The ferrous complex is up to its usual New Year games as speculation mounts about imminent yawnulus. There is some evidence for increased fiscal support in early-year bond issuance; however, the usual caveats apply. More and more, such spending is directed away from commodity-intensive uses. Additionally, the yawnies must now contend with the anti-involution investment
A huge fill in the US trade deficit overnight gave the USD some more power, while the latest US initial jobless claims suggest another weaker NFP print tonight that should encompass post shutdown data. Wall Street stumbled around however as did European stocks with oil putting in a surprise breakout, most likely due to protests
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Are Russia and China, the BRICS, willing to continue to let Trump redraw the ‘mappa mundi’ according to his own exclusive interests? Or is it time to see a real alternative to US hegemony take shape?
No alternative to US hegemony?
Ricardo Nuno Costa
DXY is threatening a little again. AUS has a nasty candle but has not yet broken support at previous resistance. CNY is supportive. A rare up day for oil. Metal mania has turned DXY bust. Another nasty candle on big miners. EM sag. Junk refuses to corroborate any rally. US long-end warming up. Stocks struggling
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A new analysis finds that the richest 15 billionaires in the U.S. saw their wealth skyrocket by nearly $1 trillion in the first year of President Donald Trump’s second term, which also contained one of the single largest cuts to welfare benefits in U.S. history.
With corporate media forcing PM Albanese into a small target corner on messaging, the right is filling the rhetorical void. Andrew Gardiner looks at the repercussions.
Albo’s search for the middle leaves him exposed on both flanks
by Andrew Gardiner
Australia’s visa laws allow exclusion on grounds of character and incitement of discord. Those tests raise serious questions about whether Israel’s president should be welcomed while the killing in Gaza continues.
In the years since the Global Financial Crisis, the Australian economy has become ever more reliant on government for positive outcomes. Much of the revenue required to underpin this ongoing intervention has been derived from the explosive rise in resource exports, which rose by well over 200% at their peak in 2023 compared with their
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Asian share markets are not doing well as the positive lead from Wall Street dissipated overnight with commodity volatility continuing to dominate other risk markets while bonds go sleepy. Currency markets are selling off commodity currencies while Euro and Pound Sterling are trying to stabilise after a wobbly start to the new year, relatively speaking
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Price and emissions savings seen in 2025 could soon be in the rear vision mirror as the Queensland Government commits to expensive, polluting fossil fuels.
The Market Ear on where we are. SPX stuck SPX remains stuck in the wide range that’s been in place since September. We’re now sitting in the upper end of that range, an area that has rejected price on three prior occasions, with 7000 (futures) standing out as major resistance. Mean reversion has been the
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Readers will be well aware of the looming global LNG glut. Global LNG output rose 6% in 2025 and is expected to grow for at least another four years on the back of record-setting investment in new facilities. This year alone, two giant projects — Golden Pass in Texas and a major expansion in Qatar — are
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The Albanese government’s 5% deposit scheme for first home buyers, which came into effect on 1 October, has pushed the last of Australia’s affordable housing beyond reach. Lower-priced properties, or those covered by the extended Home Guarantee Scheme price caps, have generally seen better growth since September of last year, according to new Cotality study.