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Stocks await the vote

October 28, 2024 - 12:30 -- Admin

The Market Ear with the latest equity internals. Do we see a magnificent ATH? MAG 7 index broke well above the short term range yesterday fuelled by the Tesla squeeze. We are not far from ATHs, and the crowd isn’t long enough of Mag stuff these days… Refinitiv THE spread We have seen the AAII

More evidence LNG worse than coal

October 28, 2024 - 12:00 -- Admin

You won’t hear it from the gas cartel-sponsored Grattan Institute but there is a mounting body of evidence that LNG fugitive emissions are calamitous for climate change.  Liquefied natural gas (LNG) exports from the United States have risen dramatically since the LNG-export ban was lifted in 2016, and the United States is now the world’s

More stimulus hopium for iron ore

October 28, 2024 - 09:30 -- Admin

Friday saw a rebound in steel: And iron ore: After a series of stimulus positive comments about the forthcoming NPC scheduled immediately after the US election. The scenario in which iron gets a boost from a large fiscal number is the Trump victory. Even then, it will only be minor because property and infrastructure are

Macro Morning

October 28, 2024 - 09:00 -- Admin

Friday night saw the release of the latest US consumer sentiment figures that ended up pushing risk sentiment lower as the USD was bid higher against everything but gold while bonds and stocks sold off. Only tech stocks advanced on Wall Street with equity futures indicating a poor start for Asian shares this week. The

The great residential land bubble

October 28, 2024 - 08:00 -- Admin

The Australian Bureau of Statistics (ABS) released its annual national accounts for the financial year 2023-24, which include detailed information on land values. Land values supporting the Australian housing market grew by 8.8% in the 2023–24 financial year. Australia’s land was valued at $9.2 trillion in 2023-24, with residential land ($7.7 trillion) comprising 84% of

International students covet immigration, not an education

October 28, 2024 - 07:00 -- Admin

The ABC’s Jacob Greber claims that the international education sector is an “export giant” that is being unfairly targeted by the federal government’s desire to lower net overseas migration. Greber argues that the government’s crackdown on the sector “undermine[s] Australian universities competing against attractive offerings in the UK, Canada and US”. “Limiting how many fee-paying

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