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

On Tuesday, the S&P/ASX 200 Index advanced by 0.7% to hit 8,470, marking its highest point in over three months. This upward trend aligns with a rebound observed on Wall Street. This positive movement occurred despite the release of manufacturing data that fell short of expectations and heightened trade tensions between the United States and China. Investors are particularly focused this week on a potential conversation between President Donald Trump and President Xi Jinping, which could be critical in clarifying trade relations. In the Australian context, the spotlight is on forthcoming significant economic indicators, especially Q1 GDP figures, PMI data, and the Reserve Bank of Australia’s meeting minutes, which may provide valuable insights into the country's economic outlook and future policy directions. Among individual equities, significant upward movements were seen in Newmont Corporation (up 4.3%), Woodside Energy Group (up 2.6%), Fortescue Ltd (up 1.9%), and Sigma Healthcare Limited (up 1.3%).