The Australian sharemarket maintained its gains despite the Reserve Bank holding the cash rate steady at 4.35%, citing persistent inflation concerns. The S&P/ASX 200 Index was up 0.4%, trading at 7677.7 points by 3:06pm AEST, with six of 11 sectors in positive territory. The Australian dollar remained stable at US65.1¢. The RBA’s decision to keep rates unchanged at a 12-year high was expected, with the board highlighting that inflation remains above target and cautioning that policy will remain restrictive.

Global markets showed mixed performance, with Japanese equities recovering from Monday’s losses, while US equity futures signaled a potential rebound. Commodities, including copper, gold, and oil, declined amid economic concerns, though oil prices saw a slight recovery. Notably, Woodside shares dropped 5.1%, and Audinate Group saw a sharp 36% fall after a weak FY25 outlook. Treasury Wine Estates gained 0.4% amid a strategic review of its brand portfolio.