Eurozone shares -1%
US shares +0.4%, Nas +1.1% as dip buyers push chip makers up
US 10 yr yld +7bp to 5.14%
Brent oil -0.5% to $109.3, WTI +2.3% to $103.8
Gold -0.6% to $4138.6
Iron ore -0.1% to $91.2
Bitcoin $81.9k
ASX futures -0.9%
$A 0.6978 with $US flat
Labor should grandfather existing trusts and apply the reforms only to new trusts. As lawyer Mark Fowler writes: "The reform’s administrative burden, transaction costs and tax implications mean that this is the only certain path to preserving existing philanthropy." https://t.co/ZN8dFAKsI0
BREAKING 🚨: Indonesia
Indonesian Stock Market plunges to lowest level since 2020 after MSCI said it's considering a 2-step downgrade from Emerging Market to Standalone 😱 👀
President Emmanuel Macron will spend the final seven months of his term desperately trying to stop France from tearing itself apart as rising living costs and economic discontent destabilise the nation. https://t.co/XgXNypqD92
Calls have come for Anika Wells to repay the cost of her flight home and be stood down after records from Don Farrell’s office failed to substantiate a meeting she said took place.
https://t.co/e7Gy3hoDU9
The NSW Minns government has announced a major intervention into the Mount Pleasant coal mine after its High Court defeat, significantly increasing its annual production limit.
https://t.co/CsiO8dJiQP
New analysis reveals that Victoria's interest bill, which topped $7.9 billion last financial year, already exceeds spending on roads, emergency services and public transport. https://t.co/qWuqvrcU7l
A Melbourne Islamic centre that has received more than $600,000 in taxpayer funding since 2022 has been condemned amid revelations that an imam preached that men could beat their wives.
https://t.co/TbVdfwHf30