CommSec Market Update

The winning streak is over with the Aussie sharemarket following the US lead, ending lower on Friday. The ASX/S&P 200 index fell by 52.3 points or 0.7% with the All Ordinaries index down 56.5% or 0.7%. The ASX 200 index rallied by around 45 points in the last 90 minutes of trade but couldn’t claw back the morning losses. Only two sectors ended higher with Utilities up 0.1%. But Property trusts lost 2% and Materials fell 1.2%. All sectors rose over the week with Energy up 3.4%.

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Mixed results from the U.S overnight as the Dow Jones snaps its longest winning streak since 1987. Ryan looks into strong performance from fast food giant McDonalds. Tom discusses European rate hikes. Ryan previews consumer spending figures back here in Australia. Plus the team have this mornings AUD.

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Chief economist Craig James is back once again for tonight’s market close update. Aussie shares continue to move towards record highs on Thursday  Both the All Ordinaries and ASX 200 indexes rose near 55 points or 0.7%. Nine of 11 sectors rose. The materials sector saw declines today after numerous days of gains and real estate came out on top. US interest rates hit an all time high

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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Tom and Ryan unpack the rise in U.S interest rates to 5.5%, which is the highest in 22 years, and what this meant for the market. Meanwhile the ASX is expected to open flat today following yesterdays inflation data. Ryan looks into a Wells Fargo stock buyback and Tom gives an update on Rio Tinto’s results. Plus this mornings commodities and the AUD.

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The market closed in the green today, hitting a 5 month high. 8 of the 11 sectors finished up with materials on top once again and real estate on the bottom.

Inflation data decreased to 6% today, which was lower than expected and will there be an interest rate increase in the US?

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The Dow Jones has performed well again hitting its best winning streak in 6 years. Meanwhile Wall Street has climbed on big tech enthusiasm. Ryan looks into Aussie shares which are expected to open higher today ahead of crucial inflation data. Plus the team look at this mornings commodities and the AUD. 

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The market was back up after 2 days of losses, gaining almost half a percent. Despite the gains, only 4 of the 11 sectors ended in the green today, with materials coming out on top. Dominos was back in the spotlight again after being the worst performer today. Looking ahead, inflation data tomorrow and big tech profits out in the US tonight.

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Tom and Ryan look into strong Dow Jones performance ahead of a week of earnings and economic data. They highlight AMC shares which have climbed off the back of the Barbenheimer phenomenon. Plus they dissect lithium production results and bring you this mornings commodities and the AUD.

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It’s a new week and the market has closed down by 0.10%. 7 of the 11 sectors ended higher despite the losses, with energy coming out on top and materials on the bottom. Telix Pharmaceuticals was a top performer today after a rocky week last week and Core Lithium had their worst day in over a year. It’s going to be a big week ahead with US interest rates and inflation data out locally!

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Craig joins Ryan today as they reflect on another milestone for the Dow Jones. Ryan looks into developments in Ukraine which could impact key commodity prices. Plus they look ahead to a big week of central bank action and Aussie inflation 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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