CommSec Market Update

US stocks ended lower due to investor caution ahead of key inflation data, with declines in the Dow, S&P 500, and Nasdaq. Bond yields saw modest drops, and US GDP growth for Q1 was revised down. Salesforce suffered its worst decline in nearly 20 years, while other tech stocks also fell. Oil prices dropped due to larger-than-expected stockpile declines, and gold prices inched up. The ASX 200 is expected to rebound after recent losses, supported by a stronger Aussie dollar.

 

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The market inches closer to a four-week low today.  Laura and Stevie discuss the factors likely to impact how we round out the month, and the part that interest rate discussions, upcoming economic data, and market sentiment are likely to play in the coming days.  They look at how each of the sectors performed today and discuss the stocks that caught their eye.

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Tom and Ryan dissect a turbulent day on Wall Street and its ripple effects on the Aussie market after yesterday's poor performance. Sticky inflation is in the spotlight, plus BHP’s decision to withdraw its $75 billion bid for Anglo-American, exploring the implications for the mining sector and what it means for global 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.

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Steve and Laura delve into a tough day for the Australian market as investors grapple with unexpected inflation data. The ASX200 plunged 1.3%, marking its worst performance in months. They analyse the factors behind this decline, focusing on the surprise jump in April's inflation rate to 3.6%, which has fuelled concerns over prolonged high interest rates.  There were broad market losses across all 11 sectors, with significant hits to consumer staples, discretionary, industrials, and financial stocks.

 

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 markets didn’t return refreshed from their long weekend.  Tom and Ryan discuss this sluggish performance, the lift in treasury yields, and the part that discussions around interest rate ‘hikes’ played in pushing interest rates higher.  They look at the economic data set to influence local markets today, and the current standing for 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.

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The market has remained cautious today.  This could partly be down to closed international markets but is also likely the result of upcoming inflation data.  Laura and Stevie discuss this sentiment, and how tomorrow’s data could move markets.  They look at the market moving stocks from today and what to expect as the markets that have remained closed internationally reopen.

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Despite muted trading in the US overnight by virtue of a public holiday, US futures were up slightly. Plus, Ryan and Tom break down a key change in the US stock settlement process, moving from a two-day to a one-day settlement cycle, aimed at reducing risk and increasing market liquidity. European markets rose, buoyed by positive business sentiment and expectations of future interest rate cuts from the European Central Bank. In Australia, the ASX200 is set to rise, supported by commodity price movements and April retail sales 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.

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While the market ended down last week it is today back on the incline.  Laura and Stevie reflect on what has been a positive last few months for the market, and talk through the stocks that aided the rebound today.  They look at the upcoming economic data to expect as the US and UK market are set to remain closed, and what to expect locally tomorrow.

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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Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets. US markets ended on record highs last week helped by the outlook for inflation. With a public holiday for the US on Monday, the main focus this week is on inflation, with expectations for a small rise in the personal consumption expenditures price index. European markets reflect on higher inflation numbers in the UK and uncertainty over interest rate cuts. Australian shares end down, but the market seems more focused on the moderation in different parts of the economy rather than the challenging inflation outlook. Commodity prices are mixed, with oil and iron ore prices under pressure. Lend Lease plans to sell $4 billion worth of international assets and end its overseas construction divisions.

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It was another rough session for the Aussie market as interest rate concerns remain on the radar.  Laura and Crag reflect on the week, and the impact that US economic data had on the Aussie market today.  They discuss the stocks that caught their interest today and what the weekend could bring to the table.

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.