Market Reports

• Australian Market Report: Australia’s sharemarket has ended the day roughly where it began in a cautious session. The S&P/ASX200 slipped 2.3 points on Monday, down 0.03%, to 8729.4, as the broader All Ordinaries rose 4.8 points, or 0.05%, to 8969.8..... [more]

• U.S. Market Report: Wall Street's main indexes stayed near record levels on Monday after oil prices spiked on mounting skepticism that a ‌deal to end the three-month-old U.S.-Iran war could be reached soon, while Nvidia's latest AI push kept losses in check..... [more]

• European Market Report: European stocks closed weak on Monday amid fading hopes for a U.S.-Iran ceasefire after Iran reportedly said it will stop communications with the United States. Also, inflation and interest rate concerns rose .... [more]

• Asian Market Report: Asian stocks ended mostly higher on Monday as expectations for continued demand for semiconductors and AI-related gear offset lingering uncertainty over a possible ceasefire extension in the Middle East..... [more]

Australian Business News

• How does the ASX 200 perform in June? The market obsesses over the bearish months of May and September, but June is quietly worse, and this year's backdrop looks rather fragile..... [more]

• Australian home prices getting hit by rate hikes and tax hikes - is the super cycle over at last? Australia's property market faces a test that could reshape the next decade..... [more]

• Perth’s housing market is continuing to defy expectations deep into 2026, with property values surging even as compounding external stressors weigh on markets. New data from Cotality shows Perth dwelling values jumped 1.5%.... [more]

• National home values flatline in May for the first time since January 2025.... [more]

• These overvalued stocks are probably in your portfolio. The structure of the ASX has also become incredibly hard to ignore. With over 50% of the ASX 200 residing in the financials and mining sector.... [more]

• FinCap has unveiled a co-investment offering that will package private equity and real estate opportunities into time-limited allocations, giving financial advisers, family offices and wholesale investors direct access to single-asset private market deals..... [more]

• Greatland Resources lands $500m as it advances Havieron FID.... [more]

• While the latest drill results from FMR Resources and Southern Hemisphere Mining’s Southern Porphyry joint venture in Chile may not have delivered headline-grabbing grades, they have provided something potentially just as valuable.... [more]

• Argonaut tips 113% upsidefor Geopacific on back of Woodlark DFS.... [more]

• Chinese fast-fashion giant Shein and Australian powerhouse retailer Kmart have fired back at Queensland fashion brand Sabo Skirt, claiming designs they were accused of copying were not original..... [more]

• Nick Scali Shares Upgraded to Buy, As Target Slashed: Analyst Cites Valuation.... [more]

• Memphasys (ASX:MEM) has added to its global expansion with the signing of an exclusive commercialisation agreement with TMSC Vietnam for the sale and distribution of its unique Felix System..... [more]

• KPMG faces first major client loss from whistleblower scandal. Lendlease is poised to end its 68-year audit relationship with embattled consulting group KPMG.... [more]

• Australia has its highest number of billionaires on record, at 178 — an increase of 17 from last year — with total wealth exceeding $686 billion, analysis by Oxfam has found..... [more]

• Wealth of Australian billionaires grows $50k-a-minute in 2025.... [more]

• Opinion - Stephen Bartholomeusz: Trump’s war is starting to strangle the world. The impact of the global energy shock sparked by the war is starting to hit economies. And there is more pain coming..... [more]

• Comment - Mark Verhoeven: Why Australia's new capital gains tax changes could reshape how ASX investors build wealth. Here is what it means for ASX investors..... [more]

World Business News

• U.S. manufacturing activity increased more than expected in May, hitting the highest level in four years, likely driven by businesses front-loading orders amid rising prices and shortages because of the war with Iran..... [more]

• Trump plans to appeal order allowing all importers that paid struck-down tariffs to seek refunds..... [more]

• AI giant Anthropic has ​confidentially filed for a U.S. initial public offering, the company said on Monday, edging ahead of rival OpenAI in a closely watched race to reach public ‌markets..... [more]

• Florida sues OpenAI, alleging it’s unsafe for children.... [more]

• Intel and AMD shares fall as Nvidia sets its sights on a new market.... [more]

• Barry Diller’s People Inc. has offered to buy casino giant MGM Resorts for $48.30 per share in cash. MGM is the company behind major Las Vegas properties including Bellagio and Aria..... [more]

• Berkshire Hathaway (BRKa.N), agreed ‌to buy Taylor Morrison Home Corp (TMHC.N), for $6.8 billion in cash, expanding the conglomerate's housing business in Greg Abel's first multi-billion-dollar acquisition.... [more]

• McDonald's revamps growth strategy amid fast-food competition.... [more]

• Nearly 1,000 workers at a Michigan supplier plant that makes parts for General Motors pickup trucks went on strike Monday after not reaching a new contract with the company..... [more]

• Canada's economy posted a surprise contraction in the first quarter versus the year before, making it two straight ‌quarters of annualized decline - which some economists call a technical recession.... [more]

• Venezuela's oil exports rose to 1.25 million bpd in May, shipping data shows.... [more]

• ‘Catastrophic for creative industries’: Brexit barriers shut UK actors out of EU jobs. Casting shifts to EU talent as paperwork delays and visa limits make hiring British crews less viable.... [more]

• The Bank of England is keeping a closer watch on public-sector pay as a potential source of inflation pressure, as it continues to run faster than in ​the private sector, Governor Andrew Bailey said.... [more]

• International arbitrators reject $134M claim by Rwanda against UK for scrapped migrant deal.... [more]

• Barrick Mining weighs London listing as it negotiates Africa business sale.... [more]

• The strike on the London Underground will go ahead on Tuesday after a day of talks failed to avert industrial action. About half of London’s tube drivers will take action, bringing widespread transport disruption to the capital..... [more]

• SAIC Motor to build first EU car factory in Spain.... [more]

• UK money transfer company Wise is being investigated over suspicions criminals used its accounts for money laundering, Belgian prosecutors have told French media..... [more]

• Russia's LNG exports rise 11.5% in January to May, data shows.... [more]

• Chinese EV makers recover in May but competition remains fierce amid overcapacity woes. Consumer willingness to embrace new tech, along with cash subsidies from local governments, gave the EV sector a much-needed boost.... [more]

• Chinese Banks’ Net Borrowing Signals Liquidity Glut Is Easing.... [more]

• India's fiscal deficit (INFISC=ECI), stood at 4.4% of the gross domestic ​product for the year ended March ‌31, 2026, data showed on Monday, in line with government's revised estimates..... [more]

• India will seek relief from US investigations when trade negotiators from the two nations meet this week for finalizing an interim trade pact, an official familiar with the matter said..... [more]

• India's industrial output (INIP=ECI), stood at 4.9% in April, government data showed on Monday, as surging energy costs and supply disruptions ​from the months-long Iran war weighed on parts of Asia's third-largest ‌economy..... [more]

• African electric vehicle firm Spiro has raised $215 million in equity financing to expand its battery-swapping and electric mobility infrastructure across Africa, the company said Monday..... [more]

• Analysis/Comment - Hannah Pedone: Did Trump spark an IBM stock rally? It’s complicated. IBM’s strong stock momentum Monday comes as the software sector continues its comeback.... [more]