Brazilian government to gradually reduce emergency fuel subsidies.

AMP chief economist Shane Oliver said Australia’s 30-year housing supercycle may be nearing its end. He cited a reversal in mortgage rates after three decades of decline toward a sustained upward trend, housing affordability at historic lows, the removal of most property tax concessions and a political tilt toward tighter immigration as material headwinds for prices. He added that a persistent housing shortage remains: building approvals have risen but remain well below the government’s annual target of 240,000 new homes.

President Trump said the Supreme Court's ruling expands presidential control over federal agencies and restores more executive authority to the White House; after losing a birthright citizenship case, he said he will push Congress to pass legislation to correct the decision.