CommSec Market Update

Tom is joined by Ryan ahead of the long weekend to discuss how a moderating economy impacted US stocks overnight, the reaction by European investors as a “mild” recession is entered, and something to smile about for Carvana stockholders.  They pre-empt some important news from China, the bigger picture around Iron Ore, and discuss what could be ahead for today with the ASX 200 set to kick off with solid improvement.

 

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Stevie and Laura are back for your Thursday evening update. The market is down for a third straight session, along with 6 of the 11 sectors. Retailers, real estate and tech stocks were hit the hardest. Silverlake declined after flagging its mine in Canada will be out of action for longer following forest fires and Air New Zealand lifted after boosting earnings guidance

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Tom is joined by chief economist Craig (off the reserve bench) this morning following a lower finish for US stocks.  They discuss an unexpected rate hike from Bank of Canada taking that rate to a 22-year high and unpack the possibility of further rate hikes in Australia.  A US central bank rate hike could be imminent, inflation figures are discussed, and they look at what to expect in the day 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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Join Stevie and Laura for the market close update! The market was ever so slightly down today, along with 7 of the 11 sectors. This comes a day after the RBA’s 12th interest rate hike in just over a year. Surgical company Polynovo lifted most after announcing record sales in May. Retailer Adairs hit a 5 year low today and Viva Energy facing major losses following an accident.

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A handful of golf stocks are up following the merger of rivals LIV Golf and PGA. Meanwhile financials lead U.S share market gains. In Australia shares are expected to rebound ahead of GDP release. Plus 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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Stevie and Laura are back with your market closing update. The market closed in the red for the first time this month, along with 10 of the 11 sectors. The RBA announced another interest rate increase today, the 12th in the past year which lead to an anxious market. Sigma healthcare rose after winning a contract with Chemist Warehouse. Finally, Apple’s shares briefly hit a record high before finishing in the red.

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Tom and Ryan look to the U.S where stocks fade as signs of moderating economic growth wade on sentiment. In Australia shares are expected to fall ahead of today's RBA meeting. Plus this mornings commodities and AUD.

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It’s the start of another week, which means Laura and Stevie are back with the closing market update. The market has closed up for the third straight session, along with 9 of the 11 sectors. Energy company AGL shares were unchanged after being hit with a class action lawsuit and Apple will unveil its new products tonight which could impact its share price. Elders was up slightly after the CEO pushed back his retirement and BrainChip was the best performer today. 

 

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U.S markets surge off the back of strong May employment data. Meanwhile the U.S avoids a debt default with the debt ceiling resolved. And ASX energy stocks in focus today as OPEC cuts oil production.

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The market has closed in the green for a second straight day. 6 of the 11 sectors finished higher. The Fair Work Commission announced a 5.75% to minimum and award wages today which impacted the market in the morning. Paladin was among the top performers again today and once again, retailer Lovisa was amongst the worst performers.

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.