CommSec Market Update

The Aussie market finished almost flat today, recovering from morning lows despite lingering rate hike fears. While the ASX 200 slipped for a second session, the real drama unfolded in the commodities space as gold shattered records, soaring to $5,500 per ounce. BHP continued its record run, hitting an all-time high, while Deep Yellow surged 12%. Conversely, rare earth miners like Ioneer and Lynas tumbled after reports the Trump administration may abandon price floors for critical minerals. Attention now turns to tonight's US earnings from Apple and Amazon.

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.

Wall Street wavered overnight, with the S&P 500 briefly topping the 7,000 mark before pulling back as investors looked ahead to the Fed decision and big tech earnings. Meanwhile, US Treasuries fell and equities struggled for direction after the Fed held rates steady. Elsewhere, European shares slipped, weighed down by weakness in luxury stocks. Commodities saw oil prices hover near four-month highs, while gold surged past US$5,300 for the first time. Locally, Aussie shares are expected to edge lower amid renewed rate hike jitters.

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.

The Aussie market’s winning streak snapped today as hotter-than-expected inflation data fueled fears of a February rate hike. With core inflation hitting 3.4%, markets are now pricing in a 70% chance of an RBA move next Tuesday, sparking a sell-off in Retail and Tech stocks. Despite the gloom, BHP hit a record all-time high, cementing its position as Australia's most valuable company, while the Aussie dollar cracked 70 US cents for the first time in nearly three years. Energy stocks also sparkled, led by a 3% lift for Woodside following a production beat. Attention now turns to the US Fed decision tonight and a massive slate of tech earnings including Meta and Microsoft.

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.

Wall Street pushed to fresh records, with the S&P 500 hitting new highs on solid corporate earnings as the US dollar slid to a four-year low. Upcoming results from the Magnificent Seven are expected to test the rally, while Medicare rate changes are weighing on health insurers. Meanwhile, US bond yields were mixed ahead of an expected pause in Fed rate cuts. In the commodities market, oil futures surged as winter storms disrupted US production. Back home, Aussie shares are expected to rise for a fourth straight session ahead of key inflation data, while the Aussie dollar climbed to a three-year high as the greenback rout deepened.

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.

The Aussie market surged to a three-month high, driven by a powerful mining rally and Wall Street momentum. BHP reclaimed its title as Australia’s most valuable company from CBA, hitting a two-year high as safe-haven demand pushed gold past $5,100 and silver to record peaks. 10 of 11 sectors lifted, however DroneShield tumbled 6% on pipeline concerns despite record revenues. All eyes now pivot to tomorrow's critical inflation data, with markets pricing a 60% chance of a February RBA rate hike. US tech earnings from Meta, Microsoft, and Apple add to a high-stakes week as the ASX targets 9,000 points.

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.

Wall Street extended gains, with the S&P 500 and Nasdaq rising for a fourth straight session ahead of mega-cap earnings and the upcoming Fed decision. Elsewhere, US bond yields edged lower as investors assessed demand, while European shares finished higher, led by bank stocks with earnings in focus. In commodities, oil prices dipped as traders weighed a US coal snap and the resumption of supply from Kazakhstan, while gold surged to a fresh record above $5,100 on heightened geopolitical demand. Back home, Aussie shares are expected to reopen higher on Tuesday, supported by soaring precious metals.

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.

The Aussie market capped a volatile week with a modest gain, as record-breaking gold prices and a tech surge offset weakness in the banking sector. Gold miners remained the standout story, with Evolution, Westgold, and Genesis hitting all-time highs as the precious metal tracked toward its strongest weekly gain since 2020. However, the day’s top performer was Life360, which skyrocketed 27% after hiking profit targets following record user growth. Guzman y Gomez also climbed 4% on an exclusive delivery deal with Uber. Looking ahead, a holiday-shortened week looms with the market closed Monday, followed by a high-stakes local inflation update and earnings from US giants Apple and Microsoft.

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.

Wall Street pushed toward record highs after tariff tensions eased and fresh data reinforced the resilience of the US economy. Meanwhile, US Treasury yields edged lower as solid employment and spending figures bolstered expectations that the Federal Reserve can stay on hold. Elsewhere, European shares rebounded after Donald Trump walked back tariff threats linked to Greenland. In commodities, oil slid 2% as Trump softened his stance on Greenland and Iran, while gold extended its record-setting rally, topping US$4,900 an ounce. Back home, Australian shares are expected to open flat ahead of the Australia Day long weekend.

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.

The ASX200 nudged up about 0.8 per cent after a choppy session, driven by US markets rallying on President Trump’s withdrawal of European tariff threats and a surprise boost in Australian employment. 65,200 jobs were added in December, lifting the market’s view of a February rate rise to roughly 60 per cent. Materials and tech led the losers, while energy, financials and miners showed gains. Looking ahead, the RBA’s Feb 3 meeting, US PCE inflation data and the Bank of Japan’s rate decision are set to shape market direction.

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.

Wall Street staged a cautious recovery after Donald Trump ruled out using force to acquire Greenland. In corporate news, Intel's shares jumped to their highest level since early 2022, while Netflix's shares fell on a tepid outlook. Meanwhile, US bond yields dipped after a recovery in Japanese government bonds. In commodities, oil prices edged higher as investors assessed a force majeure at a major Kazakh oilfield, while gold broke above US$4,800 an ounce. Back home, Aussie shares are expected to snap a three-day losing streak ahead of key jobs 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.

See omnystudio.com/listener for privacy information.