A new FY brings new hope. S&P with the note. Flash Australia Composite PMI Output Index: 53.6 Index, sa, >50 = growth m/m % qr/qr (Jun: 51.6) Flash Australia Services PMI Business Activity Index: 53.8 (Jun: 51.8) Flash Australia Manufacturing PMI: 51.6 (Jun: 50.6) Flash Australia Manufacturing PMI Output Index: 52.3 (Jun: 49.9) “July’s S&P
Last week, Jobs and Skills Australia (JSA) released data showing that employers are having a far easier time finding workers to fill roles. As illustrated below by Justin Fabo from Antipodean Macro, the overall share of employees finding it difficult to find workers has almost returned to pre-pandemic levels. While higher-skilled workers remain harder to find,
Thank god for the liar from the Shire. AFR. Two US congressmen leading a committee looking at Chinese expansion in the Indo-Pacific have thrown their support behind the AUKUS nuclear-powered submarine pact, just a day before a hearing in which former prime minister Scott Morrison will testify. “AUKUS has received strong bipartisan support from Congress
Join us this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen, explores where income investors should look as Australian interest rates appear set to fall. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is powered by Nucleus
In this week’s podcast, Nucleus Wealth’s Chief Investment Officer Damien Klassen explored where income investors should look as Australian interest rates appear set to fall. View the presentation slides Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is Chief Investment Officer at the Macrobusiness Fund, which is
You have to love the pretense of Westpac economist Pat Bustamante in The AFR: The mining industry delivered more than 50% of the increase in living standards over the past two decades, as measured by gross national income per person, according to a new report by Westpac. But an expected continued decline in commodity prices
The Australian Financial Review’s John Kehoe has published an extraordinary report, based on analysis from the Centre for Independent Studies (CIS), showing that spending by federal and state governments on initiatives such as the NDIS, aged care, and child care has reached its highest level since World War II. As a result, more than half
In recent months, media coverage surrounding the impact of AI on the labour force has increasingly featured anecdotes of companies across multiple industries scaling back hiring for entry-level positions, as they attempt to utilise AI to fill these roles. For the most part, the evidence of this shift has been largely contained to personal accounts
Iron ore is always crazy, but it has been outdoing itself in recent weeks. Is that the top? In the short term, we’re still waiting for new yawnulus so maybe, maybe not. It is at the level that will drag in Indian exports, so in the slightly less than short term, yes. Chinese steel output
Japan has been a key security ally of the United States for seven decades and a vital partner in US efforts to counter an increasingly assertive China. Still, the Trump administration has ignored this historical relationship and extracted its ‘pound of flesh’ from Japan on trade, as reported by the Australian Financial Review’s Jessica Sier.