Market Update: 28 April 2026
Australian markets faced a softer week, with the ASX 200 easing 1.8% as economic data pointed to a more challenging backdrop. Activity levels remained modest while price pressures picked up again, particularly in housing where rents continue to push higher. While this keeps inflation in focus, there are also signs that policymakers are actively working on longer-term solutions, including efforts to manage public spending. Encouragingly, corporate activity remains strong, with companies like NextDC raising significant capital to support future growth, showing continued confidence in Australia’s long-term outlook.
In the U.S., markets showed resilience despite mixed performance across indices. The S&P 500 and Nasdaq both reached fresh record highs, supported by strong early earnings results and ongoing investment in areas like artificial intelligence. While energy prices remain elevated and geopolitical tensions persist, investors have largely looked through these risks, focusing instead on solid corporate performance and potential tailwinds for growth.
European markets experienced some pressure, with equities moving lower as geopolitical uncertainty and weaker economic data weighed on sentiment. Slowing business and consumer confidence across key economies highlighted near-term challenges. Even so, markets are continuing to adjust to these conditions, and any easing in external risks could help support a more stable outlook ahead.
Across Asia, the picture was more balanced. Japanese equities continued to benefit from strength in technology and AI-related sectors, pushing the market to new highs despite inflation and currency concerns. Meanwhile, Chinese markets remained relatively steady, supported by consistent economic growth and stable policy settings. Overall, the region continues to show signs of resilience, with underlying momentum holding up despite a complex global environment.
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This blog has been issued by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) as Responsible Entity of the Raiz Invest Australia Fund (ARSN 607 533 022) and has been prepared without taking into account your objectives, financial situation or needs. Before acting on such information, you should conduct your own review or consult a financial advisor before making a decision to invest. Please read the relevant Product Disclosure Statement and any associated reference documents before making an investment decision. In accordance with the Design and Distributions Obligations, we maintain Target Market Determinations for our Funds. All documents can be found on the Raiz website www.raizinvest.com.au, or calling the Customer Support team on 1300 754 748. Please note that past performance is not a reliable indicator or guarantee of future performance. Historical returns, forecasts, and market commentary are provided for general informational purposes only. All investment carries risk and may result in loss of capital.
