Summary: The continued decline in lithium prices has forced global lithium giant Albemarle Corporation to adjust its strategy, abandoning its expansion plans in Australia. The plummeting prices have led to the shutdown of small, high-cost miners. Despite this, Australia continues its expansion efforts, intensifying downward pressure on lithium prices.
Summary: Progress has been made toward Japan's 2% inflation target amidst a tightening labor market. The Bank of Japan (BOJ) noted that wage and price increases may exceed expectations, with more companies raising prices in April. The key focus is on the changes in October. Inflation is expected to stabilize at around 2% in the coming years.
Summary: Sydney house prices continue to rise, with overall growth slowing but the issue of tight housing supply remaining unresolved. Domain data shows significant increases in various regions, with Burwood leading at 35.8%. Buyers are turning to outer suburbs to avoid pressure, and experts are calling for tax reforms to balance the market.
Summary: Australia's business conditions in June were poor, with a bleak employment outlook, but cost pressures eased and business confidence improved. NAB's survey indicates a drop in price pressures, with the Reserve Bank of Australia maintaining interest rates, remaining cautious about inflation risks.
Summary：Australia's finances are improving, on track for a high budget surplus, but may turn to deficit in the future. The central bank meeting is approaching, the market predicts a rate hike, but economists expect interest rates to remain unchanged. Australia and the U.S. monetary policy is different, the U.S. may first cut interest rates to deal with inflation.
Summary: The Bank of Japan is expected to lower its economic growth forecast in July, although GDP may decline slightly, but based on the view that the economy is recovering moderately, the GDP forecasts for fiscal years 2025 and 2026 are unchanged. Inflation is expected to stabilize, and the possibility of a rate hike becomes more likely this month.
Summary: Australia's surge in immigration has led to a tight rental market and record high rents. As net migration rises to 548,800 by September 2023, average rents across the country reach A$627, with some regions seeing increases of more than 10%.
Summary: New orders for Australian manufacturing rebounded after a slow start to the year, but theoutlook remains challenging. Andrew Mckellar calls for productivity issues to be addressed as manufacturers' sentiment on the outlook for the next six months improves slightly but remains pessimistic amid slowing demand improvement and rising costs.
Summary: With the start of the new fiscal year, a number of new policies have come into effect in Australia.
Summary：In May, the unemployment rate in Australia dropped to 4%, and the number of employed people increased to 14.3556 million, a month on month increase of 0.3%, with an annual growth rate of 2.5%. An increase in sick leave leads to a decrease in working hours. The total population has risen to 26.97 million, mainly due to net immigration. The labor market remains tense
