Australia Financial News

Domestic markets traded sideways throughout the day on Wednesday to close near day's high. Nifty gained about 3% in the month of July supported by growth led budget and second month consecutive buying by FIIs. «We expect this momentum to continue with sectorial rotation at play,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

traded volatile for yet another session on Tuesday and ended nearly unchanged. After a flat start, the Nifty gradually inched higher for most of the session but sharp profit-taking in the final hours trimmed all the gains. «Rotational participation from the heavyweights is maintaining a positive tone amid consolidation, and we expect this prevailing trend to continue. We are targeting 25,100 in the Nifty and suggest focusing on accumulating quality stocks on dips,» said Ajit Mishra – SVP, Research, Religare Broking.

Japanese stocks dropped and government bond yields rose ahead of a potentially market-moving decision from the nation’s central bank, the highlight of an event-packed day in Asia. Equity benchmarks dropped more than 1% in Japan. Those in South Korea climbed, buoyed by gains in Samsung Electronics Co. after the chipmaker reported its fastest pace of profit growth since 2010. Contracts for Hong Kong were little changed.

yen hovered near a 2-1/2-month high on Wednesday ahead of a key Bank of Japan (BOJ) policy decision where the central bank is set to detail plans to taper its huge bond buying and a rate hike is on the cards. Wednesday looked set to be a busy day for markets, with China's official purchasing managers' index (PMI) data and Australian consumer price figures also due during the Asian session.

COVID-19 pandemic, the virus has forced athletes to withdraw from events and has others donning masks once again at the Paris Games.Several athletes have tested positive, including Australian swimmer Lani Pallister who was a medal hope in the women’s 1,500 metres freestyle but had to withdraw from the event. Pallister has been instructed to isolate in her room.A team spokeswoman said the decision had been made to save Pallister’s energy for the 4x200m freestyle relay which starts on Thursday.British swimmer Adam Peaty tested positive a day after he narrowly missed out on 100 metres breaststroke gold, sharing silver with American Nic Fink.“I’ll now be focusing on a fast, full recovery to give my best in the team relays later in the week,” the 29-year-old Peaty posted on Instagram.“Adam’s okay, he’s not dying.

Next, Decathlon, Primark, GAP, Walmart, Pepco, and Tesco are planning to ramp up sourcing from India, industry executives told ET.

World shares are mixed ahead of key central bank meetings around the world

SpaceX is in talks with U.S. and Australian officials to land and recover one of its Starship rockets off Australia's coast, a possible first step toward a bigger presence for Elon Musk's company in the region as the two countries bolster security ties, according to three people familiar with the plans.

Thousands of people have rallied in several towns in Serbia to protest a lithium excavation project the Balkan country’s government recently signed with the European Union

Air New Zealand has scrapped its 2030 carbon emissions reduction targets, citing lags in producing new planes, a lack of alternative fuel and “challenging” regulatory and policy settings

COSCO Shipping Corporation has signed a preliminary agreement with Australia's Fortescue to jointly build a green fuel supply chain to help reduce pollution from the shipping industry, the Chinese company said on Monday.

DigitalX announced on July 19 that cryptocurrency exchange Coinbase would be its custody partner for its new spot Bitcoin ETF (BTXX). The custody of the DigitalX Bitcoin ETF (BTXX) shows the exchange’s growing role in supporting the infrastructure for Bitcoin ETFs worldwide.

Central Bank’s policy meeting globally as the US Federal Reserve, BOE, and BOJ will announce their decisions. «Interest-sensitive sectors including banking will remain in focus. Overall, we expect the market to continue its gradual uptick, however, volatility cannot be ruled out ahead of key events,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Asian stocks opened lower amid speculation investors are trimming some of their holdings before a rush of events in coming days including major central bank decisions, key economic data and earnings from US megacap companies. Equities slipped in Japan and Australia in early trading, while futures signaled a decline in Hong Kong. US stock futures edged lower in Asia hours following a rotation in the American shares that drove the Nasdaq 100 to the brink of a correction. The S&P 500 closed little changed and small caps slipped.

NANTERRE , FRANCE : Several days into an Olympic swim meet that has featured uncharacteristically sluggish times and a decided lack of world records, a potential problem has emerged: The water might be too shallow. The pool constructed on the customary site of a rugby pitch measures 2.2 meters deep, or roughly 7-feet-2, which means French basketball star Victor Wembanyama could comfortably stand in it. At recent Olympics, the pool has always been around 3 meters deep—a difference of nearly 3 feet.

Quad Foreign Ministers on Monday condemned the ongoing attacks perpetrated by Yemen's Houthis against international and commercial vessels transiting through the Red Sea and Gulf of Aden.

Going forward, analysts say first quarter earnings will remain a key trigger, with many large companies scheduled to report their results.

equity markets to record highs in the current financial year. The benchmark Nifty 50 index has delivered 10.5% returns since 1 April, and has outperformed the equity indices of several countries, including China, Mexico, Brazil, France, Canada, South Korea, Australia, Germany, the UK and Hong Kong. The benchmark indices of these countries have delivered returns between -8.2% and 2.9%.

medical devices in the country, the government may do away with the requirement of clinical investigation of those devices approved in the European Union (EU), people aware of the proposal told ET.

Jaishankar on Sunday met US Secretary of State Antony Blinken and held a wide-ranging discussion on bilateral ties and regional and global issues. The two leaders met on the sidelines of the Quad Foreign Ministers' meeting in Tokyo.