Latest news with #Magnificent Seven
News.com.au
03-08-2025
- Business
- News.com.au
ASX July Winners: ASX 200 rose 2.36pc in July as healthcare rebounds 9pc
Australia's S&P/ASX 200 rose 2.36% in July, posting gains of almost 9% so far for CY25 Health care had a dose of good medicine, rebounding 9% to be best performing sector for month Santa Fe Minerals jumps 739% in July after executing deal to acquire Eburnea project in Côte d'Ivoire The start of FY26 was a solid month for the ASX which followed global equity markets higher in July, buoyed by easing inflation, strong corporate earnings and renewed investor confidence that central banks may soften their monetary policies. The S&P/ASX 200 in Australia closed just below its recent all time high, achieving a 2.36% monthly return with all indices in the black, according to S&P Dow Jones Indices (S&P DJI). Inflation falls fuelling optimism of August rate cut In Australia, the June quarter inflation data came in below expectations, reinforcing hopes that the Reserve Bank of Australia (RBA) may further ease interest rates from 3.85% at its August meeting. Figures released by the Australian Bureau of Statistics at the end of July showed CPI inflation fell to 2.1% in the June quarter, down from 3.8% in June 2024. Globally, optimism grew as US inflation also showed signs of cooling. The Federal Reserve kept interest rates on hold, however, markets have increasingly priced in potential cuts in 2025, supporting a broad rally in US equities. There was renewed enthusiasm around AI buoyed by tech-heavy Magnificent Seven where earnings results broadly beat expectations. The S&P 500 rose 2.2% in July, marking its third consecutive month of gains. The tech-heavy Nasdaq Composite added 3.7% for the month, its fourth straight monthly increase. The Dow Jones Industrial Average edged up just 0.1% to maintain its third month of a winning streak. In China, economic concerns were tempered by fresh stimulus hopes, helping shore up broader investor confidence across Asia-Pacific markets. Healthcare finally catches a bid, leading gainers up 9% in July Ten of the 11 sectors rose in July. Long-suffering healthcare, which remains the worst performer YTD, rose 9.05% to lead the gainers in July, much to the delight of Morgan's senior healthcare analyst Scott Power. Commodities also played a role in supporting local markets with iron ore, gold and copper prices all rebounding through the month, providing a lift for the heavyweight materials sector, which rose 4.07%. Energy prices also stabilised, offering a tailwind for oil and gas stocks with the sector, rising 5.71%. Financials was the only sector in the red in July, falling 1.02% hit by delayed rate-cut expectations, stretched valuations and investor profit-taking after a strong run. Equity volatility falls in mixed month for fixed income Equity volatility decreased, reflecting positive market sentiment with the S&P/ASX 200 VIX closing near its YTD low of around 10, while the S&P 500's VIX fell to a 15 handle, according to S&P DJI. Fixed income indices showed mixed results. The 50 best performing ASX stocks in July CODE COMPANY LAST SHARE PRICE JULY RETURN % MARKET CAP IS3 I Synergy Group Ltd 0.011 1000% $18,769,299 SFM Santa Fe Minerals 0.26 739% $18,932,885 FAL Falcon Metals 0.49 216% $87,003,080 RPG Raptis Group Limited 0.19 202% $66,630,122 OKJ Oakajee Corp Ltd 0.058 190% $5,303,870 PAB Patrys Limited 0.002 182% $4,731,620 LDX Lumos Diagnostics 0.073 170% $54,642,181 NSB Neuroscientific 0.235 170% $78,155,291 REY REY Resources Ltd 0.027 170% $5,712,144 BCA Black Canyon Limited 0.3225 169% $42,883,795 NHE Noble Helium 0.05 163% $29,976,250 ASN Anson Resources Ltd 0.12 161% $166,408,385 ALR Altair Minerals 0.005 150% $21,483,721 PLG Pearl Gull Iron 0.015 150% $3,068,127 DY6 DY6 Metals 0.26 136% $23,759,499 VMM Viridis Mining 1.11 136% $95,704,572 KPO Kalina Power Limited 0.0115 130% $33,729,451 EWC Energy World Corporation 0.048 129% $147,788,220 CMG Critical Mineral Group 0.18 125% $16,297,985 