Market Reports

• Australian Market Report: The Australian sharemarket has ended the financial year with a whimper. The benchmark S&P/ASX200 index closed down on Tuesday 44.7 points, or 0.51%, to 8778.7, while the broader All Ordinaries dropped 40.7 points, or 0.45%.... [more]

• U.S. Market Report: Wall Street's main indexes were on course to close ​June with their strongest quarterly gains in years, underscoring the resilience of equities despite geopolitical challenges and ‌inflation concerns..... [more]

• European Market Report: European stocks closed on a firm note on Tuesday, riding on encouraging regional economic data and hopes the European Central Bank will not hike interest rates anytime soon..... [more]

• Asian Market Report: Asian stocks rose broadly on Tuesday as investors watched for a possible resumption of U.S.-Iran talks in Qatar to resolve differences over the Strait of Hormuz and asset releases..... [more]

Australian Business News

• The best and worst performing ASX 200 stocks of FY26..... [more]

• The biggest monthly decline in home values in more than three years has been recorded as the housing market slowdown that began in Sydney and Melbourne spreads across the country..... [more]

• The RBA says three rates hikes “appeared to be having broadly the expected effect” domestically as international economic pressures ease. Monetary policy board meeting minutes released on Tuesday.... [more]

• Treasurer Jim Chalmers leaves door open to super change for under-18s.... [more]

• The case for diversifying beyond US equities is becoming more compelling, according to the latest ClearBridge Investments mid-year outlook. ClearBridge head of market and economic strategy, Jeff Schulze said.... [more]

• Reserve Bank of Australia CIO retires.... [more]

• The ASX stocks exposed to a constrained consumer. Lower inflation won’t necessarily end the cost-of-living squeeze. Investors may need to watch where households cut, defer and trade down..... [more]

• Corazon Mininghas cleared a vital regulatory hurdle after successfully wrapping up heritage surveys across its primary target areas at the Feather Cap gold project in Western Australia.... [more]

• Litchfield Minerals is set to put a newly refined exploration blueprint, shaped through BHP Xplor, to its first real-world test, with three ground geophysical surveys scheduled to kick off in July across its Oonagalabi and Silver Valley projects.... [more]

• Celsius shares jump 78% as Chinalco unit buys Namibian cobalt project for $15m.... [more]

• Andean Silver (ASX:ASL) has unveiled a 230% increase in the Indicated resource at its Cerro Bayo silver-gold project in Chile..... [more]

• Forrestania lands Edna May in $300M WA gold hub coup.... [more]

• Autosports Group shares (ASX: ASG) staged a modest recovery into month end, despite warning that surging electric vehicle demand has outstripped supply, forcing the luxury car dealer to slash full-year profit guidance .... [more]

• In a major distribution boost, EZZ Life Science’s newly launched MeTime range is being sold via Woolworths Group’s (ASX:WOW) HealthyLife platform, with additional reach across its broader supermarket online retail ecosystem..... [more]

• Imugene reports first complete response in azer-cel BTKi cohort.... [more]

• Amplia Therapeutics has refreshed its board, handing the chairman’s role to experienced life sciences director Jane Bell AM as the Melbourne-based drug developer looks to convert encouraging clinical momentum.... [more]

• Rex Airlines breached continuous disclosure obligations, court finds.... [more]

• The consumer watchdog is taking Amazon to court for burying allegedly unfair terms in the contracts of Prime subscriptions, which the e-commerce behemoth used to introduce advertisements.... [more]

• EY sacks graduate employee after he allegedly accessed Australian PM’s bank account. Two men – including one who worked for EY – appear in court after being charged over accessing restricted data.... [more]

• Analysis - Ian Verrender: Are the wheels falling off the AI investment boom?.... [more]

• Opinion - Kate Griffiths: Economic pessimism has set in – but there are reasons for Australians to be hopeful.... [more]

• Comment/Opinion - Shani Jayamanne: My ETF is no longer the cheapest. Does it matter? Exploring a paradox at the heart of modern investing..... [more]

• Comment - Grace Alvino: How to build passive income for life from the ASX share market. Building passive income from ASX shares requires a focus on sustainability, diversification, and the ability for dividends to grow over time..... [more]

World Business News

• Oil is set for the largest quarterly price drop in 6 years as historic supply crunch eases. Workarounds for the Strait of Hormuz chokepoint and a drop in crude imports to China helped ease the impact of lost Persian Gulf oil.... [more]

