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Table of Contents
Tuesday Market Wrap-Up
ASX 200 Futures: Up 12 points (+0.13%) as of 8:30 AM AEST.
Key Highlights:
- The S&P 500 and Nasdaq both reached all-time highs but ended the day lower.
- Gold prices increased by 1.4%, resulting in a positive response from gold miners.
- China announced a major US$167 billion dam project in Tibet.
Overnight Summary
Date: Tuesday, 22 July 2025
Major Indices Snapshot
| Index | Value | % Change |
|---|---|---|
| S&P 500 | 6,306 | +0.14% |
| Dow Jones | 44,323 | -0.04% |
| NASDAQ Composite | 20,974 | +0.38% |
| Russell 2000 | 2,231 | -0.40% |
Country Indices Snapshot
| Country | Value | % Change |
|---|---|---|
| Canada | 27,317 | +0.01% |
| China | 3,560 | +0.72% |
| Germany | 24,308 | +0.08% |
| Hong Kong | 24,994 | +0.68% |
| India | 82,200 | +0.54% |
| Japan | 39,819 | -0.21% |
| United Kingdom | 9,013 | +0.23% |
Commodities Snapshot (USD)
| Commodity | Value | % Change |
|---|---|---|
| Gold | 3,400.59 | +1.48% |
| Copper | 5.6148 | +1.15% |
| WTI Oil | 67.07 | -0.38% |
Currency Snapshot
| Currency | Value | % Change |
|---|---|---|
| AUD/USD | 0.6522 | -0.05% |
Cryptocurrency Snapshot
| Cryptocurrency | Value | % Change |
|---|---|---|
| Bitcoin (USD) | 117,256 | -0.40% |
| Ethereum (AUD) | 5,756 | +0.26% |
US Market Overview
- US benchmark indices closed mixed, with late-session selling pressure.
- S&P 500 and NASDAQ established new highs, although the equal-weight S&P 500 underperformed.
- Lower yields and solid earnings supported technology stocks, driving market gains.
- Wells Fargo predicts a significant rise in S&P 500 in the second half of 2025, led by major tech firms.
- Political uncertainty emerged in Japan post-election, affecting market sentiments.
- Recent selling signals from hedge funds regarding Japanese equities were noted alongside fluctuations in Chinese bonds linked to new stimulus measures.
Notable Stocks
- Stellantis is forecasting a €2.3 billion net loss due to US tariffs.
- Wise is facing shareholder opposition related to its US listing and voting rights.
- Figma anticipates a $16.4 billion valuation in its IPO, sparking optimism for tech IPOs.
- Taiwan Semiconductor Manufacturing achieved a $1 trillion market cap amid growing AI demand.
Central Bank Updates
- Global Central Banks: Projected to lower interest rates due to trade tariffs impacting inflation.
- China: Holds steady on lending rates, indicating economic stability.
- Bank of Canada: Likely to maintain current interest rates until 2026.
Industry Insights
Market Sectors
| Sector | % Change |
|---|---|
| Communication Services | +1.90% |
| Consumer Discretionary | +0.60% |
| Materials | +0.54% |
| Utilities | +0.29% |
| Financials | -0.29% |
| Health Care | -0.61% |
| Energy | -0.96% |
Gold Mining Performance
- The VanEck Gold Miners ETF surged by 3.7% following a rise in gold prices.
ASX Preview
Today’s Key Events:
- Brookfield acquired a 19.9% stake in Cromwell Property Group.
- Insignia Financial experienced a significant $8.5 billion increase in funds under management.
- BetMakers reported record profits.
- Champion Iron is collaborating with Nippon Steel on an iron ore project in Canada.
- Genesis Energy looks to secure its long-term power supply.
What to Watch:
- Interest in gold-related stocks following price increases.
- Potential movements in lithium stocks after a rally in Chinese lithium carbonate futures.
Broker Ratings Update
- AMP: Downgraded to Neutral with revised targets.
- Imdex: Upgraded to Buy with an increased target.
- Regis Resources: Upgraded to Neutral with a target reduction.
This summary offers a comprehensive look at the critical financial movements as of today, providing insights into market trends and stock performances across various sectors globally.
