FX.co ★ Australian Shares Rebound

The S&P/ASX 200 inched up by 0.2% to reach 8,583 on Tuesday, recovering from previous session declines, thanks to strength in mining and energy stocks. Key players in the mining sector, such as BHP Group, saw a 1% increase, while Rio Tinto advanced by 1.3%, and Fortescue added 0.6%. In the energy sector, Woodside Energy Group rose by 1.3% and Santos gained 1.2%, buoyed by robust commodity prices. Conversely, significant decliners included Block, which dropped by 2.1%, Macquarie Group down by 1.3%, and Sigma, which fell by 1.4%. Economically, Australia’s current account deficit expanded to a near one-year peak of AUD 16.6 billion in the third quarter of 2025, surpassing market predictions of a AUD 13.3 billion shortfall. Additionally, preliminary figures revealed a 6.4% month-on-month reduction in total dwelling approvals, amounting to 15,832 units in October, which was worse than the anticipated 4.5% drop. Investors are now turning their attention to the forthcoming release of the third-quarter GDP on Wednesday, with expectations that strong growth figures could intensify discussions about a potential interest rate increase in early 2026.