FX.co ★ Australian Shares Slip as Commodities Weigh

The S&P/ASX 200 Index experienced a modest decline of 0.2%, retreating below the 8,270 mark on Thursday. This drop halted a six-day winning streak as mining and energy stocks struggled due to declining commodity prices. Earlier enthusiasm spurred by US-China trade developments has dwindled, as analysts note that while reduced trade tensions offer some relief, the overall outlook for corporate earnings and economic growth has not significantly changed. Domestically, investors are keenly anticipating the latest employment figures, which will provide insights into the economy's health and potential future interest rate moves. The Reserve Bank of Australia is anticipated to lower rates by 25 basis points at its upcoming meeting, aiming to stimulate growth amid persistent global uncertainties. The decline was led by resource-related stocks, with BHP Group dropping 0.8%, Fortescue Metals falling 1.1%, Northern Star Resources decreasing 1.2%, Woodside Energy slipping 0.6%, and Santos sliding 2%.