The ASX slipped slightly in afternoon trade, with the S&P/ASX 200 Index down 0.2%, or 13.4 points, to 8743 at 2.10pm AEST, rebounding from an intraday low of 8701.30. Weaker commodity prices weighed on the market after copper fell nearly 20% overnight—its sharpest drop since 1988—on news that US tariffs would apply only to semi-finished imports.
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A huge day on markets to digest with the Fed delivering a hawkish hold, Trump making trade/tariff announcements, seeing Copper plummet 20%, and stellar Microsoft and Meta earnings after the bell
The Australian sharemarket surged towards a record high on Wednesday after softer-than-expected inflation data bolstered expectations of an imminent interest rate cut. At 2:05pm AEST, the S&P/ASX 200 rose 56.9 points, or 0.7%, to 8761.50, surpassing the previous record of 8757.20 set on July 18. The broader All Ordinaries Index posted similar gains.
Stock closed lower overnight as investors took a rest from their recent “ultra bullish” tone as 4 of the MAG7 earnings and the Federal Reserve meeting are delivered in the next 2 days.
The Australian sharemarket traded marginally lower on Tuesday as investors exercised caution ahead of Wednesday’s critical quarterly CPI release, a key determinant for the Reserve Bank of Australia’s next interest rate decision.
SELL WIRE ETF
to ADD to Silver ETF
Anticipating next week’s company earnings and economic figures.
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Stock closed mixed overnight as investors parsed the U.S.-EU trade deal ahead of a busy week of data including earnings from the ’Magnificent Seven’ and the Federal Reserve decision.
The Australian sharemarket traded higher on Monday afternoon, supported by strength in US equity futures following a US-EU trade agreement and signs of a continued tariff truce with China. The S&P/ASX 200 Index rose 25.1 points, or 0.3%, to 8692 at 2.10pm AEST, with healthcare and communication services leading sector gains. CSL advanced 1% and Telstra added 0.8%.
The ASX edged lower on Friday despite positive cues from Wall Street, where Alphabet’s earnings lift supported tech stocks. As of 2:05pm AEST, the S&P/ASX 200 Index was down 33.7 points, or 0.4%, to 8675.7, with six of 11 sectors trading higher.
In this week’s episode of Bulls vs Bears from MPC Markets, the Mark & Jonathan dive into recent market highlights, commodity trends, stock picks, and geopolitical impacts on trading. They share insights from media appearances, discuss Trump-era tariffs, and provide a bullish outlook for the coming week amid US earnings season. Key focuses include copper, silver, Tesla, and emerging AI influences in markets.
