Afternoon trading July 29

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

Half-time wrap:
Australian shares unwound much of yesterday's gains following a subdued reaction on Wall Street to a trade deal with the European Union.
The ASX 200 declined 23 points or 0.26% by mid-session.
The Australian stock benchmark lifted 31 points yesterday in anticipation of a positive US response to the latest trade news. Traders woke this morning to find the S&P 500 barely changed - up a single point or around 0.02% - as the market looked past the EU tariff deal to a slew of corporate earnings and economic news this week, plus an interest rate decision.
“Right now, we’re presuming these tariffs don’t matter,” CNBC's Jim Cramer said. “What matters is earnings, unemployment, the Fed meeting and — you know what — dead last, tariffs.”
Woodside Energy and Santos helped cushion the local market this morning after Brent crude jumped back above US$70 a barrel. Spec stocks and small caps underperformed the wider market as the quarterly reporting season continued to throw cold water on some of the more optimistic market valuations. The Emerging Companies Index dropped 0.93% towards a third straight loss.

Personal trading: Took ZEU and TUA on retrace. Wanted GCM at 2.7c, missed by a whisker.

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