Market Close 07 Apr 26: Aussie market surges despite Trump deadline

Local shares ignored brewing geopolitical tensions today, with the index surging 1.7%. Despite a looming 10:00 AM deadline for President Trump’s threatened strikes on Iranian infrastructure, all 11 sectors finished higher in a broad-based relief rally. Tech was the standout performer, leaping 4% while retail also saw explosive moves; Guzman y Gomez skyrocketed 18.5% on strong quarterly sales, while Domino’s bounced 7%. Bank of Queensland jumped 7% after offloading its equipment financing book to Challenger, signaling a potential $300 million return to shareholders. Investors now shift their focus to tonight's US trade and Friday's crucial March inflation data. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.