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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 Australian equity benchmark closed higher on Tuesday, driven by gains in technology and healthcare stocks. The S&P/ASX 200 rose 59.90 points, or 0.70%, to finish at 8,630.30, marking a fresh record high. Over the last five days, the index has gained 0.46% and is currently 0.10% off its 52-week high. Ten of eleven sectors advanced, with Information Technology leading the rally, up 2.16% after recovering from recent declines. Macro Update: Consumers stand to save AUD 1.2billion annually under a sweeping Reserve Bank of Australia proposal unveiled Tuesday, aiming to ban all surcharges on credit and debit card transactions across eftpos, Mastercard, and Visa networks. The plan also demands banks disclose hidden retailer fees and seeks to lower interchange fees, benefiting 90% of businesses. The RBA’s overhaul goes significantly further than measures previously proposed by the Albanese government. Top Market Movers: Life360 Inc. (ASX: 360) led gains on the Australian market Tuesday, climbing 7.97% to close at AUD 35.23. Paladin Energy Ltd (ASX: PDN) followed with a 7.85% rise to AUD 7.69, while Lifestyle Communities Limited (ASX: LIC) advanced 7.71% to AUD 4.47. Among the top decliners, Pilbara Minerals Limited (ASX: PLS) fell 4.55%, Nufarm Limited (ASX: NUF)
Index Update: The S&P/ASX 200 closed lower on Monday, slipping 9.70 points or 0.11% to finish at 8,570.40, after a volatile session that saw the index recover briefly in the afternoon following early losses. Market sentiment wavered as investors digested comments from U.S. President Donald Trump, who announced a 30% tariff on goods from the European Union and Mexico, effective 1 August 2025. Over the past five sessions, the ASX 200 has declined 0.38% and now trades 0.80% below its 52-week high. Sector performance was mixed, with seven of the 11 sectors closing in negative territory. The energy sector led the gains, rising 0.54%, though it remains down 0.07% for the week. Macro Update: U.S. President Donald Trump escalated trade tensions with a series of tariff announcements targeting multiple countries. On Friday, he proposed raising the baseline tariff rate on all trading partners to 15% or 20%, up from the current 10%. Australia currently faces a 10% baseline tariff on most exports to the United States. In a follow-up post on his social media platform on Saturday, Trump declared that imports from the European Union and Mexico would be subject to a 30% tariff starting 1 August 2025. The announcement
Index Update: The S&P/ASX 200 closed lower on Friday, slipping 9.10 points or 0.11% to settle at 8,580.10, after briefly trading above 8,600 in early trading. The index reversed gains as renewed trade tensions weighed on sentiment following comments from US President Donald Trump. Over the past five sessions, the ASX 200 has declined 0.27% and now sits just 0.68% below its 52-week high. Despite overall market weakness, the materials sector outperformed, rising 1.82% on the day and 0.80% over the week, making it the sole gainer among the 11 sectors. All other sectors ended in the red, with A-REIT sector posting the steepest drop of 1.48%. Macro Update: U.S. President Donald Trump announced a 35% tariff on Canadian goods starting 1 August, just days ahead of the deadline for a new trade deal. The announcement, made via Truth Social, is part of a broader threat to impose blanket tariffs of 15–20% on most U.S. trade partners. The latest move raises questions over whether goods currently under the existing Canada-United States-Mexico Agreement (CUSMA) will be affected. Trump has already imposed a 25% auto tariff and a 50% global levy on aluminium and steel, with Canada hit particularly hard despite exemptions.
