MM is neutral toward WTC

07/07/2023

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Afternoon report 22/06/2026

The Match Out: ASX holds despite US-Iran wobbles, WTC tumbles on AFP probe

The ASX 200 finished mildly lower, recovering from early weakness to close near breakeven as strength in the banks and consumer discretionary stocks offset a sharp selloff in technology. Markets spent much of the session digesting conflicting headlines surrounding US-Iran negotiations, with oil prices reversing an early rally as hopes for further diplomatic progress emerged out of the Lake Lucerne Summit this morning.

Morning report 22/06/2026

Macro Monday: Rotation continues as a hawkish Fed weighs on stocks

The Fed may have left interest rates unchanged last week, but its accompanying commentary caught the market napping. Incoming Fed Chair Kevin Warsh's first FOMC meeting delivered a clear message: inflation remains the enemy, rate cuts are not guaranteed, and investors should continue to expect a data-dependent Fed.