Westpac with the note. Westpac Consumer Sentiment Index up 2.2% to 92.1 in May. • Index recovers about a third of April’s tariff-related fall. • Solid rebound in views on finances led by sharemarket rally, lower fuel prices. • Benign inflation shores up consumer expectations for interest rate cuts. Consumer sentiment has recovered just over
Goldman with the note. On Friday 5/9, we hosted a virtual group meeting with the authors of the Logistics Managers Index, Dale and Zac Rogers, who are observing a situation where inventories have built up (as per their surveys of large logistics’ managers) ahead of tariffs and amid the ongoing 90-day pause on reciprocal tariffs;
Last month, Ben Phillips from ANU’s Centre for Social Research published a spurious analysis claiming that “lower migration wont ‘free up housing'”, because “as population increases dwelling numbers also increase”, and “with fewer migrants we’d also have fewer dwellings”. Phillips’ analysis was comprehensively demolished on the grounds that: Very few migrants work in construction. Therefore, migrants
The Market Ear on the chaos of the child president. Break away SPX is crushing the short term resistance around 5700 (futures), trading well above the 200 day for the first time since March. 5900 is the first resistance to watch. A close above that area and people will be starting to mention ATHs… Source:
Alan Kohler published a stinging critique of the Australian economy, which he described as a “basket case”: Productivity is declining and housing is unaffordable. Economic growth depends entirely on government spending and immigration, and high immigration has not been matched with enough infrastructure and housing to support it; as a result, Australia is divided, defensive,
DXY is back as the child president spews his slop in a hard reverse. AUD has switched from safe haven to growth proxy, Lead boots to the moon! That is the ugliest double top on gold I can remember. Metals vote for growth over tariffs. Miners maybe. EM nears breakout. Grow my junk! Yield pause.
Melbourne’s population has expanded by around 2 million people this century. Melbourne’s population is projected to grow by another 3.5 million during the next 31 years, reaching 9.0 million by 2056. This implies that Melbourne will add 5.5 million people in just 56 years. All Melburnians have felt the negative consequences of this population explosion.
The most recent Household Income and Labour Dynamics in Australia (HILDA) survey from the University of Melbourne and the Melbourne Institute revealed a growing wealth discrepancy across the country. As illustrated below, older Australians’ wealth has increased the most over the past two decades. Australians aged 75 and over saw the greatest percentage rise in
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225 Easy Listening
The post Macro Afternoon: 12 May 2025 appeared first on MacroBusiness.
Global oil prices fell to around $US60 per barrel last week after peaking above $US80 earlier this year and holding above $US70 just before “Liberation Day”. The oil price was down by around 25% from the previous year and was half the towering peaks achieved in early 2022. The downturn reflects fears about the global