Thursday 3rd July - ASX -42pts, PME, NWH, GLF - Market Matters

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03/07/2025

Thursday 3rd July – ASX -42pts, PME, NWH, GLF

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Latest Reports

Afternoon report 17/07/2025

The Match Out: Soft jobs data surely means a rate cut in August! Stocks rally

A positive open this morning, but the buyers really kicked into gear following softer employment data out at 11.30am which opens the door for a rate cut at the next meeting, they should have cut last week! Rate sensitive sectors faired best, though the love was broadly spread with 80% of the main board ending higher.

Morning report 17/07/2025

What Matters Today: What’s MM’s pick from the “Magnificent Seven” as Nvidia soars past $US4 trillion?

The ASX200 took a 0.8% hit on Wednesday, its worst session since early May, with over 65% of the main board retreating. Rising long-term bond yields and ongoing uncertainty around tariffs proved too much for a market striving to post new highs.

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