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Betashares chief economist David Bassanese said President Trump’s 12.5% tariff on Australia—imposed citing Canberra’s alleged failure to enforce a ban on goods made with forced labor—is "absurd" and appears to be a thin pretext to replace tariffs str

2026-07-24

Betashares chief economist David Bassanese said President Trump’s 12.5% tariff on Australia—imposed citing Canberra’s alleged failure to enforce a ban on goods made with forced labor—is "absurd" and appears to be a thin pretext to replace tariffs struck down by the US Supreme Court earlier this year. He warned the levy will add to US price pressure at a time when earlier tariff-driven inflation was only beginning to ease and said it raises the risk of the Federal Reserve tightening policy later this year.

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2026-07-24

Asian Stocks 1. The Shanghai Composite Index closed up 9.74 points, or 0.25%, at 3876.78 on Thursday, July 23. 2. The Shenzhen Component Index closed up 61.87 points, or 0.44%, at 14123.31 on Thursday, July 23. 3. The CSI 300 Index closed up 10.76

Asian Stocks 1. The Shanghai Composite Index closed up 9.74 points, or 0.25%, at 3876.78 on Thursday, July 23. 2. The Shenzhen Component Index closed up 61.87 points, or 0.44%, at 14123.31 on Thursday, July 23. 3. The CSI 300 Index closed up 10.76 points, or 0.23%, at 4728.0 on Thursday, July 23. 4. The ChiNext Index closed up 8.79 points, or 0.25%, at 3575.52 on Thursday, July 23. 5. The STAR Market 50 Index closed down 70.39 points, or 3.78%, at 1789.69 on Thursday, July 23. 6. The Hong Kong Hang Seng Index closed up 318.15 points, or 1.28%, at 25,210.81 on Thursday, July 23. The Hong Kong Hang Seng Tech Index closed up 30.25 points, or 0.65%, at 4,698.48 on Thursday, July 23. European Stocks 1. Germany's DAX 30 index closed down 419.90 points, or 1.67%, at 24,754.20 points on Thursday, July 23. 2. The UK's FTSE 100 index closed down 77.81 points, or 0.73%, at 10,639.16 points on Thursday, July 23. 3. France's CAC 40 index closed down 138.80 points, or 1.64%, at 8,299.09 points on Thursday, July 23. 4. The Euro Stoxx 50 index closed down 107.64 points, or 1.70%, at 6,209.35 points on Thursday, July 23. 5. Spain's IBEX 35 index closed down 326.19 points, or 1.67%, at 19,245.11 points on Thursday, July 23. 6. The Italian FTSE MIB index closed down 1470.04 points, or 2.78%, at 51322.00 on Thursday, July 23. US Stocks: 1. The Dow Jones Industrial Average closed down 507.59 points, or 0.97%, at 51710.99 on Thursday, July 23; 2. The S&P 500 closed down 90.79 points, or 1.21%, at 7408.17 on Thursday, July 23; 3. The Nasdaq Composite closed down 553.21 points, or 2.15%, at 25137.69 on Thursday, July 23.
2026-07-24

Melius Research raised Intel (INTC.O) PT to $165 from $150.

Melius Research raised Intel (INTC.O) PT to $165 from $150.
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