Daily-Wrap

Macro Update:Australia’sWage Price Index, released by theAustralian Bureau of Statistics, increased0.8% in the December quarter 2025, matching the previous quarter’s pace, whileannual wage growth edged up to 3.4% from 3.3%. Wages in both the private and public sectors rose0.8% over the quarter. On a …

Macro Update:A study by the Federal Reserve Bank of New York shows most of the 2025 Trump tariffs were paid by Americans rather than foreign exporters. About 94% of import taxes initially fell on U.S. firms and households, easing to 86% by November. The …

On the downside, Materials (-1.04%) and Utilities (-0.85%) were the main laggards, with Financials marginally lower.

Sector performance ended mixed, with nine of the eleven sectors finishing in the red alongside the broader index. Information Technology recorded the steepest decline on the session, down 5.06%, followed by Health Care, which fell 4.04%. Consumer Discretionary declined 2.36%, Materials slipped 2.02%, and …

Macro Update:The US labour market showed a firmer start to the year, with employers adding 130,000 jobs in January, above expectations. The unemployment rate edged down to 4.3%, while wage growth exceeded projections. Markets shifted Federal Reserve rate-cut expectations to July. However, revisions trimmed …

Macro Update:First home buyer loan approvals rose 6.8% to 31,783 in the December quarter of 2025, marking the strongest quarterly increase since late 2023, according to ABS data released today. The value of these loans climbed 15.5%, while investor approvals increased 5.5% and owner-occupier …

Macro Update:The UN Secretary General has urged a fundamental rethink of the global economy to stop rewarding pollution and resource depletion. After talks with leading economists, he said current accounting systems and GDP-centric measures overlook environmental damage and social wellbeing. He called for metrics …