Yesterday
- Opinion
- Quantitative easing
Market gyrations reflect fears about the unwinding of QE
Bountiful free money is not a “normal” state of affairs, and the sooner investors realise this the better. And that includes central bankers.
- Gillian Tett
This Month
Market panic risks dragging down global growth, economists warn
Analysts say economies in the US and elsewhere are not “nosediving”, but they flag the threat of “self-fulfilling” investor jitters.
- Delphine Strauss
- Opinion
- Opinion
Shouldn’t the world thank China for producing too much stuff?
If trade policy were about consumers, the US and EU would thank China for its cheap EVs, batteries and solar panels and its contribution to lowering carbon emissions.
- Gary Hufbauer
July
China factory activity shrinks for third straight month
The official PMI index hit 49.4. The gauge has stayed below the 50-mark separating growth from contraction for all but three months since April 2023.
- Updated
- Shinjini Datta and Zhu Lin
- Analysis
- China
China’s low-tech manufacturers hanging on by their fingernails
China is shifting more to high-tech and EV manufacturing as its clothing, toy and furniture factories struggle against anaemic orders, trade restrictions and competition.
- William Langley
- Opinion
- Trump's White House
What is Trumponomics 2.0, and how will Australia manage it?
Some of Donald Trump’s new economic plans may help Canberra. Most of them will leave us more alone in increasingly volatile world markets.
- Susan Stone
We don’t know when rates will be cut again, ECB says
European Central Bank chief Christine Lagarde says the question of an interest rate cut in September is “wide open”, and dependent on data.
- Hans van Leeuwen
- Opinion
- Chanticleer
How to play higher interest rates for longer in equities
Our super funds made two things clear: rates are likely to be higher for longer and equities are back in fashion. We ask some stock pickers to name their calls.
- Anthony Macdonald
- Opinion
- Review
Why Europe is becoming poorer than America
Oversized governments in Britain and on the Continent have crushed productivity growth, allowing US incomes to grow twice as fast.
- Ruchir Sharma
- Opinion
- Populism
When the numbers just don’t add up
MAGA in the US and National Rally in France are both making voters big economic promises, but their ideas have some massive holes, writes Paul Krugman.
- Paul Krugman
China’s home sales downturn slows after cities ease policy
The turn in the trajectory of new home sales may offer some relief for China’s economy, which is on track to undershoot the official growth target this year.
- Jeanny Yu and Tian Ying
June
France’s election could trigger market shockwaves, BoE warns
The Bank of England’s alert comes before Sunday’s first round of voting. Polls now show the populist right potentially closing in on a parliamentary majority.
- Hans van Leeuwen
China’s ‘Summer Davos’ highlights corporate anxiety over tariffs
A surge of cheap exports and industrial production supported by the government has propelled China’s economy this year. That’s prompted a pushback from trading partners.
- Katia Dmitrieva and Lucille Liu
- Analysis
- China
China’s unhappy consumers have even given up on shopping sales
E-commerce sales declined for the first time during the “618 festival” this year, reflecting pressures on retailers already locked in a gruelling price war.
- Casey Hall
ECB, Le Pen call for calm on turmoil-hit French markets
France’s stock and bond ructions eased after the European Central Bank counselled calm, and Marine Le Pen sought to reassure spooked investors.
- Updated
- Hans van Leeuwen
World is looking ‘more like the 1930s’, Future Fund warns
Australia’s sovereign wealth fund chief is reshaping its $200b portfolio as global risks hit a 50-year high.
- Jonathan Shapiro
China’s broken housing market and a generation ‘lying flat’
While wallets were open at last weekend’s national Dragon Boat Festival, Chinese consumers are still not spending enough to get the economy out of its housing hole.
- Jessica Sier
Why peacetime will be a problem for Putin’s banker
For Elvira Nabiullina, head of Russia’s central bank, demilitarisation could trigger the economic meltdown she’s worked so hard to prevent.
- Kate de Pury
Argentine Senate passes Milei reform bill as protests rage outside
The bill is key to overhauling an embattled economy, and includes plans for privatising public firms, granting special powers to the president and spurring investment.
- Nicolás Misculin and Eliana Raszewski
China’s mild inflation fails to quell fears over weak demand
May inflation figures point to a mixed picture for the economy as domestic consumption picks up slightly.
- Zhu Lin
