1. Australia’s RBA Cuts Rate to 3.6% amidst Global Market Optimism
Australia’s Reserve Bank reduced its official cash interest rate by 0.25 percentage points to 3.6%, its third cut this year—prompting optimism from both households and financial markets. The cut, spurred by easing inflation, arrived alongside political tensions over Australia’s recognition of Palestinian statehood.
2. Global Markets Rally as Trade Truce Extends
Global markets opened higher thanks to the extension of the U.S.–China tariff truce. Japanese equities hit record highs, and Australian markets remained near peak levels. Investor focus now shifts to upcoming U.S. and UK economic data sets that could influence future policy.
📎 Read the market overview on Reuters
3. Perseid Meteor Shower Peaks Tonight
The annual Perseid meteor shower is expected to dazzle the night sky on August 12–13. Although the nearly full Sturgeon Moon may obscure some meteors, stargazers in dark locations could still spot several — with tips recommending observation post-midnight for the best view.
📎 Viewing tips on Economic Times
4. Taylor Swift Drops New Album Announcement
Taylor Swift has officially announced her 12th studio album, titled “The Life of a Showgirl.” The surprise reveal followed a countdown on her website that briefly crashed due to fan activity. Preorders are set to begin before October, with details on artwork and track list to debut on the “New Heights” podcast on August 13.
