Today's trading on the ASX

[Dona Ferentes]

Evening Wrap: ASX 200 dips on Trump-Musk spat, but thawing trade tensions and rocketing silver price stokes miners.... S&P/ ASX 200 closed 23.2 points down or -0.27%​

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Evening Wrap: ASX 200 dips on Trump-Musk spat, but thawing trade tensions and rocketing silver price stokes miners

Aussie stocks were dragged lower by a combination of fears over the developing Trump vs Musk spat, but also due to the fact that Monday's non-trading day means there's 2-not-1 US trading sessions to contend with until they can again adjust their risk. On a brighter note, thawing trade tensions...

www.marketindex.com.au

 

[Garpal Gumnut]

View attachment 201072

Evening Wrap: ASX 200 dips on Trump-Musk spat, but thawing trade tensions and rocketing silver price stokes miners.... S&P/ ASX 200 closed 23.2 points down or -0.27%​

.

Evening Wrap: ASX 200 dips on Trump-Musk spat, but thawing trade tensions and rocketing silver price stokes miners

Aussie stocks were dragged lower by a combination of fears over the developing Trump vs Musk spat, but also due to the fact that Monday's non-trading day means there's 2-not-1 US trading sessions to contend with until they can again adjust their risk. On a brighter note, thawing trade tensions...

www.marketindex.com.au

Just to reply on the US markets, many tipsters are turning quite gloomy in their their mid-summer July/August outlook on US markets. This from Seeking Alpha a tipster and analysis website. I took a short upgrade subscription for a month to it's premium site from the free one.

As mentioned by @Dona Ferentes our markets are in lockstep with the US, I thought it interesting fundamental analysis to share.


"

MarketWatch

Inflation is a lagging indicator, and tariffs take time to work their way through the economy from producer to consumer. As they do, I think we will see negative rates of change continue to mount, a decelerating rate of economic growth, and a gradual uptick in consumer price inflation. This will likely keep the Fed on hold this summer until officials have a better grasp of how tariffs and trade policy are impacting the economy. Perhaps the S&P 500 can continue to levitate in the face of this downturn, but it seems more likely that we will have a summer pullback, if not another correction, to account for the uncertainty during these oncoming headwinds. "

gg

 

[Dona Ferentes]

ASX futures are pointing down 3 points or 0.04% to 8556.

• AUD up 0.4% to US65.17¢
• Bitcoin up 2.4% to $US108,775
• Gold up 0.5% to $US3325.87 an ounce
• Brent oil up 0.9% to $US67.06 a barrel
• Iron ore down 0.9% to $US94.65 a tonne
• 10-year yield: US 4.47%, Australia 4.26%

 

[Dona Ferentes]

ASX futures are pointing down 3 points

but, just for the record

Evening Warp: ASX 200 thumbs nose at Trump's trade war, sets another record as greed triumphs over fear! .. The S&P/ASX 200 closed 71.5 points higher, up 0.84%.​

Evening Wrap: ASX 200 thumbs nose at Trump's trade war, sets another record as greed triumphs over fear!

Record high or not (you know the ASX 200 closed at a record high on a total return basis back on May 30!), one cannot understate just how impressive the recovery from President Trump's Trade War Correction is! Since the 7 April low, the ASX 200 Total Return Index has risen 17.2%. It's also now...

www.marketindex.com.au

 

[Sean K]

but, just for the record
View attachment 201283

Evening Warp: ASX 200 thumbs nose at Trump's trade war, sets another record as greed triumphs over fear! .. The S&P/ASX 200 closed 71.5 points higher, up 0.84%.​

Evening Wrap: ASX 200 thumbs nose at Trump's trade war, sets another record as greed triumphs over fear!

Record high or not (you know the ASX 200 closed at a record high on a total return basis back on May 30!), one cannot understate just how impressive the recovery from President Trump's Trade War Correction is! Since the 7 April low, the ASX 200 Total Return Index has risen 17.2%. It's also now...

www.marketindex.com.au

Very happy with IOZ having a big red dot next to it during the day which meant 52 week high.

 

[Dona Ferentes]

Brent crude is 0.57% lower at US$66.66 a barrel.
WTI crude is 0.47% lower at US$64.98 a barrel.
Spot gold is 0.01% lower at US$3,323.40 an oz.
Gold futures (COMEX) are 0.34% lower at US$3,343.40 an oz.
Iron ore down 0.4% to $US94.35 a tonne.
One Australian dollar is buying 65.23 US cents.

The SPI futures are pointing to a 23 point rise.

 

[Dona Ferentes]

spluttering

..

Evening Wrap: ASX 200's gain hides heavy selling into new high, as property stocks prosper and uranium stocks plunge ... S&P/ ASX 200 closed 4.9 points higher, up 0.06%​

Evening Wrap: ASX 200's gain hides heavy selling into new high, as property stocks prosper and uranium stocks plunge

It's not the kind of emphatic close we'd ordinarily associate with a new high, and let's hope that this new high is not followed with the same post-high plunge experienced after the Valentine's Day one – caused by President Trump's trade war. Property, lithium and a selection of critical...

www.marketindex.com.au

 

[Dona Ferentes]

Geopolitical risk sent crude prices sharply higher. WTI jumped 4.6% to US$67.97, while Brent rose 4.1% to US$69.61 after the US ordered partial evacuations from its embassy in Iraq due to rising security threats tied to Iran.

Spot gold is 0.86% higher at US$3,352.31 an oz
Gold futures (COMEX) are trading 0.93% higher at US$3,374.50 an oz.

One Australian dollar is 65.02 US cents.

The SPI futures are pointing to an 18 point rise

 

[Dona Ferentes]

The SPI futures are pointing to an 18 point rise

ha ha gotcha

Evening Wrap: ASX 200 relinquishes highs despite rising gold, tech stocks, as major iron ore and lithium stocks plunge ....and a 27 point slip by end of the day​

Evening Wrap: ASX 200 relinquishes highs despite rising gold, tech stocks, as major iron ore and lithium stocks plunge

Rising Middle East tensions (and crude oil prices), coupled with sinking risk appetites, put a stop to our record breaking ways. Resources stocks, particularly those engaged in iron ore, lithium, and base metals production, were hit the hardest, but those aimed at producing shinier metals, like...

www.marketindex.com.au