Business
Salah Injury Doubt as Socceroos Chase Historic First Knockout Win
DALLAS — Two nations that have never won a World Cup knockout match meet Friday at Dallas Stadium with a place in the round of 16 on the line, and the contest that should be one of the round of 32’s most evenly matched fixtures has been further complicated by significant injury concerns surrounding Egypt’s captain and all-time greatest player.
Mohamed Salah, the 34-year-old who lit up Egypt’s group stage campaign with his creativity and goal threat, is a major doubt for Friday’s match after suffering a hamstring strain in the final minutes of Egypt’s 1-1 draw with Iran. Salah was withdrawn in the second half of that match and did not train with the rest of the Egyptian squad on Monday, focusing instead on rehabilitation work as he attempts to recover sufficiently to take some part against the Socceroos. His status remains uncertain heading into kickoff at 2 p.m. ET.
The potential absence of Salah would be a significant blow to an Egyptian side that has leaned heavily on his creative output throughout the tournament. Salah generated 11 chances for teammates during the group stage, a figure that placed him second among all players in the tournament during that phase, behind only Belgium’s Leandro Trossard, who created 13. Without him, Egypt lacks a comparable creative presence capable of consistently unlocking organized defensive structures, and Australia’s compact shape has proven very difficult to break down throughout the tournament.
The injury concerns extend beyond Salah. Left-back Ahmed Fatouh has been ruled out with a hamstring tear of his own, while central defender Mohamed Abdelmonem is also listed as a doubt due to an ankle injury. The combination of those two absences could leave Egypt vulnerable across the defensive backline even as they attempt to manage without their captain and primary attacking threat.
Australia, meanwhile, arrives in Dallas without full-back Jacob Italiano and experienced midfielder Mathew Leckie, both of whom suffered tournament-ending injuries during the group stage. Despite losing both players, coach Tony Popovic is expected to continue with Aziz Behich at left-back and Jordan Bos on the opposite side of the defensive line, maintaining the structure that has given Australia its characteristic compactness throughout the competition.
Australia’s group stage results tell a story of a team that has not yet fully found its attacking rhythm. The Socceroos opened with a 2-0 win over Türkiye, following up with a 2-0 loss to the United States and a goalless draw against Paraguay. Of all sides that finished in the top two of their group at this year’s competition, only Croatia’s 24 shots were fewer than Australia’s 26, and no qualifying side generated a lower overall expected goals figure at 2.1. In their final two group matches, Australia managed only 17 combined shots with a total expected goals value of 0.9, a figure suggesting the team will need to create opportunities more efficiently in single-elimination play if they are to progress.
Australian striker Tete Yengi acknowledged the challenge of scoring against organized opponents while expressing confidence that the knockout format would unlock his team’s offensive output.
“There haven’t been easy games. We’ve been against good opposition, good defensive organisation, so it’s difficult to score,” Yengi said. “But we’re through now to the knockout stages, so we have to score now to win, so we’ll do that I think.”
Despite Egypt entering as narrow favorites according to Opta’s supercomputer modeling, which ran 25,000 pre-match simulations and produced Egypt winning 39.7% of them against Australia’s 28.4% and a draw occurring 31.9% of the time, the fixture is statistically the closest matchup of the entire round of 32. Egypt’s overall probability of advancing across all possible outcomes including extra time and penalties stands at 55.8%, compared with Australia’s 44.2%, making this genuinely the most open single-elimination contest of the knockout phase.
The defensive quality Australia brings to the match is genuine and measurable. Opta’s data shows that the average expected goals value of shots the Socceroos allowed in the group stage was just 0.052 per attempt, the second-lowest figure at the tournament behind Spain. Australia’s defensive organization has been the consistent thread through the competition even as the attack has sputtered, and their record against African opposition at World Cups is entirely positive: a 1-1 draw with Ghana in 2010 and a 1-0 win over Tunisia in 2022.
The goalkeeper story running through Australia’s campaign adds another dimension. Popovic’s surprise decision to bench veteran starter Matthew Ryan, the team’s long-serving captain, in favor of the inexperienced Patrick Beach has been one of the tournament’s more unexpected individual subplots. Beach, who plays domestically for Melbourne City and arrived at the tournament with just five international caps, has responded with two clean sheet performances and has been sharp in the moments that required him to make saves under pressure. His performance Friday could be decisive in a match where both teams are likely to be cautious in how they approach the first half.
