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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 on Tuesday, gaining 71.50 points, or 0.84%, to close at 8,587.20, marking a new 50-day high. The ASX 200 mirrored modest gains on Wall Street, where the S&P 500 edged higher amid ongoing trade negotiations between the U.S. and China. Over the past five days, the ASX 200 has climbed 2.06% and now trades just 0.33% below its 52-week high. Ten of the eleven sectors ended the session higher, led by Consumer Discretionary, which rose 1.82% for the day and 2.23% over the last five sessions. Macro Update: International markets are focused on renewed U.S.-China trade negotiations held in London, with discussions centered on export controls. Investors are also awaiting key economic data this week, including May’s U.S. Consumer Price Index (CPI) and Producer Price Index (PPI) releases. These reports are expected to provide fresh insights into inflation trends and the broader effects of ongoing tariff measures on price dynamics. According to data from the Australian Bureau of Statistics (ABS), Australia’s Accommodation and Food Services sector experienced a 3.8% increase in business turnover in April, boosted by heightened consumer spending during the 10-day Easter and ANZAC Day holiday period. Additionally, the ABS reported a
Index Update: The S&P/ASX 200 closed 23.20 points lower on Friday, down 0.27% at 8,515.70, despite hitting a 50-day high earlier in the session. Gains in mining and energy stocks supported early trading following a positive phone call between U.S. President Donald Trump and China's Xi Jinping regarding trade tariffs. Over the past five days, the index rose 0.96%, marking its fourth consecutive weekly gain, though it remains 1.15% below its 52-week high. Sector performance was mixed, with nine of eleven sectors closing lower. The energy sector led gains, rising 0.70% on Friday and 1.77% for the week. Macro Update: U.S. job growth likely slowed in May amid continued uncertainty over tariffs, though not enough to prompt the Federal Reserve to cut interest rates. The Labor Department is expected to report an unchanged unemployment rate at 4.2% for the third straight month, along with steady wage growth, providing some support to the broader economy. However, economic outlook is softening, with economists citing inconsistent tariff policies and political resistance to fiscal plans as key factors undermining business confidence. May could mark the beginning of a broader slowdown in job gains. Top Market Movers: Whitehaven Coal (ASX: WHC) led the ASX gainers
Index Update: The S&P/ASX 200 edged down slightly on Thursday, slipping 2.90 points to close at 8,538.90—just below its recent high. The mild decline followed a flat session on Wall Street, where investors responded cautiously to an unexpected contraction in the US non-manufacturing sector—the first in a year—sparking speculation of at least two potential interest rate cuts by the Federal Reserve. Despite the dip, the ASX 200 has risen 1.54% over the past five days and now sits only 0.89% below its 52-week high. Out of the eleven sectors, four finished in positive territory. Information Technology led the gains, climbing 0.71% for the day and 1.09% over the week. Macro Update: The Australian dollar rose above 65 US cents, supported by a weaker US dollar against other major currencies. This gain in the local currency came after softer-than-expected domestic economic data, which heightened speculation that the Reserve Bank of Australia (RBA) might consider a rate cut as early as July. Data released by the Australian Bureau of Statistics (ABS) on 5 June 2025 revealed a decline in the nation’s trade surplus. In April, the seasonally adjusted goods balance fell by AUD 1.48 billion, with export values dropping 2.4%—largely due to
Index Update: The S&P/ASX 200 closed higher on Wednesday, extending previous day’s rally. The index rose by 75.10 points or 0.89% to finish at 8,541.80, setting a new 50-day high, breaching the psychologically important 8,500-point level. The rally came despite sluggish economic growth and global tariff tensions. Recent data showed minimal economic growth in the first quarter, boosting expectations of a potential rate cut. Over the past five days, the index has advanced 1.73% and now sits just 0.85% below its 52-week high. Nine of the eleven sectors ended in positive territory, with the energy sector leading the gains, up 2.26% for the day and 1.41% over the past week. Macro Update: Australia's economy grew modestly in the March quarter, with real GDP rising just 0.2%, according to the latest National Accounts released by the Australian Bureau of Statistics (ABS) on Wednesday. This marked a sharp slowdown from the 0.6% expansion seen in the previous quarter and came in below market expectations of 0.4%. On an annual basis, growth held steady at 1.3%, missing forecasts for a rise to 1.5% and remaining well below the historical average of 2.5%. Meanwhile, GDP per capita slipped back into negative territory, contracting by
