CommSec Market Update

The ASX200 slipped around half a percent despite briefly touching a third straight all-time high at the open, with more winners than losers overall but some heavyweight profit results dragging the index lower. Miners and healthcare stocks helped offset losses in financials and utilities, while standout movers included Tyro Payments after takeover interest, Evolution Mining on strong gold prices, and IAG on a big profit lift. On the downside, CBA tumbled after results, AGL swung to a loss, and Beach Energy fell on a broker downgrade. Investors are now watching tomorrow’s July jobs data for clues on the next RBA move.

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 surged to new record highs as investors celebrated subdued goods inflation, with two-year US Treasury yields falling after the release of the consumer price data. Meanwhile, Airline stocks jumped as airfares lifted, while in commodities, oil prices dipped ahead of inventory reports. Back home, Aussie shares are expected to extend gains from all-time highs, and the Aussie dollar has strengthened despite yesterday's rate cut from the RBA. Today, earnings reports from CBA, AGL Energy and Treasury Wine Estates will be in focus.

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.

It has been an interesting day for the Aussie market as the session got off to a timid start.  Steve joins us to reflect on the performance which picked up following the RBA decision to cut rates and sending the market to hit a new record high.  He discusses the RBA decision and what could be expected around further rate cuts, the big winners with Life360 and JB Hi-fi gaining attention, and he looks to the day ahead with US inflation data set to precede the opening of US markets, and more earnings data from stocks including CBA and Computershare.

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 gave up early gains as investors turned cautious ahead of key U.S. inflation data. Micron shares surged on a profit upgrade, while Hershey plunged as cocoa prices climbed. Nvidia shares were in focus after President Trump signaled he was open to the company selling scaled-back Blackwell chips to China. Trump also extended the China tariff truce for 90 days and urged them to quadruple their U.S. soybean purchases, sending soybean prices higher. Elsewhere, gold slipped after Trump said imports wouldn’t be tariffed. Back home, Aussie shares are expected to edge lower from record highs on Tuesday ahead of the RBA’s interest rate decision. Local earnings remain in focus with market favourite Life360 set to report.

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 kicked off the week on a positive note, with the ASX200 touching another record high before settling about a third of a percent higher, supported by strength in miners and major banks. Lithium stocks surged after reports the world’s biggest EV battery maker may pause operations, while IDP Education jumped on broker upgrades and policy changes for foreign students. JB Hi-Fi slipped despite strong results amid a leadership change. Investors now look ahead to a busy week featuring the RBA’s expected third rate cut of the year, key local jobs and wages data, US inflation figures, and results from major names including CBA, Cochlear, IAG, and Telstra.

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 shook off growth and trade concerns to close at new record highs, with the tech sector leading gains. The S&P 500 notched its 18th record close of the year, finishing the week up 2.4%, as growing calls for interest rate cuts continued to drive stocks higher. In commodities, oil prices remained in focus ahead of a highly anticipated meeting between U.S. President Donald Trump and Russian President Vladimir Putin. Back home, Aussie shares are poised to edge higher on Monday as the local earnings season gathers pace, with results due from CarSales and JB Hi-Fi. Local investors are also turning their attention to the RBA, which is widely expected to deliver a rate cut on Tuesday.

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 market has slipped slightly today marking two days of declines but still remains up overall across the month.  Steve is solo today to reflect on a week which has seen more record highs, and to discuss the tariff rollout and how that alongside sluggish economic data has impacted markets.  Mining stocks have seen some gains today minimising the losses on the ASX, Iress and Nick Scali caught attention today, and Steve unpacks what could move markets in the days ahead including the upcoming Reserve Bank meeting and US inflation 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.

Wall Street closed lower as rising rates and weak bond demand pressured markets. Treasury yields rose after soft bond auction results, dragging equities down. Healthcare stocks declined, with Eli Lilly falling on disappointing weight-loss drug data. Tech also struggled, with Fortinet plunging over 20% after a weak refresh cycle. Meanwhile, Trump announced tariffs on imported chips and urged Intel’s CEO to resign, unsettling the semiconductor space. In commodities, oil fell on news of a planned Trump-Putin meeting, easing geopolitical tensions. Elsewhere, the Bank of England cut rates to 4% in response to cooling inflation. Back home, Aussie shares are tracking lower for the week, though QBE is expected to report higher profits despite yield headwinds.

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.

Following the record-breaking session yesterday, the market seems to have taken a breather today.  Laura and Stevie reflect on the session, and tariffs continue to make headlines as a number of them come into play today.  The sectors saw mixed performance locally with financials being dragged by the ASX amid recent criticism, Newscorp gained attention following their earnings data, and they look to the day ahead with US earnings season continuing.

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 rebounded overnight as investors digested a wave of corporate earnings. Apple helped lift the Nasdaq, boosted by optimism around increased investment in domestic manufacturing. McDonald’s shares rose after the fast food giant returned to sales growth, thanks to popular budget meal deals. Yet not all earnings impressed. AMD slipped as China concerns overshadowed its upbeat AI outlook while Walt Disney also dropped, forecasting lower earnings ahead. Match Group announced a $50 million investment, citing a rosy outlook for the online dating market. In commodities, oil prices slid to an eight-week low on continued uncertainty around US-Russia relations. Back home, the ASX is expected to ease from record highs, as falling commodity prices weigh on local shares.

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.