Inflation, metals, the AUD, Life360 and Develop Global
The release of ABS inflation data increased the risk of the RBA raising interest rates. The data cemented the view that inflation is persistent and needs policy intervention.
China’s slowing GDP, Origin Energy – Kraken Technologies and Aurelia Metals
China’s announcements this week of slowing GDP growth, very weak population growth, and a sharp fall in births reinforce a broader concern that macro risks in China are rising, not stabilising. While headline growth remains positive, the underlying composition of that growth is deteriorating. Debt is rising faster than income, domestic demand is weak, and the economy appears increasingly reliant on external surpluses rather than internal dynamism.