French President Emmanuel Macron has warned that the international community must act to prevent Iran from leaving the Treaty on the Non-Proliferation of Nuclear Weapons (NPT), which prohibits it from acquiring nuclear weapons.
Wind generated power now comprises a substantial proportion of Australia’s electricity supply. As of September 2024, Australia had an installed wind capacity of approximately 13.3 GW. Wind power accounted for 13.4% (or 31.9 TWh) of Australia’s total electricity generation in 2024. The Albanese government aims to generate 82% of Australia’s electricity by 2030 from renewable
The Market Ear with the charts. Teflon tech NASDAQ getting overbought, but things can stay overbought for longer than most think possible, especially when the golden cross is in place… We outlined the melt up logic early this week and pointed out the fact investors are running way too little risk. Underexposure remains an issue
The post Into the blowoff appeared first on MacroBusiness.
Victoria’s financial situation is dire, as projections indicate that the state’s debt will increase from $155.5 billion to $194 billion by FY29. Victoria’s per capita debt, already the highest in the nation, is projected to rise from $21,900 currently to $25,500 in FY29. Ratings agencies have warned that they will downgrade Victoria’s credit rating, which is
According to the ABS, Australia continues to experience unprecedented labour demand. The problem is that the index is the worst available. Private measures are far below and heading back into the lowflation period. Goldman explains the ABS rubbish measure: Structural trends such as lower advertisement costs and a shift to more temporary positions tend to
As the risks of a downward glide path for elements of China’s industrial economy continues to become clear, the risks for Australia’s economy and in particular state and federal Treasury outlooks are becoming increasingly apparent. So far the hole left in China’s iron ore consumption left by the dramatic decline in the residential property sector
Global reflation ahoy! DXY down. AUD up. Lead boots up. Gold’s stall is signalling DXY may be running out of downside soon. Metals reflation. Miners up for a day. EM breaks out. Junk breaks out. Yields melting down. Stocks melting up. Buy all the things. Except DXY and European stocks, apparently. The market loved the
The post Australian dollar joins buy everything party appeared first on MacroBusiness.
The three-candidate-preferred (3CP) count has become a topic of more interest in recent elections because of close races where the dynamic of who makes it into the top two can decide who wins. But it’s also an interesting statistic which can tell us more then is revealed by the two-party-preferred vote, while being a bit simpler than primary vote statistics. So for this post, likely my final post analysing the 2025 federal election, I look at who made the 3CP where, and explore the dynamics of three of the most common 3CP combinations seen across Australia.
There’s no greater example of the disconnect of stock markets with economic reality with Wall Street surging overnight to almost historic highs on the back of a worsening Q1 GDP print and signs that Q2 will show the number 1 economy is in a full recession. What is reflecting reality are currency markets with the
The post Macro Morning appeared first on MacroBusiness.
These thoughts come to you from a bomb shelter underneath my hotel. My mobile tells me another one of Vladimir Putin’s ballistic missiles is headed our way.
I tell you this not for the drama, but to remind you that this is no longer a novelty for millions of Ukrainians.