People's Bank of China leave China's loan prime rates unchanged

APRA warned Australia’s major banks not to weaken mortgage standards as rates fall & competition rises. A system-wide stress test showed banks & super funds are resilient, but APRA said high household debt makes strict lending crucial for stability.

Trump is considering an executive order to challenge state AI laws by creating an “AI Litigation Task Force” and potentially tying broadband funding to compliance with federal priorities, according to a draft seen by Reuters.

The US plans to approve exports of up to 70K advanced Nvidia AI-chip servers to UAE and Saudi state-backed AI firms. The shift reverses earlier security concerns and includes strict safeguards to prevent the technology from reaching China or Huawei.

Nvidia said it has visibility to $500bn in Blackwell and Rubin revenue through 2026 and expects to dominate a $3–4tn annual AI-infrastructure market by decade-end. Warned geopolitics continue to limit China access.

U.S. may delay chip tariffs as White House weighs risks of China backlash. Washington is quietly cooling on near-term chip tariffs as it tries to avoid higher consumer prices and a clash with China.

US equity index futures have risen further after Nvidia reports beats. NVDA earnings are out, solid beats have eased markets fears. For now.

Nvidia delivered another blockbuster quarter, easily clearing Wall Street expectations as the global AI build-out continues at full throttle.