Focus: AustraliaMarket Close: Thu, 12 February 2026
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Australian banks powered the market's modest advance, led by ANZ Group's strong quarterly cash profit of A$1.94 billion—up significantly on improved costs and margins—driving sharp gains across the financial sector. Meanwhile, ASX Limited faced notable headwinds from its 1H26 results, including sharply higher 2026 cost guidance, an ongoing regulatory probe by ASIC, and CEO Helen Lofthouse's planned departure, pressuring its shares and adding to mixed sentiment.
The S&P/ASX 300 closed up 0.25% at 8,982.5, nearing record highs with an intraday peak around 9,043,supported by gains in major banks despite broader weakness across the equal-weighted Financials sector. Technology and consumer discretionary sectors showed relative weakness, while utilities and materials provided more muted contributions in a session dominated by bank earnings momentum. Cross-asset flows saw the Australian dollar firm modestly against a softening US dollar, reflecting improved risk appetite ahead of key US data releases.
Investors may find resilience in the financial sector following robust bank results, but caution is warranted amid cost pressures at ASX Limited and rotational dynamics. Monitoring currency movements remains key for export-oriented sectors like materials as global sentiment evolves.
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.
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