Tech sells off as banks post record quarter | Market movements
About this episode
Jacki Neumann discusses recent market movements, including a tech sell-off and strong bank earnings amidst geopolitical tensions.
SHARESIES · MARKET MOVEMENTS · 22 JULY 2026 Jacki Neumann, Head of Capital Markets at Sharesies Note: Filmed Tuesday 21 July ↑ WHAT’S UP — As US–Iran tensions re-escalated, Brent crude oil spiked more than 13% for the week. US banks posted strong results on record ECM and trading revenue off the back of the SpaceX IPO and AI infrastructure fundraising. ↓ WHAT’S DOWN — A tech-led sell-off pulled the S&P 500 down 1.5% and the Nasdaq 2.9%. The Philadelphia Semiconductor Index tumbled almost 10%, closing more than 20% below its June peak. Materials and tech led an ASX pullback. ! BIGGEST SURPRISES — June US inflation came in cooler than expected, even as several Fed officials stayed hawkish. China's Q2 GDP grew just 4.3% — its weakest since late 2022 — with a knock-on risk for Australian iron ore names like BHP, Rio Tinto and Fortescue. ◎ WHAT TO WATCH — Earnings season steps up this week, with Alphabet and Tesla both reporting. On Thursday the ECB delivers its rate decision, with a hold expected, and Australia's June jobs data lands, with unemployment tipped to stay near 4.4%. ◈ BIGGER PICTURE &mdash…
Sponsors
Sharesies
More episodes of Shared Lunch
- The Sharesies Index: Inside the latest investor trends
- Aussie futurist on the 2050 economy
- ‘Earnings bubble’ meets geopolitical risk | Market Movements
- Bite: Building wealth beyond property
- Why are ETFs having a record year?
- Tech rebounds, gold rallies, and all eyes turn to the RBNZ | Market Movements
Explore listener stats, chart rankings, contacts and more on the Shared Lunch podcast page.