Awaited

• Asian stock markets extended their losses, with Singapore's Straits Times Index dropping 1% and Australia's S&P/ASX 200 slipping 0.5%. • The decline is driven by a surge in oil prices, which has intensified investor concerns regarding global inflation. • Market participants are now awaiting the release of U.S. consumer price index (CPI) data on Tuesday to gauge the Federal Reserve's future interest rate policy.

• Wall Street is poised for a lower open, with S&P 500 E-Mini futures down 0.29% and Nasdaq 100 E-Mini futures dropping 0.94%. • The decline is driven by a chip sector selloff sparked by losses among South Korean peers, specifically impacting SK Hynix. • Investors are awaiting the Federal Reserve's Beige Book and the start of second-quarter corporate earnings to gauge economic health.

The government’s response to the Murphy report is hardly dynamite. Harm advocates, gambling operators and advertisers are all waiting to see whether Labor’s rhetoric will be matched by action The Labor government decided to release its contentious, much-delayed response to Peta Murphy’s report on gambling on one of the biggest political news days of the year.They dropped it while the nation’s federal political journalists were trapped in budget lockup. Continue reading...