• US job openings were much higher than expected in May, shrugging off uncertainty from Iran war.... [more]

• Wall Street regulator seeks feedback on 'novel' ETFs amid product explosion. The announcement comes after the agency repeatedly refused to approve products that offer three to five times the return ​on an underlying stock.... [more]

• Trump's Supreme Court wins hit one wall: the economy.... [more]

• U.S. airline stocks are soaring as cheaper jet fuel and insatiable demand set up a summer boom.... [more]

• Nike is set to report fiscal fourth-quarter results after the bell Tuesday as the shoe retailer struggles to regain sales growth and turn around its business under CEO Elliott Hill..... [more]

• Nestle could lower coffee prices as bean costs fall.... [more]

• Supreme Court to hear Apple appeal in Epic Games dispute.... [more]

• Comcast is positioning itself for the next round of media industry merger and acquisition activity. That’s what industry analysts are saying about the company’s Monday morning announcement about spinning off NBCUniversal..... [more]

• Airbnb (ABNB.O), must face ​a lawsuit ‌by the city of ​Los ​Angeles, which accused the ⁠home ​rental company ​of allowing price gouging affecting ​more than ​2,600 properties during ‌the ⁠January 2025 wildfires in southern ​California.... [more]

• Ford says it has hired back some human engineers after AI failed to match their skills and experience. In a bid to reap the benefits of the tech, which developers claim can cut costs and boost productivity.... [more]

• Elon Musk is once again publicly criticizing MacKenzie Scott's philanthropy. Tesla and SpaceX's trillionaire CEO has reposted or commented approvingly on at least eight posts on X criticizing Scott's giving in the past four days..... [more]

• Board offers $3B settlement to restructure Puerto Rico power company debt. A federal control board that oversees Puerto Rico’s finances announced Tuesday that it has offered a $3 billion settlement to bondholders.... [more]

• Colombia’s central bank increases rates by 75 basis points.... [more]

• The EU has halved the amount of duty-free steel it will accept from abroad, but has agreed higher import volumes for more than a dozen trading partners, including Britain. However, some steel producers have been hit harder than others.... [more]

• What Burnham’s policies might mean for your taxes, mortgage and money if he becomes prime minister.... [more]

• Starmer warns Burnham not to borrow to fund defence as he reveals £15bn plan.... [more]

• BoE's Bailey sees no rush to act on interest rates.... [more]

• The British government said on Tuesday that it is likely to challenge Paramount Skydance’s takeover of Warner Bros. Discovery, potentially complicating the finalization of the $110 billion merger..... [more]

• Treasury should return tax on £1 gig ticket contributions, say industry bosses. It comes after the Government secured more than £1 million through VAT on contributions on tickets bought by concert attendees since last year..... [more]

• China may be facing a confusing short circuit in its economic and political calculations that could seriously harm the nation over the next few years. A huge and growing trade surplus seems to be the main obstacle driving China.... [more]

• UK investors sue Binance and founder Zhao Changpeng for US$200 million.... [more]

• China’s humanoid robots have captivated the world. A rental market is exposing their limits.... [more]

• China’s millionaire population grows slower than global average. Is the wealth boom over? Global personal wealth rose at its fastest pace in nearly a decade last year, though China saw only modest gains, according to a new report.... [more]

• Yen’s Slide Puts Market on Lookout for Japan’s Next Red Line.... [more]

• Guo Wengui, who was once believed to be one of China's richest businessmen, has been sentenced to 30 years in jail in the US for running a billion dollar scam. The former property tycoon fled China to the US in 2017.... [more]

• Indonesia’s anti-graft court on Tuesday sentenced one of the co-founders of ride-hailing and payments giant Gojek to 10 years in prison after finding him guilty in a high-profile corruption case stemming from his time.... [more]

• India has lowered windfall taxes on exports of diesel ​and aviation turbine fuel as global oil ‌prices ease, while raising the duty on petrol exports, according to a government order..... [more]

• The India-Japan summit on Thursday is likely to see a dozen agreements for cooperation in a range of areas including energy resilience, critical minerals and AI, apart from close to 120 MoUs between private companies,.... [more]

• India's biggest share sales tell the story of a country glued to its phones. India's largest stock exchange and its biggest telecoms operator will both go public by the end of this year.... [more]

• Comment - Joe Ciolli: How Microsoft became the black sheep of the AI trade. When it comes to the elite group of AI stocks known as the Magnificent 7, the winners are pretty well-established..... [more]