The panic is on. “Economists” are backflipping on interest rates. Hoocoodanode? The poll found 29 out of 40 economists forecast the cash rate to fall by a quarter of a percentage point to 3.85 per cent in May. ANZ, Barrenjoey, and HSBC brought forward their timing after the US president unveiled aggressive tariffs on trading
Blood in the streets. The Market Ear. $5 trillion gone The S&P 500 saw its worst two-day plunge since March 2020 in a sellof that slashed over $5 trillion in value. Source: Econovis 2nd worst ever The Nasdaq Composite is now down 19% year-to-date for its 2nd worst start to a year (through 64 trading
The bath of blood on risk markets continues to spill over with Wall Street falling 6% across the board on Friday night with more carnage expected here on the open of the new trading week in Asia. The latest US jobs figures came in better than expected but were roundly ignored as everything but the
The Federal Chamber of Automotive Industries (FCAI) released new car sales data for March, which revealed that 108,606 new cars were delivered during the month, and a total of 1,206,558 were delivered over the year. Annual new car sales declined by 0.9% over the year, with the market continuing to trend downward since peaking in
A Dutton-led Coalition government would ‘slash’ international student numbers by around 25% if elected. Speaking in the outer suburbs of Melbourne on Sunday morning, Peter Dutton said that the international student intakes at universities and VET would be cut by 80,000 under the Coalition, which he said would free up housing and ease the rental
The Trump administration’s “Liberation Day” retaliatory tariffs have slapped tariffs of 10% to 48% on US trading partners. The tariffs are expected to drive the US’ effective tariff rate to its highest level in more than a century. Global stock markets fell sharply following the announcement of tariffs on Wednesday, US time. The US markets
The Australian dollar is falling out of favour again. Goldman. We are making a major shift in our Dollar view for the year ahead: we now see Dollar weakness of the first quarter persisting and deepening further. The reciprocal tariff announcement itself was close to our economists’ expectations in terms of aggregate tariff rate. If
Merchant.adventurers.of.london · DeepTGman April5 In this podcast discussion Deep T goes over the impacts and implications of the new tariff regime US President Trump unveiled during the week and how the Australian economy is likely to experience that. The discussion looks at the the near absence of meaningful economic policy discussion during an Australian
On Thursday, Australian time, the Trump Administration announced its “Liberation Day” retaliatory tariffs, which impose tariffs of between 10% and 48% on trading partners. The announcement of the tariffs led to heavy falls on global stock markets. US markets suffered heavy losses, with the S&P 500 losing $5 trillion in value in two days. This
DXY is suddenly a safe haven once more. To describe the 4.57% destruction of the AUD in one day as a lesson in arrogance doesn’t quite say it. Lead boots may be about to become a screaming meteorite of death. Oil is going to hell. When gold sells like this, you know the margin calls