The RBA held rates steady at 4.35% this week as inflation remains sticky but showing signs of moderation. Global commodity prices continue to support Australian resources stocks, with iron ore rebounding above $100/tonne. The AUD/USD held around 0.68 on mixed US economic signals.

CBA continued its strong run as investors rotated into defensive dividend payers. Net interest margins remain solid despite deposit pressure. Watch support levels around $108 for tactical entry; the stock offers 4.1% yield with stable earnings growth.

BHP climbed 2.5% on iron ore strength and positive production updates from its Escondida copper mine in Chile. Copper fundamentals remain tight with global supply constraints. The company's capital discipline and 4.2% dividend yield make it attractive at current levels near $44.

Wesfarmers showed resilience as consumer spending data remained mixed. The company's diversified exposure across retail, chemicals, and industrials provides stability. Current valuation near $66 offers good risk-reward for patient investors.

Australian residential property markets remain resilient despite higher rates, with clearance rates in Sydney and Melbourne holding above 60%. Rental yields are attractive in secondary markets as migration pressures ease slightly.

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