Focus: AustraliaMarket Close: Wed, 28 January 2026
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At market close, Australian markets exhibited mixed performance with selective strength in resource sectors offsetting broader weakness in technology and consumer areas. Energy and materials led the advance, buoyed by positive commodity sentiment, while financials and health care sectors faced downward pressure.
The main driver was the release of December inflation data (CPI), which came in higher than expected: Annual CPI rose to 3.8% (from 3.4% in November), exceeding market forecasts of around 3.6% and the Reserve Bank of Australia's (RBA) trimmed-mean expectations.
This strengthened the case for a potential interest rate hike by the RBA at its next meeting (likely early February), with money markets pricing in roughly 75% probability of a rise. Rate-sensitive sectors like technology weighed on the index.
Overall, it was a modest pullback driven by hotter-than-expected inflation data raising rate hike odds, rather than broad-based selling.
Swing Trading Ideas (1–4 Weeks) - TEVO Methodology
There are no swing trading opportunities to report today. The TEVO methodology applies rigorous filtering criteria to identify only the highest-probability setups, and current market conditions have not produced candidates meeting these thresholds. This is a normal occurrence that reflects the system's commitment to quality over quantity.
Market Movements
Energy and materials sectors outperformed decisively today, led by strong gains in uranium and mining stocks, while information technology and consumer discretionary lagged significantly amid broader market rotation. The S&P/ASX 300 edged lower, contrasting with modest gains in the S&P/ASX 50, highlighting divergence between large-cap stability and mid-cap volatility. What this means: Commodity-driven leadership signals resilient cyclical sentiment, but weakness in growth areas may present reversal setups for investors seeking to capitalize on potential mean-reversion as momentum shifts.
Equities
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