PEC Perpetual Resources 0.027 125% $23,577,162 CUF Cufe Ltd 0.011 120% $14,812,324 MPA Mad Paws 0.135 118% $54,842,705 G50 G50 Corp Ltd 0.29 115% $46,573,321 NXS Next Science Limited 0.14 109% $40,967,551 I88 Infini Resources Ltd 0.17 105% $8,902,903 CMB Cambium Bio Limited 0.425 102% $7,770,133 HCT Holista CollTech Ltd 0.099 102% $33,169,816 AOA Ausmon Resorces 0.002 100% $2,622,427 AS2 Askari Metalsl 0.011 100% $4,445,878 CR9 Corellares 0.004 100% $4,029,079 CT1 Constellation Tech 0.002 100% $2,949,467 GLL Galilee Energy Ltd 0.011 100% $7,779,122 QXR Qx Resources Limited 0.004 100% $5,241,315 WEL Winchester Energy 0.002 100% $2,726,038 PUA Peak Minerals Ltd 0.063 97% $183,161,241 NOX Noxopharm Limited 0.105 94% $30,684,985 EVG Evion Group NL 0.033 94% $14,352,359 AUG Augustus Minerals 0.042 91% $7,137,750 BHM Broken Hill Mines 0.4 90% $43,037,158 PPK PPK Group Limited 0.615 89% $55,849,686 BDG Black Dragon Gold 0.086 87% $27,345,081 LAT Latitude 66 Limited 0.043 87% $6,166,230 DVL Dorsavi Ltd 0.028 87% $25,513,515 FTI Fortifai Ltd 0.14 87% $20,536,301 AIV Activex Limited 0.013 86% $2,801,534 ICR Intelicare Holdings 0.013 86% $6,320,446 TOU Tlou Energy Ltd 0.024 85% $31,166,024 RRR Revolver Resources 0.057 84% $15,747,633 PGD Peregrine Gold 0.275 83% $23,333,129 NVQ Noviqtech Limited 0.042 83% $10,564,535 Affiliate marketing platform, iSynergy Group (ASX:IS3) rocketed 1000% higher in July after a series of announcements, including that it inked a non-binding memorandum of understanding (MOU) with Malaysian-based technology solutions provider Treasure Global Inc (Nasdaq:TGL) "to explore a proposed strategic collaboration focused on artificial intelligence (AI) infrastructure development". The MOU outlines a preliminary deal between IS3 and for the sale and purchase of advanced AI-based GPUs, as well as potential joint initiatives to design, develop, and deploy AI cloud infrastructure in Malaysia. Santa Fe Minerals (ASX:SFM) jumped 739% in July to a three-year high of 26 cents after executing a deal to acquire the Eburnea project in Côte d'Ivoire from Turaco Gold (ASX:TCG). Binding share purchase agreements will give SFM 100% of the Satama permit covering 168.7km2 and up to 90% of the Bouake North application covering 380.8km2 once granted. Satama has delivered encouraging results, including 26m at 4.82g/t gold, and lies on a 2km mineralised zone with strong potential for growth, supported by geophysical and historical data pointing to multiple repeat parallel zones. Pet stock Mad Paws (ASX:MPA) rose 118% in July after inking a $62 million takeover deal with US pet care giant Rover, with shareholders set to receive 14 cents a share in cash, an 87% premium to its last closing price. As part of the deal, MPA will offloading its Pet Chemist business to VetPartners for around $13m and shut down its Sash and Waggly brands. The board's backing the deal, and so are major holders. The 50 worst performing ASX stocks in July CODE COMPANY LAST SHARE PRICE JUNE RETURN % MARKET CAP AQC Auspaccoal Ltd 0.009 -84% $6,304,208 CDE Codeifai Limited 0.02 -71% $9,438,019 BOE Boss Energy Ltd 1.74 -63% $721,963,429 MHK Metalhawk 0.17 -59% $20,976,736 LOC Locate Technologies 0.087 -59% $20,460,167 BYH Bryah Resources Ltd 0.005 -58% $5,142,663 BOT Botanix Pharma Ltd 0.15 -53% $294,168,996 1TT Thrive Tribe Tech 0.01 -50% $1,015,864 PNT Panther Metals 0.009 -44% $2,708,141 RIM Rimfire Pacific 0.014 -42% $35,362,515 SMM Somerset Minerals 0.014 -42% $9,031,127 CGR CGN Resourcesl 0.048 -40% $4,357,353 IMU Imugene Limited 0.27 -39% $77,894,281 LIC Lifestyle Communities 4.44 -37% $540,525,840 AUZ Australian Mines Ltd 0.007 -36% $11,977,085 MPP Metro Performance Glass 0.042 -36% $7,785,880 VIG Victor Group Hldgs 0.049 -36% $31,959,107 ZMI Zinc of Ireland NL 0.007 -36% $4,074,075 CYQ Cycliq Group Ltd 0.002 -33% $921,033 ECT Env Clean Tech 0.002 -33% $8,030,871 EEL Enrg Elements Ltd 0.001 -33% $3,253,779 IVT Inventis Limited 0.01 -33% $764,244 AR9 Archtis Limited 0.155 -33% $52,584,833 UBI Universal Biosensors 