Blogotariat

At last year’s Conservative party conference, prime minister Rishi Sunak declared the UK government planned to increase, year by year, the legal age of smoking to achieve a “smoke-free generation”.

The announcement gave the impression the prime minister was taking on Big Tobacco. 

A sea of red across Asian share markets today due to the sharp reversal on Wall Street overnight as markets rebalancing their risks around the Federal Reserve rate cut agenda, which seems to keep getting pushed back. Not a good position to be in coming into tonight’s US jobs report with the USD still looking

The post Macro Afternoon appeared first on MacroBusiness.

Independent economist, Tony Alexander, discusses the recent weak economic data pervading New Zealand and how it increases the chances of “a series of quick interest rate cuts” later in the year. The case for a quick series of interest rate cuts to occur and to commence before the end of this year was strengthened right

The post Reserve Bank readies “series of quick interest rate cuts” appeared first on MacroBusiness.

The Pilbara killer will harm nothing but the iron ore price: Rio Tinto chairman Dominic Barton has signalled the miner will set targets for the preservation of nature and biodiversity to bring international sustainability standards to projects in developing nations. Rio’s sustainability credentials have been questioned this week by big European investors who are considering

We thank China for dramatically driving down the price of solar panels. Australia missed that trillion-dollar opportunity and now it’s time to get back in the game.

I congratulate Samantha Mostyn on her appointment as Governor-General. Such an appointment is a great honour.

Ms Mostyn has given much service to public life as she has to both community and business life. This service marked her out as a distinguished communitarian with a complex range of interests. And with those interests, experience.

The Australian Prime Minister, Anthony Albanese, was distraught and testy. It seemed that, on this occasion, Israel had gone too far. Not too far in killing over 32,000 Palestinians in Gaza, a staggering percentage of them being children. Not too far in terms of using starvation as a weapon of war. Not too far in…

The post Killing Aid Workers: Australia’s Muddled Policy on Israel appeared first on The AIM Network.

As we all know, Australia’s population increased by 660,000 in the year to September 2023, driven by net overseas migration of 549,000. However, throughout the same period, we constructed only 155,600 dwellings (net of demolitions), which means we created just one home for every 4.24 new residents. This explains why the nation’s rental vacancy rate

The post Stop playing skills shortage ‘whack-a-mole’ appeared first on MacroBusiness.

DXY eased: AUD popped: No help from North Asia: Oil bull: Dirt bull: Mining bust: EM false break out: Junk is warning: Yields eased: Stocks puked: Weirdly, it is a battle between dovish Fed speakers pushing down DXY and an oil bull run that has mounting geopolitical tailwinds, and dovish Fed speakers behind it. UBS

The post Australian dollar floats on oil appeared first on MacroBusiness.

Don’t say I didn’t warn you. The Market Ear has more on the sinking heard.  Stressy VIX Gradually, then suddenly. On Tuesday, in our post “Green Shoots of Fear”, we pointed out that some of the “indicators” we watch were showing a pick up in fear. Fast forward to today and things are looking much

The post Bulls gallop into oil sinkhole appeared first on MacroBusiness.

China is closed, but SGX futures kept falling yesterday: Every seaborne tonne is still making money up here. There’s no meaningful pressure on any supply above $80, which is where we are going next. The news is bad: iron ore prices continued to weaken Thursday after news on Chinese commodity websites that the government would

The post Iron oreful continues appeared first on MacroBusiness.