CommSec Market Update

Despite starting strong, markets wilted towards the session's end, with the Dow Jones, the S&P 500, and the NASDAQ down. The ASX 200 is expected to follow suit with a 0.5% decline. Notable market movements include Walmart's historic day, Chubb's stock rise after Berkshire Hathaway's stake revelation, and John Deere's profit forecast trim affecting machinery sector stocks. Looking ahead, attention shifts to Chinese economic data, with indicators suggesting a pullout from a lull as the economy heads into the second quarter. 

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Craig joins us solo today on a day when the market is at record highs.  He unpacks the data overnight that catapulted local markets deep diving into interest rate cuts, higher than expected jobs figures, and what to watch in the day ahead.

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US indices soar to unprecedented heights on the heels of surprising CPI figures, signaling potential rate adjustments according to Tom and Ryan. With tech surges and retail eyes on Walmart, markets react to US economic data. European markets remain steady as commodities gain ground amid a dollar dip. Anticipation mounts for the Aussie market as the ASX 200 is poised for gains and the Aussie dollar hits a four-month high, closing strong

 

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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Aussie job figures and US inflation has investors watching closely today.  Craig and Steve look at how this upcoming data could impact the local market and of course deep dive into the outcome of the federal budget.  They discuss how the market reacted, what the outcomes could do to inflation, and the state of the Aussie market as a result.  They also look at the day ahead, discuss the stocks that saw the most attention today, and unpack the performance of each of the sectors.

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 Join Tom & Ryan as they dissect how markets shrugged off hotter-than-expected producer inflation numbers in the US, focusing instead on Jerome Powell's hints of a potential inflation decline. Attention will now turn to the CPI report tonight for further insights. European markets show mixed responses, influenced by discussions of rate cuts and corporate news. Locally, the focus is on the federal budget's impact, with anticipation around the wage price index indicating ongoing wage growth. Commodity markets experienced fluctuations, notably in oil, gold, and iron ore prices, influenced by various factors including supply concerns and defaults in China's property market.

 

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 quiet today as investors wait for the coming data influx later this week.  Craig and Steve chat through those upcoming market movers, in particular the federal budget and US inflation data.  They discuss some of the speculations, the stocks that caught their eyes today, and what to watch in the hours 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.

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US investors tread cautiously ahead of pivotal inflation figures, setting the tone for a mixed start in Australia where BHP faces rejection from Anglo-American for the second time. Hosts Tom and Ryan navigate through the day's market movements, from modest shifts in US indices to European markets' softness, unpacking corporate highlights including Apple's tech ambitions and Walgreens' strategic moves. The spotlight shines on the Australian budget forecast, revealing a clash between Treasury and Reserve Bank on inflation outlooks. 

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Last week was great for Aussie investors but this week has kicked off a touch more cautiously.  Craig and Steve discuss this breather and look at the meaningful market movers that are going to come through in the days ahead including the federal budget.  They discuss if rate cuts are still on the agenda, the two companies that most heavily weighed on the Aussie market, and what to expect in the day ahead.

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From Wall Street's cautious optimism to the European markets' record highs, Tom and Ryan cover it all, including intriguing tidbits like McDonald's $5 meal deal and China's economic indicators. With the Aussie shares poised for a dip and key inflation data looming, this week is set to have analysts on their toes!

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 managed to claw back some of yesterday’s losses today.  Laura and Stevie reflect on what overall has been a positive week – the best since late March and look at the performance of each of the sectors.  They discuss the big movers of the week, the data that has come out that has influenced these shifts, and look at what could be on the cards for the local market across the 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.