Morning Report 21 Jul 25: Tariff talk keeps a lid on Wall Street

U.S. stocks closed the week on a mixed note as investors weighed the next steps on trade tariffs. In company news, 3M slumped on concerns about the impact of tariffs, Charles Schwab slipped despite reporting higher earnings, and Netflix fell 5% as investors looked past its strong results. Across Europe, talk of higher tariffs weighed on sentiment and dragged stock prices lower. Back home, futures point to a weaker open for the ASX 200, with market attention turning to upcoming updates from AMP and South32. 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.