Adelaide's median house price surged 4.8% in the June quarter to a record $1.125 million, making it Australia's fastest-rising capital market and bucking national trends. Despite this, local real estate agents report slowing buyer confidence and low turnout at inspections, while experts predict future price declines.
Bajaj Auto and TVS Motor reported robust international sales in the June quarter, signaling a strong recovery for India's two-wheeler export market. Total motorcycle and scooter exports surged by nearly 37% year-on-year, driven by increasing demand in Africa, Latin America, and Asia, complementing a resilient domestic market.
Top Indian private sector banks, including HDFC Bank, Kotak Mahindra Bank, and Axis Bank, reported weaker net interest margins (NIMs) in the June quarter. This decline was primarily due to sluggish retail loan demand, pushing lenders towards lower-yielding corporate loans, a trend partly influenced by rising bond yields and the West Asia war.
Monthly retail rents in Delhi's Khan Market increased by 9% year-on-year in Q2, reaching Rs 1,700-1,800 per sq ft, driven by high demand and low supply. Overall Delhi-NCR high-street rentals grew 2-10%, with South Extension I & II seeing a 10% rise. Retail space take-up more than doubled.
UBS analysts forecast strong June quarter results for Alibaba, citing improved e-commerce margins, reduced food delivery losses, and accelerated cloud growth. The market is expected to refocus on Alibaba's valuable AI assets, with AI model services projected to reach 10 billion yuan in annual recurring revenue.
Private banks saw stronger deposit growth (14.3%) than public sector lenders (10.7%) in the June quarter. However, public sector banks achieved faster credit expansion (16.4% vs 15.9%), raising concerns about their funding sustainability.
India's office leasing activity slowed in Q2 due to a shortage of premium spaces, with gross leasing down 1% and net leasing down 14.5%. Despite this, occupier demand remains resilient, driven by global companies' confidence in India's talent and growth prospects.
Housing sales in India's top nine cities rose 19% year-on-year to 112,458 units in April-June, despite global economic uncertainties. New residential supply increased 43% to 117,609 units. Bengaluru led growth, while Delhi-NCR and Kolkata saw declines.
During Apple's Q2 2026 earnings call, CEO Tim Cook warned that rising memory costs will significantly impact the company starting in the June quarter, suggesting these expenses may be passed on to consumers. Cook indicated Apple is evaluating a "range of options" to handle the increasing costs, which have already begun affecting margins. Meanwhile, Apple faces immediate supply constraints for Mac products including Mac mini, Mac Studio, and MacBook Neo due to SoC processor shortages, with balance not expected for several months.
