CommSec Market Update

The market ended the week up after two days of declines. The sectors were mixed with 7 of the 11 sectors closing up, tech came out on top while health care declined the most. Clothing retailer City Chic was up after news that they would exit the EU market and Afterpay owner Block was down after handing down quarterly results.

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Tom and Ryan look to U.S shares which have eased overnight ahead of key results from Apple and Amazon. Meanwhile Aussie shares are expected to open modestly higher today. Oil prices rise as Russia and Saudi Arabia keeps supplies tight. And the Bank of England lists interest rates. Plus the team have this mornings commodities and AUD.

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 closed down for a second straight session with 10 of the 11 sectors seeing losses. Telecom was the only sector gaining today thanks to Telstra and engineering company Downer was down. Coming up, some big names in the US market reporting profits. 

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Tom and Ryan look at the downgrade of the U.S Government credit rating and what this means for the markets today. Meanwhile Aussie shares are expected to open lower ahead of trade and retail spending data. Tom looks at the performance of some insurance stocks and Ryan previews the Bank of England’s interest rate decision. Plus the team have the commodities and the AUD. 

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 was down today, finishing up with the worst day in a month. All 11 sectors were down today after all of them seeing gains yesterday. Travel company Helloworld was among the top performers today and EVT limited who own Thredbo, and various hotels and cinemas were down following a downgrade in expectations. 

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Tom and Ryan look at U.S stocks which are treading water as investors await a flood of economic and corporate news. They discuss yesterdays RBA decision. And Ryan looks into a sharp fall in European markets focusing on under pressure German Automakers. Plus this mornings commodities and the AUD.

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August is off to a great start with the market ending higher and interest rates on hold for a second meeting. All 11 sectors finished in the green with tech coming out on top. Bedding company Adairs was up after a logistical update and telco TPG was up after receiving a takeover offer.

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Tom and Ryan start local today where the ASX is expected to start positive. Meanwhile they look at U.S performance for July which adds to 5 straight months of gains. The team preview today's RBA rate decision and Ryan marks the start of Australia’s corporate reporting season. Plus the team have this mornings commodities and the AUD.

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It’s the first day of the week and the last day of the month, which means we’re looking back at July and looking ahead to August. The question on everyone’s lips, will we get a rate hike tomorrow? It was a volatile end to the month, but the key index recovered in the final two hours of trade to end higher by around 7 points or 0.1%. Eight of 11 sectors were higher with Healthcare up 0.6%. For the month the ASX200 rose 2.9% with Energy leading the way, up 8.8%. 

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Wall Street has pushed higher off the back of better than expected inflation figures. Meanwhile Aussie shares are expected to begin the week on the front foot as Tom and Ryan look forward to a key decision on interest rates tomorrow. Plus the team discuss the importance of todays Chinese manufacturing figures and Tom has the commodities and AUD. 

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