FX.co ★ Australian Shares Climb to Over 3-Month Highs

The S&P/ASX 200 Index experienced a 0.5% increase, reaching approximately 8,450 on Wednesday, its highest point in over three months, in alignment with positive momentum on Wall Street. Global sentiment improved following an announcement by US President Donald Trump about postponing a proposed 50% tariff on the European Union, sparking optimism that trade tensions have potentially reached their peak. Domestically, investors maintained a cautious stance ahead of the release of Australia's monthly Consumer Price Index, anticipated to provide new insights into the Reserve Bank of Australia's forthcoming decisions on interest rates. In corporate developments, Web Travel Group saw its shares climb by 14% after the travel services company reported robust full-year earnings, despite facing wider macroeconomic challenges. Analysts have indicated the prospect of earnings upgrades as we approach 2026. Other companies making notable gains included Sigma Healthcare (+1.1%), Woodside Energy (+1.5%), Macquarie Group (+1.7%), CSL Ltd (+0.8%), and Fortescue Metals (+0.8%).