Australia Stocks Eye Best February Since 2019 on Strong Earnings
The Australian Securities Exchange (ASX) head office in Sydney.
Photographer: Brendon Thorne/BloombergAustralian stocks are on course for their best February performance since 2019 after a bumper results season helped restore some confidence in a market that has lagged peers in recent years.
The S&P/ASX 200 Index has risen more than 3% this month and is trading at record levels. The gain comes off the back of a reporting season that has impressed the market, and delivered long-awaited profit growth after several consecutive years of declines. Analysts have lifted their earnings estimates for the benchmark by about 4% since the start of 2026, Bloomberg-complied data shows.