2 June 2026, 10:59 Australia: ASX 200 Finishes Flat Ahead of GDP Data.
The ASX 200 ended little changed at 8,724 on Tuesday, recovering from early weakness as gains in tech services, healthcare, and non-energy minerals offset losses in retail trade, process industries, and financials. Traders anticipated Australia's GDP readings for Q1, due on Wednesday, seeking cues on the central bank's monetary policy path ahead of its meeting later this month. Meanwhile, fresh data released today showed business stocks in Australia rebounded in Q1 after falling in the prior two periods. However, corporate profits during the period fell after solid growth in Q4. Meanwhile, Q1 current account deficit hit a record peak, underperforming forecasts. The four major banks fell between 0.2% and 3.9%, while other notable losers included PLS Group (-2.8%), Woodside Energy (1.8%), and Aristocrat Leisure (1.3%). On the upside, Northern Star Resources jumped 13.6% after activist investor Elliott Investment disclosed an over AUD 1 billion stake and called for a strategic review.
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