FX.co ★ Australian Shares Rise for Fourth Consecutive Session

On Tuesday, the S&P/ASX 200 Index rose by 0.5% to exceed 8,030, marking its fourth consecutive session of gains as investors remained undeterred by global trade tensions. Despite assertions from Time Magazine, China confirmed it has not engaged in trade discussions with the United States, noting that President Xi Jinping has not communicated with President Donald Trump. Meanwhile, in Australia, there is growing anticipation for another 25-basis-point interest rate reduction by the Reserve Bank of Australia in May, amidst increasing economic uncertainty and global trade issues. Investors are eagerly awaiting Wednesday's Australian inflation data to garner more insight into the RBA's future actions. Key performers in the market included Fortescue Metals, which advanced by 1.9%, Brambles by 1.6%, and Westpac Banking by 1.2%. In corporate developments, Northern Star Resources saw a significant decline of 4.5% after it revised its FY25 guidance downwards due to operational difficulties.