CommSec Market Update

Encouraging trade news and earnings numbers that have bettered expectations have resulted in new record highs for the US market overnight. Tom and Ryan reflect on the earnings and updates from Tesla, and the performance of Alphabet.  Lamb Weston was a top performer overnight, and GoPro and Krispy Kreme seem to be being fuelled by retail obsessed Reddit investors.  NVIDIA beat earnings expectations, European markets saw car makers gain ground, and the Aussie dollar has continued to rise.

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The Aussie market climbed around 0.75% on Wednesday, edging closer to another all-time high. Gains were broad-based, with banks rebounding and miners extending their rally to a fifth straight day. Materials are on track for their best week since September last year, while energy stocks rose on strong results from Woodside. Ampol and Iluka also impressed, while Paladin sank 11% on ambitious guidance. Globally, optimism around US trade deals boosted sentiment, and attention now turns to earnings from Alphabet and Tesla, along with local updates from Fortescue, Karoon, and Lynas.

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Tech names underperformed last night but there was ultimately little change across the broader market.  Tariffs continued to gain attention with the US and Philippines coming to a tariff agreement and General Motors seeing a hefty decline, and earnings data has investors on tenterhooks with Alphabet and Tesla set to be examined closely.  Lockheed Martin made headlines following their earnings data, as did D.R. Horton, and Kohl’s more than doubled their share price.

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The market has tread water today with the banking and mining sector heading in opposite directions.  Laura and Stevie reflect on a session which started in the green, but quickly faded as the day went on.  They discuss the part that trade deals may be playing in the consistent market performance, and how upcoming profit reporting could move markets.  Insignia Financial caught attention with a healthy boost to their shares, Fletcher Building has been under pressure, and they look to the day ahead with US earnings continuing.

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Wall Street briefly touched new record highs overnight, but those gains faded by the close as investor sentiment shifted on renewed trade uncertainty. Communication stocks led early momentum, boosted by better-than-expected earnings, with Alphabet climbing nearly 3% ahead of its results. However, energy stocks dragged on the broader market, plunging as oil prices declined. In contrast, iron ore prices hit five-month highs following news of a major megadam project in China. Back home, the Aussie share market is set for a flat open as investors await the release of the RBA meeting minutes.

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The Aussie sharemarket kicked off the week on the back foot, with a sharp decline wiping out much of Friday’s record-setting rally. Financials were the biggest drag, particularly the big four banks, while energy and materials helped cushion the fall. Block, Inc. surged over 11% after news of its addition to the S&P 500, and AMP shares rallied following positive superannuation inflows. Liontown overtook Block as the day’s top performer, riding the lithium price wave, while Insignia Financial slipped amid takeover fatigue. Investors now turn their attention to a busy week of quarterly updates from US and Aussie heavyweights, RBA minutes, and central bank moves in Europe and the US.

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U.S. stocks closed the week on a mixed note as investors weighed the next steps on trade tariffs. In company news, 3M slumped on concerns about the impact of tariffs, Charles Schwab slipped despite reporting higher earnings, and Netflix fell 5% as investors looked past its strong results. Across Europe, talk of higher tariffs weighed on sentiment and dragged stock prices lower. Back home, futures point to a weaker open for the ASX 200, with market attention turning to upcoming updates from AMP and South32.

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The Aussie market has done it again!  Laura and Stevie excitedly join us today for an update that saw the Aussie market continue to push higher following the record already set yesterday.  They speak through the session which marks the best in around three months with all 11 sectors in positive territory, healthcare, materials, and financials saw the largest gains, and Mesoblast was the best performer with a 35% increase.  Yancoal lost ground following disappointing sales numbers, and Laura and Stevie look to the days ahead with a number of earnings results ahead.

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Wall Street surged to new record highs overnight, buoyed by strong earnings results and upbeat economic data. Better-than-expected retail sales figures lifted investor sentiment, while financial stocks led gains on the back of improved earnings. The world’s largest chipmaker, TSMC, also rose after posting stronger-than-forecast results, adding further momentum to the rally. Meanwhile, European markets recovered from the previous session’s losses, mirroring the positive tone in the U.S., and oil prices edged higher, clawing back ground lost earlier in the week. Back home, the ASX 200 is poised for another day of gains.

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The market has set a new record high today with a boost that recovered the losses of yesterday.  Laura and Stevie monitor this record move in real time, discuss the session, and the upcoming days with a number of companies set to release earnings results including Netflix.  Locally all eleven sectors saw improvements today with financials and interest rate sensitive areas seeing gains, and they unpack how unexpected jobs data could impact markets and future interest rate decisions. 

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