Breakfast Briefing | 29 June 2026 | Housing Cools as Gulf Tensions Build

Your daily wrap of the overnight news that matters for the Australian economy.In today's briefing:Australian housing keeps cooling: the softest auction sales period in more than 5 years, with many properties failing to sellFresh clashes near the Strait of Hormuz strain the fragile US and Iran ceasefire, yet oil holds near USD 69/bbl (WTI) and USD 72/bbl (Brent)China industrial profits jump 21% in May from a year earlier, to ¥3.1 trillion, on the AI investment boomECB survey shows year-ahead inflation expectations easing to 3.5%, a 3-month lowMarkets: AUD 69.0 USc, AU 10yr 4.73%, US 10yr 4.37%, gold USD 4,089/oz, Bitcoin USD 59,497Read the full Briefing with all source links: https://www.interest.com.au/economy/740/tensions-turn-persian-gulf-china-industry-profits-rise-eu-inflation-expectations-ease#BreakfastBriefing #RBA #InterestRates #AustralianEconomy #interestcomau #Housing #Oil #China #ECB #Markets