CHINA WEATHER: RAIN TO PERSIST SOUTH OF THE YANGTZE RIVER OVER NEXT THREE DAYS; SOUTH CHINA HEAT TO INTENSIFY WITH POSSIBLE RECORD HIGHS

CHINA'S STAR 50 INDEX UP OVER 2%

Stepping back from the Middle East conflict, there are nine key consequences likely to emerge, according to Shane Oliver of AMP. He highlights higher prices and inflation, elevated geopolitical risk, a renewed global terrorism threat, and increased defence spending. Other effects include greater investment in oil and gas infrastructure, a stronger push toward renewables and nuclear energy, and renewed pressure to onshore supply chains. Oliver also points to a more crisis-prone global environment and expanding government intervention with rising public debt, which he says could further fuel populism.