Join our daily newsletter At The Bell to receive exclusive market insights
Australian shares will open Thursday relatively flat, down around -0.14%; no great surprise considering the bourse closed at an all-time high yesterday, nor Labor’s resignation that Trump will levy 10% tariffs on Oz.
Listen to the HotCopper podcast for in-depth discussions and insights on all the biggest headlines from throughout the week. On Spotify, Apple, and more.
The S&P 500 and Nasdaq composite fared similarly to yesterday’s Oz trend heading into the U.S.’s recent close, with the former adding +0.5%; the latter +0.9%.
Only the Dow Jones was mixed, closing flat on Wall Street’s Wednesday evening.
The FTSE, down -0.12% at last trade, and Shanghai, -0.09%, are closer to Aussie sentiment.
That sentiment may tip into deeper dips today too as more and more traders realise Albanese and his Labor government are prepping to cop Trump’s tariffs: The great un-pause is coming on July 9 and Australia will be included.
Penny Wong flew over to Washington to speak to U.S. Secretary of State Marco Rubio this week, but negotiations reportedly petered out on agenda divides.
Back home, Qantas (ASX:QAN) and its July 2 cyberattack remains a focus; the airline again warned customers data had been taken – but maintained no bank cards or passports were accessed. QAN dropped -2.2% yesterday.
The float burst on the ASX continues today too, with GemLife Communities Group. The property group will list at 12pm, looking for $750 million, and is expected to match Virgin Australia (ASX:VGN) and Greatland Resources (ASX:GGP) on hype. Shares will debut under ticker code “GLF” at $4.16 each.
And, more economic stats drop this Thursday, with May trade data at 11.30am today.
More market news
Fed pressure: Trump chides Powell as Goldman call for calm. The RBA must be nervous
Meet GeoGeorge: The HotCopper poster so accurate he got hired as an analyst
Looking at forex, the Aussie dollar is 65.7 US cents.
And to commodities, all in the greenback,
Iron Ore is enjoying a big price burst, selling at $95.55 a tonne in Singapore,
Brent Crude is at $68.96,
Gold is at $3,367 per ounce, and,
US natgas futures have recovered +2.7% to sell at $3.50 per gigajoule.
That’s Market Open, I’m Isaac McIntyre, stick with us for HotCopper’s Market Update.
Join the discussion: See what’s trending right now on Australia’s largest stock forum and be part of the conversations that move the markets.
The material provided in this article is for information only and should not be treated as investment advice. Viewers are encouraged to conduct their own research and consult with a certified financial advisor before making any investment decisions. For full disclaimer information, please click here.
