Market Updates
A twice-daily podcast from the Marcus Today team for self-directed investors.
Published every weekday before the ASX open and after the close (AEST), these short updates cover what's moving markets, key developments overnight, and the themes shaping the trading day.
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Market Updates
End of Day Report – Monday 8 July: The ASX200 has started the week on a negative note.
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The ASX200 has started the week on a negative note. Finishing down 59 points (-0.76%) to 7763 as the Materials and Energy sell-off continued into the close. The big miners were the biggest drag on the index as iron ore dropped 1.2%. High Chinese inventories to blame. BHP, RIO and FMG all down between 2.1% and 2.6%. Most other mining commodity stocks also fell, last week’s bounce very short-lived. Lithium, copper and uranium in the red. Gold put on a good show following Friday’s bond yield drop and the first quarterly production numbers. RED up 5.3% (up 9% at best), EVN up 2.5%. Oil stocks lost ground after a good performance last week. KAR and WDS down 3.5% and 1.8%.
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