Asian share markets are reeling again as King Trump goes full swagger with his tariff threats, shooting the US consumer in both feet with confirmed tariffs on Canada, Mexico and China. The retaliations have been swift, so we’re off to a trade war! This has seen confidence evaporate in the USD just as we ramp
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Wages should be firm according to the latest Indeed job ad index. ANZ-Indeed Australian Job Ads declined 1.4% m/m in February, but this follows an upwardly revised 1.3% m/m rise in January. In trend terms, the series was down 0.3% m/m. ANZ-Indeed Australian Job Ads is down 9.2% annually. The series is just 0.9% higher
Last month’s interest rate cut from the Reserve Bank of Australia (RBA) was about as hawkish as possible. The RBA’s statement explicitly noted that the decision to cut the official cash rate by 0.25% was ‘line-ball’ with upside risks to inflation remaining: “However, upside risks remain. Some recent labour market data have been unexpectedly strong,
Why wouldn’t they be, living through a depression that cannot be named? Goldman. Slightly more sanguine on China macro and market outlooks, but more concerned on the US growth outlook Thanks to the latest DeepSeek and Artificial Intelligence (AI) related developments, some green shoots in the property sector (e.g., home sales and prices in large
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The latest quarterly retail sales data from the Australian Bureau of Statistics (ABS) revealed that real per capita sales increased by 0.4% in Q4 2024, the highest growth rate since Q1 2022. January’s retail sales data have been released, which rose by 0.3% over the month, in line with economists’ expectations. Over the year, retail
