Market Wrap / bulls on parade

The bulls were on parade this Tuesday, as investors shrugged off Trump's tariff threats with the S&P/ASX200, closing at a record high of 8630.30 points. 

Nine out of the 11 sectors finished in the green with tech and healthcare stocks firing up the local market. Life360 rose 8% and CSL jumped 3.8%. 

China’s economy grew 5.2% in the second quarter, slowing less than expected in a show of resilience against the US tariffs. However, June activity data indicated mounting pressure on Chinese consumers, with analysts anticipating increased stimulus efforts by the government. 

Australian consumer sentiment increased for the third consecutive month in July, however, sentiment remained subdued following the RBA’s surprise move to leave rates on a hold at its July meeting. 

Hub24 rose 6.4% after its funds under administration increased 10% over the June quarter to $112.7 billion.

And oOh!Media rose 1.7%, despite losing its Auckland Transport contract, which was due to expire at the end of September.

Tonight, global investors will keep a keen eye on US inflation, which is expected to rise due to tariff-driven price hikes and the banks, which kick off earnings season on Wall Street.