0.024 -31% $7,153,618 UCM Uscom Limited 0.011 -31% $2,861,618 R8R Regener8 Resources NL 0.093 -31% $3,032,033 HMC HMC Capital Limited 3.59 -30% $1,481,290,474 VHL Vitasora Health Ltd 0.028 -28% $48,119,228 AQD Ausquest Limited 0.043 -27% $59,877,115 NMR Native Mineral Resources 0.135 -27% $132,118,024 HYT Hyterra Ltd 0.019 -27% $31,686,448 KAI Kairos Minerals Ltd 0.022 -27% $57,880,068 AII Almonty Industries 5.32 -27% $61,497,955 REM Remsense Tchnologies 0.034 -26% $5,685,956 BB1 Blinklab Limited 0.43 -25% $37,522,297 AM5 Antares Metals 0.006 -25% $3,089,117 CHM Chimeric Therapeutic 0.003 -25% $9,747,370 EDEDA Eden Innovations 0.03 -25% $6,164,822 KLR Kaili Resources Ltd 0.006 -25% $884,402 M4M Macro Metals Limited 0.006 -25% $23,864,505 NIM Nimy Resources 0.06 -25% $14,428,847 RGL Rivers Gold 0.003 -25% $5,051,138 RLG Roolife Group Ltd 0.003 -25% $4,778,344 WFL Wellfully Limited 0.003 -25% $1,478,832 ESR Estrella Res Ltd 0.039 -25% $80,194,018 SX2 Southgold Consol 5.42 -25% $764,254,889 AGR Aguia Res Ltd 0.025 -24% $36,981,833 GEM G8 Education Limited 0.9 -24% $694,402,880 QEM QEM Limited 0.029 -24% $6,855,610 CTT Cettire 0.26 -24% $99,121,937 VTX Vertexmin 0.195 -24% $42,920,366
Yahoo
24-07-2025
- Business
- Yahoo
Morning Bid: Trade deals bring happy days again
A look at the day ahead in European and global markets from Rocky Swift You get a trade deal! You get a trade deal! Everybody gets a trade deal! Well, it's not quite like Oprah doling out new cars, but trade agreements to avert the punishing tariffs from U.S. President Donald Trump are popping up all over the place, and markets are welcoming each with relief and enthusiasm. Stock indexes in Tokyo and Singapore followed in the footsteps of Wall Street to chart new all-time highs. The Trump administration reached trade pacts with Japan, the Philippines and Indonesia, and the European Union and South Korea could be next in line. The EU and U.S. are closing in on a deal that would impose 15% tariffs on European imports, while waiving duties on some items, according to officials from the European Commission. Meanwhile, Treasury Secretary Scott Bessent said U.S. and Chinese officials will meet in Stockholm next week. Earnings season is under way in the U.S., with 23% of the companies in the S&P 500 having reported. Of those, 85% have beaten Wall Street expectations, according to LSEG data. Results from Magnificent Seven members - a group of high-performing tech stocks that powered Wall Street's rally for years - are in the spotlight for guidance on spending and returns surrounding artificial intelligence (AI). Nasdaq and S&P futures rose after Google parent Alphabet posted a beat on earnings after the bell and outlined an expanded capital spending plan. Equity futures are pointing to strong openings across Europe. But it's not all sunshine and lollipops. Luxury goods giant LVMH is expected to report another drop in quarterly sales, deepening investor worries about a prolonged downturn in the $400 billion market in the face of U.S. tariffs. The results will likely show that any revival in demand for pricey fashion in the key U.S. and Chinese markets remains elusive. French luxury group Kering will report next week. And the White House said overnight that Trump will go to the Federal Reserve on Thursday, a visit that follows his threats to fire Fed Chair Jerome Powell that have rattled U.S. bonds markets. Key developments that could influence markets on Thursday: - European earnings: LVMH, Deutsche Bank, BNP Paribas, Roche Holding, Nestle, Lloyds Banking Group - U.S. earnings: Blackstone, Honeywell International, American Airlines - European Central Bank monetary policy meeting, followed by comments from President Christine Lagarde - July flash PMIs for the euro zone, Britain and the U.S. - European data: Germany GfK consumer sentiment for August, UK GfK consumer confidence for July - U.S. data: initial jobless claims, new home sales - Canada retail sales Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here.
