
Global share markets pushed higher this week as investors largely looked past ongoing tariff headlines. In Australia, the ASX 200 saw its strongest weekly gain since May, closing 2.1% higher after notching a third record close. The rally was underpinned by robust economic data out of China and improving US-China relations. Locally, unemployment rose slightly to 4.3%, which has markets increasing their bets on a potential RBA rate cut next month. All major sectors closed in the green, particularly those sensitive to interest rate moves. Looking ahead, investors will be tuning in to the RBA’s meeting minutes and Governor Bullock’s speech for further signals.
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