CommSec Market Update

Wall Street falls as investor fears shifted towards a slowing economy, with US recession concerns affecting the ASX. Technology stocks are under pressure as investors worry about the AI runway, and the NASDAQ has entered correction territory following weak US jobs reports. The ASX is set to open sharply lower, with oil prices hitting an eight-month low.

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The Aussie share market experienced its worst day of the year, with almost 90% of stocks in the red. This decline followed two consecutive days of record highs and could be attributed to profit-taking by investors. The US market also saw a slump, particularly in technology stocks, due to disappointing economic data. Key events to watch next week include the upcoming US jobs data and the Reserve Bank of Australia's interest rate decision.

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.

Join Tom and Ryan as they discuss the week ahead in Aussie and global markets. Wall Street falls on growth concerns, while Amazon plunges 5% on weaker-than-expected results. The Bank of England cuts interest rates for the first time in four years, and European automakers struggle with earnings misses. The chip stock route resumes, and falling commodity prices weigh on the Aussie 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.

After closing at a record high yesterday the market has continued to grow, starting the month with further gains.  Laura and Stevie reflect on the performance of local markets throughout July comparative to international markets, look at what inflation data and recent interest rate decisions could mean for rate cuts later in the year, and unpack the performance of each of the sectors with tech, property, and commodities all seeing boosts.  They discuss the stocks that stood out today and look at how tech earnings data could move markets in the days ahead.

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 has reason to celebrate as the US Federal Reserve paves the way for a September rate cut. The S&P 500 and NASDAQ had their best days since February 22 of this year. Meta Platforms surged as sales surpassed estimates due to advertising growth, and oil prices jumped amid Middle Eastern tensions. Closer to home, Aussie shares are expected to start the month building on record highs. Home prices have risen for the 18th straight month, and the Greenback comes to the Aussie dollar’s rescue.

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 has ended the month on a high with today being the best day of the entire year.  Laura and Stevie reflect on the performance of the local market over the past month where four record highs were recorded, and they look at how quarterly inflation data impacted investors today finally providing the much-needed catalyst that they have spoken of for the past few days.  They unpack how this may impact the imminent interest rate decision, look at how the sectors performed with almost all stocks in positive territory, and the company news that received attention 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.

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US technology names face selling pressure ahead of key earnings figures. Microsoft shares slide after slightly missing cloud revenue expectations. The Reserve Bank faces challenges with falling economic growth and rising inflation. US interest rates and Aussie inflation data are in focus, while chip shares fall as rotation into value stocks continues. Meanwhile, oil prices hit a seven-week low, and Rio Tinto will release its earnings 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.

It was good news yesterday with gains all round but today those gains have been lost as the market struggles to find direction.  Laura and Stevie reflect on the performance of yesterday and how the local market today compared to US markets. With 7 in every 10 sectors locally dropping and energy and mining stocks weighing on the day the most they look at these losses in more detail, discuss the stocks that caught their eye, and look at what upcoming company news could do to the market as the week continues.

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 consolidates ahead of key central bank decisions and a slew of company news. McDonald's same-store sales growth turns negative for the first time since the pandemic. Microsoft earnings will be in focus tonight and Tesla shares rise on analyst upgrades. UK interest rates are at their lowest levels since April, and commodity prices continue to slide, with oil down almost 2%. Locally, the Australian corporate reporting season has kicked off, and the Aussie dollar carries the weight of weak commodity prices.

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.

With all 11 sectors seeing gains today the market has recovered from the losses of last week nearing another record high.  Roughly 75% of all stocks on the market saw increases with tech stocks performing the best, Laura and Stevie discuss this and look at the performance of the other sectors, and touch on the spike that the Star Entertainment Group has seen through this afternoon.  They unpack the numerous events that could shift the market this week and look at the stocks that moved the most.

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.