The Market Ear with more terrific charts. Big vols are moving higher JPM currency volatility index has moved sharply higher. VIX is so far “unimpressed” as equities are focused on the upcoming expiration and people are trying to figure out how much more the systematic players will buy… Refinitiv The trend in bond volatility Volatility
The Housing Industry Association (HIA) has updated its dwelling starts forecasts, which now tips a steady decline in detached house construction all the way to 2024 on the back of rising interest rates and high construction costs: It is anticipated there will have been 131,730 detached starts in 2021/22. This is just 6.7 per cent
This: Chinese banks will likely trim their benchmark loan prime rates Monday for the first time in months to help spur borrowing demand and reverse a sharp slump in consumer and business sentiment. The one-year loan prime rate — the de facto benchmark lending rate for banks –is expected to be cut by 10 basis
Risk markets absorbed the latest inflation print from Euro-land overnight following strong UK inflation numbers in the previous session with the USD surging against everything as a result. Wall Street is uneasy still with initial jobless claims numbers printing a little higher than expected. The Australian dollar was pushed much lower, currently hovering at the
DXY is back and it’s bad. EUR is sick: AUD is too: Oil bounced: But metals are rolling: As miners smoke crack: EM stocks look toppy: Junk has rolled as well: The US curve steepened a touch: Stocks only go up: Westpac has the wrap: Event Wrap US existing home sales in July fell for a
He’s from the projects, they said. His Mum was a welfare battler, they said. He’ll lift wages, they said. They lied. Albo is the smiling assassin of capital and he has set about what is shaping as the greatest accelerated destruction of Australian workers’ wellbeing in a century: There has not been a singular drawdown
The similarities between the Albanese Government and the former Rudd Labor Government are uncanny. Both came to power following a long stint in the political wilderness and initially rode a wave of strong popular support. And both quickly established national summits to ‘solve’ the nation’s problems: The Rudd Government’s Australia 2020 Summit was a two
CoreLogic’s weekly Australian house price index, which tracks value changes across the five major capital cities, fell another 0.37% in the week ended 18 August – the 15th consecutive weekly decline: The decline in values was driven by the three largest capital cities, namely Sydney (-0.5%), Melbourne (-0.34%) and Brisbane (-0.39%): So far in August,
Global Macro / Markets / Investing: Electric Car Prices Spiking Due To Rising Costs And Demand – Inside EVs On the corrupt $280 billion CHIPS handout to semiconductor oligarchs – IBO News Fed sees interest rate hikes continuing until inflation eases substantially – CNBC OPEC not to blame for soaring inflation, new chief says, citing
The selloff from overnight markets has proven contagious here in Asia with drops across the boards, led by Japanese shares. The USD remains very strong against the majors with the Australian dollar about to break the 69 cent level on the mixed unemployment print while Euro has given up all its meagre gains as it