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MPC Markets Weekly Roundup: Bulls vs Bears
Summary
This week’s market update highlights growing investor concerns about global fiscal sustainability, as long-term government bond yields in the U.S., Japan, and the UK have surged amid fears over rising debt and inflation. Moody’s downgrade of the U.S. credit rating underscores worries about unchecked deficit spending and the potential for further economic instability.
On the ASX, Tabcorp is rolling out live sports betting in NSW pubs, aiming to modernize its retail operations and drive growth, while uranium stocks such as Boss Energy, Deep Yellow, and Paladin Energy rallied sharply on news of potential U.S. executive orders to boost the nuclear sector. James Hardie shares dropped as the company warned of U.S. market weakness ahead of its $4 billion acquisition of Azek, with profit and revenue both down year-on-year.
In U.S. markets, Palo Alto Networks posted strong results but shares slipped due to lack of growth catalysts, while Home Depot and Target both reported mixed or disappointing earnings amid ongoing consumer and tariff pressures.
Commodities saw gold and silver rebound on safe-haven demand, copper remained range-bound, and bitcoin surged to new record highs. Emerging markets have outperformed the S&P 500 this year, with India, Argentina, Greece, and Brazil highlighted as attractive opportunities amid a weakening U.S. dollar and improved valuations.
The trade of the week is Golden Horse Minerals, a gold explorer in Western Australia, which has seen strong share price gains following positive news and investor interest
