In an address to the National Press Club, BlueScope CEO Mark Vassella warned that Australia risks following the United Kingdom’s industrial decline if the federal government fails to fix the gas market. Vassella and other industry leaders say that without cheaper gas, the federal government’s Future Made in Australia policy is doomed, and Australia will
Wall Street was sent significantly lower on Friday night as the Trump regime was played again by the Chinese in the ongoing trade war, with another TACO trade brewing. After glowing up all week the NASDAQ fell back nearly 4% while the USD fell back against nearly everything and US Treasury yields retreated alongside oil
The Trump Always Chickens Out (TACO) trade is on this morning after some mollifying words overnight. President Donald Trump’s administration signaled openness Sunday to a deal with China to quell fresh trade tensions while also warning that recent export controls announced by Beijing were a major barrier to talks. Vice President JD Vance called on
According to analysis from the Parliamentary Budget Office (PBO), the federal budget could face a $58 billion revenue decline if average productivity growth remains at 0.5% over the next four years. This forecast is deemed credible by economists amid criticism of Treasurer Jim Chalmers’ higher estimate of 1.2%. Australia’s productivity growth has averaged only 0.1%
By Harry Ottley, Economist at CBA It was an exceptionally quiet week in Australia with a drop in consumer sentiment the only data of note. RBA Governor Bullock appeared before the Senate Economics Legislation Committee but kept communication very much in line with recent statements. Offshore, the US government shutdown continued, delaying key economic releases
The news of the week that Deloitte had somehow managed to get AI to invent references in a report, for which they harvested 400 thousand dollars, should be a warning for all of us. What it means—Field Exercise So, for this weekend, the Macrobusiness cognoscenti has a field exercise that everyone is to complete. For
Well, that escalated quickly. DXY fell. But AUD crashed. Gold held, oil was murdered. AI metals were deleted. The big bear is back. EM ouch. Led by junk is bearish. Despite a weak DXY , the full bond curve was bid. This will be critical as tariffs return. The stock bubble just burst. It’s not
International Reading: ‘We are on the precipice of an incredibly contracting workforce,’ says jobs expert – CNBC White House announces radical new plan to allocate tariff revenue without Congress – MSNBC Bank of England Warns of Impending AI Disaster – Futurism Soybean farmer says $10B bailout is a ‘band-aid on an open wound’ – Yahoo
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Vids .…..they should be banned from government contracts for a year…..
The post Macro Afternoon: 10 October 2025 appeared first on MacroBusiness.
Recall that Australian Prime Minister Anthony Albanese delivered a speech late last month to the UK Labour Party conference, whereby he vowed to “defend democracy itself” alongside “my mate”, British Prime Minister Sir Keir Starmer. Albanese said he shared a “determination” with the UK leader and an “absolute resolve to stand together and defend democracy