Australian shares edged up 0.2% to 8,676 in early Monday trading, trying to claw back losses from the prior session as utilities, industrials, and financials provided support. Investor sentiment, however, remained fragile, with U.S. equity futures under pressure after oil prices climbed following President Donald Trump’s rejection of an Iranian peace proposal aimed at ending the Middle East conflict and reopening the Strait of Hormuz. Locally, investors braced for the Reserve Bank’s policy decision on Tuesday, with expectations leaning toward further tightening after three hikes earlier this year as inflation remains sticky. In main trading partner China, January–August industrial profit figures are due, with PMI surveys to follow in coming days. The four major banks advanced between 0.1% and 0.7%. Northern Star Resources surged 8.6%, and Evolution Mining added 1%, while laggards included Technology One (-1.8%), Insurance Australia (-1.5%), HUB24 (-1.2%), and Lynas Rare Earths (-0.8%).