CommSec Market Update

Investors are cautious following President Joe Biden's withdrawal from the presidential race. The US dollar is strengthening as investors anticipate interest rate cuts. Technology stocks have plummeted due to the global cyber outage, while safe-haven assets are in focus amidst US political uncertainty. In other news, oil prices have dropped to their lowest levels since June, copper has hit a three-month low due to China's economic gloom, and Aussie miners are on edge as commodity prices retreat.

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The share market is on track to post the worst session it has seen in 6 weeks.  Laura and Stevie reflect on this performance unpacking why it might not be all doom and gloom given that the market has seen continuing record highs.  They look at the international market moves that have impacted us locally, and the performance of the sectors where the materials sector and banking are causing declines.  They look at the big movers and what to expect 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.

Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets.
Wall Street experiences significant selling pressures overnight, leading to a decline in US stocks with both the NASDAQ and S&P 500 finishing lower. Meanwhile, Netflix beats analyst estimates as memberships rise while Dominos has its worst day since 2008. In Europe, stocks close lower as the ECB holds interest rates steady. Closer to home, the ASX is set to tumble due to concerns about demand in China and falling metal 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.

The market has seen a slight slide today on a day that Laura says ‘could have been much worse’.  She is joined by Stevie to unpack how the tech sector influenced that decline, the jobs data which did result in a slight dip this afternoon, and what to watch as the month progresses.  They look at the performance of each the sectors which have almost all seen declines, the biggest movers which include Domino’s as the worst performer, and the US data that is expected 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.

Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets. Chip makers experienced their worst day since March 2020 amid escalating US-China tensions following comments from Donald Trump. European markets were also impacted by declines in technology stocks, while the Dow Jones continued its rally to reach new record highs. Meanwhile, in Australia, shares are set to slip ahead of key jobs data, and energy stocks are in focus as oil prices soar.

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 surged today, achieving its third record high in four sessions, driven by optimism over a potential interest rate cut in the US. Financials outperformed, hitting fresh highs, and Gold stocks shone, with notable gains for Evolution Mining and Northern Star. In corporate news, Drone Shield and Zip faced challenges, while Core Lithium and one luxury retailer experienced mixed fortunes. Investors are now keenly awaiting key profit results from major US companies and tomorrow's Aussie jobs report.

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. The US saw small caps surge on rate cut bets and investors focus on investors bank revival. Meanwhile, a resource slump weighs on European stocks. The ASX is set to rise as gold hits a record high, with Aussie shares expected to rise ahead of BP releasing their quarterly numbers. Additionally, the Aussie Dollar eases.

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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The market has taken a breather after the historic heights of yesterday where it cracked 8000 points.  Laura and Stevie reflect on this recent performance also discussing the highs that have been seen in the US this year.  The materials sector has been dragging on the market today with property stocks seeing gains.  As a result, they unpack the mixed performance over the sectors, look at the stocks that moved the most, and the data out of the US that could shift markets 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 ends higher as investors firm bets on Trump win. European luxury names slump on a weak outlook, while Apple shares hit a record on an optimistic outlook. Meanwhile, the ASX 200 is set to slip ahead of Rio Tinto results, and Aussie miners are under pressure from weak Chinese growth.

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 another market milestone today with a record high that puts the market up 80% on the lows that we saw during the peak of the pandemic.  Laura and Stevie unpack the inflation data that is keeping hopes alive for a US rate cut, look at how local economic data fared amid expectations, and the performance of each of the sectors all of which are in the green with tech stocks performing the best.  They also look at the stocks that caught their eye and the economic data that could shift markets this week.

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.