Reuters
24-07-2025
- Business
- Reuters
EUROPE Trade deals bring happy days again
A look at the day ahead in European and global markets from Rocky Swift You get a trade deal! You get a trade deal! Everybody gets a trade deal! Well, it's not quite like Oprah doling out new cars, but trade agreements to avert the punishing tariffs from U.S. President Donald Trump are popping up all over the place, and markets are welcoming each with relief and enthusiasm. Stock indexes in Tokyo and Singapore followed in the footsteps of Wall Street to chart new all-time highs. The Trump administration reached trade pacts with Japan, the Philippines and Indonesia, and the European Union and South Korea could be next in line. The EU and U.S. are closing in on a deal that would impose 15% tariffs on European imports, while waiving duties on some items, according to officials from the European Commission. Meanwhile, Treasury Secretary Scott Bessent said U.S. and Chinese officials will meet in Stockholm next week. Earnings season is under way in the U.S., with 23% of the companies in the S&P 500 having reported. Of those, 85% have beaten Wall Street expectations, according to LSEG data. Results from Magnificent Seven members - a group of high-performing tech stocks that powered Wall Street's rally for years - are in the spotlight for guidance on spending and returns surrounding artificial intelligence (AI). Nasdaq and S&P futures rose after Google parent Alphabet (GOOGL.O), opens new tab posted a beat on earnings after the bell and outlined an expanded capital spending plan. Equity futures are pointing to strong openings across Europe. But it's not all sunshine and lollipops. Luxury goods giant LVMH ( opens new tab is expected to report another drop in quarterly sales, deepening investor worries about a prolonged downturn in the $400 billion market in the face of U.S. tariffs. The results will likely show that any revival in demand for pricey fashion in the key U.S. and Chinese markets remains elusive. French luxury group Kering ( opens new tab will report next week. And the White House said overnight that Trump will go to the Federal Reserve on Thursday, a visit that follows his threats to fire Fed Chair Jerome Powell that have rattled U.S. bonds markets. Key developments that could influence markets on Thursday: - European earnings: LVMH, Deutsche Bank, BNP Paribas, Roche Holding, Nestle, Lloyds Banking Group - U.S. earnings: Blackstone, Honeywell International, American Airlines - European Central Bank monetary policy meeting, followed by comments from President Christine Lagarde - July flash PMIs for the euro zone, Britain and the U.S. - European data: Germany GfK consumer sentiment for August, UK GfK consumer confidence for July - U.S. data: initial jobless claims, new home sales - Canada retail sales Trying to keep up with the latest tariff news? Our new daily news digest offers a rundown of the top market-moving headlines impacting global trade. Sign up for Tariff Watch here.
Reuters
23-07-2025
- Business
- Reuters
Wall Street rises on US-Japan trade deal, hopes for more tariff talks
July 23 (Reuters) - Wall Street climbed on Wednesday after President Donald Trump secured a trade deal with Japan, sparking optimism for a flurry of new agreements as the August 1 deadline looms. The pact will slash tariffs on the Japanese auto sector to 15% from 27.5%, with duties on other goods also dropping to 15% from 25%. At 9:41 a.m. ET, the S&P 500 (.SPX), opens new tab gained 20.11 points, or 0.31%, to 6,329.73 and the Nasdaq Composite (.IXIC), opens new tab gained 39.71 points, or 0.19%, to 20,932.40. The Dow Jones Industrial Average (.DJI), opens new tab rose 215.38 points, or 0.48%, to 44,717.82, closing in on its all-time high. Meanwhile, Wall Street's "fear gauge," the CBOE Volatility Index (.VIX), opens new tab, dipped to its lowest level in nearly two weeks. As U.S. and EU officials head into crucial trade talks, hopes are high for a breakthrough agreement. However, the European Commission signaled it's ready to play hardball, preparing to seek approval for 93 billion euros ($109 billion) in counter-tariffs on American goods. "The United States has been working very hard on trying to get a lot of trade deals in time before the August 1st deadline, and it seems like they're starting to get some momentum. So I do think this is a very positive sign," said Chris Zaccarelli, chief investment officer at Northlight Asset Management. Investors are now laser-focused on earnings from the "Magnificent Seven" — the market's star performers who have powered stocks to record highs. Tesla (TSLA.O), opens new tab and Alphabet (GOOGL.O), opens new tab are set to report