Wall Street flat, ASX set to fall

Wesfarmers (1 percent decrease), aristocratic entertainment (4 percent decrease) and JB Hi-Fi (1.5 percent weaker) helped the consumer’s optional stocks lower than 1.2 percent lower.

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Lifelors

Energy was the most powerful sector, won 1.1 percent on Monday and 3.4 percent in the last five days. Woodside was 1.4 percent higher and Santos decreased by 0.3 percent.

The materials were the only sector that finished green with an increase of 0.4 percent increased by heavy miners. BHP was 0.4 percent, Fortescie was 1.5 percent and Rio Tinto was 1.2 percent higher.

LionTown Resources performed the best performance of ASX and won 11.4 percent. South32 increased by 4.5 percent and Yancoal 4.1 percent.

FinTech giant block, reserve management business increased by 9.8 percent after reporting higher cash flow in platform business and higher cash flow under management and assets under management.

The company said that the net cash flow for platform works in the second quarter increased to 1.57 billion dollars, while assets under management increased by 5.6 percent.

AMP Chief Alexis George emphasized a strong performance in retirement business.

George said, ında In our retirement business, we have reached an important milestone that provides positive net cash flows for the first quarter since 2017, ”George said.

Lowdown

The local Bourse was subjected to the greatest loss in three months after a rally in the previous session.

On the last two processes, in early April, he saw a pair of saws similar to a pair of days. Monday’s losses have been the most severe of ASX 200 since a decrease of 1.8 percent on April 9, while 1.4 percent of Friday was the best of the index since a rally of 2.3 percent on April 8.

At the beginning of a busy week for the markets, the investor focus Financial times The report showing that the US President was pressing for new tariffs in European Union products last week.

Moomoo market strategist Michael McCarthy said that the US company report season will be attracted by stocks this week because a number of important Australian companies appeal to shareholders.

He said that there may be a hectic week for the markets, a number of US Federal Reserve Board Member, the public speech, the release of New Zealand inflation data, as well as an indicator of Australia and US business activities known as the Purchase Manager Index.

On Friday, at Wall Street, S&P 500 and Nasdaq ended unchanged to a great extent after it has fallen before, after showing that the report has pushed for new tariffs in European Union products.

. Financial times The report said that the Trump administration followed a tariff of at least 15 to 20 percent in any agreement with the European Bloc. US Trade Secretary Howard Lotnick said he was sure that the US could achieve a trade agreement with the European Union on Sunday, but it was a difficult deadline for the start of tariffs.

According to the preliminary data, S&P lost 1.16 points with 6296.20 points, and Nasdaq Composite reached 9.33 points or 20.894.98 at a rate of 0.1 percent. Dow Jones fell to 44,342.09, an average of 142.40 points or 0.3 percent.

Both the S&P 500 and Nasdaq have been pushed to recurrent record levels in recent weeks, because investors showed more indecision to Trump’s tariff threats, and confidence that these policies may not harm the US economy as much as they were afraid.

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Nevertheless, this week was seen as evidence of how Trump’s economic policies were filtered into the wider economy.

A number of economic data, solid retail sales, an increase in consumer inflation and mixed signals such as flat manufacturer prices in June.

The Consumer Emotion Index of Michigan University increased this month, but consumers were still concerned about future price prints.

The earnings season started this week and gave US companies the opportunity to show how tariffs affect or affect their jobs.

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The company said that the impact of tariffs would be felt mostly in the second half of the year.

“People are a little tired of trading tariff headlines or final delivery dates, and people are more interested in seeing the evidence of this, B said Greg Boutle, President of the US Equity and Tribute Strategy in BNP Paribas.

According to LSEG I/B/E/S data, Wall Street, who reported the second quarter earnings of 59 S&P 500 this season, has exceeded the expectations of Wall Street.

Charles Schwab was the last one on Friday after sending higher profits. Regions Financial increased after increasing their estimates for 2025 interest income.

The week showed that eaten forecasts were not a recipe for higher operations. The American Express left the second quarter profit forecasts, but his shares fell. Despite Netflix success Squid game To help the company overcome earnings forecasts. The flow company also removed the annual income view.

Elsewhere, Robinhood markets and crypto currency stocks, including Coinbase Global, rose after the US House of Representatives crossed a bill that would develop a regulatory framework for crypto currencies.

Public services from the S&P sectors in the positive region were the biggest gain.

Energy caused red. After reporting a lower three -month profit and a lower shooter appearance, it was weighed by EXON Mobile, which collapsed after losing a significant legal war on the acquisition of SLB and Chevron’s Hess.