So says Deutsche. AUD has risen to be the second-best performer in the G10 on a trade-weighted basis since we turned long in the May Blueprint(Figure1). Our more upbeat view has reflected two key factors. 1.Fundamental support was finally turning: the worst had passed for China and broader risk sentiment, and the domestic Australian economy
The trade war is over and everything will be awesome according to US officials in the Trump regime as the EU seemingly caved in on their respective trade “deal” aka framework, which has sent the USD higher while leaving European stocks adrift in a sea of trouble. Wall Street still pushed to new record
Victoria’s financial situation is dire. Victoria has the lowest credit rating in the nation and the highest per capita state debt. The major ratings agencies have warned that unless the state gets its debt under control, then it risks further ratings downgrades. Any downgrade would ratchet up interest repayments on the state’s debt, which are
In a press conference last week, New Zealand Housing Minister Chris Bishop made the case that his nation needed to decouple economic growth from housing price increases, regardless of how challenging that may be in the short term. Bishop made the case that the Kiwi economic recovery needs to be driven by broad-based growth in
Asian share markets are generally higher after news that the Trump regime has managed to secure the framework of a “deal” with the EU, even though it looks like resulting in massive tariffs for American importers. Markets love the news because at least its the semblance of stability with Wall Street and Eurostoxx futures up
After shocking economists and holding rates steady at last month’s monetary policy meeting, the Reserve Bank of Australia (RBA) stated that it was awaiting two key pieces of data before lowering rates: the June labour force report and the Q2 CPI inflation print. The June labour force report from the Australian Bureau of Statistics (ABS)
One of Australia’s leading China grovellers, James Curran, simply can;t break out of the 1970s. In his talks with then-Chinese premier Hua Guofeng, Fraser had proposed the formation of a quadrilateral pact – comprising China, the US, Japan and Australia – to hedge against Soviet ambitions in the Pacific and Indian oceans. It never eventuated.
The State of Victoria has been living in a public service bubble. Victoria’s net debt was $22.3 billion when the State Labor government delivered its inaugural state budget in 2015. As of FY25, Victoria’s net debt has skyrocketed to $155.5 billion and is projected to rise to $194 billion by FY29. Victoria’s dire budget situation
We reported last week (here and here) how the co-founder and life member of the Australian Greens, Drew Hutton, has been expelled from the party for a series of Facebook posts and comments he made about the Greens’ pro-transgender platform. Psychologist Rachel Hannam, a former Greens member and election candidate, is facing a similar fate,
The Chinese economy remains mired in a depression. Led by the property crash, the economy is barely growing. New home sales are still terrible. Liquidity is still tight for developers. Liquidity trap! The consumer-led recovery is a joke. It appears there’s a shock underway in external demand as well. On the supply side, the economy