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The ASX200 closed down 0.2% on Monday, largely shrugging off weakness across US futures markets as Trump’s tariff deadline moved ever closer. Over 40% of the main board managed to close higher, with most of the major movers on the day being news-led.

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Latest Reports

Afternoon report

The Match Out: Strong recovery from early weakness ahead of inflation data tomorrow

The ASX is looking interesting here for the chartists, with the market having broken out mid-month before coming back to consolidate above the ~8600 breakout level. Today was important, with a retest and ultimate rally, and while the main board only put on +6pts in aggregate, it was +60pts from the morning low – a bullish sign. The move will be tested tomorrow with the important inflation data out at 11.30am, a more benign print (sub 2.1%) should see the market break higher, and vice versa on a hotter read. A pivotal penultimate day of the month! • The ASX200 +6pts/+0.08% closing at 8704

The Match Out Market Matters
Morning report

What Matters Today: Should we buy the pullback in lithium stocks, or abandon ship?

The ASX200 started the week on a firm footing, closing up +0.4%, back within a few points of the psychological 8700 area. The catalyst for the solid day was news that the EU and the US had reached a trade agreement, and President Trump was looking to extend his tariff truce with China - the US S&P 500 futures buoyed sentiment, opening ~0.5% higher on the tariff news.

what matters today Market Matters
Weekend report

**CORRECT**Weekend Q&A: The ASX200 is feeling “soft” as we approach August & September

The ASX200 slipped 1% last week, eroding 40% of July's gains as the RBA took the shine off the local market even as global indices pushed to fresh highs, i.e. the US S&P 500 advanced +1.5% last week. The S&P 500 notched its 5th straight record weekly closing high, courtesy of more than 80% of the 169 S&P 500 companies that have reported to date have beaten Wall Street’s expectations. In Australia, it's been a more mixed and polarised affair on the reporting front, but with the “Big Four Banks” retreating on average close to 4% the ASX was always going to struggle to match its overseas peers.

Afternoon report

The Match Out: Stocks end the week lower; Resources join Banks in the sell-off

The ASX put in a weaker session seeing sustained selling through the day, as softer iron ore prices weighed on the materials space. With heavyweight resources and the big banks down, the index was fighting a losing battle from start to finish, though we still managed to close higher for the week.

The Match Out Market Matters
Morning report

ETF Friday: Is it too late to buy three “off the beaten track” Top Performing ETFs?

The ASX 200 keeps teasing us with a significant breakout on the upside before gains are tempered by macro &/or geopolitical news. On Thursday, it was the RBA with Michele Bullock delivering a less dovish speech than hoped by many, warning that underlying inflation may not fall as quickly as anticipated, signalling that an interest rate cut next month is not guaranteed - futures markets are still pricing it as a certainty, with a 40% chance of a third before Christmas.

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