The S&P/ASX 200 Index rose 0.33% to close at 8,430 on Wednesday, hitting its highest level in nearly seven weeks during the session, buoyed by a positive lead from Wall Street. The rally followed US President Donald Trump’s decision to hold off on imposing his tariff threats, offering relief to global markets. Investors also turned their attention to Australia’s upcoming quarterly inflation report, set for release next week, which could heighten expectations of an earlier interest rate cut by the Reserve Bank of Australia. Financial, technology, and consumer stocks led the gains, with Commonwealth Bank rising 1%, Xero climbing 2.4%, and Wesfarmers up 0.7%. However, mining and energy stocks struggled due to weaker commodity prices, with BHP Group falling 2% and Woodside Energy dropping 1.9%.
The main stock market index in Australia (ASX200) increased 271 points or 3.32% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. Historically, the Australia Stock Market Index reached an all time high of 8514.50 in December of 2024. Australia Stock Market Index - data, forecasts, historical chart - was last updated on January 22 of 2025.
The main stock market index in Australia (ASX200) increased 271 points or 3.32% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks this benchmark index from Australia. The Australia Stock Market Index is expected to trade at 8005.71 points by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 7562.67 in 12 months time.