FX.co ★ Australian Shares Rise Ahead of RBA Decision

On Tuesday, the S&P/ASX 200 Index experienced a rise of 0.4%, officially crossing the 7,870 mark. This upward movement came as investors braced for the Reserve Bank of Australia's forthcoming monetary policy announcement. Market consensus expects the central bank to maintain its policy rate at 4.1% while evaluating the effects of US tariffs on the Australian economic landscape. Additionally, the performance of Australian equities mirrored the resurgence observed on Wall Street the previous evening, as traders awaited clarity on US President Donald Trump’s forthcoming tariff strategy, coinciding with his declared “Liberation Day.” The market's positive momentum was chiefly driven by significant gains in heavyweight sectors such as mining and energy, buoyed by rising commodity prices. Remarkable performances were registered by BHP Group (up 1.2%), Fortescue Metals Group (up 1.4%), Northern Star Resources (up 1.3%), Evolution Mining (up 2.9%), and Woodside Energy (up 1%).