Egypt’s group stage run was genuinely historic for the country. Their three-game unbeaten sequence, built on a 3-1 victory over New Zealand in which Salah scored, a hard-fought goalless draw with New Zealand’s opponents and the 1-1 result against Iran, represented the longest unbeaten run Egypt has ever had at a World Cup, and they scored as many goals across those three games as they had in their seven previous appearances at the tournament combined.
For the winner, a round of 16 matchup against Argentina awaits in Atlanta on July 7. That prospect of facing Lionel Messi and the reigning champions has been acknowledged in both camps’ public comments without requiring any particular elaboration. Both Australia and Egypt would represent significant obstacles to Argentina’s title defense regardless of how the bracket reads on paper, but getting there requires winning Friday’s match first.
The two nations have met just twice in senior competition previously, with Australia winning a 1987 tournament encounter on penalties and Egypt winning a 2010 friendly 3-0. Five members of the current Australian squad were also part of the team eliminated from the Tokyo Olympics by Egypt 2-0. That history is modest enough to offer little guidance for what happens when the referee blows the opening whistle in Dallas.
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Investors looking for shelter from AI storm are turning to India
With the artificial intelligence frenzy roiling benchmark gauges from Asia to the US, the NSE Nifty 50 Index is becoming a safe haven of sorts for global investors. In the first half of the year, it moved 1% or more on just about one-third of the days — less than the MSCI Emerging Markets Index and barely more than the S&P 500 Index.
India’s lack of AI plays has been a hurdle most of the year as investors turned to markets like South Korea and Taiwan that delivered stellar returns. But with concerns mounting over the sustainability of that trade, interest in India is slowly coming back. In June, the Nifty 50 outperformed the MSCI Emerging Markets Index by the most since November, while foreign outflows were the smallest in four months.
“India’s calm comes down to one thing: It sits outside the AI trade,” said Maxence Visseau, chief investment officer of Arkevium Capital in Dubai. His firm is neutral on the market and uses it as a diversifier, he said. “India works as an AI hedge inside the EM complex.”
ETMarkets.comIndian equities remain some of the world’s worst performers this year, but the tide is starting to turn as the rupee stabilizes after hitting a record low and oil gains that tanked shares of refiners and airlines recede on easing tensions in the Middle East. That’s reduced inflation concerns and brightened prospects for India’s economic growth, according to a government report at the end of June.
At the same time, market players are getting more upbeat about the upcoming earnings season, which Tata Consultancy Services Ltd. kicks off on Thursday.
“The fall in commodity prices has altered the macro outlook for India almost overnight,” said Sandip Sabharwal, founder of research house Asksandipsabharwal.com in Mumbai. “Lower commodity prices, improving capital flows and stable interest rates create an environment where earnings upgrades are likely to exceed downgrades over the coming quarters.”In a note to clients, Morgan Stanley analysts including Ridham Desai wrote last month that India has become a “much larger macro asset class.” The less volatile inflation data in recent years support equity valuations and turn the market into one of defensive growth that can withstand global shocks better than it used to, they said. Over the past decade, the Nifty 50 almost tripled, delivering annual gains of more than 10% on six separate years.
The benchmark index logged 38 sessions with moves of 1% or more in either direction in the first six months of 2026, compared with 59 for MSCI’s emerging-market and Asian gauges and 32 for the S&P 500. South Korea’s Kospi index was off the charts, with 79 days of fluctuations of at least 1% — or two-thirds of the days in 2026.
ETMarkets.comMeanwhile, the India NSE Volatility Index dropped for a third straight month in June, falling below its one-year average and reaching its lowest level since February on Friday. That’s a far cry from April, when the gauge of option prices was at a one-year high relative to the Cboe Volatility Index, shortly after the Nifty 50 tanked to a low.
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“India was held back earlier this year by higher energy prices, elevated valuations and limited exposure to the AI trade,” said Ben Powell, chief investment strategist for the Middle East and Asia Pacific at BlackRock Investment Institute. “As those pressures have eased, investors may look beyond AI-heavy markets. That could put India back on investors’ radar as a differentiated opportunity within emerging markets.”
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