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Banks and miners bring the heat as the ASX breaks its all-time high score

  • The S&P/ASX 200 index climbed to a record peak of 9,213 points as global geopolitical tensions eased.
  • Financial sector shares rose 5.84% and energy stocks gained nearly 10% in July, supported by heavyweights Commonwealth Bank of Australia and BHP Group.
  • Market participants now focus on upcoming corporate earnings reports alongside shifting global commodity prices to determine sector valuation stability.
Read more: Banks and miners bring the heat as the ASX breaks its all-time high score
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Insights

Aussie household spending rebounds as transport demand surges 3%

  • Australian Bureau of Statistics data showed Australian household spending increased 0.8% in June 2026, driven by a 3.0% surge in transport spending led by new vehicle sales and air travel recovery.
  • Listed consumer and transport peers reported resilient underlying revenue, with auto dealer Eagers Automotive generating $13 billion in annual revenue and refiner Ampol recording $1.6 billion in first-half EBITDA.
  • Rising living costs and changing interest rate expectations remain primary headwinds for sustained consumer discretionary momentum across transport and retail equities.
Read more: Aussie household spending rebounds as transport demand surges 3%

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