Market Reports

• Australian Market Report: The S&P/ASX 200 inched up 3.7 points, or less than 0.1 per cent, to 8917.70 points, erasing losses from earlier in the day following Monday’s 1.3 per cent market rally. The Australian dollar dropped 0.3 per cent to US70.52¢..... [more]

• U.S. Market Report: After moving sharply higher over the past few sessions, stocks are turning in a relatively lackluster performance during trading on Tuesday. Despite the choppy trading, the Dow has reached a new record intraday high..... [more]

• European Market Report: Stocks closed broadly higher in major European markets on Tuesday as investors remained hopeful about the U.S. and China signing a peace deal this week..... [more]

• Asian Market Report: Asian stocks turned in a mixed performance on Tuesday as investors paused to assess the durability of the relief rally fueled by the long-awaited preliminary U.S.-Iran deal to end their conflict..... [more]

Australian Business News

• Millions of home borrowers have been given a reprieve with the Reserve Bank unanimously voting to leave interest rates on hold for the first time this year despite governor Michele Bullock warning the aftermath of the Middle East conflict.... [more]

• Interest rates and tax shake-up see buyer demand weaken in property market.... [more]

• Why Aussie equities are a hard sell..... [more]

• Australia's iron ore miners have emphasised how growing steel demand in India and Southeast Asia would help offset the stagnating market in top customer China, where they also face pressure from the state-owned buyer.... [more]

• Karoon Energy Shares Lag The ASX Today: What Just Happened?.... [more]

• Somerset Minerals (ASX:SMM) has obtained a 2.3-kilogram native copper nugget with new exploration activities well underway at the Coppermine project in Canada..... [more]

• NT government introduces new air quality testing plan, including measuring carcinogenic emissions.... [more]

• ‘Tyranny of distance’: WA startup scene gets $1.1m boost despite VC funding drought.... [more]

• Kyle Sandilands is closing in on a settlement agreement with his former employer, KIIS network owner ARN media, worth up to $15 million, as part of a deal that would bring to an end one of two high-profile legal battles.... [more]

• The consumer regulator has sued Grill’d over allegations the burger chain engaged in greenwashing by dramatically overstating how much money it was donating towards one of its key environmental campaigns..... [more]

• Southern Cross Electrical Engineering (SXE) has raised $150 million to fund a supercharged growth outlook, headlined by a step-change FY27 EBITDA target of at least $100 million, which sits 26% above analyst expectations..... [more]

• Embattled consulting group KPMG has effectively been banned from new federal government work while the Department of Finance reviews its suitability as a contractor..... [more]

• Cochlear Shares Continue to Bounce Off Decade Lows, As Analyst Trims Target.... [more]

• Dimerix has further expanded the global commercial footprint of its lead phase III kidney disease drug candidate DMX-200, signing a lucrative licensing agreement with China-headquartered and Hong Kong-listed Everest Medicines..... [more]

• Swoop Holdings signs mobile wholesale partnership with TPG Telecom to support margin and subscriber growth.... [more]

• ATO outsource call centre workers paid 40% less than public service peers, Fair Work submission claims.... [more]

• Comment - Keith Ford: 3 pieces of investing wisdom that need to be chucked out (and 1 that should stay). Cliches exist for a reason, but some of the well-worn wisdom that has driven investors for decades may need to go..... [more]

• Analysis/Comment - Shani Jayamanne: What would happen if your income stopped tomorrow? How a break in cashflow impacts us all differently..... [more]

• Opinion - Stephen Bartholomeusz: Brave new world: SpaceX is now the most expensive stock on the planet..... [more]

• Analysis - Patrick Commins: Finally, an interest rate reprieve – but a ceasefire in the Middle East doesn’t have the RBA popping champagne yet.... [more]

• Comment - Michael Pascoe: No, the RBA doesn’t know what’s happening with inflation either..... [more]

World Business News

• Global oil prices break below $80 for the first time since the Iran war began. Ships still aren’t passing through Hormuz..... [more]

• Kevin Warsh was bracing for rising inflation. A US-Iran agreement simplifies things.... [more]

