Economics

ESG developments have taken center stage this week, with significant events shaping the landscape of climate action, corporate responsibility, and market performance.

The July jobs data, revealing a surge in unemployment and a decline in new job creation, is poised to be seized upon by market observers with a penchant for interpreting every hint of weak data as a precursor to recession.

Concerns over the impact of China's property market turmoil intensify as Zhongrong International Trust, a major wealth manager in China, confirms a string of missed payments on financial products sold to investors across the nation.

The bad news about China’s embattled property sector keeps on coming, with major player Country Garden struggling to remain solvent, investment sliding again in July, and the first fall in house prices recorded last month for this year.

US interest rates are anticipated to remain elevated for an extended period following the surprising surge in July's retail sales, which exceeded expectations.

Shares in US banks experienced a drop on Tuesday following indications that the Fitch ratings group might follow rival agency Moody's in downgrading the credit ratings of several American banks, including industry leader JP Morgan.

The weak final data dump for July from China’s National Bureau of Statistics easily explains why the country's central bank popped up with a surprise rate cut, the second in three months on Tuesday.

No wage price-spiral for economists, the Reserve Bank, and business media to obsess over after the Wage Price Index for the June quarter of 2022-23 eased from the level in the three months to March.

The integration of AI into business processes is sparking a race to reshape workplaces and tap into significant investment opportunities that could yield substantial gains over the next decade.

A new crisis enveloped the beleaguered Chinese property developer, Country Garden, leading to a sell-off in Hong Kong shares on Monday.

The Panama Canal, which connects the Atlantic Ocean with the Pacific Ocean and divides North and South America, is grappling with an unprecedented traffic jam as the number of vessels waiting to cross has surged to a staggering 154.

The Australian reporting season for June 30 is picking up steam this week, with over 60 ASX 200 companies set to release their final or interim results.

China's economic landscape has raised alarms for a second consecutive week, prompted by last week's dismal trade data and confirmation of a slide into deflation.

Commodities are poised to undergo another round of scrutiny driven by China's economic data, marking a second week of potential challenges. The forthcoming final reports on retail sales, employment, investment, and production, coupled with updates on the ailing property sector, are highly anticipated. The backdrop of last week's startling declines in exports, imports, and deflation has left economists and analysts on edge, particularly with the spotlight on the vulnerable property giant, Country Garden.

The crunch in commercial real estate is rippling across Australian property, banking, and investment sectors.

Chinese e-commerce titan Alibaba has unveiled an unexpected surge of 14 percent in year-on-year quarterly sales, defying recent economic challenges and deflationary pressures.

As the US prepares to unveil its Consumer Price Index (CPI) report for July at 10:30 PM on Thursday AEST, economists and analysts are voicing their expectations for the upcoming data release. Here's a roundup of what experts are forecasting:

With expectations of a global recession caused by unprecedented interest rate increases, sentiment towards listed global real estate has soured. But what if there are other nuances at play, and the market is creating long-term opportunities for savvy investors?

In the realm of predictions, the future remains uncertain, yet that didn't deter Elon Musk, the CEO of Tesla and SpaceX, from making a rather striking forecast recently. Musk predicted that the demand for electricity in the United States would triple by around 2045, largely due to the widespread adoption of electric vehicles.

Moody's, the sole major rating group maintaining Australia's AAA credit standing after Fitch's recent downgrade to AA+, has shifted its focus onto the credit ratings of Australian banks. On Monday night, Moody's delivered its verdict, revealing its concerns about the sector.

The Diggers and Dealers Mining Forum, an annual event that brings together industry leaders, investors, and experts in the mining sector, was held for the 32nd time in the historic goldfields town of Kalgoorlie. This year's forum was marked by the presence of 2,500 delegates representing nearly 1,000 companies.

FY23 once again reinforces the old adage that "the stock market is not the economy" as the ASX All Ordinaries rose 14.8% despite a plethora of macroeconomic events.