Daily-Wrap

The benchmark has gained 1.15% over the past five sessions and remains just 0.50% below its 52-week high. Sector performance was mixed, with more sectors finishing lower despite the broader market gain. Energy led the advance, jumping 3.91% on the day and extending its …

Macro Update:In Australia, attention is turning to Tuesday’s Reserve Bank decision. Following better-than-expectedInflationdata, most economists expect the RBA to leave interest rates unchanged. However, resilient household spending and continued price pressure in domestically driven parts of the CPI have kept the risk of further …

Market sentiment was tempered by a rise in oil prices after Iran threatened to restrict US and Israeli vessels from passing through the Strait of Hormuz under a proposed regional shipping arrangement.

Macro Update:Australia’s seasonally adjusted goods trade surplus increased by AUD 4.296bn in June 2026, according to the ABS. Goods exports rose AUD 4.196bn, or 9.6%, mainly due to non-monetary gold, while imports slipped AUD 100mn, or 0.2%, as fuel and lubricant purchases declined. Globally, …

Macro Update:Australian living costs rose between 0.5% and 1.5% in the June 2026 quarter, according to the Australian Bureau of Statistics, with employee households recording the largest increase. Insurance and financial services, food and housing drove the rise, while mortgage interest charges climbed 8.2% …

Macro Update:Australian household spending rose 0.8 per cent in June 2026 on a seasonally adjusted basis, following a 1.2 per cent increase in May and a 1.0 per cent decline in April, according to the ABS. Discretionary spending climbed 1.2 per cent, led by …

Macro Update:According to media reports, US President Donald Trump said fresh negotiations with Iran would begin on Monday after he called off planned “massive” strikes. Trump said Iran and several US allies in the Middle East had urged restraint as the broad terms of …