CommSec Market Update

U.S stocks continue to retreat overnight as job figures point to more rate hikes. The ASX 200 is set to kick off in positive territory today having suffered its worst week of the year. Tom and Ryan look ahead to the economic news of the week. Plus they have this mornings commodities as well as the AUD. 

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The Aussie market tumbled by 1.7% today, following a negative lead from Wall Street after economic data pointed to more rate hikes than previously expected. Only 8 of 200 stocks on the ASX200 lifted today and unsurprisingly, all 11 sectors were down. Regis Resources was best after a record year of gold production and Paladin energy declined after announcing it wasn’t able to secure the sale of its Canadian joint venture.

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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Wall Street records sharps losses as labour market strength stokes rate hike fears. And Australian shares look set to end the week in a disappointing fashion as a result. The team look into the launch of Threads, a brand new twitter rival. Plus Ryan looks into todays oil prices and Tom has 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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Stevie and Laura are back for the Thursday market close update. It was another day of losses for the ASX 200, with tech being the only sector seeing minor gains. This was after concerns around the state of China’s recovery after questions around its ability to repay its property debt emerged today. BHP was the worst performer today and dragged the market after a rise in iron ore prices and fund manager Magellan fell 8% after recording $2b in outflows in June.

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The team look to the U.S this morning where markets have reopened after the Independence Day holiday. Meanwhile the Australian sharemarket is expected to have another poor session after a disappointing night on Wall Street. And Ryan looks at Meta’s new platform which will rival Twitter. 

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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Laura is back with Stevie once again for the CommSec Market Update, returning on a day where the ASX has taken a dip.  With US markets closed overnight they unpack the state of the market explaining how data out of China impacted numbers today.  They share which 9 sectors saw a fall today, look at some successes in small mining and energy stocks, and unpack what to expect in the coming 24 hours.

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With Wall Street closed for Independence Day Tom and Ryan look to the European markets this morning. Ryan unpacks the RBA’s decision to pause rate hikes. Tom explains how U.S petrol prices can affect the election, plus the team look at some key commodities this morning plus the AUD.

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Stevie is flying solo for tonights market close update. The market closed up for a third session along with 6 of the 11 sectors. This was after the highly anticipated interest rate announcement resulted in unchanged interest rates. There have been 12 rate hikes since May 2022 and encouraging signs of slowing inflation last week. Find out which stocks improved following the Aussie central bank’s decision, what might be next for interest rates and some key things to watch in the next 24 hours.

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Ryan digs into some housing data this morning and also looks at pay increases which are on the rise. Meanwhile it was a quiet session on Wall Street after an early close for Independence Day. Plus the team look at 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 new financial year is off to a good start with the first day of ending with a positive finish. 9 of the 11 sectors also finished in the green with tech and healthcare being the only ones in the red. Costa Group was the top performer today, just in front of United Malt Group, who were up today after agreeing to a takeover deal from a European company. Coming up, will we get another rate hike 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.

See omnystudio.com/listener for privacy information.