ANZ job ads are in their strongest surge in three years. Labour demand often rises at the beginning of the year (the job advertisements series grew 6.2% m/m in January 2019 and 3.9% m/m in January 2017). The increase in January comes after the unemployment rate dropped to 4.1% and employment increased by 65.2k in
Overnight saw the release of a very strong US ISM manufacturing PMI print which gave industrial stocks on Wall Street a big lift and will likely spread to a risk on mood here in Asia on the open. The USD saw a small lift against most of the undollars as Euro fell below the 1.18
Exclusively from national treasure, Gerard Minack. Australian rates and sticky inflation Expectations for RBA policy have swung 180° through the past three months, from easing to tightening, as inflation lifted through the second half of 2025. There is noise in the data so I’m not as sure as the market that the RBA will tighten
DXY is back in a big short squeeze. AUD was dumped then pumped. CNY supportive. JPY not. Slaughter. More slaughter. Miners held on. EM still coming off. Junk no bueno. The Warsh effect on yields will not please the boss. Stocks rebounded moderately. In data, the ISM popped. Relative US growth is surging versus the
Australia’s 5% deposit scheme has triggered a surge in first‑home buyer activity, but mortgage brokers warn the same policy is now likely to hurt those buyers the most if interest rates rise on Tuesday. Loan Market data shows a 49% jump in first‑home buyer mortgage applications in October (when the scheme began). Activity slowed in November but
Its a sea of red across Asian share markets as margin calls from the precious metal collapse cause equities to fall over although there was a fair amount of regional data that added to the volatility, including poor Chinese PMI prints and weird moves on Korean markets. The USD remains on a tear against the
Jennie George is a former president of the ACTU and a former Labor federal MP who represented Throsby from 2001 to 2010. Recently, George has taken a stand against her former colleagues to exert pressure on the Albanese government regarding gas policy, renewables subsidies, and energy security. In a comment published in The Australian last
The unsung depression in the Chinese economy continues. It is supposed to be enjoying a manufacturing boom, yet the manufacturing PMI has averaged a decline of 49.7% after the COVID reopening, contracting 27 out of 36 months. Celebrated exports have done far worse. The Services PMI is not much better and is trending down. Led
With One Nation surging in the polls, another Coalition MP is reportedly seeking defection, according to Sky News. Barnaby Joyce has confirmed that One Nation will announce a major political defection within 24 hours but refused to reveal the identity of the new recruit, saying the announcement would come from leader Pauline Hanson. One Nation
Victoria has legislated a target to source 95% of its electricity from renewable energy by 2035. This is one of the most ambitious renewable energy targets in Australia and globally, designed to accelerate the state’s transition away from cheap brown coal toward cleaner energy sources, such as wind and solar. The Renewable Energy (Jobs and