Sigma Capital

28-07-2025

Australian Shares Finish Higher

Source: MIST

Trading Economics-


The S&P/ASX 200 rose 0.4% to close at 8,698 on Monday, rebounding from the previous week as market sentiment improved following new trade agreements between the US and the EU. The two economies announced a new trade framework that includes a 15% tariff on European goods and EU commitments to purchase more American energy and military equipment. Adding to the optimism, investors looked ahead to potential developments in US-China trade talks scheduled for later today. Recent reports suggested that both sides are likely to extend their current tariff truce by another three months. Domestically, attention now turns to key inflation data — both monthly and quarterly — due later this week. Among the top performers were Newmont Corporation (4.6%), Block Inc. (3.1%), and Sigma Healthcare Limited (1.9%). In contrast, major mining stocks lagged, with Rio Tinto (-1.5%), Fortescue Ltd (-1.4%), and BHP Group Limited (-1.2%) declining amid softer iron ore and copper prices.