Some days ago, I saw a meme someone had posted which was obviously from a rabid racist, but it does demonstrate the nexus between the far right and the religious, something I have written about here before, if only peripherally1.
Wall Street finally got some relief overnight with some inflation talk from the Fed and the latest BOE hold decision with further speculation the ECB may join the rate cut train sooner as well. The USD fell back as a result, pushing Euro higher and helping the Australian dollar rise back above the 66 cent
The post Macro Morning appeared first on MacroBusiness.
Rebar and iron ore are down: Late April CISA output was pretty good, now down only 2.3%: Steel exports are thumping, a general price negative for FE given it is dumping: Iron ore imports are still firm: Not bad numbers, but not good enough to hold through May.
The post Sell iron ore in May and go away appeared first on MacroBusiness.
MORE TO COME.
FREE JULIAN ASSANGE NOW..............
Foreign Minister Penny Wong conveys Australia’s decision on Friday 10 May to the UN General Assembly on whether Palestine should be admitted as a full member. This, after years of conflict over Palestine between Labor and the Coalition, and disagreement within the ALP, is a definitional moment for Australia.
Ben is joined by Kerryn Baker from the Department of Pacific Affairs at the Australian National University to discuss the recent elections in the Solomon Islands, which ended with a new prime minister, if not an entirely new government.
I expect a semi-dystopian future with substantial pain and suffering for the people of the Global South,” one expert said.
Israeli officials reportedly said that their prime minister is ‘extremely nervous about the possible arrest warrants’, adding that he had spoken to several US lawmakers in recent days, asking them to press the ICC against taking action.
Via the ABS. In the week ending 13 April 2024, payroll jobs: decreased by 0.6% in the month since 16 March 2024 increased by 2.3% in the year since 15 April 2023 Jobs growth in the major states has been demolished: Illustrating happiness for the RBA: “New migrants add to demand and there’s been that
The post Jobs growth stalls, wage growth caput appeared first on MacroBusiness.
IF YOU ARE A REAL “JUSTICE SEEKER” YOU WOULD SEE THAT THIS [GERMANIC] JOURNALISTIC SPEW IS GEARED AGAINST DONALD TRUMP BEFORE ANY JUDGEMENT IS PASSED — WHETHER YOU THINK DONALD TRUMP IS A SLEAZE BAG, A CLOWN OR A DEVIOUS BUSINESSMAN.
AS WELL, THE LITTLE SUBHEADS ARE CALLED “CRIME, CRIME, CRIME” FOR EACH OF THE ITEMS. THIS IS SUBTLE COERCION TO MAKE YOU THINK THAT TRUMP IS A CRIMINAL…
FROM DW...
Risk is only taking a pause on local markets with Chinese bourses powering ahead on recent trade figures while Japanese stocks and the Yen are being impacted by a talk fest from BOJ officials and others in trying to tame the recent volatility. The USD is firming against most of the majors as interest rate
The post Macro Afternoon appeared first on MacroBusiness.
While the Senate Subcommittee came out in favour of a much-amended Migration Amendment Bill 2024 … it is not too late to reject the premise of the legislation or to create a more coherent Bill, whose wider implications are intentional and more integrated, say advocates. Refugee advocates invite Senators to reject the Bill a second…
