ASX Gains as Investors Eye Tariff Changes and Inflation Data

On May 27, 2025, Australia's ASX200 index closed up 0.56% at 8,407 points, reflecting investor optimism amid global economic developments. European markets responded positively to a significant shift in U.S. tariffs, while Australian investors await forthcoming inflation data that could influence the Reserve Bank's interest rate decisions.

Notable performers included Capstone Copper Corp, Neuren Pharmaceuticals, and Brambles, each posting substantial gains. Conversely, Healius, Nufarm, and REA Group experienced declines. The Australian dollar saw a slight uptick to 64.85 US cents. Commodity markets showed mixed results: gold prices dipped to $US3,322 per ounce, Brent crude rose to $US66.32 per barrel, and iron ore decreased to $US99.81 per tonne. Bitcoin also experienced a minor decline, settling at $US109,029.

Domestically, the Insurance Council of Australia reclassified recent floods as an "insurance catastrophe," and the ACCC initiated a probe into real estate group REA. Investors and analysts are closely monitoring these developments, particularly the upcoming inflation report, which is expected to provide insights into future monetary policy directions.

Catch the entire article right here: https://www.abc.net.au/news/2025-05-27/asx-markets-business-live-news-may-27-2025/105339300

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