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Finally a relatively non-volatile trading session today although the newsflow remains weird with more Trumpian two-steps around tariffs on Chinese goods, while all eyes remain on the canary in the mine – the bond markets. The USD is still slowly weakening as it loses its reserve currency status with almost all the majors including gold

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Fortescue inks fresh deal in support of emissions-free shipping, chartering an ammonia-powered vessel to transport iron ore from the Pilbara to China and the world.

An oft-repeated mantra from the Trump regime is that tariffs in Trump’s first term barely affected inflation. Which is true. But the inflation environment was very different. The latest inflation data was out at the end of last week, and while it may have beaten expectations, it is not the type of inflation numbers that

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MOSCOW (Sputnik) On April 2, Trump signed an executive order introducing "reciprocal" tariffs on imports from other countries. The baseline rate was set at 10%, while dozens of countries were hit with higher rates. The duties on most countries were reversed to 10% days later to allow for trade negotiations, while those on China were hiked to 145%.

My favourite strategist is back. Macquarie strategist Viktor Shvets sees the potential for what he calls a “Lehman Brothers moment”. …Volatility indices and credit spreads are not at crisis point yet, Shvets says, but “it seems that short of abandoning current policies, the self-reinforcing loop of deleveraging – and there is no healthy deleveraging in

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Morgan Stanley with the note. Investors are laser-focused on Beijing’s stimulus, as the record US tariff hikes and little room for near-term de-escalation mean rising downside to growth. We don’t expect immediate new stimulus. Beijing is likely to prioritize front-loading of the pre-announced Rmb2trn NPC package in 2Q.A more plausible timing for a Rmb1-1.5trn supplementary

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Over the weekend, we saw both sides of politics ‘jump the shark’ on housing policy. The Albanese government effectively announced a state-sponsored subprime mortgage scheme by promising to allow all first home buyers to purchase a home with only a 5% deposit, with the government guaranteeing up to 15% of the loan value, thereby eliminating

The post Politicians blow world’s biggest house price bubble appeared first on MacroBusiness.

The Australian Bureau of Statistics (ABS) released data on permanent and long-term arrivals and departures to Australia last week. There were 111,740 net permanent and long-term arrivals in February, with 158,980 arriving over the quarter. The following chart from Justin Fabo of Antipodean Macro illustrates how net overseas migration appears to have rebounded strongly in

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The Market Ear on equities. The outlook is so awful… When macro economists sound the most bearish, it often means the worst is already priced in. Markets don’t wait for confirmation—they front-run fear. Historically, when the consensus gets overwhelmingly negative, the actual downside rarely plays out as expected. Yes, we admit that this process has

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Former mastermind of Tesla energy and EV batteries re-emerges after surfing break as head of new company looking to upgrade the grid for a renewable future.

One of the most volatile trading week’s has come and gone but all the signs remain that volatility is here to stay with weekend news that the “Art of the Deal” maker has already given up his key Trump card by exempting Chinese computers and smart phones from the 145% tariff slaps, while China is

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