Market Reports

• Australian Market Report: The Australian sharemarket has enjoyed its best day in three weeks. The benchmark S&P/ASX200 index on Friday rose 119.9 points, or 1.37 per cent, to 8844.4, while the broader All Ordinaries grew by 117.4 points, or 1.31 per cent.... [more]

• U.S. Market Report: Wall Street was closed on Friday for observance of July 4th Public Holiday. At the close on Thursday the Dow rose more than ​1% to a record closing high on Thursday ahead of the long holiday weekend.... [more]

• European Market Report: After struggling for direction till around noon, European stocks moved higher and closed on a firm note on Friday on easing concerns about Middle East tensions and hopes that the Federal Reserve will not tighten its monetary policy.... [more]

• Asian Market Report: Asian stocks advanced on Friday despite an overnight fall in U.S. technology stocks. Regional sentiment was underpinned by easing geopolitical risks and fading expectations for a Federal Reserve rate hike..... [more]

Australian Business News

• Anthony Albanese has dismissed “barely coherent” critics of his government’s contentious tax reforms in a speech to party faithful in Sydney. The Prime Minister received roars of support as he recapped his sweeping reforms.... [more]

• Less than half of all properties that went to auction in Australia were actually sold over the past week. According to the latest Cotality figures, the preliminary national auction clearance rate picked up from last week's 49.2 per cent.... [more]

• Property prices are falling. Here are the ASX shares most affected.... [more]

• Weekend Wrap: What a wacky week. Capital kept rotating into Healthcare, Staples and Discretionary stocks, with the S&P/ASX Healthcare Index now up around 20% since 3 June.... [more]

• Australia’s cost-of-living crisis is concentrated on items people need most and driven by privatisation of essential services, analysis of two decades of Consumer Price Index data has revealed. The McKell Institute findings.... [more]

• "Better off buying avocado on toast" - Geoff Wilson's six predictions for Australia's investment future.... [more]

• Queenslanders are being warned they could be left to pay for the clean up of abandoned mines if rehabilitation laws are weakened, after the state government announced a bid to cut environmental “red tape” for resources companies..... [more]

• Flynn Golds maiden drilling of the Silver King trend within its Henty project in western Tasmania has confirmed the presence of an extensive silver system under historical workings..... [more]

• EMC Gold strengthens Spain focus with CEO appointment.... [more]

• GreenTech Metals (ASX:GRE) is on target to commence drilling programs at the Munni Munni and Whundo projects in the West Pilbara region of Western Australia this month..... [more]

• Mining billionaire Gina Rinehart and her two estranged children will have to pay a large chunk of the legal costs able to be recovered from a mammoth trial that determined the payment of royalties.... [more]

• Microsoft agrees to pay Nine for journalism in major AI deal.... [more]

• CSL Shares Up 27% on Month As Relief Rally Meets Resistance.... [more]

• TPG Capital decided to retain Joel Thickins in his multimillion-dollar role as partner and co-head of Asia as he negotiates a deal with supermarket giant Coles that could make the global private equity group billions..... [more]

• The corporate regulator has cancelled the licence of Sydney-based firm Capital Guard AU Pty Ltd over the sale of a fake $100,000 bond purporting to have been issued by financial giant Macquarie Group..... [more]

• Fees for no service. Arcare class action puts rapacious aged care operators on notice.... [more]

• Comment/Analysis - Eva Cook: Time to rebalance east? The structural case for emerging-market equities..... [more]

• Analysis - Jonathan Barrett:m Coal is back in AustralianSuper’s portfolio. What happened to that net zero pledge? In 2020 Australia’s biggest super fund dumped its Whitehaven shares. Fast forward to 2026.... [more]

• Analysis - Alan Kohler: The economy is strong yet consumer sentiment is rock bottom.... [more]

World Business News

• Wall St Week Ahead Investors look for Fed clues, earnings signs as tech wobbles.... [more]

• OPEC+ adds 188,000 bpd to August quota amid cooling oil market.... [more]

• Why is premium gas so expensive? More Americans are filling their cars with it.... [more]

• When it comes to beating the stock market, no news really is good news. A new study has found a flaw in how people interpret the very headlines they are seeing.... [more]

• Nearly a Million Investors Lost a Total of $3.8 Billion on Trump Crypto Coin. A report from a cryptocurrency analytics firm details how those who bought the Trump memecoin have fared, with most retail investors having lost money.... [more]

• Manhattan luxury real estate sales hold firm despite fears of a ‘Mamdani effect’.... [more]

• Berkshire Hathaway’s multibillion-dollar buy of Taylor Morrison to boost US housing market. While Chinese investors are turning away from America, the conglomerate’s US$6.8 billion cash acquisition could encourage more home sales.... [more]

• Tesla’s global sales shot up 25% in the second quarter in a sign that Elon Musk’s EV maker may be turning a corner - at least in Europe. The company posted deliveries of more than 480,000 in the three months to the end of June.... [more]

• Brazil's government will take longer to phase out its diesel subsidy than the gasoline benefit, ‌reflecting concerns the process must be handled carefully, even after the drop in global oil prices, to avoid price shocks or fuel shortages.... [more]

• EU trade with US hits record high despite tariff tensions, study shows.... [more]

• A former chief economic adviser to the Treasury has called on Andy Burnham to appoint Ed Miliband as chancellor, arguing the energy secretary has a “bold” vision to revive the economy..... [more]

• One of the biggest takeovers in British media history is about to take place with the creation of a new British media company - albeit American owned. Sky is expected to buy ITV's TV and streaming channels .... [more]

• UK-US pharma deal could lead to nearly 230,000 unnecessary deaths in England, analysis says..... [more]

• EasyJet agrees to Castlelake’s £5.2B takeover offer.... [more]

• Investors in one of the UK’s biggest package holiday firms will be hoping to hear whether US-Iran peace talks have helped buoy demand for travel. Jet2 will unveil its full-year financial results on Wednesday after a period of disruption.... [more]

• Germany's cabinet will approve the first draft of the 2027 budget ​on Monday, with total borrowing of €203.6 billion ($232.8 billion), ‌finance ministry sources said on Saturday, confirming a Reuters report from Friday..... [more]

• China's Chery takes over former Nissan car factory in South Africa.... [more]

• This week’s $29 billion US stock-market listing for SK Hynix Inc. may be the biggest-ever first-time share sale by a foreign company, but it isn’t just about raising cash..... [more]

• Hyundai’s new steel mill sparks hopes and fears in Louisiana. Korean manufacturer building $6 billion facility that will use cleaner technology — potentially, green hydrogen – but residents doubt they’ll benefit.... [more]

• India's leading IT services companies are likely to post a muted performance in the first quarter of FY27, with growth expected to remain subdued as clients continue to prioritise cost-cutting over large-scale technology spending.... [more]

• India seeks to quell public backlash on ethanol-mixed fuel after 'experiment' remark.... [more]

• Opinion: Jurica Dujmovic - Nvidia is betting on a trillion-dollar robotics boom. Here is the hidden way to trade it. Near-term revenue belongs to the motion and sensor companies supplying the industry’s buildout.... [more]

• Comment - Richard Partington: ‘New direction, same old problems’: the economic challenges facing Andy Burnham. Blair met good fortune when he assumed office, others such as Wilson faced tougher times..... [more]