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A concise overview of the day's financial market activity, highlighting key stock movements, trends, and major events. Stay updated on market performance and critical shifts that impact your investments.
Index Update: The S&P/ASX 200 rose 7.20 points on Friday to close at a record 8,603.00. It finished above the key 8,600-point level for the first time ever as investors snapped up retail stocks in anticipation of a possible interest rate cut from the Reserve Bank next week. The index rose 1.04% over the past five sessions and now sits just 0.42% below its 52-week high. Gains were broad-based, with eight of eleven sectors advancing, led by consumer discretionary, which climbed 0.81% on the day and 1.94% over the week. Macro Update: Household spending in Australia climbed 0.9 per cent in May, seasonally adjusted, according to figures released today by the Australian Bureau of Statistics (ABS). The increase follows a flat result in April and a modest 0.1 per cent decline in March. The latest rise was fuelled by higher spending on discretionary goods and services, which grew by 1.1 per cent as consumers splurged on clothing and footwear, new vehicles, and dining out. Non-discretionary spending also edged higher, up 0.5 per cent in May, marking its fifth consecutive monthly increase. Top Market Movers: Clarity Pharmaceuticals (ASX: CU6) led the S&P/ASX 200 gainers on Friday, jumping 6.91% to close at
Index Update: The S&P/ASX 200 slipped marginally on Thursday, closing down 1.90 points at 8,595.80. Despite the slight dip, the index has risen 0.53% over the past five sessions and remains just 0.50% below its 52-week high. Sector performance was mixed, with three sectors finishing higher and eight lower. Materials led the gains, advancing 3.02% on the day and up 6.28% over the past week. Macro Update: The United States will impose a 20% tariff on numerous Vietnamese exports, a rate lower than initially threatened, President Donald Trump announced on Wednesday, easing trade tensions with America’s tenth-largest trading partner just days before potential broader tariff hikes on imports. Trump stated that while Vietnamese goods will face a 20% duty, trans-shipments from third countries routed through Vietnam will be taxed at a higher 40% rate. In a reciprocal move, Vietnam will be allowed to import U.S. products tariff-free. Top Market Movers: Pilbara Minerals (ASX: PLS) led the gainers on Thursday, rising 11.31% to close at AUD 1.525. Whitehaven Coal (ASX: WHC) gained 8.20% to AUD 6.070, while Pro Medicus (ASX: PME) advanced 7.78% to AUD 307.390. On the losing side, Boss Energy (ASX: BOE) dropped 5.86% to AUD 4.180, Mesoblast (ASX:
Index Update: The S&P/ASX 200 closed higher on Wednesday, rising 56.60 points or 0.66% to a record closing high of 8,597.70. The Australian sharemarket was buoyed by weaker-than-expected retail data, which strengthened expectations of a potential interest rate cut by the Reserve Bank next week. Over the past five days, the index has gained 0.45% and now sits just 0.48% below its 52-week high. Ten of the eleven sectors finished in positive territory, with A-REITs leading the gains, up 1.85% for the day and 0.51% over the past week. Macro Update: Australian retail turnover rose by 0.2 per cent in May 2025, according to seasonally adjusted figures released by the Australian Bureau of Statistics (ABS). This follows a flat result in April and a similar 0.2 per cent increase in March. The modest rise in May was primarily driven by a rebound in clothing purchases, which helped lift overall spending. However, the broader retail environment remained subdued, with declines in food-related spending and little to no change in household goods sales, highlighting ongoing consumer caution. Top Market Movers: Perpetual Limited (ASX: PPT) led the gains on Wednesday, jumping 8.75% to AUD 20.14. Magellan Financial Group (ASX: MFG) rose 5.96% to
Index Update: The S&P/ASX 200 slipped just 1.20 points on Tuesday to close at 8,541.10, capping a flat session for the Australian sharemarket amid caution over ongoing U.S. tariff negotiations. The index remains 1.13% below its 52-week high and was little changed over the past five days. Sector performance was mixed, with five sectors rising and six declining. Utilities led gains, climbing 0.92% as it rebounded from recent losses, though it remains down 0.28% for the week. Macro Update: Job vacancies in Australia rose by 2.9% to 339,400 in May 2025, according to quarterly figures from the Australian Bureau of Statistics (ABS) released last week. This increase followed a decline in the three months to February 2025 and was largely driven by industries employing a high proportion of skilled workers, such as professional, scientific and technical services, and construction. Despite the quarterly rise, job vacancies in May 2025 were 2.8% lower than a year earlier, marking the smallest annual fall in vacancies over the past two years. Meanwhile, the number of unemployed people per job vacancy edged up from 1.7 to 1.8 over the year but remained well below the pre-pandemic level of 3.1 recorded in February 2020, signalling ongoing
