DXY held Friday night, but EUR is a runaway locomotive. AUD fell and is eating European dust. Lead boots were made for climbing. Gold is in a spot of bother; improving geopolitics outweighs a falling DXY. Metals reflation is go. Another chance to short the world’s greatest bear market. EM meh. Junk stalled. As yields
By Lucinda Jerogin, Associate Economist at CBA Australian CPI inflation surprised to the downside at 2.1%/yr in May 2025. The policy relevant trimmed mean measure eased to 2.4%/yr. As a result,we brought forward our expected timing of the next RBA rate cut to July. News offshore was dominated by geopolitical events as hostilities between Israel
Today we have the auction results for the two biggest markets Sydney and Melbourne, but using a bit of a different approach. When Domain, Corelogic or any number of other property data sources produce their preliminary auction results on a Saturday evening, it perhaps isn’t based on what one would think at first glance. Instead
Today we meet Ted. Almost nobody knows who Ted is. In some ways this is a good thing meaning he can walk down the streets of wherever he lives without having soft fruit thrown at him. But in other ways this may not be such a good thing, seeing as Ted is your shadow
In this MacroBusiness podcast, Gunnamatta and Leith van Onselen unpack the budget outlook, the deindustrialisation of Australia, housing policy failures, energy policy failures, and the nation’s falling productivity growth. Highlights: 0:00 Introduction 1:00 Why Australia’s budget finances are unsustainable 10:30 Australia is deindustrialising 12:07 Australia should be the richest nation on earth 17:46 Australia’s energy
International Reading: Trump Sends Dollar Plunging With Plan to Turn Federal Reserve MAGA – The Daily Beat Gen X is the least financially secure generation – Independent Cargo ship carrying 3,000 vehicles, including 800 EVs, sinks in the Pacific Ocean – Live Mint US economy shrunk faster than expected, new data shows – The Hill
Share markets in Asia are again failing to follow the ebullient mood on Wall Street with the latest industrial production numbers in China disappointing while Japanese core inflation numbers are still relatively high, giving the Nikkei a boost above the 40000 point level. The USD is still falling across the board except against gold with
On Wednesday, the rush to the bottom by Australian policymakers to pump housing demand entered yet another chapter, this time with multiple state government’s taking their turn. At the federal election, the Albanese government promised a 5% deposit scheme that would cover the overwhelming majority of first home buyers. This comes in spite of the
A 2024 report by the Penington Institute claimed that cannabis has become an integral part of the criminal economy, representing a $5 billion black market in Australia that generates massive profits for transnational gangs. “It’s shocking … how integrated it is to criminal networks. It’s an own goal for us. Police are already really busy.
I love iron ore sometimes. They are so hopeful. None more so than Mineral Resources as the doomed firm unveils its latest glorious folly. AFR. It’s the remote Pilbara iron ore project that has the market divided. Now, two years after first breaking ground at Ken’s Bore, Mineral Resources is out to spruik its flagship