
Market Updates
A twice-daily podcast from the Marcus Today team, designed for self-directed investors. Stay informed with the latest stock market, financial, and business news, published every weekday just before the market opens and after it closes (AEST).
Market Updates
Pre-Market Report – Monday 7 July: US markets closed Friday | RBA this week
European markets finished mixed Friday. Wall Street shut for the Independence Day Holiday. STOXX 600 down 0.48%. FTSE flat and Germany down 0.61% as EU envoys failed to reach a breakthrough on US trade negotiations. Banks and mining stocks the worst performers. Nasdaq up 1.6%. S&P 500 up 1.7% as the ‘buy everything’ narrative continued this week which saw Trump’s Bill signed into law, the US labour market show unexpected strength, and the financial year wrap up.
- Commodities mixed Friday. US copper shut but LME finished down 0.8%. Flat over the week, global copper stocks holding onto last week’s huge gains (WIRE was up 8%).
- Brent down 0.5% as OPEC raised production. Middle East conflict all but forgotten.
- Iron ore gained for the 2nd week in a row on improved Chinese sentiment. BHP up 3.2% while RIO finished the week flat.
SPI up 9 - US Futures ease Sunday night.
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