PM 07 Jul 26: Mining rout beats bank rally to pull ASX down 0.3%

The Australian share market fell for a second consecutive day as materials and energy stocks declined on softer commodity prices. WiseTech rebounded sharply following leadership changes, while NetWealth surged on Morgan Stanley partnership news. US futures pointed to a positive open tonight, with the Dow Jones setting fresh records. Key catalysts ahead include US employment data and RBA commentary. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. Check out our Market News page Follow us on:InstagramLinkedInYouTubeTikTok The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.