ASX News LIVE | XJO Down, Treasury Yields Hit 16-Year High as Market Braces for Fed Meeting
ASX 200 falls at open. US Treasury yields hit 16-year high as market braces for US Fed decision. Aussie manufacturing sector pessimistic.
Macroeconomic News: Insights into Economic Trends and Developments
Don’t Be Blind to the Danger Ahead
Seeing the future requires us to open our eyes. As best we can, we have to try to sort out the real from the unreal. Being told you can cure a debt problem with more debt, this is not real…it’s in the realms of fantasyland. Yet, plenty of people have bought (or, more to the point, borrowed) into this carefully orchestrated version of ‘reality’. The higher markets go, the more blinded people are to what’s really happening…
California Dreamin’
The US has been slipping in the international ratings for at least 20 years…and by some measures, for more than 50 years. The US share of world GDP, for example, has been cut in half, from around 40% in 1960 to barely 25% today.
ASX LIVE | XJO to Fall; Wall St Flat Awaiting Fed Call Tomorrow, New Hope Net Profit Up 11pc
ASX 200 Futures point to a fall in the XJO this morning. New Hope FY23 results show NPAT up 11%, while Orica raises climate targets for 2030. Wall St finished flat overnight as it awaits the critical decision by the Fed, due Wednesday night AEST.
ASX LIVE | XJO to Fall; Wall St Flat Awaiting Fed Call Tomorrow, New Hope Net Profit Up 11pc
ASX 200 Futures point to a fall in the XJO this morning. New Hope FY23 results show NPAT up 11%, while Orica raises climate targets for 2030. Wall St finished flat overnight as it awaits the critical decision by the Fed, due Wednesday night AEST.
ASX LIVE | ASX Drops Following Wall St Weakness; New RBA Head’s First Day
XJO is set to slip today after a weaker end to Wall St on Friday as investors await the Fed’s interest rate decision on Wednesday. Oil continues to climb, with Brent crude reaching US$93.97/pb.
