Following the release of the monthly CPI for August, headlines about skyrocketing electricity prices began to circulate, highlighting the 24.6% year-on-year increase in electricity costs. While that is certainly true as measured by the CPI, the reality is quite a bit more complicated, and the headline rise in power prices is going to worsen significantly
In the early 2010s, the federal Labor government made the disastrous decision to allow the export of liquefied natural gas (LNG) from Queensland without forcing gas companies to first supply Australians. Gary Grey, the then-Federal Resources Minister under the Gillard/Rudd Labor governments, argued that domestic gas reserve policies create uncertainty and discourage investment. This pitted
From the Market Ear: Mighty NVDA NVDA takes out resistance levels, breaking above the consolidation that has been in place since mid July. Weak hands have been shaken out, so we could be seeing a short-term vacuum kick in… Will… …NVDA lead us higher, or ORCL lower? De-leveraging Last week we saw US Fundamental L/S
On Tuesday, the Australian Bureau of Statistics (ABS) released dwelling approvals data for July, which showed 15,624 trend approvals for the month, down 1.0% from July. Approvals remained 4,376 (22%) behind the National Housing Accord’s five-year objective of 20,000 dwellings per month. In the year to August, 189,105 dwellings were approved for construction, which was
Cotality has released its September housing market report, which contains more bad news for renters. The national rental vacancy rate has fallen to a fresh record low of only 1.4%, according to Cotality, which has driven a reacceleration in rental growth. “The national vacancy rate slipped to a new record low of 1.4% in September,
AUD/USD EUR/USD USD/JPY GBP/USD Gold WTI Brent Australia 200 US S&P 500 UK 100 Japan 225
The post Macro Afternoon: 30 September 2025 appeared first on MacroBusiness.
As expected, the Reserve Bank of Australia (RBA) has chosen to hold the official cash rate at 3.60%, in what was a unanimous decision. In arriving at its decision, the statement noted that “the decline in underlying inflation has slowed”, with “recent data, while partial and volatile, suggest[ing] that inflation in the September quarter may
On Monday, Stats NZ released data on filled jobs for August, which recorded a 0.2% monthly rise, in line with expectations. However, as shown below by Justin Fabo from Antipodean Macro, the August data incorporated chunky historical revisions, which suggest a weaker labour market starting point. The earlier reported 0.2% increase in July was revised
When then Treasurer Scott Morrison came to the Prime Ministership in 2018, he did so as something of a compromise candidate. In the first leadership spill held on August 21, then-Prime Minister Malcolm Turnbull defeated challenger Peter Dutton 48 votes to 35. This led to the now-infamous jab at Dutton that he was unable to
The explosion of artificial intelligence has triggered one of the largest capital expenditure booms in history. Trillions of dollars are being poured into building and upgrading data centres, which now sit at the heart of the global economy. Understanding their underlying economics—cost structures, pressure points, and investment implications—is becoming essential for investors and policymakers alike.