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RBA Rate Hike Odds Jump to 35% as Unemployment Stays Low on July 28
RBA rate hike odds surge to 35% following strong June jobs data. Markets now price in potential 4.6% cash rate by December 2026, highest since 2011. Mortgage holders face potential triple blow from rates, inflation, and oil prices.
Kospi Index Plunges Over 9% as Global Chip Selloff Sparks Market Panic
South Korea’s Kospi Index plunged as much as 10.5% on Tuesday, July 28, 2026, hitting an intraday low of 6,051.19 points. The rout triggered a full 20-minute trading halt after the index breached its 8% circuit-breaker threshold at 10:13 a.m. local time. Chipmakers Samsung Electronics and SK Hynix led the collapse, tumbling 12% and 12.7%…
Australian Housing Market Slumps as Auction Clearance Hits 8-Week Low on July 28
Australian property auction clearance rates hit 8-week lows as dwelling values fall 0.9%. Sydney and Melbourne drop 1.4% and 1.3% respectively. Buyer confidence collapses amid negative equity fears.
Ben Roberts-Smith Granted Bail Move to Brisbane on July 28
Ben Roberts-Smith, charged with five counts of war crime murder, has been granted permission to move to Brisbane under modified bail conditions. He will next appear in court on September 1.
Louie Hinchliffe Pulls Out of Commonwealth Games as England’s Athletics Squad Crumbles
Louie Hinchliffe and Charlie Dobson withdraw from England’s Commonwealth Games athletics team. Nine other athletes, including Olympic medallists, have also pulled out before competition begins in Glasgow.
Kyle Chalmers Defies Gag Order, Praises Rinehart’s $20K Swimming Bonuses July 28
Kyle Chalmers praised Gina Rinehart’s $20,000 gold medal bonuses for Australian swimmers at Glasgow 2026, defying a Commonwealth Games Australia gag order. Debate erupts over sponsor protection rules.
Kyle Chalmers Defies Swimming Ban, Praises Rinehart’s $20K Gold Medal Bonus
Kyle Chalmers praises Gina Rinehart’s $20,000 gold medal bonus for Australian swimmers at Glasgow 2026, breaking Commonwealth Games Australia’s media blackout on private sponsors.
Top 5 Australian Stocks With Strong Market Performance in July 2026
Australian stocks picked up pace in July 2026 as stronger global sentiment and easing geopolitical tensions encouraged investors to return to the market. On July 27, the S&P/ASX 200 recorded one of its biggest daily gains in weeks, led by technology, mining, and banking shares. A number of companies also benefited from positive earnings expectations…
Victorian Premier Jacinta Allan Faces Leadership Spill on July 29
Victorian Premier Jacinta Allan faces a leadership spill after losing majority caucus support. Deputy Ben Carroll confirms he will contest the leadership. The challenge is set for Tuesday’s caucus meeting.