Last night saw the Bank of England and Swiss Central Bank meetings, the latter cutting while the former is looking to ease soon as concerns over the Trump Trade War continue to mount across the financial complex. Wall Street pulled back slightly while European stocks had a broader selloff albeit still near their recent highs.
Thursday’s labour market release from the Australian Bureau of Statistics (ABS) was superficially good, with the headline unemployment rate remaining at a low 4.1% in February (4.05% in unrounded terms). This meant that Australia’s headline unemployment rate remained slightly below the Reserve Bank of Australia’s (RBA) projections. That was where the good news ended, however,
China (31.5% of total), the United States (13.0% of total) and India (8.1% of total) are the world’s three largest carbon emitters. In 2023, these three nations accounted for more than half (52.6%) of the world’s carbon emissions. As illustrated above, China and India are rapidly growing their emissions while the developed world is cutting
As we know, Australian industry has been dying for decades. So much so that we leading the OCED into industrial oblivion. Now, the death of Australian industry is at hand. Bloomberg. Near the Indonesian city of Surakarta, a one-time royal capital on the island of Java that’s long been known for producing elaborate fabrics, dozens
A very mixed session across Asian stock markets despite a rebound on Wall Street overnight with steady Chinese interest rates not lifting stocks in the Middle Kingdom as expected while local stocks ending up higher on the latest unemployment numberwang print. The USD is trying to fight back as it remains weak against Euro and
The Reserve Bank of New Zealand has cut the official cash rate by 1.75% to 3.75% over the past six months. New Zealand’s gross domestic product (GDP) rose 0.7% in the Q4 2024 quarter, following a 1.1% decrease in the Q3 2024 quarter, according to figures released by Stats NZ on Tuesday. The result was
ABS Labour Force today was OK at the headline level but sucked underneath. In seasonally adjusted terms, in February 2025: unemployment rate remained at 4.1%. participation rate decreased to 66.8%. employment decreased to 14,513,200. employment to population ratio decreased to 64.1%. underemployment rate decreased to 5.9%. monthly hours worked decreased to 1,973 million. full-time employment
Deloitte Access Economics has forecast that the federal budget will spend $99 billion off-budget over the next four years, with off-budget spending referring to when governments label spending as an investment rather than an expense. Deloitte Access Economics’ prediction represents a $10 billion increase on the December Mid-Year Economic and Fiscal Outlook (MYEFO), due to
A nice piece here from Deutsche Bank on the EUR. Now that the historic German fiscal shift has been voted through, the market focus will move to the April 2nd tariff announcement from the US. How do we think about the impact in the context of our bullish EUR/USD view? As we wrote last month
Last week, NSW Treasurer Daniel Mookhey pushed back against caps on international students, claiming such students are “economic assets to be treasured, not as a problem to be capped”. Mookhey’s comments came as his state grapples with an unprecedented rental crisis. Sydney’s rents have exploded since the international border was reopened in late 2021, which