The Australian sharemarket has recorded its biggest return for the financial year since the COVID-19 pandemic, defying expectations for a sustained sell-off in a period marked by uncertainty over the Trump administration’s tariff and economic plans and months of instability in the Middle East.
The S&P/ASX 200 Index has climbed 9.7 per cent for the 12 months through June and is expected to extend it gains by at least 0.1 per cent on Monday after a strong session on Wall Street that pushed the S&P 500 to a fresh record of 6170 and Nvidia towards the $US4 trillion ($6.1 trillion) mark.
Loading...
Sarah Jones is the Financial Review’s markets editor based in the Sydney newsroom. She has covered financial markets, economics and asset management for more than two decades including 12 years for Bloomberg in London. Connect with Sarah on Twitter. Email Sarah at sa.jones@afr.com
