Global X Copper Miners ETF (WIRE) v LME Copper ($US/MT)

01/09/2025

Global X Copper Miners ETF (WIRE) v LME Copper ($US/MT)

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Latest Reports

Morning report 02/09/2025

What Matters Today: Can the Retail Sector keep powering ahead?

The ASX200 fell away after an ok first 30 minutes to end Monday, the first trading day of September, down 0.5%. The ASX started the new month on the wrong foot, dragged down by the big banks and major miners, while gold surged to a new all-time high following another post by Donald Trump - more on this later.

Afternoon report 01/09/2025

The Match Out: ASX starts historically weak month on the back foot

Weakness crept into the ASX today as we start the most challenging month of the year, where the ASX has fallen on average 2% for the past 10 years. Dividends play a role here, however we’ve seen declines 70% of the time, and with markets at/near all-time highs, it’s easy to see why some profit taking may creep into the market ahead of the seasonally strong December quarter. Defensives and Gold outperformed while Tech was the obvious pocket of weakness.