Live: ASX set to slip despite strength in global markets

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While Wall Street was closed for the Independence Day holiday, European stocks lifted to a new record high.

However, ASX 200 futures point to a muted opening with the market likely to slip after last week's solid rally.

Follow the day's financial news and insights from our specialist business reporters on our live blog.

Disclaimer: this blog is not intended as investment advice.

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Mon 6 Jul 2026 at 6:45am

Mon 6 Jul 2026 at 6:45am

Market snapshot

By Stephen Letts

ASX 200 futures: -0.4% to 8,794 points

ASX 200 (Friday): +1.4% to 8,844 points

Australian dollar: +0.3% to 69.40 US cents

Wall Street: closed

Europe (Friday): Dax +0.8%, FTSE +0.3%, Eurostoxx +0.8%

Spot gold: +1.3% to $US4,175/ounce

Oil: Brent futures +0.2% to $US71.94/barrel, WTI futures +0.1% to $U68.78/barrel

Iron ore (Singapore, Friday): +0.8% to $US98.80/tonne

Copper (LME, Friday): -0.1% to $US13,286/tonne

Bitcoin: -0.8% at $US62,699

Prices current at around 7:00am AEST

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Mon 6 Jul 2026 at 6:42am

Mon 6 Jul 2026 at 6:42am

Good morning

By Stephen Letts

Welcome to another day on the ABC markets and finance blog.

Stephen Letts from the ABC business team limbering up for blow-by-blow coverage of the day's events, where every post is hopefully a winner, but none should be construed as financial advice.

Wall Street was closed on Friday but in Europe business was brisk in equities, with the Eurostoxx 50 gaining 0.8%

However, that looks unlikely to translate to a positive start on the local market with ASX 200 futures down 0.4% at the close of trading on Saturday morning.

It's fairly quiet on the macro front today, with just a couple private sector releases — the ANZ job ads series and the Melbourne Institute inflation gauge will be published later this morning

As always, the game's afoot, so let's get blogging.