Australian Markets Modestly Higher, S&P/ASX 200 Above 8,800

Macro
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Summary · why it matters

The Australian stock market is trading modestly higher on Tuesday, reversing some of the losses in the previous three sessions. The benchmark S&P/ASX 200 Index is gaining 24.80 points or 0.28 percent to 8,840.90, with iron ore miners advancing while gold miners and technology stocks weigh. Among major miners, Fortescue, BHP Group and Rio Tinto are gaining almost 1 percent each, while gold miner Northern Star Resources is declining almost 2 percent. The manufacturing sector continued to expand in June, with the S&P Global manufacturing PMI rising to 51.2 from 50.7 in May. The Aussie dollar is trading at $0.699.

Impact on stocks 2

Critical Materials & Supply Chain▲ · 2 stocks
Rio Tinto PLC
RIO
▲ PositiveDemandrelevance

Iron ore miners advancing, Rio Tinto gaining almost 1%

Off-coverage companies 2

Fortescue LtdPrivate▲ Positive
Demandrelevance

Iron ore miners advancing, Fortescue gaining almost 1%

Northern Star Resources LimitedPrivate▼ Negative
Demandrelevance

Gold miners weighing, Northern Star Resources declining almost 2%

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