• Wells Fargo raised its year-end 2026 target for the S&P 500 to 7,950, ​pointing to stronger corporate earnings, easing macroeconomic risks following the U.S.-Iran interim ‌deal and a recent market pullback that has reset investor sentiment..... [more]

• Automaker General Motors on Tuesday announced a new partnership with defense company Lockheed Martin to scale manufacturing and expand production capabilities..... [more]

• SpaceX is having a week for the history books. It’s only Tuesday. SpaceX is now bigger than Microsoft. Its shares are more popular than every other stock on the market, combined. And itjust bought an AI company for $60 billion..... [more]

• Tesla Q2 deliveries "likely tracking ahead of consensus": Goldman.... [more]

• Rivian said Tuesday it was laying off hundreds of workers, or less than 2% of its workforce, as the electric vehicle maker aims to narrow losses..... [more]

• Snap (SNAP.N), CEO Evan Spiegel told Reuters the company's new Specs augmented-reality glasses are ​part of its long-term strategy, pushing back on activist ‌investor demands to shut down or spin off the cash-burning unit.... [more]

• Hightouch offers Publicis up to $1.2B for key LiveRamp assets.... [more]

• Robinhood is laying off nearly 300 people to keep a ‘high performance culture’.... [more]

• A post-COVID surge in U.S. golf-club memberships is leading to big deals for private-club operators that cater to the affluent, evidenced in Apollo Global Management's (APO.N), sale last week of the largest private country-club.... [more]

• The struggling Pizza Hut restaurant chain will be sold for $2.7bn by parent company Yum! Brands. Yum! Brands said in February that it was considering selling Pizza Hut and the chain looked to close 250 US restaurants..... [more]

• China Shock 2.0: Surging Chinese exports threaten Europe’s economy, raising concern at G7 summit..... [more]

• Binance, the world's largest crypto exchange, is set to ‌lose permission to serve European Union clients from next month because its licence application is about to be rejected, two people familiar with the matter told Reuters..... [more]

• EV prices in UK and EU not likely to dive due to Chinese rivalry, says Xpeng boss. Brian Gu says he sees Chinese car firms competing on quality rather than launching price war as at home.... [more]

• Sterling held steady against the U.S. dollar on Tuesday as traders weighed the U.S.-Iran interim agreement to end the Middle East conflict and focused on key UK economic data and the ​Bank of England's interest rate decision..... [more]

• Retail giants join UK government drive to boost ‘plug-in’ balcony solar panels. Asda, Amazon and B&Q among retailers in talks to sell devices that feed into household sockets and can cut electricity bills by 30%.... [more]

• Thames Water moves step closer to nationalisation after government objects to rescue deal.... [more]

• A £75m deal for the owner of Kingsmill to buy Hovis to create the UK’s biggest bread brand has been cleared by the competition watchdog. The Competition and Markets Authority (CMA) ruled that Associated British Foods’.... [more]

• Bank of France cuts 2026 growth forecast to 0.5% from 0.9%.... [more]

• The Iran war has exposed major risks for Southeast Asia that could cost the region billions of dollars, if it doesn’t diversify sources of energy more quickly, according to an International Energy Agency report released Tuesday..... [more]

• Chinese Economy Stalls as Spending, Investment Drop to Covid-Era Levels.... [more]

• Billionaire Li Shufu, owner and chairman of Geely Auto, China’s second-largest carmaker, plans to bring the Superbike World Championship (WSBK) to the country, banking on the success of a home-grown motorcycle brand.... [more]

• Chinese social media platform Xiaohongshu has tapped banks including Goldman Sachs (GS.N), and CICC (601995.SS), to work on a potential Hong Kong initial public ​offering.... [more]

• Japan raises interest rate to highest for 31 years.... [more]

• Bank of Japan rate hike greeted with a market shrug.... [more]

• The Indian rupee rose for a third consecutive session on Tuesday as underlying sentiment remained ​supportive, while traders awaited details of the U.S.–Iran peace agreement and guidance ‌from the U.S. Federal Reserve..... [more]