Australian equities edged higher in early Tuesday trade, hovering around 8,830 after three sessions of losses. Investors awaited key May CPI and labor market data that could shape expectations for the Reserve Bank’s next move after it held rates steady last week. In China, the largest trading partner, the central bank kept lending rates unchanged for a 13th month despite cooling demand, with consumption and investment slowing in May. In the U.S., Wall Street closed mostly lower overnight as tech giants sold off, capping sentiment. Gains came from financials, non-energy minerals, and consumer durables, while weakness in electronic tech, healthcare, and logistics limited advances. The four big banks rose between 0.1% and 1%. Other notable movers were BHP Group (0.9%), Macquarie Group (1.4%), and Fortescue (0.8%). Lynas Rare Earths gained 0.5% after China expanded export controls on dual-use materials, reinforcing its premium as the largest non-Chinese producer of separated rare earths.

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