Index Update: The S&P/ASX 200 closed higher on Tuesday, rising 52.60 points or 0.63% to reach 8,466.70, marking a new 50-day high. The Australian sharemarket posted its best session in a month, buoyed by a Wall Street rebound following reports that Beijing and Washington may resume trade talks soon. Over the past five days, the index has climbed 0.70% and currently sits 1.72% below its 52-week peak. Nine out of eleven sectors finished in positive territory, with the financial sector leading the gains, up 1.24% on the day and 1.81% over the past week. Macro Update: Australia’s current account deficit narrowed by AUD 1.7 billion to AUD 14.7 billion in the March quarter of 2025 (seasonally adjusted, current prices), according to data released today by the Australian Bureau of Statistics (ABS). The improvement was driven primarily by an AUD 1.9 billion reduction in the net income deficit, though partially offset by a AUD 0.2 billion decline in the goods and services surplus. Imports of goods and services rose by 2.2 per cent, while exports increased by 1.9 per cent over the quarter. Goods exports rose 2.9 per cent, marking a second consecutive quarterly increase, the first such streak since the
Index Update: The S&P/ASX 200 closed lower on Monday, falling 20.60 points or 0.24% to 8,414.10. The Australian sharemarket dipped as concerns over US President Donald Trump’s ongoing global trade war dampened investor appetite for risk assets. Despite the drop, the index has gained 0.64% over the past five days and remains 2.33% below its 52-week high. Sector performance was mixed, with eight of the eleven sectors declining. Telecommunications Services led gains, rising 0.39% on the day and 0.33% over the past five days. Macro Update: President Donald Trump announced on Friday that the United States will double its tariffs on steel and aluminum imports from 25% to 50%, effective Wednesday. Speaking at a rally in Pittsburgh, Pennsylvania, Trump emphasised that the increased tariffs aim to strengthen the domestic steel industry and reduce dependence on China. In response, the European Union has warned it is prepared to take action against Trump’s decision, criticising the tariff hike for undermining ongoing trade negotiations. Top Market Movers: The top gainers on the ASX included Brickworks Limited (ASX:BKW), soaring 27.59% to AUD 35.10, Washington H Soul Pattinson & Company Limited (ASX:SOL) rising 16.44% to AUD 43.00, and Generation Development Group Limited (ASX:GDG), up 4.51%
Index Update: The S&P/ASX 200 closed higher on Friday, rising 24.90 points or 0.30% to 8,434.70, capping a positive May where the benchmark rallied 3.8%, its best month since January. Over the past month, all 11 sectors posted gains alongside the index. However, Australian shares traded flat in the early hours on Friday following an update on Trump administration tariffs, a day after they were blocked by a trade court. Over the last five days, the index has gained 0.88% and remains 2.10% below its 52-week high. Seven of the 11 sectors ended higher Friday, with utilities leading the gains at +1.18%, recovering from a recent decline despite being down 0.68% over the past five days. Macro Update: Industry-wide operating profits in Australia declined by 8.6 per cent in 2023–24, according to new data released by the Australian Bureau of Statistics (ABS), highlighting the toll taken by inflationary pressures, rising interest rates, and weaker global demand. Despite the overall downturn, the transport industry recorded the largest rise in operating profit, reaching AUD 19.4 billion. Meanwhile, in the retail sector, turnover slipped by 0.1 per cent in April 2025, following modest gains in March (0.3 per cent) and February (0.2 per
Index Update: The Australian sharemarket edged up on Thursday, propelled by a rally in energy stocks. The S&P/ASX 200 closed 12.90 points higher, or 0.15%, at 8,409.80, reaching a new 50-day high. Over the past five days, the index has gained 0.73% and currently sits 2.38% below its 52-week peak. Seven of the 11 sectors finished in positive territory, with energy leading the charge, climbing 1.33% for the day and 5.13% over the past week. Macro Update: Private new capital expenditure (capex) declined by 0.1 per cent in the March quarter of 2025 and was 0.5 per cent lower compared to the prior corresponding period, according to seasonally adjusted, chain volume measures released today by the Australian Bureau of Statistics (ABS). The overall decline in investment was driven by a 0.9 per cent fall in non-mining industries, while investment in the mining sector rose by 1.9 per cent. The ABS also released updated forecasts for business investment over the coming financial years. Businesses have revised up their expected capex for 2024–25 by 2.2 per cent (in current prices), while expectations for 2025–26 have increased by 5.6 per cent compared to the previous estimates made three months ago. Top Market Movers:
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