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Iron ore becalmed before the storm

October 16, 2025 - 09:30 -- Admin

The ferrous complex continues to bifurcate, with steel getting flushed while iron ore enjoys the good times. CISA data for early October rebounded after the Hebei shutdown, but inventories soared 8%. Mills are still overproducing. Goldman explains it. …change in demand patterns, driven by the need for blast furnaces to reduce steel costs, has led

MB Fund Podcast: ASX – High Prices, Low AI Exposure

October 16, 2025 - 09:00 -- Admin

In this week’s podcast, Nucleus Wealth’s Chief Investment Officer, Damien Klassen, examines why Australia’s stock market looks expensive compared to global peers—and whether the nation’s limited exposure to high-growth tech and AI could see it left behind once again. Join us for the podcast at 12.30 pm AEDST. Can’t make it to the live series? Catch

Macro Morning

October 16, 2025 - 09:00 -- Admin

Trade war tensions are keeping most risk markets contained but not in selling mode as Wall Street lifted again despite sentiment around the US economy as the latest Biege Book from the Fed was released overnight. The USD continues to decline as Fed members are still broadcasting a softer economy, particularly labour markets as ICE

Unemployment going higher unless interest rates go lower

October 15, 2025 - 13:30 -- Admin

The NAB survey out yesterday was not very encouraging. The pent-up demand released by RBA rate cuts delivered a significant increase in consumer expenditure in the June quarter. However, business investment stayed low, indicating that companies were not inclined to make significant investments until they see more proof of a revival in domestic demand. Businesses

Rebounding rents creates inflation headache for RBA

October 15, 2025 - 13:00 -- Admin

Cotality’s rental data continues to deteriorate. The latest weekly market indicators report shows that rental listings have collapsed to a fresh low across the combined capital cities: Over the past year, total listings across the combined capital cities have declined by 18.6%, with double-digit falls recorded across every market: The vacancy rate across the combined

Another housing gimmick fails

October 15, 2025 - 12:30 -- Admin

The Guardian’s Luca Ittimani asks why state and local government plans to convert empty office buildings into apartments to ease the housing crisis have not come to fruition: Momentum to create homes out of empty offices has faded even as office vacancies rise and housing shortages intensify. Developers have not submitted a single application to

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