Pre-Market Pulse 17th July – Stocks grind higher as Trump distracts media with Fed Chair issue
Equities moved higher overnight after President Donald Trump denied reports that he was close to firing Federal Reserve Chairman Jerome Powell.
Equities moved higher overnight after President Donald Trump denied reports that he was close to firing Federal Reserve Chairman Jerome Powell.
The Australian sharemarket is on track for its worst one-day drop since May, as risk appetite deteriorates on the back of hotter-than-expected US inflation data and renewed tariff concerns. At 2pm AEST, the S&P/ASX 200 was down 0.8% at 8564.10. If sustained, it would mark the steepest decline since May 5.
Stocks closed lower overnight, as a Nvidia-led surge in tech wasn’t enough to offset a slump in financials as the banks delivered mixed quarterly earnings.
The ASX advanced on Tuesday, buoyed by easing tariff concerns and stronger-than-expected Chinese economic data. The S&P/ASX 200 Index climbed 43.2 points, or 0.5%, to 8613.6 by 2:02pm AEST, surpassing its previous record of 8603 set on July 4. Gains were broad-based, with nine of 11 sectors in positive territory, led by technology and healthcare.
Austin Engineering Limited (ANG) is a global engineering company. For over 50 years, Austin has partnered with mining companies, contractors and original equipment manufacturers to create innovative engineering solutions that deliver productivity improvements to their operations. The company is a market leader in the design and manufacture of loading and hauling solutions, including off highway dump truck bodies, buckets, water tanks and related attachments, supporting both open-cut and underground operations. Complementing its proprietary product range are repair and maintenance services performed in company’s workshops and on clients’ mine sites, and spare parts
Stocks eked out a gain Monday as President Donald Trump said he was open to negotiating on trade including with major trading partners such as the European Union, laying the ground for yet another TACO (Trump Always Chickens Out)
The ASX traded in a narrow range on Monday, with the S&P/ASX 200 Index edging up 4.7 points (+0.1%) by 2:10pm AEST, following US President Donald Trump’s announcement of a 30% tariff on EU and Mexican goods, effective August 1. Gains in energy, materials, and communication services offset weakness in tech stocks.
Stocks edged lower Friday, as Trump uncertainty drove investors to real assets as Silver hit fresh 15 year highs by 4.5%
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.
The ASX 200 seesawed on Friday, trading flat at 8589.5 points by 2pm AEST despite opening above the 8600 level. Gains in materials helped offset declines in real estate, tech, and retail sectors, as investor sentiment was shaken by US President Donald Trump’s threat to impose 15–20% blanket tariffs on trading partners.
SELL Johns Lyng Group (ASX: JLG) Company News – Takeover offer
Polymetals Resources (ASX: POL) is an Australian mining company operating at its 100% owned Endeavor Silver Zinc Mine, located in the Cobar Super Basin, NSW, Australia. The company has the potential to be a +20-year producer in one of Australia’s most prolific polymetallic mining districts