Tech rebounds, gold rallies, and all eyes turn to the RBNZ | Market Movements
About this episode
The episode discusses recent market movements, including a tech rebound and gold rally, while focusing on upcoming decisions from the Reserve Bank of New Zealand.
SHARESIES · MARKET MOVEMENTS · 8 JULY 2026 Jordan Cunningham, Sharesies Head of Data & Analytics Note: Filmed Tuesday 7 July. ↑ WHAT'S UP — Markets rallied. The Dow gained 2%, the S&P 500 rose 1.8%, the Nasdaq climbed 2.1%, and the ASX 200 finished up 0.9%, helped by its strongest trading session in three weeks. ↓ WHAT'S DOWN — Semiconductor stocks lagged despite the broader tech rebound, with the Philadelphia Semiconductor Index falling 4.4%. Reports that Meta could sell excess AI computing capacity reignited questions about whether the industry has built too much infrastructure. ! BIGGEST SURPRISES — US nonfarm payrolls increased by just 57,000 in June, well below expectations. Markets responded by sharply reducing the odds of another Fed rate hike, while falling oil prices continued to ease inflation concerns. Despite that, US Treasury yields finished the week slightly higher. ◎ WHAT TO WATCH — The Reserve Bank of New Zealand delivers its OCR decision this week, while the US releases FOMC meeting minutes and Q2 earnings season gets underway. ◈ BIGGER PICTURE — Investors are increasingly pricing in a world where…
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