Weekly Recap + Week Ahead: Tech Rebounds Before GDP
Tech rescued Friday; rates still set the risk
The ASX 200 finished a volatile reporting-season week 0.37% higher. Dicker Data led a Friday tech rebound, but sticky inflation, a 5.09% 10-year yield and next week’s GDP keep duration risk in focus.
Friday snapshot
- All Ordinaries
- 9,294.30 +0.55%
- Breadth
- 99 up / 85 down
- Sectors
- 9 of 11 higher
- Volume
- Average
- ASX 200 off 52-week high
- −2.20%
What drove the week
- Reporting season overwhelmed the index signal. Monday and Tuesday gains were erased after hotter July inflation; Friday’s tech bounce restored a small weekly gain.
- Inflation revived the hike debate. July headline CPI was 3.5% year on year versus 3.3% expected; trimmed mean held at 3.6%. Three major banks now see another RBA increase by year-end.
- The currency and bond market tightened conditions. AUD/USD approached a 3½-month high while the 10-year yield ended at 5.09%.
- China sensitivity remains. Iron ore held below US$100/t; next week’s China PMIs add an external demand check for miners.
Results-day leaders & laggards
| Stock | Fri | Verified catalyst |
|---|---|---|
| Dicker Data | +20.7% | H1 EBITDA +37.3%; guidance beat; AI invoiced value above A$50m |
| Pantoro Gold | +5.9% | Gold-sector strength before the later global sell-off |
| Xero | +4.8% | Software rebound |
| PEXA | −17.4% | FY27 guidance flagged slower property activity |
| WAM Capital | −18.5% | A$125.9m loss and dividend cut |
Week ahead
Scheduled events — no live-session implication
ASX opening auction; continuous trading follows at about 09:59:45.
11:30 AEST
Business Indicators, mineral exploration and RBA financial aggregates.
Balance of payments and government finance.
16:30 AEST
RBA Index of Commodity Prices.
Q2 national accounts: GDP, consumption, investment, income and saving.
July international trade in goods.
RBA balance sheet. Watch the weekly close against 9,128 and 9,038.
Bull case
Reporting-season beats broaden beyond software; GDP shows resilient private demand without another inflation shock; iron ore stabilises and 9,128 is reclaimed.
Bear case
GDP or wages data reinforce RBA tightening risk; global yields stay high after the Fed’s hawkish turn; 9,038 breaks and the index revisits 9,000.
Levels to watch
9,038 Thursday close / first support
9,128 Wednesday close / first resistance
9,272 6 Aug record close
![Australia Stock Market Today 29/08/2026 [UPDATE: 08:36 AEST] [Weekly Recap + Week Ahead: Tech Rebounds Before GDP]](https://ts2.tech/wp-content/uploads/2026/08/AU-market-dashboard-2026-08-29-0830-480x384.jpg "Australia Stock Market Today 29/08/2026 [UPDATE: 08:36 AEST] [Weekly Recap + Week Ahead: Tech Rebounds Before GDP]")
