The most significant information in Wednesday’s monthly inflation indicator from the Australian Bureau of Statistics (ABS) was the sharp decline in housing inflation. As illustrated below by Justin Fabo from Antipodean Macro, the easing in CPI rent inflation continued in January, with rents rising by only 0.3% over the month to be 5.8% higher year-on-year.
Asian share markets are very mixed with Chinese shares lifting while the rest of the region is playing along with the downtrend on Wall Street as the upcoming Canadian/Mexican tariffs look like starting soon, although that’s clear as mud due to the ongoing clownshow at the White House. Meanwhile locally the latest monthly CPI print
Deutsche with the note. We wrote yesterday that our conviction level on the bearish EURUSD view had declined largely on consistent signalling of a more conservative fiscal policy from the US administration than what we had assumed since the start of the year. This is the primary reason behind the recent rally in US Treasuries,
Domain is upset with Peter Dutton. Peter Dutton has made $30 million of property transactions across 26 pieces of real estate over 35 years, making him one of the country’s wealthiest-ever contenders for prime minister as the major parties battle to convince voters they can fix Australia’s housing affordability crisis. Since buying his first home
By Stephen Saunders In America, Kamala Harris = word-salad is a national meme. Australia’s Harris of Demography has been at it again, garbling at great length for The Conversation. Americans exercise certain democratic rights to roast Harris. But Allen, along with Abul Rizvi and Laura Tingle, exists in rarefied space as an immigration whisperer to
The ferrous complex rolled over yesterday. Scuttlebutt is straightforward. A bipartisan group of U.S. lawmakers is introducing a legislation to address the impact of Chinese-supported companies moving portions of their production to other countries to circumvent American duties. The legislation would also toughen anti-dumping rules. This comes after the U.S. announced 25% tariffs on all
The Reserve Bank of Australia (RBA) would be happy with Wednesday’s monthly CPI indicator from the Australian Bureau of Statistics (ABS). The ABS reported an annual headline CPI of 2.5% in January (versus 2.6% expected) and the policy-relevant trimmed mean inflation of 2.8% (within the RBA’s target of 2% to 3%). The following chart from
The Albanese government’s target of building 1.2 million homes over five years remains hopelessly out of reach. On Tuesday, the Housing Industry Association (HIA) reported that new home sales increased by 4.1% in the month of January 2025, offsetting weaker sales in November and December 2024. While sales rebounded in January, the following chart from
Something I have not much focused on is the implications of the Guinean Pilbara killer mine on QLD. Simandou produces such high-quality iron ore that it can and will be used as direct injection feedstock into electric-arc furnaces (EAF). These typically use gas, not coking coal, as the reducing agent. If all of Simandou output
The Australian’s Judith Sloan argues that Labor’s $22.7 billion Future Made in Australia (FMIA) policy is badly planned and badly executed. Labor has promoted FMIA as a plan to create new jobs and opportunities by maximising the economic and industrial benefits of moving towards net zero emissions. Sloan argues that it is, in fact, a