Market Reports

• Australian Market Report: The S&P/ASX200 gained 170.8 points on Friday, up 1.98 per cent, to 8804, as the broader All Ordinaries advanced 169.4 points, or 1.92 per cent, to 9006.1..... [more]

• U.S. Market Report: U.S. stocks ended higher on Friday as investors held out ​hope for a peace deal between Iran and the United States and as SpaceX shares surged in their debut, making it Wall Street's biggest ‌public listing in history..... [more]

• European Market Report: European stocks closed on a strong note on Friday, buoyed by hopes Iran and the U.S. will reach a peace agreement sometime soon, following U.S. President Donald Trump calling off his planned attacks on Iran yesterday..... [more]

• Asian Market Report: Asian shares rallied on Friday after U.S. President Donald Trump called off new military strikes on Iran and said a peace deal could be signed in a few days, helping ease fears of escalation..... [more]

Australian Business News

• A fast-changing investment landscape driven by mega forces necessitates a new portfolio approach built around exposures – not asset class labels. We look to U.S. May inflation data to gauge how the ongoing Mideast supply shock.... [more]

• T. Rowe Price has warned Australian equities are under renewed pressure as a series of tax measures in this year’s federal budget add to concerns about economic growth, corporate earnings and investor sentiment..... [more]

• Former Nationals leader David Littleproud has called on the Albanese government to extend support for the transport industry as an end to fuel relief looms. The federal government slashed the fuel excise on April 1.... [more]

• More than half of Australia’s 1.7 million sole traders are skipping superannuation contributions to cover day-to-day expenses, which potentially leaves a generation of self-employed workers financially exposed in retirement..... [more]

• The 20 best dividend stocks based on two decades of data. High yield, high risk, low return. Most dividend investors make the same mistake. These stocks delivered the best risk-adjusted dividends..... [more]

• Magellan Financial Shares Pop as Barrenjoey Merger Path Cleared, Rebrand Looms.... [more]

• Potentially unlocking the massive Kvanefjeld deposit, Energy Transition Minerals has identified a rare earth element zone with uranium concentrations that fit within Greenland’s legal threshold for mining..... [more]

• Forrestania Resources has rung up a solid 37 per cent grade increase at its Lady Lyla gold deposit near Southern Cross in Western Australia, with a new mineral resource estimate showing 922,000 tonnes at 1.41 grams per tonne (g/t).... [more]

• Australian Oil Company ramping up Surat Basin development.... [more]

• The Fair Work Commission (FWC) has rejected claims from one of Australia's biggest gas producers that continued industrial action would significantly damage the nation's economy and threaten Australia's relationships.... [more]

• Dexus (ASX:DXS) lost the legal fight with Australia Pacific Airports, owner of Melbourne and Launceston Airports. It is being forced to sell the 27% stake in APAC that its infrastructure funds hold (together, the Dexus Bloc).... [more]

• Vitrafy raises $30M to accelerate US expansion and Guardion production.... [more]

• ResMed shares (ASX: RMD) fell 0.97% on the ASX today despite broader market gains, extending a brutal year-to-date decline of 23.42% as a prominent hedge fund analyst warned that weight-loss drugs pose a structural threat.... [more]

• Echo IQ teams up with Mayo Clinic to evaluate AI cardiac risk tool in cancer patients.... [more]

• Monash IVF (ASX: MVF) has flagged it will miss profit guidance by 10-15%, blaming headwinds hitting the entire IVF industry. While the stock opened 5.9% lower on Friday, it managed to claw its way back up to breakeven by noon..... [more]

• Australians lose access to 'dangerous' Anthropic AI models after Trump order.... [more]

• Drivers will be hoping to avoid flat batteries and tyres as NRMA Patrol members begin a two-day strike, escalating their first industrial action in 23 years after talks with the group failed to achieve a breakthrough..... [more]

• Analysis - Ian Verrender: How you and your superannuation came to be aboard SpaceX.... [more]

• Analysis - Bronwyn Allen: Why did ASX 200 retail shares outperform last week? Wesfarmers, Light & Wonder, Nick Scali, and Temple & Webster shares surged 10% or more..... [more]

• Opinion - Matt Grudnoff: Interest rates appear headed for a cut. But that’s about all of the good news..... [more]

World Business News

• Wall St Week Ahead Newly led Fed poses wildcard for rockier US indexes.... [more]

• Americans aren't money savvy, and they're only getting worse. Researchers say people with poor understanding of basic finances often make bad decisions on money matters..... [more]

• Consumer sentiment rises for the first time in three months.... [more]

• ‘This is not a flash in the pan’: Why value stocks are beating growth by such a wide margin. Value stocks are on pace for their widest outperformance relative to growth equities in the first half of a year since 2022.... [more]

• SpaceX surges past $2 trillion in Nasdaq debut, closes in on Amazon.... [more]

• SpaceX goes public and is now worth trillions. What happens now?.... [more]

• Investors will soon get a new way to bet on SpaceX's (SPCX.O), trajectory: options on the stock are set to ‌begin trading as soon as Tuesday, with early activity expected to be heavy, volatile, and likely expensive..... [more]

• SpaceX shows investors still want moonshots. The Fed may test that theory this week. Higher interest rates could make the AI growth story that’s been powering the bull market harder to justify.... [more]

• Rivian Automotive CEO RJ Scaringe envisions a day in the not-so-distant future when the electric vehicle maker’s manufacturing employees will have a new type of colleague: humanoid robots..... [more]

• AI company Anthropic has disabled customer access to its most capable systems after the US government ordered it to suspend all use by foreign nationals, Anthropic said in a statement Friday evening. The move is the latest in a series.... [more]

• Paramount-WBD merger wins approval from DOJ.... [more]

• Merger Cleared, David Ellison to Join Trump at U.F.C. Bouts. A U.F.C. fight on President Trump’s birthday will now double as a capstone for Paramount’s successful effort to secure Justice Department approval.... [more]

• A coalition that includes Kalshi, Crypto.com and Polymarket filed a lawsuit Friday challenging Kentucky’s first-in-the-nation excise tax on prediction markets. The Kentucky General Assembly in April enacted a 14.25% tax.... [more]

• The European Commission said on Sunday that it is assessing the ​practical implications of a U.S. export ‌control directive impacting artificial intelligence company Anthropic and that measures should not be discriminatory ​.... [more]

• The UK and Japan have agreed a multi-billion pound investment deal which UK Prime Minister Sir Keir Starmer said will build a "new era of co-operation" between the two nations..... [more]

• The British public's expectations for inflation in ​the long term rose to a ‌record high last month after the U.S.-Israeli war on Iran sent ​energy prices soaring, the ​Bank of England's quarterly inflation attitudes ⁠survey showed on Friday..... [more]

• Ministers are considering handing over billions of pounds raised by business rates to regional mayors as part of one of the biggest shake-ups of the English tax system in recent years..... [more]

• UK vows to phase out Russian diesel and jet fuel imports by new year.... [more]

• The UK's gender pay gap is narrowing, but it could still take more than three decades to eliminate the disparity entirely, a study has found. New analysis highlights the slow pace of progress that has been nearly a decade.... [more]

• UK poised to water down 2030 EV sales targets after industry and union pressure.... [more]

• French inflation rises to highest in over two years at 2.8% in May.... [more]

• China said Saturday it firmly opposed the U.S. adding several prominent Chinese businesses to its list of military companies, and that the move ignored the consensus reached during U.S. President Donald Trump’s summit.... [more]

• China's new bank lending rose less than expected in May after ​contracting the previous month, as a prolonged property downturn continued to weigh on household borrowing..... [more]

• Hong Kong regulators vow strict compliance as Beijing tightens capital controls. Regulators stress that Hong Kong’s role as an international financial centre must support China’s broader financial development objectives.... [more]

• Allianz SE has emerged as the frontrunner to acquire HSBC Holdings Plc’s Singapore insurance unit, according to people familiar with the matter..... [more]

• South Korea's world beating stock market eyes its MSCI moment. .... [more]

• The case for changes to capital gains taxes on equities is weaker ​than for bonds, India's Chief Economic Adviser V. Anantha ‌Nageswaran said on Friday, suggesting the government sees less urgency for further tweaks to the tax regime.... [more]

• India seeks French investment in manufacturing; Piyush Goyal pitches scale and talent..... [more]

• Opinion - Corbin Trent: Trillionaire welfare baby Elon Musk is born. Musk has turned American loans, American intellectual property, American space and American airwaves into a one-man wealth machine.... [more]