The German chancellery insists the ruling coalition is united in its stance on Israel's actions in Gaza, despite differing views. A split appeared after Germany refused to add its name to a 28-country declaration.
German Chancellery Minister Thorsten Frei on Wednesday dismissed concerns of a rift within Germany's coalition government over its position on Israel.
Asian share markets like other equities are doing the FOMO trade as it looks apparent that everyone is going to get a new baseline 10-15% tariff rate from the Trump regime with news that the EU is likely to be next, enshrining higher prices for US consumers for almost everything they buy. Wall Street doesn’t
The post Macro Afternoon appeared first on MacroBusiness.
The federal government’s proposal to tax the unrealised capital gains of superannuation funds was a key focus of the first question time session in the new parliament. Treasurer Jim Chalmers criticised the Coalition for attacking a policy that he claims would affect about 0.5% of people with a superannuation account, noting that it had opposed
Six weeks ago, legendary financial and geopolitical cycle analyst Martin Armstrong was signaling a big turn toward war. Now, Armstrong says, “The chances of war with a nuclear exchange is at 100%. . .. Plan on it, this is coming.”
A new FY brings new hope. S&P with the note. Flash Australia Composite PMI Output Index: 53.6 Index, sa, >50 = growth m/m % qr/qr (Jun: 51.6) Flash Australia Services PMI Business Activity Index: 53.8 (Jun: 51.8) Flash Australia Manufacturing PMI: 51.6 (Jun: 50.6) Flash Australia Manufacturing PMI Output Index: 52.3 (Jun: 49.9) “July’s S&P
The post Aussie flash PMI firms appeared first on MacroBusiness.
Last week, Jobs and Skills Australia (JSA) released data showing that employers are having a far easier time finding workers to fill roles. As illustrated below by Justin Fabo from Antipodean Macro, the overall share of employees finding it difficult to find workers has almost returned to pre-pandemic levels. While higher-skilled workers remain harder to find,
Thank god for the liar from the Shire. AFR. Two US congressmen leading a committee looking at Chinese expansion in the Indo-Pacific have thrown their support behind the AUKUS nuclear-powered submarine pact, just a day before a hearing in which former prime minister Scott Morrison will testify. “AUKUS has received strong bipartisan support from Congress
The entire TikTok book thing has passed me by. As a 60-year-old white male, I am officially banned from TikTok. So I've only ever experienced it at a distance. But I hear it's very important for selling books these days.
