Australian house prices have fallen in Brisbane, Adelaide, and Perth, with national median prices down $19,000 since March, according to Cotality data. The downturn, linked to RBA interest rate hikes and reduced investor tax concessions, has led to decreased home loan applications, though the RBA expects the market to stabilize.
Bitcoin's price dropped below $60,000, reaching its lowest since October 2024, as traders abandoned interest-rate cut expectations and began pricing in a potential Federal Reserve hike. This led to a cascading liquidation event across the broader crypto market, with over $1 billion in derivatives contracts forcefully closed.
Bitcoin (BTC) dropped below $65,000 as the market awaited the US Federal Reserve's interest rate decision, with analysts warning of potential bearish moves and targeting $55,000 as a possible next level.
Ottobock's stock price fell significantly after a shareholder meeting where dissatisfaction was evident due to the share price being below its IPO price. A report by short seller Grizzly Research further impacted the stock, causing it to drop by nearly 11%.
Associated British Foods announced the demerger of its Primark arm, sending shares down 5.6%. The spin-off aims to create a pure play food producer on FTSE 100 and unlock Primark's potential as a standalone listed business. The discount retailer faces intensifying competition from Chinese online giants Shein and Temu, with ABF reporting a 2% revenue fall and 18% profit drop in H1.
