Pre-Market Report – Monday 7 July: US markets closed Friday | RBA this week

European markets finished mixed Friday. Wall Street shut for the Independence Day Holiday. STOXX 600 down 0.48%. FTSE flat and Germany down 0.61% as EU envoys failed to reach a breakthrough on US trade negotiations. Banks and mining stocks the worst performers. Nasdaq up 1.6%. S&P 500 up 1.7% as the ‘buy everything’ narrative continued this week which saw Trump’s Bill signed into law, the US labour market show unexpected strength, and the financial year wrap up.Commodities mixed Friday. US copper shut but LME finished down 0.8%. Flat over the week, global copper stocks holding onto last week’s huge gains (WIRE was up 8%).Brent down 0.5% as OPEC raised production. Middle East conflict all but forgotten.Iron ore gained for the 2nd week in a row on improved Chinese sentiment. BHP up 3.2% while RIO finished the week flat.SPI up 9 - US Futures ease Sunday night. Want to invest with Marcus Today? The Managed Strategy Portfolio is designed for investors seeking exposure to our strategy while we do the hard work for you.If you’re looking for personal financial advice, our friends at Clime Investment Management can help. Their team of licensed advisers operates across most states, offering tailored financial planning services.  Why not sign up for a free trial? Gain access to expert insights, research, and analysis to become a better investor.