The ASX200 closed down 0.75% at 8,193 points.

Analyst consensus is now that Trump will introduce the tariffs he’s forewarned, and local markets have priced it in.

Aussie 3Y government bond yields suggest the RBA now won’t cut until September, which is in line with the central bank’s prior guidance of a late 2025 cut.

A sea of red today and Financials was the worst performing sector, down 1.1%, followed by Industrials and IT, both down 1% and Staples, down 0.8%.

Utilities was the only sector to gain ground, up 0.6%.

In the Green

Aristocrat Leisure (ASX:ALL) closed up 2.63% on reports of a 17 per cent increase in net profit to $1.45 billion in FY24. The company says its North American operations exceeded expectations and it has forecast growth in full-year net profit.

Aristocrat Leisure closed at $66.64.

Marmota Resources (ASX:MEU) closed up 5.26% after striking exceptionally thick rich titanium from surface at its Muckanippie tenement in South Australia.

The company reported four drill-hits from its latest run where titanium mineralisation was intersected from the surface.

Marmota Resources finished up at 4 cents.

James Hardie (ASX:JHX) closed up 6.19% on release of its Q2 update. The company delivered a 4% decline in net sales and an 8% drop in adjusted EBITDA.

James Hardie closed at $53.35

In the Red

Commonwealth Bank (ASX:CBA) closed down 0.42% after reporting a cash NPAT of around $2.5 billion in Q1 FY25. The result was flat compared to the prior quarter.

CBA finished up at $149.62.

Racing and wagering company Tabcorp (ASX:TAH) closed down 5.88% after being fined more than $260,000 by the Australian Communications and Media Authority for accepting illegal in-play sports bets. The regulator says Tabcorp accepted 854 in-play bets on 69 tennis matches in 2023.

Tabcorp closed at 48 cents.

IDT Australia (ASX:IDT) closed down 8.7% on news it has terminated acquisition discussions with Myndbio.

IDT Australia closed at 10.5 cents.