From the ABS just now. Aussie inflation is collapsing, with quarterly and annual undershooting consensus by 0.2%. Trimmed mean undershot by 0.a% The tank: Goods and services: Domestic demand is screwed: Supermarkets on the run: Rent is stopping out, utility bill cuts are coming, and more tradable disinflation is in the pipeline. The RBA is
Is a conscience lobotomy the price of entry into politics? Minister for Nothing, Dr Andrew Leigh, has been banging on about competition for years, yet what progress has he made? ADAM SHIRLEY, HOST: The skies well, clear as a bell. A good day for take-off and landing, but you’ll pay the price. As we know,
The Australian Energy Market (AER) regulator is barreling towards its default market pricing announcement in a month or so. Today it has raised hopes that the new benchmark will constitute a cut in price: The Australian Energy Regulator’s (AER) latest Wholesale Markets Quarterly Report reveals that average annual wholesale electricity prices in the National Electricity Market (NEM)
Good luck saving the planet with this carbon monster devouring the future. Goldman: With most new taxis in Beijing now EVs, and the share of NEVs in China car retail sales surging to 40%, the speed of China’s r(EV)olution is top of mind, and forms a striking contrast with headlines about EV excess inventory and
The notion that international education is an “export” has been completely demolished this week with both industry players, commentators, and the government admitting that international education is really just a conduit for immigration (i.e. people imports). On Monday, The Australian featured International Education Association of Australia CEO Phil Honeywood, who admitted that “the primary focus”
Overnight risk markets were again contained due to some further strong US economic data which saw bond markets selloff while the USD remained sanguine. Wall Street took back its start of week gains and while European markets had solid sessions, futures are indicating a gap lower for most Asian markets today. The Australian dollar remains
Usually, stock market saves run for a few weeks at least. China’s is already out of gas. The Market Ear has more. Just local problems? The China bear is seen as a local problem still. We saw a similar type of reasoning during the 1997 Asian crisis, but local issues went global. Don’t forget that
I have said previously that you should never trust the Grattan Institute on immigration or housing. Why? Because Grattan’s immigration “research” is funded by the pro-Big Australia Scanlon Foundation, which was founded by real estate entrepreneur and rich lister Peter Scanlon: As John Masanauskas of the Herald-Sun explained in 2009 (link no longer active): MAJOR
The Market Ear with more internals. Rates and tech Rates and tech have moved in almost perfect tandem since last summer. Lately, NASDAQ decided decoupling, and has moved higher, despite the fact rates rose from Dec lows. What happens if rates start moving lower again? Refinitiv Spot up, volatility up We have seen SPX and
DXY is going sideways: AUD got a little bid: But won’t go far without North Asia: Any higher for oil and there’ll be trouble: Metals have warmed a bit: Not so miners: Nor EM: But marginal debt is back leading the rally. Bullish! As yields fall: Stocks paused: US JOLTS did not cheer the market: