Market Reports

• Australian Market Report: Investors trod cautiously on the Australian sharemarket on Monday as talks between Washington and Tehran were initially clouded by a renewed threat from US President Donald Trump to strike Iran.... [more]

• U.S. Market Report: After moving to the upside early in the session, stocks have come under pressure. The tech-heavy Nasdaq has shown a significant move to the downside, while the S&P 500 has also moved lower..... [more]

• European Market Report: European stocks closed mostly higher on Monday with investors reacting to "positive progress" in US-Iran peace negotiations and easing concerns about inflation thanks to weak oil prices..... [more]

• Asian Market Report: Stock markets in Asia traded on a mostly positive note on Monday amidst signs of diplomatic progress between the U.S. and Iran..... [more]

Australian Business News

• Auction clearance rates have hit levels not seen since the start of the COVID-19 pandemic, falling below 50 per cent over the past week. The weighted average for auction clearance rates across Australia was 47 per cent..... [more]

• NSW drivers offered cost of living relief with lower toll caps and admin fees. Motorists in the “most tolled city on earth” will be offered cost of living relief with lower toll caps and no admin fees for 12 months in the forthcoming NSW budget..... [more]

• Safe as houses: how property tax reform could re-rate the share market. The ALPs proposed tax changes could fundamentally change the way capital flows in Australia. We ask who are the most likely beneficiaries..... [more]

• Australia now has 9 superannuation mega funds worth more than $100 billion each. Here is what that consolidation means for your retirement savings..... [more]

• Platform business Praemium has found itself potentially tied into the proceedings brought by the Australian Securities and Investments Commission (ASIC) against Diversa Trustees..... [more]

• Viridis Mining and Minerals’ aptly named Colossus rare earths project in Brazil has landed on the radar of Europe’s critical minerals powerbrokers after hosting European Union Commissioner for International Partnerships Jozef Síkela.... [more]

• King River moves to wake sleeping WA Murchison goldfield.... [more]

• Lindian Resources is rapidly transforming its giant Kangankunde project in Malawi from a construction site into an operating rare earths mine, with key milestones now ticked off, bringing it to the final run.... [more]

• Godolphin Resources (ASX: GRL) has unveiled a significant new zinc, copper, lead, silver, and gold discovery at its Lewis Ponds Project in New South Wales..... [more]

• Renascor Resources Ltd (ASX:RNU, OTC:RSNUF, FRA:RU8) has started processing graphite through its hydrofluoric acid-free purification flowsheet at its purified spherical graphite (PSG) demonstration plant in Adelaide.... [more]

• The multi-billion-dollar Marinus Link interconnector across Bass Strait will shore up Tasmania's energy security and break the "deadlock" hobbling the state's energy sector development, according to a report defending the project..... [more]

• Australia’s largest poultry producer has locked down its Western Australian chicken breeder farms after a deadly strain of bird flu was detected in Australia for the first time. Ingham Company made the announcement.... [more]

• Australian wool riding high as market surges and enthusiasm returns.... [more]

• Metcash (MTS) delivered a solid, resilient FY26 result in a tough retail environment, with sales and profits holding steady, along with strong cash generation and a healthy balance sheet..... [more]

• SGH shares (ASX: SGH) climbed 3% to A$44.57 to start the week, having added 17% off the April 29th low, less than two months ago. Despite the recent shift in sentiment, the SGH share price remains 4.83% below where it began.... [more]

• ClearVue Technologies has secured firm commitments to raise $6 million as the smart building materials company advances global commercialisation efforts and develops a new generation of energy-efficient building products..... [more]

• Metcash Shares Slip on Earnings Miss and ASX 100 Exit.... [more]

• Inside Qantas’ plan to turn Australia’s tyranny of distance into profit. Australians have long struggled with geographic isolation. For the airline’s Project Sunrise solution to work, both customer demand and aircraft supply must keep pace..... [more]

• Opinion - Elizabeth Knight: The new David Jones boss needs a turnaround miracle. The crucial news at Australia’s oldest department store isn’t the sudden change in chief executive, it’s that the chain lives to fight another day..... [more]

• Opinion/Analysis - Roy Van Keulen: Undervalued tech share oversold on AI fears Has the market overlooked this ASX tech share?.... [more]

World Business News

• Foreign holdings of US Treasuries rise in April, led by Japan, UK, data shows.... [more]

• U.S. Oil Is Skipping the Chance to Grab Market Share From the Gulf. U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market..... [more]

• Alan Greenspan, former head of Federal Reserve, dies at 100.... [more]

• Alphabet sees $269 billion market-cap wipeout as investors fear it’s losing the war for AI talent. Two AI leaders, including a Nobel laureate, recently said they would leave Google for rival labs.... [more]

• OpenAI launches cybersecurity tools and open-source patching program.... [more]

• ‘Reward for failure’: Investor support for Target Chair Brian Cornell falls to lowest level ever. Target has promised investors that it’s pursuing an aggressive turnaround with a new CEO at the helm, but.... [more]

• Caterpillar’s stock hits a milestone as roaring industrials rally sweeps up Wall Street. Caterpillar is the hottest stock in the Dow this year, and now one of just two in the index with a price above $1,000.... [more]

• Stripe names Eileen O'Mara as vice chair.... [more]

• Lucid Group said Monday it is cutting its U.S. workforce by approximately 18% as part of a cost-savings plan. The all-electric vehicle maker said its plan would give it annualized cost savings of approximately $158 million..... [more]

• Only a small fraction of data center opponents actually live near one, according to new polling by a consulting firm that counsels leading AI labs and tech startups. he findings by Milltown Partners.... [more]

• Mexican President Claudia Sheinbaum said Monday that her country seeks to restart oil shipments to Cuba soon, a move that could provide much-needed relief as the island’s crises deepen given a lack of petroleum..... [more]

• Argentina authorizes up to $5 billion debt from international institutions.... [more]

• ECB chief Lagarde plays down second-round inflation worries.... [more]

• Pound dips as Keir Starmer exit rumours continue to grow.... [more]

• Sir Keir Starmer has announced his resignation as Labour leader, heralding the end of his time in 10 Downing Street. He has said he will stay on as UK prime minister until his successor is in place..... [more]

• Keir Starmer’s economic legacy – in charts.... [more]

• The Spanish owner of Santander UK has revealed aims to cut costs by more than 500 million euros (£433 million) by accelerating the use of artificial intelligence (AI) across its global operations..... [more]

• Brexit and Covid beset Royal Navy contractor as profits plunge. Babcock reports underlying operating profits down 19%, with frigate-building programme making a loss.... [more]

• Chinese Carmakers Weighing Canada Manufacturing Deals, Joly Says.... [more]

• China Tightens Rare-Earth Grip on U.S. Firms, Threatening Trade Clash. The move targets two U.S. manufacturers at the center of the Trump administration’s effort to rebuild the domestic supply chain for critical magnets..... [more]

• China hit back at Washington on Monday with a sweeping two-pronged retaliation, barring government departments from buying products from 46 US defense contractors and blacklisting 10 American companies.... [more]

• China’s weird new economic spark: toy elves and robocops. Young Chinese aren’t buying status symbols. They’re spending money on things that make them feel something — anything..... [more]

• European Central Bank’s President Lagarde urges talks on yuan undervaluation. China has denied it manipulates its currency for trade advantage but its surging trade surpluses are worrying leaders of the G7 nations.... [more]

• Standard Chartered 'overweights' Asia ex-Japan; favours Taiwan, China on AI, earnings.... [more]

• Japan has implemented a five-fold increase to visa fees for all foreigners, marking the first price hike in nearly 50 years. From 1 July, single-entry visa fees will be raised from the current 3,000 yen ($18.69; £14) to 15,000 yen.... [more]

• The Reserve Bank of India (RBI) was a net seller of $8.944 billion in the spot foreign exchange market in April, marking the second consecutive month of intervention to support the rupee amid persistent currency pressures..... [more]

• Guinea has banned the export of unrefined gold in an effort to promote domestic processing of the precious metal. The policy - effective immediately - comes after Guinea's President Mamadi Doumbouya met industrial and artisanal.... [more]

• Opinion - Nils Pratley: EasyJet bidder is still offering less than a full ticket. Castlelake’s offer does not feel close to a knockout price – and it still needs to get shareholders (and Stelios) onboard.... [more]

• Analysis: Jack Fenwick, Henry Zeffman, Harry Farley and Nick Eardley - Everything points to Burnham becoming PM within weeks. Shortly after 10 o'clock this morning Andy Burnham finally confirmed what had been obvious for days.... [more]