Market update: 14 July 2026
Australian shares edged lower this week, with the ASX 200 down 0.4%, as renewed hostilities between the US and Iran weighed on investor confidence and pushed oil prices higher before they stabilised. The Australian 10-year government bond yield rose to 4.87%, while the Australian dollar remained around US$0.69. RBA Chief Economist Sarah Hunter noted that geopolitical events and supply shocks continue to make managing inflation more challenging, with Australia’s core inflation remaining elevated compared with other developed economies. Housing also remained in focus, with new dwelling completions continuing to fall well short of the National Housing Accord target.
US markets finished mixed, with the S&P 500 up 1.2%, the Nasdaq rising 1.7% and the Dow Jones down 0.5%. Strong gains in AI and semiconductor companies helped offset market volatility linked to the conflict in the Middle East. Investor sentiment was also supported by resilient consumer spending and labour market conditions. Meanwhile, SK Hynix completed the largest US IPO ever by a foreign company, raising US$26.5 billion, and tariff refunds approaching US$100 billion provided a modest boost to the inflation outlook.
European shares moved lower, with the Euro Stoxx 600 down 1.8% and the Euro Stoxx 50 falling 2.2%. Markets were pressured after the collapse of the US-Iran ceasefire renewed concerns about energy prices and increased expectations that the European Central Bank may need to continue tightening monetary policy.
Japanese equities also declined, with the Nikkei falling 1.7%. Rising oil prices weighed on sentiment given Japan’s reliance on imported energy. Government bond yields briefly reached their highest level since 1996, while producer prices increased 7.1% compared with a year earlier, highlighting ongoing inflation pressures.
Chinese markets were mixed, with the Shanghai Composite down 1.2% while the Hang Seng rose 3.5%. An early rally in mainland AI and semiconductor stocks faded as investors took profits. Meanwhile, the People’s Bank of China maintained an accommodative policy stance following its second quarter meeting, but stopped short of announcing any broad stimulus measures.
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This blog has been issued by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) as Responsible Entity of the Raiz Invest Australia Fund (ARSN 607 533 022) and has been prepared without taking into account your objectives, financial situation or needs. Before acting on such information, you should
This blog has been issued by Instreet Investment Limited (ACN 128 813 016 AFSL 434776) as Responsible Entity of the Raiz Invest Australia Fund (ARSN 607 533 022).
Raiz Invest Australia Limited (ABN 26 604 402 815) (Corporate Authorised Representative of Instreet Investment Limited ABN 44 128 813 016, AFSL 434776) is the promoter of Raiz Invest Super, a Division of AMG Super. The Product Disclosure Statement (PDS), Member Guide and Target Market Determination (TMD) are issued by Equity Trustees Superannuation Limited (AFSL 229757, RSE Licence No L0001458) as Trustee of AMG Super.
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