Australia Breaking News

The European Central Bank gathered to deliver an interest rate hike this week against a back drop of rising global bond yields, spiralling energy prices and growing political risk. Following a state election win for German's far-right AfD party in Saxony-Anhalt, attention now turns to an array of elections across multiple European countries in 2027. France in particular stand out as an area for concern for investors as the country navigates political divide and a shaky fiscal outlook. The Opening Trade spoke to guests about the biggest challenges facing European nations at a time of heavy pressure on public finances.

Major resource stocks led the market lower as BHP (ASX:BHP) lost 4.3% following an overnight retreat in copper prices from record highs.

Chinese President Xi Jinping will visit India this weekend to attend the BRICS summit, marking his first trip to the country since 2019. But Observer Research Foundation's Antara Ghosal Singh says while progress has been made on the India-China border issues, economic ties between both sides remain challenging. She spoke with Bloomberg's Insight with Haslinda Amin.

Bond bears are pushing benchmark Treasury yields toward the closely-watched 5% level ahead of US inflation data that stands to determine expectations for a Federal Reserve interest-rate hike next week. Bloomberg MLIV's David Savage reports.

Brent oil traded near $107 barrel as fighting between Yemen-based Houthi militants and Saudi-backed forces intensified. The global benchmark surged more than 6% in the previous session and is on track for its biggest weekly gain since July. Bloomberg's Ben Sharples reports.

Auravelle Metals (ASX:AUV) has commenced a 3,500-metre aircore drilling programme at its Nuckulla Hill prospect.

A trademark fight with a local tea maker sparked a patriotic backlash that exacerbated a demand slump for LVMH's most profitable label. While the broader downturn in the Asian powerhouse has slammed all luxury brands, LVMH Moët Hennessy Louis Vuitton SE's flagship label was the worst hit in July and August, people familiar with the matter said.

Iran and the US are digging in for a protracted war, with little sign of a near-term ceasefire or return to normal Middle East energy flows even if hostilities remain at a low intensity. The conflict has entered a form of stalemate, with critical issues including control of the Strait of Hormuz and Iran's nuclear program still unresolved. Bloomberg's Stuart Livingstone-Wallace breaks down the situation.

The Australian government released draft legislation outlining a capital gains tax exemption for innovative startups.

Voltaic Strategic Resources (ASX:VSR) identified malachite-rich material across an area of approximately 100m during initial field work at its El Dinero prospect.

AMP economist My Bui projects US 10-year Treasury yields could reach 5% as structural inflation drivers remain intact. She notes that sustained market pressures may keep Federal Reserve interest rates elevated as equities come under pressure, creating a situation where investors lack safe havens amidst market turmoil.

Airservices Australia temporarily restricted flight movements at Sydney Airport on Sept. 11 morning following severe air traffic controller roster constraints.