Blogotariat

This seems to have passed the forex market by. Goldman. The PBOC’s Pledged Supplementary Lending (PSL) program resumed expansion in November by a net increase of RMB25.4bn, ending its contraction since March 2024. This implies that the central bank may have approved a full-year quota for 2025 (as it did in late 2023), although the

The post China resumes printing money appeared first on MacroBusiness.

As late as the final months of October, the Sydney auction market was still riding high, with its 4-week moving average clearance rate still sitting significantly higher than the same time last year. But in the weeks since, it has fallen back to earth, now sitting just 1.6% higher than at the same point last

The post Sydney’s auction market tanks back to Earth appeared first on MacroBusiness.

Wednesday’s Q3 national accounts release from the Australian Bureau of Statistics (ABS) reported fairly modest real per capita household consumption growth of only 0.1% for the quarter and 1.0% annually. The national accounts also reported a lift in the household savings rate to 6.4%: Viewed in isolation, this data would have soothed RBA concerns that

The post Household spending splurge rings RBA alarm bell appeared first on MacroBusiness.

Australia's main grid reached 50% renewables for second month in a row, but in W.A. - the world's biggest isolated grid - the result was even better.

The Market Ear on Santa or bust. Well ahead Russell well ahead of NDX over the past 6 months. Source: LSEG Workspace Small cap tech as well Small cap tech beating NDX by a huge margin over the past 10 days. Source: LSEG Workspace That’s new Trannies leaving tech behind…Chart 2 shows the two since

The post Santa or bust appeared first on MacroBusiness.

Sydney based steel company tests "sustainable" steel made from 100% scrap it hopes can deliver major savings in materials and emissions for wind turbines installed in Australia.

The ferrous complex is stronger in the last week as steel inventory rundowns are finally boosting prices. At least keeping pace with iron ore. Vale is playing games. Brazilian mining company Vale has lowered its forecast for iron ore production in 2026 to 335-345 million tons, according to a company statement. The previous forecast was 340-360

The post Pilbara killer turns Pilbara whimper appeared first on MacroBusiness.

Dozens of oil tankers in Russia’s shadow fleet will be hit by a fresh round of Australian sanctions in a bid to starve Vladimir Putin of revenue to fund his war machine as the federal government announces its first military support package for Ukraine in more than a year.

More renewables will bring prices down, a slower transition will send them up, the AEMC says in a blunt reminder for those still keen sweating coal and going harder on gas.

DXY is down, down. AUD is up and away. CNY tailwind. Gold tailwind. Metals tailwind. Miners tailwind. EM not so much. Junk looks worried. Yields fell. Stocks firmed. The ADP survey in the US was weak. “Hiring has been choppy of late as employers weather cautious consumers and an uncertain macroeconomic environment,” said Dr. Nela

The post Australian dollar roars as US jobs whimper appeared first on MacroBusiness.

US Secretary of War Pete Hegseth has sparked a backlash after posting an image showing a popular children’s cartoon character attacking what appear to be drug traffickers. This comes as the administration of US President Donald Trump faces renewed scrutiny over lethal strikes against alleged drug-smuggling vessels in the Caribbean Sea and Pacific Ocean.

Australia has the highest concentration of international students among major advanced nations. Figures from the Department of Home Affairs show that the approval rate for international student visas fell below 75% in October, compared to 83.6% for the same month in 2024. The decline in approval rates came at the same time as the number

The post Universities cry poor as international student numbers boom appeared first on MacroBusiness.

  AUD/USD EUR/USD USD/JPY GBP/USD Gold West Texas Intermediate Brent ASX200 US S&P 500 UK 100 Japan 225

The post Macro Afternoon: 3 December 2025 appeared first on MacroBusiness.