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Macquarie outlines the commodities most likely to slump or soar in the period ahead

Thomas Cain/Getty Images If you’re looking for the commodities that are likely to sink or soar in the coming years, the charts below from Macquarie Bank may be of some interest. The first shows the expected price movement for a variety of major commodities over the next year. Macquarie Research Macquarie says the main themes over this period will be […]

BAML explains why the RBA is unlikely to cut the cash rate

myLoupe/Universal Images Group via Getty Images Financial markets, collectively, now see 25 basis point cut in the RBA cash rate as an even money bet by November this year. BAML’s Australian economics team say that while the case for interest rate hikes has diminished, equally, the bar for further policy easing remains high. It says a reversal of strengthening labour […]

MAPS: The vast heatwave that will touch almost all of Australia this week

Mark Kolbe/Getty ImagesSunrise in Sydney. It has been a hot summer in many parts of Australia, and it’s far from over. Hot air has been sitting over the Pilbara mining country in Western Australia for weeks, and now it is starting to move east. The Bureau of Meteorology updated its forecasts yesterday for the heatwave that has enveloped much of […]

Iron ore prices move higher as steel markets strengthen

Kevin Frayer/Getty Images Iron ore spot prices edged higher on Friday following two days of losses. The price for 58% fines rose to fresh multi-year highs, narrowing the discount to the benchmark price to the smallest level since August 2017. Chinese steel futures rose on Friday, helping to support sentiment across the broader bulk commodity complex. Iron ore spot prices […]

The Australian dollar is still climbing

TPG/Getty Images The Australian dollar continues to climb, helped by strength in the Chinese yuan. The USD/CNY fell to the weakest level in nearly six months on Friday, assisted by ongoing optimism towards US-Sino trade negotiations. The Brisith pound is likely to remain volatile ahead of a key Brexit deal vote in the UK House of Commons on Tuesday. The […]

Australian retail sales receive a boost from Black Friday sales

Scott Barbour/Getty Images Australian retail sales improved in November, boosted by Black Friday and Cyber Monday sales held late in the month. Non-food sales increased by 0.6%. This is regarded as being a better guide on discretionary spending patterns. Online retail sales accounted for 6.6% of total sales during the month, the highest level on record. In 2017, sales brought […]

A Sydney schoolboy has died following an avalanche in Austria

Bergrettung St.Anton am Arlberg/ FacebookThe Austrian rescue team at the site of the incident. A Sydney schoolboy has died after being buried by an avalanche while skiing in Austria. The incident occurred in St Anton am Arlberg on Wednesday afternoon, local time. The 16-year-old was skiing off-piste with his family at the time. reports, the snow from the avalanche buried […]