Risk markets were in buy the dip mode overnight as Wall Street rebounded after speculation that tariff relief maybe around the corner alongside better than expected US economic data. European stocks also came back slightly while a build up in US domestic supplies saw oil prices pushed back to weekly lows. The USD had small
The post Macro Morning appeared first on MacroBusiness.
Signs of the ongoing US government shutdown causing difficulties or uncertainties for US soldiers appeared, and then were swiftly removed after drawing attention, on the US Army Garrison Bavaria website this week.
Ukrainian leader Vladimir Zelensky’s recent tour of several units fighting in the Donbass featured a flurry of Nazi and Nazi-adjacent symbolism, worn on the flags and shoulder patches of Ukrainian servicemen. None of it, of course, was picked up by Western media.
When the razzle dazzle of the prime minister’s first face-to-face meeting with the mercurial US president is forgotten and the huge sigh of relief that nothing went wrong subsides, questions will be asked about what all the puffery achieved.
.... Now it remained for Minin and Pozharsky to take the Kremlin.
Cotality’s house price results for October noted that values are growing more strongly at the lower-to-middle end of the market. Across the combined capital cities, dwelling values in October rose by 1.4% across the middle market and by 1.2% across the lower quartile, while the upper quartile values increased by only 0.7% over the month.
One Nation leader Pauline Hanson will rail against the Coalition and lavish praise on Donald Trump as she rubs shoulders with the US president’s inner orbit at a $25,000-a-head conservative forum at Mar-a-Lago in Florida.
AI consciousness Is the chess program on your phone conscious? Is ChatGPT5 a conscious agent? Will ChatGPT9 be conscious? Most people would answer no to the first question, don’t think so to the second and “don’t know” to the last. … Continue reading →
It’s been maybe twenty years since I last had one — before the kids went to school, I think. And I don’t know that we used it much, because we already had plenty of books at home. It just seemed like a good idea at the time. Eventually, I realised I hadn’t used it for a couple of years, didn’t know where the physical card was, and didn’t think about it again for a couple of decades.
The fallout from last night’s selloff on Wall Street has hit most of Asian markets in today’s session although local shares escaped the carnage following yesterday’s hold from the RBA. The USD reversed slightly against some of the major currency pairs particularly the Australian dollar although the Canadian Loonie couldn’t find any support as the
The post Macro Afternoon appeared first on MacroBusiness.
The past month has seen a procession of opinion polls proving that Australians reject excessively high immigration levels. Polling by Macquarie University’s Housing and Urban Research Centre showed that two-thirds (66%) of respondents believe that Australia should reduce the rate of immigration to address the housing crisis: Resolve Political Monitor’s polling of 1,800 Aussies from