Labor launched its Powering Australia Plan in late 2021, promising to reduce National Energy Market (NEM) wholesale power rates by $11 per MWh, from $62 to $51, by 2025. Labor boasted that its Powering Australia Plan would save Australians $275 on their residential electricity bills by 2025 and $379 by 2030. The Australian revealed that
Asian share markets are all in the green as concerns over Trump’s tariffs dissipate while the BOJ hawks are out spruiking more rate hikes, sending Yen higher against everything. In fact currency markets are now back above their pre-Canadian/Mexican blank fire tariff shots with the Australian dollar also enjoying a push higher to almost cross
Statistics New Zealand released the Q4 Labour Force Survey this week, revealing that employment fell over the quarter and the unemployment rate hit a 4-year high of 5.1%. New Zealand employment fell 0.1% in Q4, the second consecutive quarterly decline, to be 1.1% lower than a year ago. Overall, the New Zealand economy shed a
I’m sorry for the satirical headline. This is a serious issue. Australia’s last major plastics manufacturer, Qenos, closed in 2024 due to high energy costs. Now, Australia is wholly reliant on imported plastics from China. This week, Australia’s only architectural glass manufacturer, Oceania Glass, collapsed after 169 years of operation. Oceania Glass was Australia’s sole
Chalk up another win for El Trumpo. President Trump is preparing to issue an executive order Wednesday effectively banning transgender girls and women from participating in female sports events in schools and colleges, fulfilling a promise that fuelled his campaign for the White House. I love a good man/woman. There’s a dude/sheila at my local Bunnings with a mighty
Charlie McElligott at Nomura today on the resilience of stocks. Trump doing the dance on Tariffs (exploiting oscillating periods of market calm to inject volatility—and vice versa—which will continue into each month’s escalations), but the statement of intent is there: Structurally, he has a desire to rebalance global trade with the U.S.,reverse / reduce the
It would be hard to do a podcast on anything other than tariffs… Join us in this week as Nucleus Wealth’s Chief Investment Officer, Damien Klassen and Chief Strategist, David Llewellyn-Smith, discuss the what, how, who and why. Can’t make it to the live series? Catch up on the content via Podcasts or our recorded Videos. Damien Klassen is
Goldman with the note. After signing orders imposing new tariffs on Canada, Mexico, and China, President Trump delayed the Canada and Mexico tariffs until March 4. We think a further extension is likely, but the tariff risk for both countries is likely to remain until at least the conclusion of the USMCA review slated for
Victoria has the nation’s highest per capita net debt and the lowest credit rating. Victoria’s net debt is also projected to increase over the forward estimates. The growth in Victoria’s net debt is forecast to dramatically increase the amount of taxpayer money spent on interest payments. A new analysis from leading global ratings agency S&P,
This time John Kehoe at the AFR, who MB likes sometimes because he’s more honest about immigration, but is like his rotten fishhead boss when it comes to politics. If the RBA does bow to the weight of market and political pressure to immediately lower interest rates, Bullock should indicate that only two or three