Market Wrap / lofty, not nutty

The S&P/ASX 200 eased from record highs during Thursday's trade, closing down 0.3% to 8565.10 points.

 However, energy stocks were well-supported as US-Iran tensions fuelled an increase in oil prices. Santos rose 0.1%. 

 Middle-Eastern tensions and a weaker dollar also pushed up gold prices, with ASX-listed miners tracking the move. Genesis Minerals topped the charts with its 6% gain. 

 On the downside, market-heavyweights like BHP and Rio were lower on a weaker iron ore price.

 In company news, Cettire’s share price fell 31.2% as the company flagged a softer June quarter, and continued challenges in the global luxury market, amplified by US tariffs. 

 Cochlear shares rose 0.7% despite downgrading its FY25 guidance. 

 And Michael Knaap resigned as CEO of Monash IVF, after a second IVF mix-up from the company. Shares in Monash rose 9.1%

 Tonight, US PPI numbers will follow the softer-than expected CPI data that came in the day before. Locally tomorrow, migration data will be released.