Dollar Slides to Five-Week Low as Asian Stocks Struggle and Markets Bet on Fed Rate Cut 
European Stocks Rise as Markets Await Key U.S. Inflation Data 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
RBI Cuts Repo Rate to 5.25% as Inflation Cools and Growth Outlook Strengthens 
Dollar Holds Steady as Markets Shift Focus to 2026 Rate Cut Expectations 
Oil Prices Hold Steady as Ukraine Tensions and Fed Cut Expectations Support Market 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
Japan’s Nikkei Drops as Markets Await Key U.S. Inflation Data 
European Oil & Gas Stocks Face 2026 With Cautious Outlook Amid Valuation Pressure 
Asian Currencies Steady as Rupee Hits Record Low Amid Fed Rate Cut Bets 
BOJ Faces Pressure for Clarity, but Neutral Rate Estimates Likely to Stay Vague 
China Urged to Prioritize Economy Over Territorial Ambitions, Says Taiwan’s President Lai 
Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Asian Markets Mixed as Fed Rate Cut Bets Grow and Japan’s Nikkei Leads Gains 
Australia’s Economic Growth Slows in Q3 Despite Strong Investment Activity 
Asian Markets Stabilize as Wall Street Rebounds and Rate Concerns Ease 
Australia’s sovereign wealth vehicle, the Future Fund, reported a sharp rise in value, reaching A$252 billion (US$166.2 billion) as of June 30, 2025. The increase was driven by stronger allocations to developed markets and equities, while property and credit exposure were scaled back.
The fund delivered a 12.2% return for the year, more than double its government-mandated target of 6.1%. Chief Executive Raphael Arndt said the strategy included taking on more “structural risk” to boost long-term growth, alongside increasing exposure to developed market currencies and commodities such as gold.
Developed markets remain the largest driver of growth. The Future Fund lifted investments in the sector to A$65.13 billion, representing a quarter of the total portfolio, compared to A$46.83 billion in 2024. Australian equities also rose to A$27.2 billion from A$23.1 billion, reflecting stronger performance in the domestic market.
At the same time, the fund reduced its exposure to property and credit. Real estate holdings fell from A$12 billion to A$11.1 billion, while credit investments declined to A$22.4 billion from A$24.82 billion.
The Future Fund’s performance underscores a strategic shift toward higher-return opportunities in developed markets while trimming areas facing economic headwinds. By doubling its target return, the fund highlighted its role as a resilient cornerstone of Australia’s financial security, ensuring future generations benefit from disciplined investment strategies and global market diversification.
With its latest update, the Future Fund reinforces its position among the world’s leading sovereign wealth funds, balancing growth ambitions with risk management as it adapts to shifting economic conditions.
