The Market Ear on the Fed and equities. Pre Fed pricing 25 or 50? Next 12 hours are crucial in terms of press watching and will probably cement final pricing, writes DB. Must read all you need to know note here. DB The big bid… …is taking a pause. Friday 9/13 marked the first day
China is closed but SGX open. Iron ore firmed yesterday: But, overnight, Goldman rained on the parade: Despite the iron ore price falling by ~20% since July, global supply has remained robust, with total daily iron shipments currently running 2% higher than this time last year, and a similar picture for arrivals into China. While
While the Dow Jones closed at a new record high, Wall Street was more broadly mixed as tech stocks pulled back from their Friday night advances while European stocks also retreated slightly. Risk markets are getting anxious about the slew of central bank meetings this week, with the BOJ going first and then the Fed
Last week, the NSW Productivity Equality Commission released its final report on housing supply challenges and policy options, which touted higher towers, smaller homes, and fewer car spaces as the solution to the state’s housing crisis: As reported by The ABC: “Higher-density zones around train stations would double in size… The NSW productivity commissioner is
The last few years have been a difficult time for Australia’s rising army of renters, particularly those on lower incomes. The enormous disparity between demand and supply pushed the nation’s rental vacancy rate to historic lows and asking rents to the moon. Earlier this year, Finder’s Consumer Sentiment Tracker showed that 42% of renters were
In 2022, Claire Field, a former vocational training sector regulator, warned that a large number of South Asian students were arriving in Australia in “response to the unlimited work rights now available to those on Australian student visas”, enrolling in “lower quality and cheaper vocational colleges” to enter Australia to live and work. The deluge
Most Asian share markets were closed today with local stocks carrying the weight of risk around the region as the USD slips a little versus almost all the majors, particularly Yen. All eyes are on central banks this week so expect more currency volatility ahead. The Australian dollar is pushing above the 67 cent level
New Zealand experienced the developed world’s largest house price boom over the pandemic. However, since the Reserve Bank of New Zealand commenced its rate-hiking cycle in late 2021, housing has been a sea of red. CoreLogic’s latest dwelling value results showed that average home prices nationally had fallen 16.8% from their post-Covid peak: Data from
Watch the Gaslighter-in-Chief in action. He loves the symbolism of “going to women before blokes” at his big gender violence funding announcement: But the reality is he has slashed spending: Last week, following a dedicated meeting of national cabinet, the Albanese government announced a $4.7 billion investment to tackle domestic, family and sexual violence. There
Goldman Sachs is still bullish, DXY. USD: Cuts, now what. The time for cuts has come, but we do not think that is a reason to be overly bearish on the Dollar. First, while the broad Dollar has fallen only about 1% since the summer peak, DXY is down around 5% and back to unchanged