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Articles from MacroBusiness

Macro Morning

August 13, 2024 - 09:00 -- Admin

The drums of war are keeping all risk markets in check as Wall Street failed to continue its bounceback overnight with mixed returns as European shares also rocked back and forth without any upside. Currency markets are still somewhat sanguine due to the lack of economic releases while bond markets are getting jittery again on

Australia has no manufacturing future without affordable energy

August 13, 2024 - 08:00 -- Admin

Prime Minister Anthony Albanese’ $23 billion Future Made in Australia (FMIA) subsidies for lower-emission manufacturing appear to have found an ally in Professor Roy Green from the University of Technology of Sydney. Professor Green claims that FMIA is a way to inject more complexity and resilience into the Australian economy: Professor Green said the main

Aussie house prices projected to fall

August 13, 2024 - 07:00 -- Admin

CoreLogic’s daily dwelling values index shows that Melbourne and Sydney home values continue to slow, with Melbourne declining by 0.4% over the past 28 days and Sydney rising by a relatively sedate 0.2%: The decline in dwelling value growth has been mirrored by the auction market, which has seen clearance rates for Melbourne and Sydney

“Brutal” recession triggers retail collapse

August 13, 2024 - 00:10 -- Admin

These are dark times for Australian retail. Retail sales volumes have plunged amid rising mortgage rates and cost-of-living concerns, with discretionary retailers impacted especially hard. The annual change in retail sales has been negative for five straight quarters. Aside from the pandemic, only four other quarters have experienced negative annual growth since the 1980s. Retail

Macro Afternoon

August 12, 2024 - 17:00 -- Admin

Asian share markets are having some mildly positive sessions to start a new hopefully quieter trading week as other risk markets also reduced in volatility across the complex due to an absence of economic releases and macro events. Yen is steady due to a market holiday while the Australian dollar is steady but remains unable

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