Australia 200 afternoon report: 10 July 2025

The Australia 200 trades 56 points (0.67%) higher at 8595 as of 2.15pm AEST.

Australia 200 follows Wall Street gains on Fed rate outlook

The Australia 200 (ASX 200) has rebounded back to 8600 today following gains on Wall Street, as traders in the United States (US) brushed aside another round of tariff headlines while digesting the meeting minutes of the Federal Open Market Committee (FOMC).

The minutes reaffirmed FOMC members' belief that interest rates are 'well positioned to wait for more clarity'. Upcoming inflation data in the US, similar to the situation in Australia, will be pivotal in assessing the impact of tariffs and whether the Federal Reserve (Fed) will cut rates by the end of the year.

Tariff expansion impacts global markets

In tariff news, President Donald Trump expanded the list of countries facing new US tariffs starting 1 August, including the Philippines, Iraq, and potentially Brazil. Brazil has said it will meet Trump's 50% tariffs with 'reciprocity', a response that saw US equity futures dip 0.25% in trading today. 

China inflation surprise lifts mining sector

Iron ore futures rose 2% during Asian trading to $98.10 per tonne, following stronger-than-expected consumer inflation in China at 0.1% year-on-year (YoY) vs 0.0% expected. The end of a four-month deflationary streak lifted hopes that Chinese stimulus and improving trade conditions may support demand for Australia’s exports.

Australia 200 stocks

Mining stocks

• Mineral Resources: up 3.17% to $25.39
• Fortescue Metals Group: up 2% to $16.52
• BHP Group: up 1.03% to $38.24
• Rio Tinto: up 0.92% to $108.57

Financial sector

Dip buyers stepped in after the financials sector declined 3.5% from its 9676 record high to Monday’s low of 9349.

• Commonwealth Bank of Australia up 1.09% to $180.85
• Australia and New Zealand Banking Group up 1% to $30.35
• National Australia Bank up 0.9% to $39.66
• Westpac Banking Corporation up 0.56% to $33.89

Healthcare sector

Healthcare stocks extended their losses for a third straight day after Trump proposed a 200% tariff on pharmaceutical imports following a grace period.

• Telix Pharmaceuticals down 3.13% to $24.59
• Ramsay Health Care down 2.2% to $38.38
• Fisher & Paykel Healthcare down 1% to $33.27
• Pro Medicus up 1.46% to $319.32 — on track for a new record close after seven straight sessions of gains

Real estate sector

The real estate sector recovered after three consecutive sessions of losses earlier this week.

• Charter Hall up 1.96% to $19.50
• Centuria up 1.58% to $1.77
• GPT Group up 1.50% to $5.09

Australia 200 technical analysis

The 2.5% pullback from the 8639 record high into the recent 8421.1 low helped the index work off overbought readings and was orderly, indicating the move lower was likely part of a correction rather than the start of an impulsive move lower.

In summary, providing the Australia 200 holds above support at 8420 - 8400 (sustained basis as always), the view is the correction from the 8639 high is complete at the 8421.1 low and that a retest and break of the 8639 high will likely be forthcoming before a push to 8800.

A sustained break of support at 8420 - 8400 would indicate a pullback towards the 200-day moving average at approximately 8250 is underway.

Australia 200 daily chart

• _{Source: TradingView. The figures stated are as of 10 July 2025. Past performance is not a reliable indicator of future performance. This report does not contain and is not to be taken as containing any financial product advice or financial product recommendation.}