CommSec Market Update

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.

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It’s another bad day for the market with the ASX closing down, with only 18 of the 200 shares gaining. 9 of the 11 sectors were also in the red with energy performing the worst after a decline in oil prices. The Bank of England increased rates more than many expected and lithium companies came out on top today. Coming up, international data coming out overnight and next week will be the last of the financial year!

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Technology stocks have driven Wall Street higher overnight as Federal Reserve Chair Jerome Powell wraps up his testimony. Meanwhile the Bank of England has announced a jumbo rate hike. Ryan looks into oil which has plunged on demand fears. Plus this mornings commodities and the AUD.

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Craig and Laura are back with the Thursday market closing update. The market closed significantly lower today along with all of the 11 sectors. If the market fell 0.02% more it would have ended with the worst day in three months. Investors are disappointed that stimulus measures haven’t yet been announced in China. At the same time the US Federal Reserve chair, Jerome Powell, warned that another two rate hikes could be applied in coming months. The Aussie dollar weakened to US67.6 cents.

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Tom and Ryan look to Wall Street this morning with a sell off as Fed Chair Powell hints at further hikes. Meanwhile stubborn U.K inflation turns the heat up on the Bank of England. And Ryan looks at commodities where oil rallies as grain markets tighten. 

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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Join Laura and Craig for the Wednesday evening market update. The ASX closed down today after 7 days of gains along with 10 of the 11 sectors.

Multiple airlines struggled today as well as Flight Centre, who declined following their investor day. Coming up, US Chair of the Federal Reserve, Jerome Powell, will be giving two speeches overnight. 

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 where shares are down as investors look towards two consecutive days of testimony from the head of the Federal Reserve Jerome Powell. Meanwhile minutes from the RBA board meeting show interest rate decision was finely balanced. Tom looks at what’s coming up today, plus this mornings commodities.

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 CommSec Chief Economist Craig James to give you update you on Tuesday’s market performance. The market closed up for a 7th straight session, gaining over 3% over the last five days. 10 of the 11 sectors finished in the green today, with the healthcare sector being the only to decline. Shares slightly declined for media group ARN after they bought a 14.8% stake in rival Southern Cross Media, who as a result were the top performer on the All Ords today. Lake resources were the worst performer for the 2nd straight day after their worst day in 2 years.

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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With Wall Street closed overnight, Tom and Ryan look at Europes response to global growth concerns. Plus the team look locally into the RBA minutes as well as Chinese interest rates which are in focus. 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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Craig joins Laura today as they unpack the Australian sharemarket which defied a negative lead from Wall Street to post firm gains on Monday. Meanwhile trading was generally quiet as investors looked ahead to key central bank events later in the week. Laura highlights a major sale in the gambling industry, plus the team look ahead at what to watch for 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.

 

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