Kalkine : Australia Equity Market Climbs as Trade Truce Revives Optimism

June 11, 2025 04:25 PM AEST | By Team Kalkine Media

Kalkine : Australia Equity Market Climbs as Trade Truce Revives Optimism — Image source: shutterstock

Trade Revival Spurs Mining Stocks

Australian mining stocks moved higher despite softening iron ore benchmarks, supported by optimism surrounding the resolution of export restrictions related to rare-earth minerals and magnets. Companies with significant exposure to Chinese demand were notably active. BHP Group Ltd (ASX:BHP), Rio Tinto Ltd (ASX:RIO), and Fortescue Metals Group Ltd (ASX:FMG) each advanced in early trade. The momentum in the sector was driven by prospects of stabilising trade conditions between the world’s two largest economies.

Financial Sector Maintains Upward Momentum

Banks contributed positively to market movement, with all four major lenders trending upward. Commonwealth Bank of Australia (ASX:CBA), National Australia Bank Ltd (ASX:NAB), Westpac Banking Corporation (ASX:WBC), and Australia and New Zealand Banking Group Ltd (ASX:ANZ) saw consistent interest during the session. The improvement followed broader market sentiment rather than specific banking sector developments.

Energy Shares Gain with Oil

Energy companies registered their highest level in months, benefitting from the global oil price upswing. The demand sentiment for oil improved as the trade settlement indicated reduced global economic disruption. Woodside Energy Group Ltd (ASX:WDS) and Santos Ltd (ASX:STO) reflected positive movement during the trading day.

Property Sector Reacts to out News

John Lyng Group Ltd (ASX:JLG) surged significantly following an announcement of a takeover offer by Pacific Equity Partners. The deal sparked activity in the property and services segment, drawing attention across related stocks. The out news drove one of the sharpest moves within the index during the session.

Airline Activity Remains Steady

Qantas Airways Ltd (ASX:QAN) shares remained steady after the airline reported the closure of its Singapore-based budget carrier, Jetstar Asia. The development was part of broader operational adjustments and had a neutral impact on the trading session.

New Zealand Index Mirrors Gains

Across the Tasman, New Zealand’s S&P/NZX 50 index rose alongside Australian equities. Fletcher Building Ltd (ASX:FBU) recorded a sharp rise in response to reported external interest in several business divisions, particularly its construction operations.

The Australia equity market continues to reflect global shifts, with current gains shaped by macroeconomic diplomacy and internal corporate movements across major sectors.

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