Australian shares closed the week flat with a positive tilt, even as other Asian markets fell, as global central banks paint an uncertain outlook amidst rising tariff concerns.

The S&P/ASX 200 Index was little changed to close at 7,931.2.

The Federal Reserve, Bank of England, and Sweden's Riksbank all adopted cautious stances on the economy, holding off on policy changes and citing uncertainty amid Trump's tariff wars, Bloomberg reported.

No longer are central bankers "either the frontmen or rhythm-keepers of macro policy," said Thierry Wizman, a strategist at Macquarie. "They're now followers," he added.

In company news, Nine Entertainment's (ASX:NEC) bankers are negotiating the sale of its 60% stake in Domain Holdings Australia (ASX:DHG) to US real estate firm CoStar Group for AU$4.65 per share, valuing the stake at about AU$1.76 billion, the Australian Financial Review reported.

In a bourse filing, Nine Entertainment confirmed the talks, while saying that these remain "confidential and incomplete." Domain Holdings Australia said separately that it has not received a revised takeover proposal from CoStar other than the proposed scheme of arrangement disclosed last Feb. 21.

Telix Pharmaceuticals (ASX:TLX) said that the US Food and Drug Administration has approved its New Drug Application for Gozellix, the company's prostate-specific membrane antigen positron emission tomography (PSMA-PET) imaging agent for prostate cancer.

The Australian Competition and Consumer Commission, in its final report for the 2024-25 supermarkets inquiry, has urged supermarket giants Coles Group (ASX:COL), Woolworths Group (ASX:WOW), and ALDI to increase transparency, enhance competition, and create fairer conditions for suppliers and consumers. Shares of Coles rose 5%, while shares of Woolworths rose 6% at market close.