Index Update: The S&P/ASX 200 closed higher on Thursday, advancing 50.60 points or 0.59% to finish at 8,589.20, moving above its 20-day moving average. The index neared record territory, buoyed by a positive lead from Wall Street after the US Federal Reserve maintained a dovish stance and Chinese construction data pointed to a possible recovery. Notably, Nasdaq Composite ended previous day session 0.94% higher at 20,611.34 points and Dow Jones Industrial Average ended 0.49% higher at 44,458.30 points. While the benchmark is virtually flat over the past five sessions, it now sits just 0.58% below its 52-week high. Seven of the eleven sectors ended in positive territory, with Materials emerging as the top performer, climbing 1.24% for the day, though still down 1.96% over the week. Macro Update: U.S. President Donald Trump has announced a new round of tariffs on five countries—Malaysia, Kazakhstan, Myanmar, Laos, and South Africa—effective August 1. Malaysia and Kazakhstan will face 25% tariffs targeting exports such as electronics, energy, and industrial metals. Myanmar and Laos are subject to steeper 40% tariffs, while South Africa will be hit with a 30% rate. The announcement, made via official letters and Trump’s Truth Social account, includes a warning that
Index Update: The S&P/ASX 200 fell 52.10 points, or 0.61%, to close at 8,538.60 on Wednesday, slipping below its 20-day moving average. The index has lost 0.69% over the past five days and sits 1.16% beneath its 52-week high. The market opened weaker, pressured mainly by sharp declines in metals and mining stocks, especially gold miners. A stronger US dollar, fresh US tariffs effective today, and softening commodity prices fueled sector-wide caution. Seven of the eleven sectors ended lower alongside the broader index. Utilities bucked the trend, rising 1.06% on the day and 3.08% over the last five sessions. Macro Update: U.S. President Donald Trump on Tuesday confirmed that a series of new tariff letters will be issued “today, tomorrow, and for the next short period,” with the fresh levies set to take effect from 01 August 2025, without delay. The announcement follows his Monday threat to impose higher tariffs on over a dozen countries, though he hinted at potential flexibility to negotiate deals before the deadline. Trump also accused the BRICS bloc of being designed to “hurt” the U.S. and “degenerate” the dollar, warning that its member nations would face a 10% tariff under the new trade measures. Top
Index Update: The S&P/ASX 200 edged up 1.40 points on Tuesday to close at 8,590.70, showing resilience despite the RBA’s decision to hold rates steady. The index has risen 0.58% over the past five days and sits just 0.56% below its 52-week high. Sector performance was mixed, with four sectors advancing and seven declining. Telecommunications Services led gains, rising 0.48% on the day and up 0.32% across the past week. Macro Update: The Reserve Bank of Australia held the cash rate steady at 3.85% today, opting for caution amid moderating inflation and global uncertainties. Inflation has eased significantly from 2022 peaks, with trimmed mean inflation at 2.9% in March, yet recent CPI data came in slightly higher than anticipated. While domestic demand is gradually improving and labour markets remain tight, risks persist from global trade tensions and weak productivity growth. The Board voted 6-3 to pause, awaiting further data to confirm inflation’s sustainable return to the 2.5% target, while reaffirming its commitment to price stability and full employment. Top Market Movers: Vault Minerals Limited (ASX: VAU) led gains on the ASX, rising 7.79% to close at AUD 0.415. West African Resources Limited (ASX: WAF) climbed 5.24% to AUD 2.410, while
Index Update: The S&P/ASX 200 slipped on Monday, closing down 13.70 points, or 0.16%, at 8,589.30. Despite the dip, the index has gained 0.88% over the past five sessions and sits just 0.58% below its 52-week high. Market sectors ended mixed, with six of eleven closing in the red alongside the broader index. Utilities outperformed, gaining 3.52% on the day and rising 4.97% over the past week. Meanwhile, investors are eyeing Tuesday’s Reserve Bank of Australia meeting, where a widely expected rate cut might provide further support to the economy and financial markets. Macro Update: The Reserve Bank of Australia is widely tipped to cut interest rates on Tuesday, delivering its third reduction this year and marking the first consecutive policy easing since the pandemic in March 2020. Most economists believe the move is warranted after inflation eased to 2.4% in May, its lowest level in nearly four years. Australia’s four largest banks unanimously expect the cash rate will be lowered by 25 basis points to 3.6%. A cut would bring relief to mortgage holders and potentially stimulate the country’s sluggish economy, although some, including analysts at Citi and Bank of America, remain unconvinced of its necessity. Top Market Movers:
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
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