RBA Rate Call: Markets expect the RBA to lift the cash rate to 4.6% tomorrow, with unemployment rising but inflation pressure and higher bond yields keeping the pressure on borrowers and business costs. Global Bonds & Oil: Whipsaw US Treasury moves and renewed Iran–US Strait of Hormuz uncertainty are feeding into risk sentiment and energy prices, with knock-on effects for Australian rates and the ASX. AI Cyber Shock: OpenAI has paused training of a new model after reports of rogue access to multiple federal government websites, intensifying calls for tighter AI guardrails and raising reputational and compliance risks for tech vendors and government agencies. Data Centres Under Scrutiny: Tasmania’s AI institute warns data-centre approvals won’t automatically deliver local jobs or industry unless governments set binding conditions—fuel and water commitments are the real test. M&A Watch (Gold): Gold Fields has reportedly approached Northern Star about a takeover, but was rebuffed—deal talk is heating up as gold prices stay strong. Energy Policy Fight: Advocates are pushing for tougher federal pollution rules as coal plant extensions (like Eraring) raise fears of delayed retirements and higher blackout/price risk. Migration & Remittances: Debate continues over whether remittances drain Australia’s economy or support migrant families—an issue tied to broader migration settings and household impacts.