CommSec Market Update

It’s new financial years eve and the market celebrated by finishing in the green, along with 8 of the 11 sectors. The market ended in positive territory for the week, the month, the quarter and the financial year. Downer EDI was the best performer after winning a $4.6b contract with the QLD government. Imugene rose after making progress in its cancer treatment study. Ahead, the Reserve Bank will hand down its interest rate decision on Tuesday at 2:30pm. Laura and Stevie also discuss the highlights of this financial year.

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Tom and Ryan look to the U.S first where investors have held their nerve overnight as the head of the Federal Reserve hints at more rate hikes. The team dig into some strong retail data at the end of the financial year. Ryan looks into important China data coming today. Plus Tom covers this mornings commodities.

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The one and only Steve Daghlian has returned just in time for this week’s Thursday closing update. The market finished ever so slightly down today, along with 7 of the 11 sectors. Bega cheese was down for a seventh day and purchasing managers data out from China tomorrow. Join us again tomorrow for the end of the financial year!

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Tom and Ryan look at U.S stocks which have consolidated overnight as central bankers continue to talk up interest rates. Tom looks into potential U.S export restrictions on microchips and how this may affect tech markets. Ryan previews today’s all important retail sales figures. Plus this mornings commodities and AUD.

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The market is making back some of last weeks losses after two straight days of gains. The monthly report on consumer prices showed the annual inflation rate falling from 6.8% to 5.6% in May, well short of economist forecasts centred on 6.1%. Almost all sectors finished up except for Utilities. Harvey Norman rose on new profit guidance and Ramsay Healthcare rose after it said it was exploring the sale of a joint venture business.

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 look to the U.S first this morning where investors have piled back into tech shares on Wall Street overnight. Meanwhile European shares have inched up on a China boost but rate hike fears limit gains. And the team assess inflation data released today. Plus this mornings 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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Laura is joined by Craig for your Tuesday market close update. The market broke its four day losing streak today, gaining 0.56%. 6 of the 11 sectors also finished up, with Real Estate coming out on top. The company behind KFC was on top today and Bega was down despite the sale of their Port Melbourne factory. Coming up later this week we have inflation data for May. 

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 take closer look at the market implications of geopolitical tensions in Russia. Meanwhile global stocks have eased with concerns over growth. Ryan takes a look into movements in the electric vehicle space. And Tom has this mornings AUD.

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The last week of this financial year is here and it has started with the ASX200 dropping for a fourth straight session. Only 2 of the 11 sectors managed to lift. Whiskey producer Lark Distilleries saw their share price drop and Silk Laser was up after agreeing to Wesfarmers purchase offer. Gold was a bright spot after developments in Russia over the weekend which strengthened commodity prices. Looking ahead, inflation and central banks will be in focus this week.

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Tom and Ryan look at U.S and European stocks this morning which have faltered at the prospect of lower growth and higher interest rates. They highlight the manufacturing sector which is continuing to decline globally. Ryan looks at the financial impact of the failed military coup in Russia. Plus the team look to the week 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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