1 October we become SureStone CapitalSame team, same ABN. Our website and email addresses move to surestone.com.au.
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The S&P/ASX 200 pared earlier losses following the latest inflation read but still closed 0.27% lower at 8,687 points on Wednesday.
Inflation rose 4.6% in the year to March 2026, marking the highest level since September 2023. However, the trimmed mean, the RBA’s preferred measure, held steady at 3.3%, offering some relief to investors.
Sector-wise, the energy sector benefited from the ongoing stalemate in US-Iran discussions, alongside confirmation from the government that no new tax will be imposed on gas exports. Woodside Energy gained a solid 2.24% after also beating quarterly operating revenue expectations.
The mining sector was weaker, with Newmont giving back some recent gains to fall 3.34%.
In company news, oOh!media rose to a two-and-a-half-month high following a takeover bid from private equity firm PEP, while Codan hit a record high on an upgraded FY26 earnings outlook.
On the downside, childcare operator G8 Education dropped 28.72% after flagging a sharp fall in enrolments.
Investors now turn to tech, with four of the Mag7 set to report: Alphabet, Amazon, Meta, and Microsoft.
