Market Updates

The ASX 200 drifted 23 points lower to 8516 (0.3%) ahead of the long weekend. Broad based losses with some of the stars yesterday giving back gains today. Lithium stocks dropped back, PLS dropped 5.2% and IGO down 3.5% with rare earth stock also falling back, LYC down 1.2% and ILU off 3.8%.  Gold miners were slippy tod

Wall Street recorded a negative session as news of talks between Trump and Xi Jinping were overshadowed by the escalating feud between Trump and Musk. Musk has criticised Trump’s “big, beautiful bill” for failing to slash enough government expenditure while Trump has threatened to cut many of Musk’s government contract

The ASX 200 tried hard to attack and sustain the all-time high but failed, dropping 3 points to 8539 (0.1%). Banks were flat as some profit taking crept in, CBA up 0.1% with the Big Bank Basket up to $282.74 (0.1%) insurers down slightly, QBE off 1.4% and financials finding sellers here. REITs mixed, GMG up 1.1% with G

Wall Street recorded a mixed, choppy session amid the release of weak economic data. The services sector contracted in May for the first time in almost a year while businesses paid higher input prices, demonstrating the effects of Trump’s trade policies, slower growth and higher inflation. S&P 500 flat, NASDAQ up 0.32%

ASX 200 finished up 75 points at 8542 (0.9%) close but no cigar. CBA became the first $300bn market cap stock on the ASX. Not surprisingly a new record, the Big Bank Basket up another 1.3% to $282.44. WBC the best of the bunch, up 1.5% with MQG up 1.5% and GQG lifting 4.3%. REITs also firmed GMG up 0.7% on data centre

Wall Street up again amid trade deal optimism and rallying chipmaker stocks. Despite recent tensions, Trump and Xi Jinping are expected to talk this week. S&P 500 up 0.58%, NASDAQ up 0.81%. Dow fell at open but rose steadily throughout the day. Ended near high, up 214 points. Mainly positive sector performance. REITS a