Woolworths and Lovisa Lift ASX Before CPI

AUSTRALIA • OPENING HOUR
Retailers lift the market before CPI
Woolworths and Lovisa are carrying the early advance while technology and several earnings names trade lower.
S&P/ASX 200 real-time vendor quote
9,185.70+21.10 +0.23%
- Open / prior close
- 9,164.60
- Day range
- 9,164.60–9,200.30
- Volume
- 116.7m
ALL ORDINARIES real-time vendor quote
9,404.40+29.50 +0.31%
- Open / prior close
- 9,374.90
- Day range
- 9,374.90–9,405.60
- Volume
- 129.7m
MARKET REGIME
Selective risk-on. The broad market is positive, but the result season is producing large two-way stock moves.
Leaders
| Stock | Move | Verified catalyst |
|---|---|---|
| Lovisa | +18.24% | FY26 revenue +17.6%; NPAT +10.7%; 160 new stores |
| Perseus Mining | +7.34% | Gold at US$4,705.60/oz supports the tape |
| Sandfire Resources | +7.20% | Resources bid despite softer spot copper |
| Woolworths | +4.63% | Profit +18.1%; revenue +3.6%; dividend +15% |
Laggards
| Stock | Move | What the tape says |
|---|---|---|
| Worley | −11.71% | Underlying EBITA fell 11%; currency and Middle East disruption weighed |
| Domino’s Pizza | −8.57% | FY26 loss was larger than expected |
| Flight Centre | −7.79% | Results-season selling; no added catalyst assigned |
| WiseTech Global | −5.41% | FY26 result digestion against an unresolved ACCC overhang |
Cross-asset pulse
Gold is supportive for producers; softer oil and copper temper the resources read-through. Cross-asset figures are vendor snapshots at 10:37 AEST.
Next hard catalyst
11:30 AEST — scheduled. ABS releases July CPI and June-quarter construction work.
- Headline CPI consensus: 3.2% y/y vs 3.8% prior
- Trimmed mean consensus: 3.5% y/y vs 3.6% prior
- RBA cash rate: 4.35%; August minutes showed a divided debate before a unanimous hold
Decision map
A softer core CPI print could extend the staples-led rise and broaden participation.
A hot trimmed-mean print would revive hike risk, pressure duration stocks and strengthen the financials-versus-growth split.
The expected fall to 3.2% is partly a base-effect story; the 3.5% trimmed mean is the more policy-sensitive number.
