Tuesday 2 June 2026

Local tech stocks surged yesterday, but the sector remains the worst performer on the ASX, in sharp contrast to many other global markets.

• Broadcasters battle to win the rights to the National Rugby League
• Australian universities drop down global rankings
• A poll says One Nation is now the most popular political party in the country
• How Ford Motors pivoted away from cars and triggered a surge in its share price

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Australia’s housing market is weakening, and Sydney and Melbourne are now clearly falling. National house prices were flat in May, auction clearance rates have dropped sharply, and investors are facing major uncertainty following proposed tax changes in the federal budget.

Sean Aylmer speaks with Tim Lawless, Research Director at Cotality, about what happens next for house prices, renters, investors and first home buyers - and why this downturn looks different from previous housing cycles.

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This is the Fear & Greed Afternoon Report - everything you need to know about what happened in the markets, economy and world of business today, in just a few minutes.

1. ASX flat as tech surges

2. One Nation most popular party

3. Peter Warren tumbles 25pc

4. Corporate wrap: Lendlease, Cettire, DroneShield

5. Nvidia announces new chip

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Find out more: https://fearandgreed.com.au/

See omnystudio.com/listener for privacy information.