Afternoon trading July 25

Thanks @shovel40, @Fiji1, @uncleBuck, @JohnI and morning crew.

Half-time wrap:

Aussie shares tilted towards a second straight loss as iron ore fell for a third session and the major banks came under renewed selling pressure.

The ASX 200 dropped 44 points or 0.5% by mid-session. This morning's fall kept the Australian benchmark on track for a weekly loss after it ended last week at a record.

Mining giants BHP, Rio Tinto and Fortescue accounted for much of the weakness, losing 0.98% - 3.18% as iron ore slipped 1.9% on the Dalian Commodity Exchange this morning. A tentative mid-week bounce in bank stocks continued to fade, sending the big four down 0.91% - 1.1%.

This morning's weakness followed a narrow, tech-driven advance for the S&P 500 and Nasdaq overnight. Both benchmarks closed at records, but near their lowest points for the session. The Dow slumped 0.7%.


Personal trading: Took EOS back at the 20 EMA for a few pips. Small dabble in GTE, which has exposure to ALB.