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Table of Contents
ASX Market Wrap: 7 July 2025
Current ASX 200 Futures
As of 8:30 am AEST, ASX 200 futures are stable at 0pts (0.00%).
Key Highlights:
- US markets remained closed for the Independence Day holiday; the following data pertains to the last session on Thursday.
- The Trump administration has postponed the deadline for reciprocal tariffs, moving it from 9 July to 1 August.
- Anticipate a low-key trading day locally due to the absence of US trading cues.
Overnight Market Summary
Date: Mon 07 Jul 2025, 8:34 am AEST
| Major Indices | Index | Value | % Change |
|---|---|---|---|
| S&P 500 | 6,279 | +0.83% | |
| Dow Jones | 44,829 | +0.77% | |
| NASDAQ Comp | 20,601 | +1.02% | |
| Russell 2000 | 2,249 | +1.02% |
| Country Indices | Country | Value | % Change |
|---|---|---|---|
| Canada | 27,036 | +0.01% | |
| China | 3,472 | +0.32% | |
| Germany | 23,787 | -0.61% | |
| Hong Kong | 23,916 | -0.64% | |
| India | 83,433 | +0.23% | |
| Japan | 39,811 | +0.06% | |
| United Kingdom | 8,823 | 0.00% |
Commodity Prices (USD)
| Commodity | Value | % Change |
|---|---|---|
| Gold | 3,335.24 | -0.01% |
| Copper | 5.0382 | +0.41% |
| WTI Oil | 66.4552 | -0.74% |
Currency Rates
| Currency Pair | Value | % Change |
|---|---|---|
| AUD/USD | 0.6552 | -0.02% |
Cryptocurrency Prices
| Cryptocurrency | Value | % Change |
|---|---|---|
| Bitcoin (USD) | 109,382 | +1.15% |
| Ethereum (AUD) | 3,966 | +3.30% |
Miscellaneous
- US 10-Year T-bond: 4.348
- VIX: 17.48 (+6.72%)
Global Markets
- US markets were closed for Independence Day.
- European indices slid amid renewed focus on the postponed tariff deadline from the Trump administration.
- The Stoxx Europe 600 dipped by 0.5%, reflecting general apprehension ahead of the tariff deadline.
- Retail investors have been actively buying, contributing to strong performance in the market, even attracting large institutional investors like BlackRock to UK bonds during heightened market volatility.
Stocks in Focus
- Alphabet is facing an EU antitrust complaint regarding its AI-related search results.
- Meta plans to acquire a stake in venture funds associated with new AI hires.
- Starboard disclosed a 9% stake in Tripadvisor, arguing it holds potential for value increase.
Central Bank Movements
- A strong jobs report gives the Federal Reserve flexibility regarding interest rates, despite underlying job market weaknesses.
- The ECB’s Christine Lagarde states the central bank is committed to maintaining a 2% inflation target.
Local Market Insights (ASX)
- Alkane Resources reported FY25 gold production figures.
- Northern Star also announced gold results aligning closely with their forecasts.
- The session is expected to be subdued, with a focus on upcoming quarterly production reports from gold miners.
Broker Movements
- Boss Energy downgraded to Neutral.
- Santos remains downgraded to Equal-weight but their price target was increased.
Key Events Today
- Stocks trading ex-dividend include Collins Foods and Katana Capital.
- No major corporate actions or significant economic announcements are anticipated.
This market summary presents an insightful overview of the latest developments impacting global and Australian markets as we look to the day ahead.
