At the beginning of the year, the incumbent Canadian Liberal Party were facing a wipeout at this year’s general election. Polling conducted in early January suggested that the Liberal Party could win as few as 21 seats in the 338-seat parliament at this year’s election. How things have changed. The Liberal Party changed its leader,
The ferrous jaws are back. The steel restock is done and is very depressed. Iron ore port stocks have dumped on the difficult cyclone season in Australia. Steel order books are subdued. Goldman. The forward order books of most steel mills were slightly up MoM in March, inline with seasonality. Demand from auto, appliance and
Senator David Pocock on the gas cartel. Gas producers want to open more gas fields, saying that increased supply will bring down costs. But recent history shows otherwise: gas production on the east coast has doubled during the past decade, yet prices have tripled. This is despite Institute for Energy Economics and Financial Analysis data
Developer lobbyists, the Urban Development Institute of Australia (UDIA), and building materials supplier Brickworks have rubbished the Albanese government’s target of building 1.2 million homes over five years. The UDIA forecast that housing construction will fall 393,000 dwellings short of the target for the combined capital cities alone by 2029, amid high construction costs and
The Market Ear is all over it. That’s new SPX taking out the negative trend line that has been in place since markets started the correction. A close here or higher and things can start to squeeze more seriously. Note just how far the 50 day is trading… Source: Refinitiv Et tu NASDAQ NASDAQ breaking
The Grattan Institute has published a fact sheet on earnings across Australia: According to Grattan, “the typical full-time Australian worker actually earns $90,416, and the typical Australian worker (including part-time workers) earns just $67,786”. Separate data from the Australian Bureau of Statistics revealed that the median Australian working in their main job earned $72,592 in the year to
DXY is up. EUR has flamed out. AUD follows EUR. Lead boots going nowhere. Oil is back. CTAs next. The opposite for copper. Sell before Goldman does. Big mining, big bear market. EM yawn. Junk purgatory. No flush here. Yields up. Stocks up. Trump’s sweeping tariffs are suddenly less so. President Donald Trump’s coming wave
Overnight saw the still quite hesitant risk complex jump for joy as the Mango Mussolini decided to perhaps, maybe pull back his upcoming April 2nd tariff threats a smidge which gave Wall Street the excuse to bid everything higher as the Trump Dump and Pump scheme continued. European stocks were caught flatflooted however while the
Last week, the lies and propaganda promoting the unprecedented increase in international students peaked. Not only did we see researchers from the University of South Australia argue that there is no link between the record surge in international students and the cost of rent, but we also saw the CEO of the elite Group of
According to CoreLogic’s most recent monthly house price report, Melbourne was the cheapest major capital city property market, with a median price of $772,561 as of February 28, 2025. Melbourne’s relative affordability comes after a value gain of only 8.2% over the last five years, compared to a 38.9% increase nationally. The following chart, derived