Cash rate lifted to 1.35%, economists tip plunge in housing market over next 12 months, Qld nears its energy cap for second consecutive month, + MORE.

Ukrainian troops lose final eastern stronghold to Russian forces, UBS tips home lending to drop by 30-40%, 23 NSW LGA's declared flood zones, and MORE.

Central bank leaders say low inflation environment now behind us.

Sydney experiences severe weather conditions, futures point to 96-point rise for the ASX, will interest rates still go up tomorrow? + MORE.

A 2% fall on 30 June leaves the ASX200 in a technical correction.

New Zealand tipped to enter a recession in 2023, Australia ranks 9th best nation for living with covid, CBA hikes fixed interest rates by 140 bps, and MORE.

PM Albanese commits to 43% emissions reduction target in Paris, Qantas reduces commissions with travel agents, New Zealand PM Jacinda Ardern warns NATO of China's rejection of international norms, + MORE.

NATO labels China a "challenge" to the organisation and is set to increase military presence in Europe, Netflix to focus on Asia Pacific to rebuild from significant losses, ASIC overturns appeal against payday lending company, and MORE.

Russia defaults on foreign debt for first time since 1918, Aussie Millennials on par with Boomers in population share, G7 leaders consider placing price cap on Russian oil, + MORE.

Let's take a look at the key economic updates to start the week.

ASX futures point to strong share market opening today, China's economy sees muted improvement in June, 30% of homes listed for auction last week withdrawn, + MORE.

I really wanted to tell you a positive stocks story but Rupert Murdoch got in my way!