CommSec Market Update

US stocks ended last week on a flat note after significant movements due to inflation data, with the S&P 500 and Nasdaq posting modest gains while the Dow Jones dipped slightly. Apple surged to a record high, buoyed by its AI integration plans while in contrast, European markets struggled, especially in France, due to political instability. Meanwhile, Australian shares are expected to start the week lower, following a 1.7% decline last week, amid global market uncertainties.

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.

Laura and Stevie round off what was a challenging week for Aussie stocks.  We saw widespread losses and are on track for the worst week in two months.  The consumer discretionary and healthcare sectors performed well, while tech and mining sectors struggled.  Notable stock movements included Tapcorp, Boss Energy, Paladin Energy, and Deterra Royalties.

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 reached new highs as inflation fears eased, with the S&P 500 and Nasdaq showing modest gains despite a slight drop in the Dow Jones. Lower inflation, indicated by flat consumer prices and declining producer prices, provided relief. However, industrial shares lagged due to economic slowdown concerns. In Europe, political instability and auto sector worries led to market declines, particularly in France and Germany. Meanwhile, Australian shares are expected to dip slightly amid mixed global signals. 

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 is the first lift of the week for the Aussie market, though it has not fully rebounded from the last two challenging days. Join Laura and Stevie as they discuss the busy 24 hours that has been, including the latest US inflation rate report, the surprise from the US Federal Reserve's rate cut decision, the performance of companies such as ASX, Bubbs Australia, and A2 Milk and the latest strategic move from Qantas. Additionally, the introduction of Apple Intelligence has seen shares lift, overtaking Microsoft on the NASDAQ.

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 surged to record highs due to lower-than-expected inflation figures, leading to optimism in the market. The S&P 500 and the NASDAQ were up, while the Dow Jones lagged slightly. Inflation data showed minimal monthly increases, the slowest since August 2021, suggesting progress in controlling inflation. The Federal Reserve maintained interest rates but hinted at fewer rate cuts in 2024, causing mixed reactions in the market. European markets also saw gains, driven by improved US inflation data, although some local challenges persisted. Meanwhile, Australian shares are expected to rise ahead of crucial jobs data, reflecting global economic trends.

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 Laura and Stevie as they take a look at the markets nervous start to the week.  Two consecutive days of declines, ahead of two high risk events tonight.  Why did consumer confidence just hit its lowest level all year?  Judo Capital Holdings saw gains after the ASX quarterly rebalance placed it in the top 200.

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.

Aussie shares are predicted to decline ahead of key inflation data from the US and China, meanwhile a significant $39 billion US bond auction sparked speculation about potential Fed rate cuts. Tech stocks, particularly Apple, saw gains amid new AI features while in Europe, political uncertainties led to notable market declines, especially in banking stocks. Commodity prices, including metals and oil, experienced fluctuations due to mixed global economic indicators, impacting the Australian market outlook.

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 the best week of the year, last week, markets have taken a nose dive.  What is contributing to this decline?  Join Laura and Stevie as they unpack the Australian stock market's rough start to the week, with the ASX 200 down by close to 1.5%.  Gold Miners took the biggest hits with declines close to 5.5%, the worst session for Gold Miners as a group since late September, 2022.

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 investors remain cautious as they await critical inflation data and a Federal Reserve decision on interest rates, which are anticipated to remain unchanged this week. Last Friday’s stronger-than-expected US jobs report highlighted the resilience of the labor market, raising doubts about potential rate cuts in September. Major US stock indices saw modest gains, meanwhile political uncertainties in Europe following far-right successes in elections contributed to market declines. Australian shares are expected to follow this trend amid upcoming local business confidence surveys and fluctuating commodity prices, notably oil and iron ore.

 

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 Aussie market heads into the close on track to be the best week of the year.  Laura and Stevie unpack this third straight day of gains as we hover near record highs and look at the part that international interest rate cuts played in this shift higher.  Company news has been light today but energy stocks have seen some significant moves which they discuss, they look at the best and worst performers for the day and the week, and what could be expected to move markets as we head into the long weekend.

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.