On Tuesday, the S&P/ASX 200 Index advanced by 0.6%, surpassing the 7,980 mark to achieve its highest position in over two weeks. This upward movement echoed the overnight gains seen on Wall Street, fueled by optimism surrounding the possibility of a more targeted tariff strategy by US President Donald Trump. Australian investors eagerly awaited the upcoming government budget announcement, which is expected to indicate a deficit following two consecutive years of surpluses. Furthermore, market expectations suggest that the Reserve Bank of Australia will likely maintain its current monetary policy when it convenes next week. Financial stocks spearheaded the gains, with Commonwealth Bank seeing a 1.2% increase, NAB rising by 0.9%, a 1.8% uplift for Macquarie Group, ANZ Group edging up by 0.6%, and Westpac climbing by 1%. Other sectors such as mining, energy, and consumer stocks exhibited varied performance.