Good morning, you're tuned into Markets Desk.
Australian equities are pushing higher in mid-session trade, with the S&P ASX two hundred climbing well above the eight thousand seven hundred fifty mark. The move follows broadly positive overnight cues from Wall Street, reversing Tuesday's modest losses and signaling renewed appetite for risk across the Asia-Pacific session.
Shifting to trade policy, the Office of the United States Trade Representative has proposed fresh tariffs targeting sixty economies over forced labor practices in global supply chains. Economies with full or partial prohibitions on forced labor goods would face a ten percent duty, while all others would be hit with twelve and a half percent. The proposal adds another layer of complexity to an already fragmented global trade picture.
And on the retail front, Victoria's Secret is staging a quiet but meaningful turnaround. After cratering from fifty-seven dollars to near twenty dollars a share following its two thousand twenty one spinoff, the brand is finding its footing under a chief executive who has moved decisively away from endless discount cycles and performative marketing pivots, betting instead on cleaner positioning and margin discipline — and early results suggest the strategy is gaining traction.
That's the tape. Markets Desk, signing off the floor.
