The S&P/ASX 200 traded flat around 8,527 on Tuesday, following notable gains in the previous session as strength in mining and gold stocks offset weakness across the major banks. Major miners Rio Tinto advanced nearly 3%, BHP Group added 0.5%, and Fortescue Metals rose 0.3%, while gold producers Greatland Resources climbed 5.5%, Genesis Minerals increased 3%, and Bellevue Gold gained 3.5%, supported by stronger commodity prices. In contrast, banking heavyweights remained under pressure, with Commonwealth Bank of Australia decreasing 1.1%, Westpac falling 1%, ANZ dropping 1.5%, and National Australia Bank declining 0.8%. Meanwhile, investors turned their attention to Wednesday’s release of the new, fully expanded monthly CPI dataset, which replaces the previous partial measure. While the RBA is not yet placing significant emphasis on the revamped series, markets are tracking housing and services inflation for clearer price signals.