Index Update: Australian shares ended the last trading session of FY25 on a positive note with the equity benchmark S&P/ASX 200 rising 28.10 points, or 0.33% to close at 8,542.30. The index registered ~10% gain in FY25 and is up 3.40% over the past six months, marking its sixth consecutive half-yearly gain. Over the last five days, the index has gained 0.43% and remains just 1.12% below its 52-week high. Seven of the 11 sectors ended the day higher alongside the broader market, with Health Care emerging as the best-performing sector, rising 1.58% on Monday. Macro Update: The Bank for International Settlements (BIS) has warned that trade tensions and geopolitical fractures threaten to reveal vulnerabilities in the global financial system in its latest world economy assessment. Released ahead of President Trump’s July 9 tariff deadline, the report highlights diminishing resilience of the global economy amid ageing populations, climate change, and supply chain strains. The post-COVID inflation surge has also altered public perceptions of prices. Meanwhile, the bank stated that rising public debt heightens financial risks, curtailing governments’ capacity to counter economic crises through fiscal stimulus. Top Market Movers: On Monday, the top three gainers on the ASX were NIB Holdings
Index Update: Australian equities closed lower on Friday, weighed down by losses in the Financials, Health Care, and REIT sectors. The S&P/ASX 200 dropped 36.60 points, or 0.43%, to finish at 8,514.20. Although the index ended the week nearly flat, it remains 1.45% below its 52-week high. Sector performance was mixed, with eight of the eleven sectors declining. Materials outperformed, rising 2.27% on Friday and posting a 1.78% gain over the week. Macro Update: The U.S. economy contracted at an annualised rate of 0.5% between January and March, marking the first decline in three years, according to Thursday’s Commerce Department report. The contraction followed 2.4% growth in the previous quarter and was largely attributed to a surge in imports, as businesses and consumers accelerated purchases of foreign goods ahead of anticipated tariffs under President Donald Trump’s trade policies. The import spike temporarily disrupted domestic production and weighed on overall economic activity. Top Market Movers: On the ASX, Alcoa Corporation (ASX:AAI) surged 7.719% to AUD 45.910, leading gains, while Neuren Pharmaceuticals Limited (ASX:NEU) rose 6.686% to AUD 14.200, and Capstone Copper Corp. (ASX:CSC) advanced 6.651% to AUD 9.460. Among the top losers, Reece Limited (ASX:REH), APA Group (ASX:APA), and Flight Centre
Index Update: The S&P/ASX 200 Index slipped 8.40 points to close at 8,550.80 on Thursday, marking a marginal decline. Over the past five sessions, the benchmark has risen 0.32% but remains 1.02% below its 52-week high. Sectoral performance was mixed, with seven of the 11 sectors ending the day in negative territory. Health Care emerged as the top performer, advancing 0.48% on the day and 0.50% over the five-day period. Macro Update: Household wealth in Australia rose 0.8% (AUD 137.1 billion) in the March quarter 2025, driven by a 1.2% (AUD 125.3 billion) increase in residential land and dwelling values, according to the Australian Bureau of Statistics (ABS). This property value growth contributed approximately 0.7 percentage points to overall wealth gains. However, national investment fell by AUD 21.7 billion to AUD 157.7 billion, with general government investment declining by AUD 3.2 billion to AUD 25.9 billion due to reduced capital formation across all levels of government. In labour market trends, job vacancies rose 2.9% to 339,400 in May 2025, rebounding after a decline recorded in the February quarter. Top Market Movers: Top gainers on the ASX included Clarity Pharmaceuticals (ASX: CU6), which surged 14.35% to close at AUD 2.39, followed
Index Update: The ASX remained largely flat on Wednesday, closing up just 3.70 points at 8,559.20, despite the US market closing green last night. Over the past week, the S&P/ASX 200 has gained 0.33% and sits 0.92% below its 52-week high. Despite the overall index gain, more sectors ended in the red than in the green. The financial sector emerged as the top performer, climbing 1.09% on the day and 3.69% over the past five days. Macro Update: Australia's Consumer Price Index (CPI) rose by 2.1% in the 12 months to May 2025, down from 2.4% in April, according to the latest figures from the Australian Bureau of Statistics (ABS). This marks the lowest CPI inflation reading since October 2024, signalling a continued easing in price pressures. The largest contributors to the annual increase were food and non-alcoholic beverages (+2.9%), housing (+2.0%), and alcohol and tobacco (+5.9%). Trimmed mean inflation, a key measure watched by the Reserve Bank of Australia to assess underlying price trends, eased to 2.4% in May, its lowest level since November 2021. Housing inflation also slowed to 2.0% in May, compared to 2.2% in April. Top Market Movers: Top gainers of Wednesday on the ASX included
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