CommSec Market Update

Tom and Ryan are back for your Friday morning.  The big news overnight, the Europeans cut rates.  Although, it may be seen as a reluctant move.  Wall Street takes a breather ahead of key jobs numbers and Aussie shares expected to open higher to end the 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.

Laura and Stevie are back today to unpack what they are calling a ‘cracker of a session’. The market is set to snap two weeks of losses as international rate cuts lift the mood for investors - a move which could spark discussions around local interest rate cuts.  All sectors were higher today, they discuss the stocks that saw the most significant gains or losses and address the upcoming economic data that 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.

Join Tom and Ryan as they discuss new record highs on Wall Street.  Hewlett Packard has been a standout overnight with strong gains, while Nvidia continued its AI driven run.  Aussie shares are poised to rise, as the Bank of Canada bolsters hopes for global rate cuts.

And it's that time of the year where our performance reviews are being submitted so Tom and Ryan are asking you if you've enjoyed the podcast and if there's anyway they can improve? 

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 drop yesterday but today recouped those losses.  Laura and Stevie unpack how data that differed from what analysts were expecting played a part in this shift and how this data could impact the next RBA meeting.  Interest rates are back in discussion, each of the sectors are looked at as mining and technology stocks continue to take a hit, and they talk through the company news that moved markets 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.

Join Tom and Ryan as they discuss Wall Street's recovery on the back of softer employment figures, and the pressure on Aussie shares due to declining commodity prices. As the 5th of June unfolds, they delve into the implications of the Jolt Survey results, revealing the lowest level of US job openings in over three years, and what this means for the Federal Reserve's interest rate decisions. In Europe, markets faced downward trends with significant losses in energy stocks and commodities, while the local picture has the ASX 200 opening lower.

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 has taken a breath following a couple of days of impressive gains.  Laura and Stevie put mining and energy stocks under the microscope today as oil prices fell to their lowest in some time.  Iron ore also has taken a tumble while gold miners are on the increase.  They discuss the stocks that stood out today and look to the likely market movers in the day 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 analyse a challenging start to the new month on Wall Street, driven by a moderation in U.S. manufacturing and expectations for rate cuts by the Federal Reserve. The Dow Jones dipped by 0.5%, while the S&P 500 hovered just below the positive line, and the NASDAQ managed a modest gain of 0.3%. There was a fall in oil prices following a less-than-convincing promise from OPEC to adjust output over the next year. European markets showed mixed results, with a particular focus on the anticipation of an interest rate cut from the European Central Bank.

In the local market, shares are set to open lower due to slipping iron ore prices, which fell by over 6%. Plus, the first quarter current account figures and business inventories are expected, which will influence tomorrow's GDP data.

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 first trading day of the month started off with some solid improvements today.  Laura and Stevie unpack the international stocks that saw big moves across last month, and reflect on our local performance which has seen more timid growth.  They look at the performance of each of the sectors, why Lovisa shares took a tumble, the factors that impacted gold prices, and what to watch in the day 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 surged with the Dow Jones up 1.5%, its best session since last November, following benign inflation figures, while the S&P 500 rose 0.8% and the NASDAQ ended slightly negative. U.S. inflation data showed modest increases, easing concerns and prompting modest bond yield declines. European markets were buoyed by the positive U.S. inflation news, although European inflation figures presented mixed signals. Aussie shares are expected to start the week positively as Sydney home prices hit record highs. In commodities, OPEC extended production cuts, supporting crude prices, while gold and iron ore prices saw minor declines.

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 finished the month on a positive note, ending the most recent losing streak by being up around 0.9% today.  Some economic data out of China saw local markets dip momentary but this was quickly recovered.  Laura and Stevie reflect on the performance of the local market over the month, and discuss interest rates, economic data that we are expecting next week, and the stocks which performed above and beyond 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.