The S&P/ASX 200 rose 0.2% to 8,583 on Tuesday, rebounding from losses in the previous session as gains in mining and energy stocks supported the index. Among the major miners, BHP Group rose 1%, Rio Tinto advanced 1.3%, and Fortescue gained 0.6%, while energy heavyweights Woodside Energy Group increased 1.3% and Santos added 1.2%, supported by stronger commodity prices. In contrast, notable laggards included Block (-2.1%), Macquarie Group (-1.3%), and Sigma (-1.4%). On the economic front, Australia’s current account deficit widened to a near one-year high of AUD 16.6 billion in Q3 2025, exceeding market expectations of a AUD 13.3 billion shortfall. Meanwhile, preliminary data showed that total dwelling approvals fell 6.4% month-on-month to 15,832 units in October, worse than the expected 4.5% decline. Investors are now focused on Wednesday’s third-quarter GDP release, with expectations that robust growth could further heighten speculation about an interest rate hike in early 2026.
