Australian Stocks Subdued But Head for Monthly, Quarterly Gains

2026-06-30 01:11 By Farida Husna 1 min. read

Australian shares were little changed, hovering near 8,823 in early Tuesday trade and pausing after two sessions of gains, as investors awaited the central bank’s June meeting minutes later today for clues on the policy outlook.

Traders also turned to June PMI in China, with the data expected to shed light on demand from Australia’s largest trading partner.

Meanwhile, U.S.

futures eased after Wall Street posted strong gains overnight, with signs of de-escalation in U.S.–Iran tensions supporting broader risk sentiment.

Gains in tech, consumer, and commercial services helped offset weakness in miners and energy.

The big four banks rose 0.9%–1.4%, while Computershare (2.6%) and Pro Medicus (1.9%) advanced.

However, heavyweight BHP Group (-0.7%) and Telstra (-1.4%) lagged.

The ASX is up about 1% in June, set for a third straight monthly gain, supported by resilient spending and a rebound in employment.

The benchmark is also tracking its first quarterly rise in three, up around 4% so far.



News Stream
Australian Stocks Subdued But Head for Monthly, Quarterly Gains
Australian shares were little changed, hovering near 8,823 in early Tuesday trade and pausing after two sessions of gains, as investors awaited the central bank’s June meeting minutes later today for clues on the policy outlook. Traders also turned to June PMI in China, with the data expected to shed light on demand from Australia’s largest trading partner. Meanwhile, U.S. futures eased after Wall Street posted strong gains overnight, with signs of de-escalation in U.S.–Iran tensions supporting broader risk sentiment. Gains in tech, consumer, and commercial services helped offset weakness in miners and energy. The big four banks rose 0.9%–1.4%, while Computershare (2.6%) and Pro Medicus (1.9%) advanced. However, heavyweight BHP Group (-0.7%) and Telstra (-1.4%) lagged. The ASX is up about 1% in June, set for a third straight monthly gain, supported by resilient spending and a rebound in employment. The benchmark is also tracking its first quarterly rise in three, up around 4% so far.
2026-06-30
ASX 200 Up 0.7% at Close
Australia’s ASX 200 rose 59 points, or 0.7%, to end at 8,823 on Monday, building strength from the prior session amid a sharp rise in U.S. stock futures as Washington and Tehran reportedly agreed to halt hostilities and resume peace talks. Sentiment was also lifted by strong growth in China’s industrial profits over the first five months of 2026, highlighting resilience in Australia’s key trading partner. However, caution emerged ahead of China’s June PMI data later this week, both from officials and a private survey. Meanwhile, the Reserve Bank’s June minutes will also be due, with investors wary that the central bank may retain its tightening bias to rein in inflation. Commercial services, consumer non-durables, and healthcare drove the gains. Strong iron ore prices supported BHP Group (1.4%) and Fortescue (2.4%). Ramelius Resources climbed 2.3% after agreeing to sell its Edna May Gold Hub. Neuren Pharmaceuticals surged 36.1% on EU approval for its Rett syndrome drug.
2026-06-29
Australia Stocks Edge Up as Week Starts
Australian equities added 18 points or 0.2% to 8,778 in Monday morning trade, extending prior-session gains as U.S. futures strengthened after Washington and Tehran agreed to halt hostilities ahead of peace talks this week over the Strait of Hormuz and other issues to end the war. In China, Australia's largest trading partner, industrial profits surged 18.8% yoy in January–May, underscoring the AI-driven investment boom and policy support for advanced industries. However, caution lingered ahead of Chinese PMI data later this week and the Reserve Bank’s June meeting minutes, with investors wary of a hawkish stance following strong May employment figures. Sector gains were led by commercial services, consumer services, and healthcare, partly offset by weakness in transport and utilities. Notable movers included Xero Ltd. (4.6%), REA Group (2.3%), Evolution Mining (1.9%), and Aristocrat Leisure (1.7%). Meanwhile, two of the four major banks posted modest rises.
2026-06-29