It is the unsinkable metal ore despite falling steel prices. Recent GDP data was OK but what’s coming isn’t. Goldman. Despite a sequential deceleration from last Q4, year-over-year real GDP growth came in at 5.4% in Q1, higher than consensus expectations. With exports jumping 12.4% yoy, industrial production climbing 7.7% yoy, and retail sales rising
The post Iron ore hopes return appeared first on MacroBusiness.
Aussie retail sales have been structurally weak, falling in per capita terms over the past two years. Discretionary ‘brick-and-mortar’ retailers have suffered the most, losing market share to online giants such as Amazon, Temu, and Shein. Amazon joined the Australian market in December 2017 and has quickly expanded its presence. Amazon Prime offers competitive pricing
The Climate Council claims that Australians are paying $30 billion more on insurance than they were a decade ago, while premiums have risen at more than twice the average rate of inflation over that time. Insurance companies have incurred losses averaging $4.5 billion a year over the past five years due to extreme weather events,
It's very hard to focus on Australian politics when the world keeps getting tipped off its axis like this.
But with voting now having commenced at pre-polling stations around Australia, let us not overlook the historic, all-Australian union that was consecrated on Tuesday morning.
Australia offers some of the world’s most generous post-study work rights for international students, as illustrated in the table below. These generous post-study work rights are coveted by “students” from South Asia, who value post-study work rights and opportunities for permanent residency above most other factors. Australia has experienced an explosion in graduate (485) visa
Via S&P comes the Aussie flash PMI. Flash Australia PMI Composite Output Index(1): 51.4 (Mar: 51.6). 2-month low. Flash Australia Services PMI Business Activity Index(2): 51.4 (Mar: 51.6). 2-month low. Flash Australia Manufacturing Output Index(3): 51.5 (Mar: 51.8). 2-month low. Flash Australia Manufacturing PMI(4): 51.7 (Mar: 52.1). 2-month low. Data were collected 09-17 April 2025
While there is a range of Australian war poetry, much of the poetry associated with Anzac Day is not Australian.
The Market Ear with the setup. Chop Our base case remains intact: this market needs to heal and it will take time before we get a new direction. Expect more choppiness. Resistance levels: 5450 (21 day), range highs at 5550. Note the 50 day still way higher, currently just below 5700. Support around the 5100
The post Stocks rally as the ‘Trump puts’ roll in appeared first on MacroBusiness.
DXY finds a footing. AUD rocket flamed out. Lead boots going nowhere. Gold flame out, oil stable. Copper is a lunatic. Miners still stuffed. EM going nowhere forever now. Junk not priced for recession yet. Yields still tending to rise. Stock chop. Everybody is selling the whimpering greenback. More than stocks. Way more than yields.
The post Australian dollar jaws open wide appeared first on MacroBusiness.