CommSec Market Update

The Aussie market slipped for a third day as escalating US-Europe trade tensions sparked global jitters. While a heavy Wall Street sell-off pressured Financials and Tech, the ASX 200 showed resilience as Materials and Energy sectors rallied. Gold and silver hit fresh record peaks, fueling surges in Northern Star, Evolution, and Westgold, while Paladin Energy jumped 13% on a strong quarterly update. However the banks dragged the index lower, led by a 2.2% fall in CBA. A major highlight was Australian Strategic Materials, which skyrocketed 118% following a US takeover bid. Looking ahead, local jobs data, a wave of quarterly reports from Fortescue and Santos, and Trump’s appearance at Davos all shape the next 24 hours.

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Wall Street slid to a three-week low as the Greenland dispute sparked a global sell-off, with the 'Sell America' trade erasing the S&P 500’s 2026 gains. Long-dated US bonds fell on fresh tariff threats from Donald Trump, while Japanese markets also sold off. Across Europe, shares ended lower after Trump flagged tariffs on French wine and champagne. In commodities, gold surged to a record above US$4,700 an ounce and back home, Aussie shares are expected to fall on Wednesday as renewed rate-hike jitters spook investors.

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The Aussie market slipped for a second day as global investors braced for a volatile US reopening following President Trump’s latest tariff threats regarding Greenland. Materials and Financials led the declines, with BHP weighed down by rising project costs despite record production, and ARB tumbling 12% on a profit downgrade. In contrast, Utilities found support through Origin Energy, which delayed its Eraring plant closure to bolster supply stability, while Hub24 and Telix Pharmaceuticals gained on positive corporate news. Precious metals remained a standout as gold and silver hit fresh record highs amid ongoing geopolitical tensions. Looking ahead, the return of US trade, Netflix earnings, and a wave of local quarterly reports from Northern Star and Evolution all shape the next 24 hours.

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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European stocks posted their biggest drop in two months after US President Donald Trump threatened additional tariffs over Greenland, rattling risk sentiment. With Wall Street closed for the Martin Luther King Jr. holiday, attention turned to commodities, where gold and silver surged to record highs on safe-haven demand tied to the Greenland dispute, while iron ore slid to a two-week low amid renewed concerns over China’s property sector. Back home, Aussie shares are expected to open lower on Tuesday, with BHP’s results in focus.

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The ASX200 fell about 0.3% to close 29 points lower after a five day rally, hit by mixed Chinese data that met growth targets but showed weakening retail and property trends. Materials and energy stocks lifted modestly, while banks and tech fell. Upcoming events include US MLK holiday, European futures, Australian jobs data and key earnings releases.

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Global markets are on edge after Donald Trump vowed fresh tariffs tied to Greenland, with Wall Street ending little changed on Friday ahead of the long US holiday weekend. Across the Atlantic, European shares closed subdued, weighed down by weakness in luxury stocks. In commodities, oil prices settled higher as the US entered the holiday period, while gold slid more than 1% on profit-taking. Back home, Australian shares are expected to open flat on Monday.

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The ASX200 rose about half a percent to just above 8,900, its best week in four months, driven by financials and consumer discretionary while tech and utilities slipped. Energy fell after oil prices dropped on eased US-Iran tension. Top gainers were Catalyst Metals and DroneShield. Look out for Aussie jobs, RBA meeting and US inflation data next week.

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Wall Street rebounded overnight as TSMC ignited a rally in chipmakers, lifting tech heavyweights while small caps continued to outperform. Goldman Sachs traders also notched a record-breaking performance. In Europe, shares climbed to fresh record highs, led by gains in technology and financial stocks. In commodities, oil slid 4% after comments from Donald Trump eased concerns over Iranian supply, while gold edged lower as stronger US jobs data boosted the US dollar. Back home, Aussie shares are expected to open flat after four consecutive sessions of gains.

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The ASX200 logged a fourth consecutive day of gains, up about 1.5% this week and 1.6% month‑to‑date, while the materials sector led with an 8% YTD rise and a 1% daily boost. Tech slipped 2.2% and Aussie Broadband fell 4.5%. BHP rallied 8% as its gap with CBA closed, and lithium miners surged, highlighted by Liontown’s 42% YTD jump. Looking ahead, US earnings, job‑less‑claims data, manufacturing figures and dividend‑paying ETFs will shape market sentiment.

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Wall Street slipped as mixed results from big banks weighed on sentiment, while tech stocks retreated on renewed concerns over Nvidia’s chip outlook. Travel stocks also came under pressure as the US flagged plans to cancel certain holiday visas. In Europe, shares closed at record highs on Wednesday. In commodities, oil climbed on Iranian supply concerns, while copper, gold and silver surged to all-time highs. Back home, Aussie shares are expected to edge higher on Thursday, supported by strength in the mining sector.

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.