FX.co ★ Australian Shares Trade Flat

The S&P/ASX 200 remained relatively unchanged at around 8,527 on Tuesday, following substantial gains in the prior session. The rise in mining and gold stocks successfully counterbalanced the decline in major banking shares. Among the leading mining companies, Rio Tinto saw an increase of nearly 3%, BHP Group edged up by 0.5%, and Fortescue Metals gained 0.3%. In the gold sector, Greatland Resources surged by 5.5%, Genesis Minerals advanced by 3%, and Bellevue Gold rose by 3.5%, all buoyed by stronger commodity prices. Conversely, the major banks continued to face pressure, with Commonwealth Bank of Australia slipping by 1.1%, Westpac decreasing by 1%, ANZ falling by 1.5%, and National Australia Bank dipping by 0.8%. As investors look ahead, attention shifts to the release of the comprehensive monthly CPI dataset slated for Wednesday, which replaces the previous partial measure. Although the Reserve Bank of Australia is not yet prioritizing this newly expanded series, market participants are closely watching housing and services inflation for more explicit price indications.