Could commodities crack ⛏️

The ASX 200 couldn’t quite crack the 7,000 mark, we did finish off the day's lows but ended up with a 0.3% fall to finish at 6,975. Nine of eleven sectors finished lower, with consumer stocks the big laggards. IT was the leading light, jumping 2.4%. Pinnacle Investment Management was the star performer, rallying 12% after the company reported full-year earnings which beat market expectations (check out our interview with CEO Ian Macoun). Novonix also rallied 8.4% and Tyro Payments added 9.62%. As far as the losers go, ASX shares dropped 3.6% after pushing back the date of its updated CHESS rollout (again) to late 2024. Centuria Industrial REIT also dipped after its update. Star Entertainment Group fell by 3.7%. Turning to the night ahead, ISM Services PMI will be the latest business activity read to give a pulse check on the US economy. 

Our top three VODs:

The highs are in for earnings and margins

Hitting the brakes on the oil market rally

Property? Nope, we're not buying it

Our GDPR privacy policy was updated on August 8, 2022. Visit for more information.