Australian Stocks Ride Wall Street Momentum

2026-04-15 01:07 By Farida Husna 1 min. read

Australian shares rose 23 points, or 0.3%, in early Wednesday trade, marking a second straight gain after Wall Street rallied Tuesday on falling oil prices and hopes of a diplomatic breakthrough in the Middle East.

Meanwhile, reports suggested that Washington and Tehran were discussing a second round of negotiations, but there's no official schedule yet.

Strength in the ASX 200 was capped by caution ahead of the releases of March labor market data and April inflation expectations in Australia in the coming days.

Meantime, the IMF warned the US–Israel war on Iran risks sparking an “energy crisis of unprecedented scale” that could push the global economy into recession.

Treasurer Jim Chalmers said Australians were “paying a hefty price for events on the other side of the world.” Healthcare, process industries, and non-energy minerals were mainly higher, with notable movers included Evolution Mining (7.4%), Genesis Minerals (4.8%), Pro Medicus (3.1%), and Northern Star Resources (2.6%).



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Australian Stocks Ride Wall Street Momentum
Australian shares rose 23 points, or 0.3%, in early Wednesday trade, marking a second straight gain after Wall Street rallied Tuesday on falling oil prices and hopes of a diplomatic breakthrough in the Middle East. Meanwhile, reports suggested that Washington and Tehran were discussing a second round of negotiations, but there's no official schedule yet. Strength in the ASX 200 was capped by caution ahead of the releases of March labor market data and April inflation expectations in Australia in the coming days. Meantime, the IMF warned the US–Israel war on Iran risks sparking an “energy crisis of unprecedented scale” that could push the global economy into recession. Treasurer Jim Chalmers said Australians were “paying a hefty price for events on the other side of the world.” Healthcare, process industries, and non-energy minerals were mainly higher, with notable movers included Evolution Mining (7.4%), Genesis Minerals (4.8%), Pro Medicus (3.1%), and Northern Star Resources (2.6%).
2026-04-15
ASX 200 Closes 0.5% Higher
The S&P/ASX 200 rose 45 points, or 0.5%, to end at 8,971 on Tuesday, halting two sessions of losses after Wall Street rallied Monday on hopes for a resolution to the Middle East war, even as the U.S. blocked Iran’s ports following collapsed peace talks. However, gains were capped by sharp drops in Australia’s consumer and business sentiment, reflecting fallout from the conflict that triggered a global oil shock and lifted domestic inflation risks. Meantime, an RBA official warned of stagflation risks if energy shocks persist, citing elevated inflation and limited supply capacity.. Commercial services, utilities, and healthcare advanced, offset by declines in consumer non-durables, industrial services, and transport. BHP jumped 3.3% after China’s state iron ore buyer allowed plants to resume bidding for some U.S.-dollar cargoes. Macquarie climbed 3.9% on bets of structurally higher commodity prices, while the “big four” banks mostly fell.
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Australian Equities Rebound After Recent Losses
Australian stocks rose 67 points, or 0.8%, to 8,993 in Tuesday morning trade, snapping a two-session losing streak following a rally on Wall Street Monday amid renewed hopes for a potential resolution to the Middle East conflict, despite the failure of recent U.S.-Iran talks over the weekend. Most sectors in the ASX 200 advanced, led by commercial services, healthcare, mining, and utilities. However, the upside was partly capped after fresh data showed Australia’s consumer confidence in April fell to its lowest level since November 2023, highlighting growing concerns about the economic and inflationary impact of the Iran conflict. Investors also remained cautious ahead of key data releases, including March trade figures later today from main trading partner China and Australia’s labor market report due later this week. Among notable movers were WiseTech Global (6.7%), Xero Ltd. (5.0%), Lynas Rare Earths (3.1%), Sonic Healthcare (2.1%), and BHP Group (1.9%).
2026-04-14