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At the same time, the bank stated that it is closely monitoring the broader impact of the Middle East conflict. As Australia's largest lender, CBA reported a cash net profit after tax of approximately AUD 2.7 billion (about USD 1.95 billion) for the three months ended March 31, compared with about AUD 2.6 billion in the same period last year. However, this figure is 1% lower than the quarterly average of the first six months of this financial year. Read more

According to Golden Ten Data on May 13, citing CME "FedWatch": There is a 97.1% probability that the Federal Reserve will keep interest rates unchanged in June, and a 2.9% probability of a cumulative 25 basis points rate cut. There is a 96% probability that the Federal Reserve will keep interest rates unchanged in July, and a 3.9% probability of a cumulative 25 basis points rate cut.

The US Commodity Futures Trading Commission (CFTC) has submitted an amicus brief to the Sixth Circuit Court of Appeals in support of the prediction market platform Kalshi, countering Ohio’s accusation that its business constitutes unlicensed sports betting. CFTC Chairman Michael Selig stated that the Ohio district court’s understanding of CFTC jurisdiction is “too narrow” and hopes the appeals court will correct this. The CFTC has recently sued multiple states to uphold its regulatory authority over prediction markets.