Daily Wrap Up
Not financial Advice.
07/11/25 – 4:00 P.M.
Unfortunately, the week closed on a soft note for the ASX200, with the market slipping into the red as investors appeared to step back ahead of the weekend. The financial sector in particular had quite a challenging session. Macquarie Group stood out for the wrong reasons, with its share price sliding sharply and placing a noticeable weight on the broader index. In more welcome news, energy and telecommunications names held their ground well, showing modest strength amid the wider market weakness. News Corp offered a small bright spot too, lifting convincingly and helping to offset some of the broader declines.
Currency traders also had little to cheer about today. The Australian dollar struggled across the board and lost ground against all the major currencies. It was certainly one of those sessions best put behind us from a foreign exchange perspective.
Outside equities and FX, sentiment brightened. The crypto market continued to show resilience, with the major digital assets edging higher. Bitcoin and its peers registered healthy gains, reflecting ongoing enthusiasm in the space. Commodities were similarly constructive. Gold firmed a touch, industrial metals such as aluminium pushed higher, and even oil prices managed a steady rise. Natural gas was the outlier with a slight dip, though nothing dramatic.
While the end to the trading week was somewhat disappointing for equities and the dollar, strength across commodities and crypto provided a welcome balance. We will look forward to a fresh start next week and hopefully a more upbeat tone across the market.
