Market Close 13 May 25: Aussie stocks surge on US-China truce

The Aussie share market climbed for a fifth straight session, lifted by optimism over a temporary US-China trade deal that saw both countries reduce tariffs for 90 days. Global markets surged in response, with US stocks rising sharply and Australian stocks following suit—though gains faded slightly by close. Breville and Life360 soared on positive trade implications and strong earnings, respectively. Meanwhile, consumer confidence rebounded modestly, and all eyes now turn to upcoming US inflation data and Australia’s jobs report, with a local rate cut potentially on the horizon. 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.