Oh what a night! Wall Street managed to a 4% plus volatile turnaround after embracing the uber good earnings from NVIDIA before realising the AI bubble might be a bubble with no upside potential, not helped by a massaged and very late September US jobs report and a lot of Fed hand wrangling over rate
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DXY is ready to pop but not yet. AUD is breaking down. CNY yawn. Gold and oil yawn. Metals say Chinese property rescue is no bueno. Miners too. EeeiiuuM Junk was OK, weirdly. Yields too. Stocks puke. US September payrolls didn’t cheer anybody. Total nonfarm payroll employment edged up by 119,000 in September but has shown
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France’s top general, Fabien Mandon, is facing backlash after saying the country must be ready to “lose children” in a potential conflict with Russia. Moscow has dismissed Western speculation that it has any plans to attack the EU or NATO as “nonsense.”
Private capital will not build Australia a world-class science system. Only the public sector can do that. And it must do so at a scale that matches the challenges ahead.
Japan and China both have legitimate security concerns. But an informed debate needs major media outlets to stop systematically erasing the historical context that shapes how the region understands current events.
A new proposal has been pitched in the United States to address the country’s housing crisis. The Trump administration is working to introduce 50-year mortgage terms for homebuyers. Instead of the standard 30-year fixed mortgage, payments would be spread across 50 years. President Trump has framed it as a continuation of the American Dream, likening
The house was gloriously quiet and still today, allowing me to get back to World War 3.3. As I expected, I wasn’t able to spin up from nothing to seven hours of two-fisted manuscript punching. But I managed four hours of concentrated work, and I’m gonna take that as a win.
Action in Japanese bond markets dominate risk taking across Asia with stock markets having mixed sessions after Wall Street stabilised overnight, with Japanese shares launching higher. The USD pulled back against most of the undollars after a big surge overnight on the release of the FOMC minutes which indicated the December rate cut may not
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