CommSec Market Update

The market finished off the week with some hefty declines. Almost all sectors declined today, with energy being the only one to lift due to higher oil prices. Event Hospitality were up after announcing expectations for record quarter profits and Liontown was back online after Albermarle walked away from their takeover offer.

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Wall Street falls as investors weigh Jerome Powell’s remarks. Meanwhile Netflix shares are up on strong subscriber growth. Tesla shares sink after a disappointing result. Plus this mornings commodities and the AUD. 

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The Australian sharemarket has followed the negative lead from the US and Europe and finishing below 7000 on Thursday. Declines were consistent across the 11 sectors. Qantas was down after ending their proposed takeover of a smaller rival airline and jobs data fell short of expectations. 

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Global stocks have retreated as long term interest rates push higher. Meanwhile the Middle East conflict has increased demand for safe havens. Employment figures loom today as the RBA keeps the door open for rate hikes. Plus this mornings commodities and the AUD. 

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The market finished higher today but only 5 sectors managed to lift. The energy sector was a standout and utilities faced the biggest losses. Strong data out of China lifted the market and there was a lot of company news today including some from our biggest stocks. Tomorrow, all eyes will be on the jobs data.

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Wall Street slips on higher bond yields as U.S retail sales jump. Nvidia drops as U.S restricts chips for China. Ryan previews Chinese economic data. Plus commodities and the AUD.

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Laura is back with Stevie today to unpack how the market has performed.  A lift kicked things off but minutes from the RBA slowed the rate of that lift as the day progressed.  They look at how the sectors performed and discuss what to expect in the days ahead.

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To the U.S first this morning where Wall Street gained on earnings optimism. Meanwhile U.S bond yields rose amid increased treasury supply. And Apple shares are down on the back of weak Chinese demand. Plus this mornings commodities and AUD. 

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Craig joins Steve today to look at the market.  The energy and materials sectors were the only two to see lifts today with 9 of the 10 best performers being in the gold sector as conflicts in the Middle East impact prices of the commodity.  They discuss what to expect with the Aussie jobs report on Thursday, discuss a slight fall in the Aussie market, and if we are likely to see an interest rate increase come Melbourne Cup Day.

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U.S stocks end lower as banks kick off quarterly earnings. Oil prices surge as investors reframe Middle East conflict. Aussie shares seen lower at the start of Mondays session. Plus this mornings commodities and the AUD.

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