Nikkei looking to close down 1.27%

NAB forecasts Australian April headline CPI easing to 4.4% on fuel excise relief, but warns of broadening cost pass-through with trimmed mean seen at 3.4%, risk skewed higher.

Home prices climb as incomes lag, making affordability a challenge despite slight gains. Risk rises.

CBA forecasts Australian headline inflation at 4.3% for April while Westpac sees 4.8%, with both banks flagging firm underlying price pressures despite fuel excise relief.

SpaceX IPO buzz sends rocket stocks soaring! Valuations sky-high, but watch for turbulence.

Rare earth stocks surge as China's supply dominance sparks supply chain fears. Investors eye 20% upside.

Citadel Securities says the Fed should move toward rate hikes as inflation, not the labour market, becomes the dominant economic risk, warning policymakers risk falling behind the curve.

TD Securities forex strategists say they are not ready to drop their bearish dollar view for 2026, citing only middling US outperformance, a Fed on hold, and expected rate convergence with peers.