A meeting of Ukraine’s western European backers, known as the ‘coalition of the willing’, at the Elysee Palace in Paris on Thursday has brought together European Commission President Ursula von der Leyen, Vladimir Zelensky, and the leaders of Belgium, Poland, Finland and France.
The Australian Bureau of Statistics (ABS) on Wednesday released the national accounts for Q2 2025, which revealed stronger-than-expected growth. Analysts had tipped a 0.4% rise in headline GDP, and the RBA had forecast 0.5% growth. However, a 0.6% rise was recorded, led by household spending. Household spending per capita rose by 0.5% in Q2, the
Asian share markets were quite mixed with local stocks regaining some of their losses on interest rate speculation that the Fed is likely going to pull a put if tomorrow night’s NFP comes in bad as expected. Meanwhile bond markets are trying to recover with many long dated yields across the UK, Japan and USA
The post Macro Afternoon appeared first on MacroBusiness.
Regulator says major gentailer inflated wholesale electricity prices by $66 million over nine months
Friday’s NFP is a massive release for markets. BofA offers its preview. August payrolls:re-acceleration? We expect Aug payrolls to rise by 90k (consensus:75k, Jul: 73k). Although initial claims increased during the survey week, the four-week average remained at modest levels and not far from the July average (Exhibit 2). Also, continuing claims declined during the
The post US jobs to rebound? appeared first on MacroBusiness.
Last week, my local WhatsApp group exploded with footage of an attempted daylight carjacking a few hundred metres from my home in Ashburton. The footage made national news. It was the third type of event close to my home in the past month, the others being one successful and one attempted home invasion and car theft.
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Australia is starting to resemble 1984’s Ministry of Truth. First, the Albanese government performed a policy-180 and announced that Australians under the age of 16 would be banned from viewing YouTube. Prime Minister Anthony Albanese also wants to expand Australia’s draconian media restrictions globally. Albanese indicated that he will advocate Australia’s world-first social media age
We should not be surprised. It was obvious in 2021/22 that Labor had no compass for Australian strategic policy in the national interest. Not to mention the longer-term campaign by greybeards of the party to sell us to Beijing. Back then, when China unleashed its trade coercion attack, Labor could not wait to blame Australia
I'm still deep in the seventh level of proofreading hell on WW 3.2, doing my last pass while I wait for Chris Pepper to send me his nitpicks.
I just spent a couple of minutes staring at this passage of text, trying to figure out what was wrong with it.