7.4 magnitude earthquake Vanuatu

Pedestrian deaths up 75% as US vehicles grow taller. Rising risks for auto sector valuations.

Standard Chartered forecasts gold at $5,100/oz and the S&P 500 at 7,950 by mid-2027, favouring equities and EM bonds in a soft-landing base case while flagging a more active H2 ahead.

Australia's flash composite PMI rose to 49.8 in June from 48.7, nearing stabilisation, but business confidence hit its lowest since the COVID-19 pandemic as new orders continued to fall.

SpaceX stock plunges 23% from its peak, erasing investor gains post-IPO. Valuation concerns mount.

Morgan Stanley CIO Mike Wilson warns equity markets face choppy, corrective near-term price action as Fed liquidity support fades, while backing Warsh's inflation-first credibility push.

Nvidia's new liquid cooling slashes data center water use 10x, but AI's broader water footprint remains a concern.

Danske Bank forecasts Brent will average $80/bbl for the rest of 2026, rising to $85 next year, and says prices will not return to pre-war levels of $60-$70 following the US-Iran deal.