Global oil prices fell to around $US60 per barrel last week after peaking above $US80 earlier this year and holding above $US70 just before “Liberation Day”. The oil price was down by around 25% from the previous year and was half the towering peaks achieved in early 2022. The downturn reflects fears about the global
The cottagecore, romantic path to starvation and environmental breakdown.
By George Monbiot, published in the Guardian 7th May 2025
Goldman with the note. Our Thoughts on USD, CNY, USD/Asia, JPY, GBP, CHF, RON & Globa Asset Reallocation USD: Smile, big and wide. There are two themes running through macromarkets. First, and a bit more structurally, investors are conscious that the resilience in hard data thus far is not surprising, but still believe it will
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Here it is. Australia’s Magnificent One. Considered by the market to have better growth prospects than Apple, Alphabet and NVIDIA, and fast catching Microsoft. The CBA’s spectacular rise as the Maginficant One is out of step with its sector. And has no basis in its operational performance. My best guess is the CBA is enjoying
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China data over the weekend should encourage nobody. Goldman. China’s export growth remained solid in April despite the implementation of US reciprocal tariffs, significantly above the consensus expectations, and import growth also surprised to the upside (exports: +8.1% yoy, imports: -0.2% yoy). The resilient export growth was partly due to a low base last year.
Australian households have suffered one of the largest declines in real disposable incomes in the developed world. The Q4 2024 national accounts from the Australian Bureau of Statistics (ABS) showed that real per capita household disposable income had declined by around 8% from its mid-2022 peak, the sharpest decline on record. The ABS released its
This is amusing. AFR. Treasurer Jim Chalmers has warned that fixing Australia’s flatlining productivity will require a third term of government, as he ruled out accepting every proposal that will arise from a crisis review into the problem that he commissioned before the election. It will take Treasurer Chalmers an infinite number of terms to
The Market Ear on the rally. Mind the gap between the bearish flow and the price Hedge fund bearishness continued this past week with about 1z net selling across regions. HF net leverage also remains quite low – at 2nd %-tile on 12m basis for Eq L/S funds and 30th %-tile on 5yr basis for them.
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Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please.
I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here.
Remember, gas often sets the price of electricity in the wholesale market, so this debate is immense. The Australian. A sweeping review of Australia’s east coast gas market slated to begin in mid-2025 is shaping up as the economy’s last realistic chance to avert a looming energy crisis that industry leaders say could have widespread
New Zealand’s unemployment rate rose to 5.1% in Q4 2024, up from 4.8% in Q3 2024. In comparison, Australia’s unemployment rate was 3.9% in Q4 2024 (4.1% in March), the widest gap since Q3 2012. The latest SEEK employment also shows that the number of job ads in New Zealand has fallen heavily from the
The post Australia plunders workers from New Zealand appeared first on MacroBusiness.
Throughout this week, and perhaps the next, I will be posting booth maps for interesting seats, or clusters of seats. I will be doing this while also tracking the election results as seats continue to be called. But these maps generally just show the ordinary election day votes, so shouldn’t change much, outside of corrections.
For today’s post I’m starting in the inner north of Melbourne. There are three seats in this area that were Labor vs Greens contests this year: Melbourne, Wills and Cooper.