Australian shares slipped for a second session Tuesday, with the ASX 200 easing 40 points, or 0.4%, to 8,791 in Tuesday morning deals. Losses were broad-based across non-energy minerals, electronic tech, energy, and consumer names, as investors remained cautious ahead of key June CPI and PPI prints from top trading partner China later this week. Domestically, labour demand softened in June, reflected in a slight dip in job ads, weighed by high borrowing costs, a cooling housing market, and geopolitical uncertainty. Still, declines were offset by a further easing in the Melbourne Institute’s inflation gauge, even as the Reserve Bank signals underlying pressures may firm in the June quarter. On Wall Street, futures were mixed after Monday’s gains extended positive momentum from last week. Among local laggards, Evolution Mining fell 3.2%, followed by Northern Star Resources (-2.9%), Brambles Ltd. (-2.3%), and Woodside Energy (-1.0%). Meanwhile, two of the big four banks edged lower.

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