CommSec Market Update

US stocks ended the week on a strong note, with technology stocks rebounding and leading Wall Street’s surge. Concerns about a US recession have eased after better-than-expected economic data, while hopes for lower interest rates are in focus ahead of a key Fed meeting. Meanwhile, the ASX faces headwinds as iron ore prices hit their lowest in two years. Earnings season is in full swing, with many companies releasing reports this week. Westpac is set to deliver a trading update on Monday, and the Aussie dollar is firming as the Greenback moderates.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

The ASX had a strong performance today, with the market experiencing its best week of the year, gaining 2.3% and nearing record highs. Global economic data provided a mixed but favorable backdrop, with easing inflation and robust US retail sales boosting investor confidence. Despite challenges, mining and energy stocks led gains, with tech and financial sectors also performing well. Domain shares saw volatility, initially rising before slipping into the red, while Zip surged 13% on a new partnership with Stripe in the US. As the reporting season progresses, anticipation builds for next week's updates from major companies like Domino's, Santos, and Westpac.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

Wall Street surges as stronger retail sales boost investor sentiment, while Aussie investors are focused on NAB's trading update today. The S&P 500 and NASDAQ achieved a six-day winning streak, with big-box retailers climbing after Walmart's strong results. Meanwhile, copper and oil prices rise on hopes of a soft landing, while iron ore hits a 14-month low.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

The Australian share market is teetering on a fifth consecutive day of modest gains despite a mixed bag of economic data. A surprising surge in job growth saw 58,200 new jobs in July, driving speculation about potential rate cuts, though uncertainty lingers. In the corporate world, Cochlear shares plunged over 7% despite solid profits, while Telstra's shares rose on news of a dividend increase, despite a dip in profits. Notable moves included Treasury Wine Estates benefiting from easing Chinese tariffs, and Pilbara Minerals acquiring Latin Resources, sending Latin's shares soaring.

 

 

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

US stocks had mixed fortunes despite encouraging inflation data, with US inflation reaching a three-and-a-half-year low. Shelter inflation stood out, accounting for 90% of the overall rise in the CPI for July. Alphabet weighed on the NASDAQ as options are being considered for breaking up the online search giant. Iron ore prices hit their lowest since May 2023, while lithium miners are in focus after Albemarle's 5% drop. Locally, Australian shares are expected to open higher on Thursday ahead of key jobs data, while the Aussie dollar softened overnight.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

US markets were up overnight, and that performance seemed to help things locally.  Laura and Stevie unpack the US data which saw the Aussie market up at one point close to 1% and explain how the materials sector limited those gains from going any further.  As earnings season continues they discuss the company news that we saw today, look at the best and worst performers, and what data to expect overnight.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

Wall Street celebrates as investors react to the latest inflation figures, with softer US producer prices boosting expectations for a rate cut. Technology shares outperform, led by Alphabet as Google unveils its new Pixel smartphones. Starbucks sees record gains following the appointment of a new CEO, while Home Depot faces a weak sales outlook. In Australia, shares are expected to rise ahead of CBA’s earnings results, and the Reserve Bank of New Zealand may cut rates today.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

The market saw a modest improvement today as investors await a fresh catalyst and upcoming business data as early as tonight may be exactly that.  Laura and Stevie unpack the upcoming data and look at the performance of today in detail.  Today’s wages data failed to move markets and reflect on the performance of each of the sectors with healthcare dragging on the market.  They look at the best and worst performers including Temple & Webster and Seek.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

Wall Street treads water as investors brace themselves for key corporate and economic events, most notably key inflation figures. Gold prices rise, while oil surges for the fifth consecutive session amid Middle Eastern tensions. Locally, investors brace ahead of key wages data and CSL earnings and the Aussie dollar strengthens following the overnight softening of the U.S. dollar.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.

This week has started on a more positive note than what we saw last week on what Laura is calling “an impressive day”.  She is joined by Stevie to reflect on the performance that we saw last week and to discuss the gains of today.  Only two of the 11 sectors finished lower but these losses were counteracted by the positive performance of the remaining sectors.  They discuss the stocks that caught their attention today including CAR Group Limited, and JB Hi-Fi, and discuss the company news that did and could shift markets.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.

See omnystudio.com/listener for privacy information.