Sigma Capital

13-05-2026

ASX 200 Slips for Fourth Session, Down 0.5% at Close

Source: MIST

Trading Economics-


The S&P/ASX 200 lost 40 points or 0.5% to finish at 8,631 on Wednesday, pulling back for the fourth straight session amid broad losses on Wall Street Tuesday following hotter-than-expected inflation readings for April due to higher oil prices from the Middle East conflict. On the fiscal front, the 2026/27 federal budget offers modest cost-of-living relief and sweeping tax reforms, but expect Australia's economic growth to ease to 1.75% and inflation to hit 5% by mid-2026. Meantime, the deficit is projected to widen slightly before returning to a balanced budget in 2034/35. Still, losses were capped by hopes that the upcoming meeting between U.S.Financials dropped sharply while healthcare and consumer durables fell modestly. The big four banks plunged between 1.5% to 10.4% amid notable losses from Paladin Energy (-12.0%), Eagers Automotive (-2.2%), and Codan Ltd.(-1.0%).