Market Wrap / holding on

The S&P/ ASX 200 pared some of yesterday’s losses, ending up 1% higher to 7,925.2 points this Tuesday following gains in the US and a shocker of a session on Monday. Investors turned their eyes to the RBA which left the cash rate at 4.1% ahead of 'Liberation' tariff day in the US; the market gained ground in the wake of the decision. The banks made some gains today, with bellwether CBA up 1%.  REIT investors were also optimistic after housing data showed home price values reached records, up 0.4% nationally over March post the RBA's February cut. However, HMC Capital lost 3.9% with its plan for a new private equity fund seemingly not convincing all investors.  Elsewhere, ABS data revealed steady retail spending over February, up just 0.2%. The consumer discretionary stocks advanced 1.1% during the session.  And the miners might have benefited from opportunity-buying following Monday’s losses. BHP was up 1.7% this Tuesday. That being said, uranium players lost ground as US nuclear operators slowed purchases in anticipation of energy tariffs. Deep Yellow and Paladin registered the day’s largest losses, with the latter down 5.7%. Housing data is expected tonight in the US; while local building approvals are due tomorrow, tipped to have fallen 2% for February.