EURUSD FX

24/06/2024

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Afternoon report 09/07/2026

The Match Out: ASX down but does well considering the news flow

The ASX closed lower on Thursday as a fresh surge in oil prices reignited inflation fears, after Donald Trump said the Iran ceasefire was effectively "over" and the US struck Iran for a second consecutive day. The ASX 200 fell as much as ~50pts intraday before rallying through the afternoon to finish down just 22pts – another solid fight back.

Morning report 09/07/2026

What Matters Today: Are the semiconductors a ticking time bomb, or time to buy into panic?

The ASX 200 continues to ride the volatile rollercoaster it's been aboard for well over 400-days. Last week the local market looked destined for new all-time highs following triple-digit gains on Friday, close on the heels of a strong performance on the Thursday. This morning we're sitting at our desks contemplating what's next after President Trump declared the ceasefire with “scum” Iran is over; we knew he wasn’t happy following the USA’s debacle of an exit from the World Cup, but we didn’t think global tensions would escalate in just a matter of hours. The news is already sounding so familiar to much of the last quarter: