A building collapsed in Mumbai, India, on the 5th (local time), killing at least six people.

Weakening commodity prices and a surge in imports tied to data-centre construction have narrowed Australia’s goods trade surplus and could produce the first annual trade deficit since 2016. Fuel and equipment imports have jumped while exports have stalled; the government forecasts major commodity export receipts will rise only 3% in the current fiscal year. After years of mining-driven export gains, softer commodity prices are expected to weigh on export income. A return to deficit would likely pressure the AUD and tighten fiscal space.

CENC automatic determination: at 23:03 today a magnitude-4.7 earthquake occurred near Mianzhu, Deyang, Sichuan (31.59°N, 104.00°E). Final parameters to be confirmed in the official rapid bulletin.