Aussie shares dip, ending volatile week on a quiet | Australian Markets

The native share market has completed barely decrease, pulling back from its all-time high forward of one other set of US jobs figures that might shift expectations for US fee cuts.

The benchmark S&P/ASX200 index on Friday dipped 20.9 factors, or 0.24 per cent, to eight,511.4 whereas the broader All Ordinaries misplaced 4.8 factors, or 0.05 per cent, to eight,780.3

Capital.com analyst Kyle Rodda mentioned market contributors had been treading fastidiously forward of the US non-farm report to spherical out the week on Friday evening Australian time.

Economists are primarily forecasting a “Goldilocks print” with average jobs growth in January, an unchanged unemployment fee and moderating wage growth, Mr Rodda mentioned.

A quantity according to these expectations ought to assist equity power as markets welcomed stable financial exercise, with the door remaining open for a mid-year US fee cut by the Fed, he mentioned.

The ASX200 fell 20.9 factors for the week, making up most of Monday’s 152.9-point plunge after US President Donald Trump imposed tariffs on China, Mexico and Canada.

The week was additionally dominated by different bulletins by the Trump administration together with Elon Musk’s DOGE division shedding authorities staff, the dismantling of USAID and Trump’s plan for the US to rebuild Gaza, AMP deputy chief economist Diana Mousina mentioned.

“Some of the initial announcements from Trump can sound absurd and comical but there is always some meaning for US policy in the comments, even if the actual decisions get watered down,” Ms Mousina wrote.

5 of the ASX’s 11 sectors completed increased and 5 completed decrease, with financials principally unchanged.

Power was the largest mover, dropping 1.5 per cent as Brent crude traded close to a five-week low of $US74 a barrel.

Woodside dropped 0.8 per cent and Santos retreated 0.9 per cent.

Within the heavyweight mining sector, Fortescue grew 1.9 per cent to $19.72, BHP added 0.6 per cent to $40.48 and Rio Tinto gained 0.5 per cent to $120.77.

Within the shopper discretionary sector, Domino’s Pizza Enterprises soared 21.3 per cent to a three-month high of $35.93 after asserting it could close 205 money-losing shops, largely in Japan.

The pizza chain additionally mentioned its same-store gross sales in Australia and New Zealand had been up 0.6 per cent within the first half – apparently enough to ship fast food competitor Collins Meals rocketing 12.7 per cent increased to a two-month high of $8.35

Nick Scali in the meantime grew 10.5 per cent to $18 after the furnishings retailer’s ANZ business delivered a $36 million half-year internet revenue after tax, beating steerage of $30 million to $33 million.

Buying and selling has continued to be unstable within the second half, with January gross sales orders down 8.5 per cent, whereas rising 5 per cent within the first week of February.

The large 4 banks largely had a quiet day, with CBA principally flat at $162.67, ANZ up 0.2 per cent to $31.01 and Westpac climbing 0.1 per cent to $34.04.

NAB confirmed more indicators of life, rising 0.8 per cent to $40.70

The Australian greenback was shopping for 62.80 US cents, from 62.68 US cents at 5pm on Thursday.

ON THE ASX:

* The benchmark S&P/ASX200 index on Friday dropped 9.3 factors, or 0.11 per cent, to eight,511.4

* The broader All Ordinaries fell 4.8 factors, or 0.05 per cent, at 8,780.3

CURRENCY SNAPSHOT:

One Australian greenback buys:

* 62.80 US cents, from 62.68 US cents at 5pm AEDT on Thursday

* 95.28 Japanese yen, from 95.56 yen

* 60.53 euro cents, from 60.34 euro cents

* 50.56 British pence, from 50.20 pence

* 110.68 NZ cents, from 110.64 NZ cents