after the bell on Wednesday. With AI optimism running high and valuations stretched, expectations for these tech giants are sky-high, leaving little margin for disappointment. In earnings-focused moves, GE Vernova's (GEV.N), opens new tab shares climbed 13.7% to an all-time high, as the power equipment maker raised its current-year revenue and free cash flow forecasts after beating Wall Street estimates for second-quarter profit. Texas Instruments (TXN.O), opens new tab tumbled 12.7% after its quarterly profit forecast failed to impress investors, as it pointed to weaker-than-expected demand for its analog chips from some customers and underscored tariff-related uncertainty. The earnings also weighed on its peer analog chipmakers, with NXP Semiconductors (NXPI.O), opens new tab, Analog Devices (ADI.O), opens new tab and ON Semiconductor (ON.O), opens new tab falling between 3.5% and 5.6%. Toymaker Hasbro (HAS.O), opens new tab slipped 2.4% even after raising its annual revenue forecast. A 1.7% drop in AT&T (T.N), opens new tab kept the communications sector (.SPLRCL), opens new tab in the red, with all other sectors in positive territory. The company's stock dropped despite beating quarterly profit estimates. In economic data, existing home sales numbers for June are due on the day. Thursday's weekly jobless claims numbers and S&P Global's flash PMI data will be closely assessed to gauge economic health in the wake of tariff uncertainties. Following a mixed set of economic data last week, traders have ruled out an interest rate cut by the Federal Reserve next week. Odds for a September reduction stand at 58%, according to the CME FedWatch tool. The Fed's July meeting will follow on the heels of mounting concerns about its independence amid political interference and President Trump's persistent attacks on Chair Jerome Powell for his reluctance to cut rates. Advancing issues outnumbered decliners by a 2.22-to-1 ratio on the NYSE and by a 1.76-to-1 ratio on the Nasdaq. The S&P 500 posted 30 new 52-week highs and two new low, while the Nasdaq Composite recorded 48 new highs and eight new lows.
Yahoo
23-07-2025
- Business
- Yahoo
Wall Street futures lifted by US-Japan trade deal
(Reuters) -U.S. stock index futures jumped on Wednesday after President Donald Trump struck a trade deal with Japan, bolstering expectations of more such agreements as the August 1 deadline approaches. The agreement includes lowering tariffs on Japan's auto sector to 15% from the previous 27.5%, while duties on other Japanese goods will also be slashed to 15% from 25%. At 5:48 a.m. ET, S&P 500 E-minis were up 23.25 points, or 0.37%. Nasdaq 100 E-minis were up 37.25 points, or 0.16%, and Dow E-minis were up 216 points, or 0.48%. The benchmark S&P 500 closed at a record high on Tuesday, marking its eighth record close in nearly a month, boosted by easing trade tensions, signs of a resilient U.S. economy and largely upbeat second-quarter earnings. The blue-chip Dow ended 0.4% higher and was just 1.25% shy of its all-time high. The tech-heavy Nasdaq, however, was dragged lower by losses in Meta Platforms and Microsoft. Investors' attention is on earnings from "Magnificent Seven" group that have helped propel U.S. stocks to all-time highs, with Tesla and Alphabet set to report after the closing bell on Wednesday. Renewed optimism about artificial intelligence, coupled with stretched valuations, has led to elevated earnings expectations for these stocks, leaving little room for disappointment. Shares of Tesla and Alphabet were largely steady in premarket trading. Texas Instruments sank 11.7% after its quarterly profit forecast failed to impress investors, as it pointed to weaker-than-expected demand for its analog chips from some customers and underscored tariff-related uncertainty. The earnings also weighed on its peer analog chipmakers, with Analog Devices, NXP Semiconductors and ON Semiconductor falling between 4.7% and 6.3%. Automaker General Motors became a casualty of the trade war on Tuesday when it said Trump's tariffs took a $1.1 billion hit on its quarterly earnings, sending its shares down more than 8%. Other notable names reporting on Wednesday include Hasbro, Chipotle, and Mattel. In economic data, existing home sales numbers for June is due on the day. Thursday's weekly jobless claims numbers and S&P Global's flash PMI data will be closely assessed to gauge economic health in the wake of tariff uncertainties. Following a mixed set of economic data last week, traders have ruled out an interest rate cut by the Federal Reserve next week. Odds for a September reduction stand at 56.1%, according to the CME FedWatch tool. Sign in to access your portfolio
