310 at the end of 2023. Independent economist Tarric Brooker posted analysis on Twitter (X) showing what proportion of a mortgage on a median-priced Sydney house someone earning $200,000 could afford, adjusted for inflation: “In
Most of you have probably heard of the famous thought experiment proposed by Schrödinger where there’s a cat in a box and a vial of poison. If the poison has escaped then the cat is dead, but if the vial is still intact then the cat is alive. Consequently, the cat can be thought of…
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Something has gone wrong at Deloitte Access Economics. Although they can’t quite bring themselves to say it out loud, they are now in full agreement with MB, that the immigration-led economy is now disaster for Australians. “Meanwhile, the outlook for the Australian economy remains soft. When data for the December quarter of 2023 is released
By Gareth Aird, head of Australian economics at CBA. Key points: Personal income tax cuts worth 0.8% of GDP will kick in from 1 July 2024. The Government will change the distribution of the previously legislated Stage 3 tax cuts, but the size of the expected tax cut in 2024/25 is little changed. Income tax
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On the back of last week’s strong domestic out of the US, overnight saw some rate cut discussion from ECB officials which gave risk sentiment another boost as Wall Street rallied while European shares will play catchup if futures are to believed for tonight’s session. The USD slid back a little with the Australian dollar
The post Macro Morning appeared first on MacroBusiness.
More good news for the bull market today as bond volatility eases. The Market Ear has more. Et tu MOVE Bond volatility has imploded lately. Chart 1 shows the most recent price action. Chart 2 is the longer term view showing just how elevated MOVE still remains. MOVE is the last global cross asset volatility
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The International Court of Justice has responded rather toothlessly to South Africa’s appeal to the Genocide Convention. In less than a month, a similar result can be expected when Britain’s Royal Courts of Justice hear for Julian Assange’s last appeal against extradition to the United States.
DXY appears stuck in a firm range. I’m not sure we’ll see a downside break even with Fed easing: AUD is printing bearish candles daily. At a bottom we would expect the opposite: North Asian FX is going nowhere: Oil reversed risk: Dirt yawn: Same for miners: And EM despite the China stick save: Junk
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There are currently 880,000 people serving in Ukraine’s armed forces, according to President Vladimir Zelensky, who insisted that Kiev wants to mobilize even more troops, primarily males who left the country after the start of the conflict with Russia.