CommSec Market Update

Market Close 01 Aug 25: Markets react to tariff deadline


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The long-awaited tariff deadline has landed today, and the market has dropped in response.  This decline has wiped out the gains from prior in the week, and Laura and Stevie unpack what unfolded with the Trump administration revealing multiple tariffs.  Australia’s tariff was low compared to other countries, even New Zealand being given a higher tariff, and Canada has seen a tariff in excess of 30%.  The financial sector has declined today weighing on the market, and utilities was the only sector to see gains.  Resmed has been one of the winners on the market today, while Star Entertainment hit an all-time low, and Laura and Stevie look to the week ahead.

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