1. OECD forecasts slow recovery for global growth

In its latest economic outlook released on Tuesday, the Organization for Economic Cooperation and Development (OECD) has predicted that recovery will be slow for most countries, except China. The forecasted growth for the global economy is 4.2% next year, with China expecting around 10% by the end of the year.

2. Lack of leadership and strategy leads to brain death

NATO foreign ministers will meet this week to discuss a report recommending new strategies to confront challenges from China and Russia. French President Emmanuel Macron had said a year ago that NATO was experiencing a “brain death,” due to a lack of American leadership and strategic coordination. The NATO alliance hopes to address issues threatening Western security and coordinate Western policies towards China.

3. ASX outage under investigation

The trading outage on the ASX last month is under investigation, after a suspected ‘damaging software bug’ crippled the local share market. “We know what went wrong. We are trying to work out why that wasn’t picked up,” ASX Chief Executive Dominic Stevens said.

4. Japanese space capsule to land in South Australia

A capsule dropped from Japan's Hayabusa2 spacecraft is set to land in the Woomera Prohibited Area in South Australia early on Sunday morning. The capsule contains soil samples of the Ryugu asteroid location about 300 million kilometres from Earth. "We are hoping to find clues to the origin of life on Earth by analysing details of the organic materials brought back by Hayabusa2," said Hayabusa2 project mission manager Makoto Yoshikawa.

5. Wall Street bounces back

The major indexes on Wall Street have erased the losses from Monday's session. There were new record high closes for the S&P 500, which gained 40.82 points or 1.13% to 3,662.45, and the Nasdaq, which lifted 156.37 points or 1.28% to 12,355.11. The Dow Jones rose by 185.28 points or 0.63% to 29,823.92.