Bloomberg loves a party line. Australian unemployment held steady last month even as the economy shed jobs with fewer people looking for work, signaling the labor market remains tight and reinforcing the Reserve Bank’s cautious approach to policy easing. There is nothing tight about the Aussie labour market. Frankly, at 4.2% unemployment, it is intrinsically
Let’s make a story where there isn’t one. The stunning collapse of the $30bn Santos takeover after six months of exhaustive talks and diligence will have investors rightly asking what else is lurking inside the gas play, and why are they still in the dark? On Wednesday night, Abu Dhabi’s XRG consortium, led by the Abu Dhabi
For a long time, Middle America has found itself struggling at an aggregate level. While there have been some on-paper standouts when breaking down household outcome growth by geographical location, that has been balanced out by other locales seeing significantly weaker growth than the average. Today, the median American full-time male worker earns as much
On Thursday, Prime Minister Anthony Albanese unveiled Labor’s long-awaited 2035 climate targets, which promise to reduce emissions by more than 62% and up to 70%. The promise expands on Australia’s existing 2030 target to reduce emissions by 43% from 2005 levels. The Paris Agreement, reached a decade ago, requires nations to lift their carbon reduction
From the Market Ear: Here we go Russell takes out massive resistance area. As we have been outlining over the past weeks, play possible upside break outs via cheap options plays. Relative king IWM/SPY ratio printing new recent highs… Upside panic Most shorted extending the break out move. This space is up some 12% since
Below is another excellent guest post from MB reader Erin Rolandsen, CEO of Angelassist: Cybernetics pioneer Stafford Beer once said: “The purpose of a system is what it does.” If that is true, what, then, do we make of Australia’s systems? Everywhere we look, the systems designed to solve problems instead perpetuate them. We have
The Australian Bureau of Statistics (ABS) released the official population and immigration data for the March quarter of 2025. The ABS showed that Australia’s population grew by 144,300 in Q1 2025, which was down from 156,800 in Q1 2024. However, the Q1 2025 increase was still stronger than any quarter of population increase in Australia’s
Newlyn, Victoria AUD/USD EUR/USD GBP/USD USD/JPY Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
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Belinda Allen, CBA’s Head of Australian Economics, believes that the Reserve Bank of Australia (RBA) will only cut the official cash rate (OCR) once more in November, given the recent stronger run of economic data. This would take the OCR to 3.35%, which is close to CBA’s estimate of neutral. Market pricing has also shifted
Iron is hovering in some restocking episode. Long steel products enjoyed a hoped-for infrastructure stimmies bounce. Flat keeps easing. CISA output rebounded in the first ten days of September. Mills are overproducing, with inventories up 5% in the period. More price falls ahead. Meanwhile, Chinese property will never bottom! Primary prices are down with too