Morning Report 09 Jul 25: US stocks hit a wall as Trump’s remarks lift copper

Wall Street stalled overnight amid a lack of investor conviction, with banks leading the declines as HSBC adopted a more cautious stance. US Treasury yields fell for a fifth straight session, while copper posted its best day since 1989 after President Trump vowed not to extend tariffs and toughened his stance on copper and drug imports. In company news, Moderna was the top performer on the S&P 500, surging 8.8%, while Amazon Prime Day spending remains in focus. Back home, Aussie shares are set to open lower on Wednesday after the RBA surprised markets with its latest decision. 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.