“The front-month contract is currently trading at around USD67\/bbl, and we anticipate price declines in Q4, as supply rises and robustly outpaces demand.<\/p>\n
“Fundamental market weakness will spill over into the new year, before softening production growth and an acceleration in global economic activity support a partial recovery in Brent in H2 2026.”<\/p>\n<\/blockquote>\n
58m agoTue 2 Sep 2025 at 10:32pmA weaker US greenback could push the Aussie dollar even higher, says NAB currency strategist![\"David](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/lcimg-b66ce72d-29b3-4a93-9314-8dc821cb619d.jpeg\")
<\/p>\n
It’s been quite a bad year for the US dollar, which has lost almost 10% of its value since the year began.<\/p>\n
On the flip side, the weaker greenback has helped to push the Australian dollar higher (up 5% since January).<\/p>\n
NAB’s senior FX strategist, Rodrigo Catril, predicts the local currency could reach 68 US cents by the end of the year <\/b>(its highest level since September 2024).<\/p>\n
Currently, it’s sitting at 65.2 US cents, so it still has a lot of distance to cover.<\/p>\n
The Business host Kirsten Aiken quizzed him about the latest in currency markets. You can listen here:<\/p>\n
Loading…1h agoTue 2 Sep 2025 at 10:18pmABS expected to confirm sluggish growth for Australia’s economy<\/p>\n
Later this morning, the Bureau of Statistics (ABS) will provide its latest figures on how the economy is performing.<\/p>\n
NAB’s senior FX strategist Rodrigo Catril is, however, a little more negative than the consensus.<\/p>\n
\n“NAB\u00a0leaves its Q2\u00a0GDP\u00a0forecast unchanged at 0.3% qoq<\/b> and 1.4% yoy<\/b>, below the RBA\u2019s August Statement on Monetary Policy forecast of 0.5%\/1.6%,” Mr Catril wrote in a note to clients.<\/p>\n
“The outlook is supported by firmer consumer momentum, as evidenced by strength in consumer-facing real total sales and solid growth in travel imports, but public demand remains a drag after being a key support through 2024.”<\/p>\n<\/blockquote>\n
We’ll let you know about the GDP (gross domestic product) figures after the ABS publishes them at 11:30am AEST \u2014 and we’ll break down what it says about Australia’s economic health. Stay tuned!<\/p>\n
1h agoTue 2 Sep 2025 at 9:47pmShare prices go wild during volatile ASX earnings season<\/p>\n
The Australian share market has experienced its most volatile reporting season.<\/p>\n
It was marked by huge gains (and falls) in the share price of Australia’s biggest companies, including Commonwealth Bank, CSL, Woolworths, James Hardie and Qantas after those companies reported their financial results.<\/p>\n
Some market analysts say the ASX is overvalued and if earnings don’t improve significantly, it could lead to a “reality check” at some point.<\/p>\n
By that, they mean a “correction” or significant falls on the market. Though it’s impossible to predict when that might happen (it could be a while)!<\/p>\n
Here’s my latest story on The Business. It’s well worth your time (in my humble opinion).<\/p>\n
Loading…1h agoTue 2 Sep 2025 at 9:46pmASX to slip, Wall Street falls after US court rules against Trump tariffs<\/p>\n
Good morning and welcome to the ABC’s finance blog! I’ll be your guide for the next few hours.<\/p>\n
The local share market is expected to open modestly lower, with ASX futures <\/b>pointing to a 0.4% fall\u00a0<\/b>in morning trade.<\/p>\n
The Australian dollar <\/b>is also feeling the gloom, after slipping 0.7% to 65.1 US cents<\/b>.<\/p>\n
It comes after a downbeat session on Wall Street<\/b>, which reacted badly to news on Friday (local time) that a US appeals court had found most of Donald Trump’s <\/b>global tariffs to be illegal.<\/p>\n
The U.S. Court of Appeals for the Federal Circuit (in a 7-4 ruling) decided that only Congress has the power to apply sweeping import taxes.<\/p>\n
Unsurprisingly, the US President decried the judgment as “Highly Partisan” and said he would file an appeal to the Supreme Court.<\/p>\n
The Dow Jones index fell 0.6% to 45,296 points, while the S&P 500 dropped 0.7%, to 6,416 points and the Nasdaq Composite lost 0.8%, to 21,280 points.<\/p>\n
Another sign of investor nervousness could be seen in the price of gold<\/b>, which hit a new record high.<\/p>\n
The precious metal’s spot price surged 1.6% to $US3,532 an ounce.<\/p>\n
Anyway, sit tight, drink some coffee (or tea) and I’ll have more updates for you shortly.<\/p>\n","protected":false},"excerpt":{"rendered":"1h agoTue 2 Sep 2025 at 9:46pmMarket snapshot ASX futures: -0.4% to 8,843 points ASX 200 (Tuesday close):…\n","protected":false},"author":2,"featured_media":339560,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[3384,1032,51,3381,14408,327,2441,976,2661,3582,14413,16,15,53393,2413],"class_list":{"0":"post-393111","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-asx","9":"tag-aud","10":"tag-business","11":"tag-dollar","12":"tag-dow-jones","13":"tag-gold","14":"tag-markets","15":"tag-nasdaq","16":"tag-oil","17":"tag-sp","18":"tag-sp-500","19":"tag-uk","20":"tag-united-kingdom","21":"tag-usd","22":"tag-wall-street"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/115137314087777977","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/393111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=393111"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/393111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/339560"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=393111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=393111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=393111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
![\"A](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/lcimg-fe57c65c-5d2b-4dd2-b3a6-557ae71c165f.jpeg\")
The UK government’s borrowing costs are at their highest since 1998.<\/p>\n![\"Michael](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/06\/lcimg-4b155f50-d1aa-4dad-99fe-239e1f9416e7.jpeg\")
<\/p>\n![\"Brent](\"https:\/\/www.europesays.com\/uk\/wp-content\/uploads\/2025\/09\/lcimg-6b8e9c1b-2d76-4983-a436-c0671290f2ff.png\")
Brent crude oil forecast for 2025 and 2026 (BMI)<\/p>\n