Daily-Wrap

Macro Update:The World Economic Forum’s latest Chief Economists’ Outlook indicates growing concern over the global economy, with most economists expecting weaker growth and higherInflationover the next year as Middle East tensions disrupt energy, food and fertilizerSupplychains. While regions such as Europe and the Middle …

Macro Update:Australia’s private newCapital Expenditure(capex) rose 6.5% in the March 2026 quarter and was 14.6% higher year-on-year, according to the Australian Bureau of Statistics (ABS). The increase was driven by strongInvestmentin data centre equipment, including server racks and processing hardware. Spending on equipment, plant …

Market sentiment was supported by softer-than-expected AprilInflationdata, which strengthened expectations that the Reserve Bank of Australia may leave interest rates unchanged at its June board meeting. Gains were broad-based, with 10 of the 11 sectors finishing in positive territory. Consumer Discretionary stocks led the …

Australian equities weakened asCrude Oilprices resumed their upward trend following US strikes in Iran, which reduced optimism surrounding a potential peace agreement that could reopen the Strait of Hormuz. The renewed geopolitical tensions weighed on broader market sentiment after recent gains.

Market Breadthwas positive, with six of 11 sectors finishing in the green alongside the broader index. The Materials sector led gains, advancing 1.84% on the day and up 3.45% over the past week.

Macro Update:Global economic growth showed mixed momentum in May, withBusinessactivity remaining steady in the United States while slowing across Europe and Asia as rising energy costs weighed onDemand. The conflict in the Middle East has disrupted shipping through the Strait of Hormuz, a critical …

Macro Update:Australia’s labour market weakened in April, with the seasonally adjustedUnemploymentrate rising to 4.5%, according to the Australian Bureau of Statistics (ABS). Employment declined by 19,000 people during the month, while unemployment increased by 33,000. The number of unemployed Australians seeking full-time work rose …