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The ASX200 has been up 1% at 8,491 points.
Aussie stocks gained traction as immediate risks around tariffs look to have eased, although the consequences for China continue to be assessed.
The Aussie dollar has continued to strengthen against most G10 currencies as tariff hedges are unwound. The Japanese Yen outperformed and the Canadian dollar has returned to earlier 2025 levels.
Long-end global yields moved sharply lower as the focus returns to economic data and the consequences for near-term policy. Strong interest in the sale of March 2036 10-year bonds in Oz also supported the rally locally.
Discretionary has been the best-performing sector, up 1.5%, followed by Real Estate and Financials, up 1.35%, and Industrials, up just under 1%.
Company News
Pexa Group (ASX:PXA) has been down 2.9% after releasing a guidance update including an expected non-cash impairment charge of $15 million. The company also announced the resignation of its CEO Les Vance.
Pexa has been $12.47.
Beach Energy (ASX:BPT) has been down 4.3% after posting its first-half FY25 results. The company delivered a 15% increase in production, to 10.2 million barrels of oil equivalent.
Beach Energy has been $1.45.
Eureka Group (ASX:EGH) has been down 0.9% after acquiring a residential home village and caravan park in Gladstone, Queensland. The acquisition marks Eureka’s expansion into the all-age rental market at an initial yield of 9.2%.
Eureka Group has been 60 cents.
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