Australian Pharmaceutical Industries (API)

02/12/2021

Australian Pharmaceutical Industries (API)

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Morning report 27/08/2026

What Matters Today: Sticky inflation, opportunity or worry?

The ASX 200 surrendered early gains on Wednesday after inflation data came in far stronger than expected, weighing heavily on overall sentiment and specifically the rate-sensitive names. Just to compound the market’s woes, yesterday's reporting wasn’t kind, with major disappointments from Worley (-10.8%), WiseTech (-10.1%), and Flight Centre (-7.4%) offsetting further strength in gold and copper names.

Afternoon report 26/08/2026

The Match Out: Hot CPI knocks the ASX off its highs

The ASX 200 looked set for a third straight gain early on, trading as much as 0.6% higher to ~9220, before July inflation completely changed the tone of the session. The index reversed sharply after the release and ultimately finished lower with the market quickly pricing a greater chance that the RBA will need to go again on rates. Financials swung from an early gain into the red as higher rate expectations weighed on the market. Consumer Staples were the standout, holding onto a gain after a solid result from Woolies, while Materials remained one of the few reliable areas of strength early before giving back gains in the afternoon.