Australia Shares Retreat as Week Opens

Australian stocks fell 43 points or 0.5% to 8,687 in Monday morning trade, reversing prior gains as caution set in ahead of Tuesday’s Reserve Bank interest rate decision. Markets widely expect a 25bps hike to 4.35%, following increases in February and March, with inflation pressures persisting since late 2025. Traders also vigilantly awaited domestic releases today, including the Melbourne Institute’s monthly inflation gauge, April job ads, and flash March building permits. Still, losses were partly capped by firmer U.S. futures after President Trump pledged efforts to “free” cargo ships stranded by the Strait of Hormuz closure. Sector weakness was led by consumer non-durables, energy minerals, and retail trade, while commercial services, industrial services, and healthcare advanced. Three of the four major banks slipped between 0.2% and 1.8%. Notable laggards included Lynas Rare Earths (-2.1%), Woodside Energy (-1.8%), and Goodman Group (-0.9%).
S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market





