CommSec Market Update

Wall Street rebounded after mid-session volatility, buoyed by reports that President Trump has discussed replacing Fed Chair Jerome Powell. In corporate news, Johnson & Johnson shares surged after the company posted better-than-expected earnings, while bank stocks were mixed despite also reporting strong results. On the data front, producer inflation came in below market expectations, prompting a dip in interest rates as investors priced in a more dovish outlook. Back home, ASX 200 futures point to a positive open, with investors awaiting key employment figures due later this week.

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The Aussie market snapped its winning streak on Wednesday, falling 0.8% in its worst session in around 10 weeks. Stevie and Laura break down the drivers behind the decline, including weakness in heavyweight sectors like materials and financials, and look ahead to tomorrow’s local jobs data and what it could mean for interest rates. They also discuss signs of rising inflation in the US, strong performances from tech stocks like Nuix and Megaport, Rio Tinto’s new CEO appointment, and notable company moves including Evolution Mining and BHP.

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US and European markets closed lower as investors weighed fresh economic data and corporate earnings. Chipmakers like Nvidia posted gains after the US government lifted some sales restrictions to China, while bank stocks lagged due to disappointing results. Meanwhile, a stronger US dollar continued to pressure commodity prices. Back home, Aussie shares are expected to open lower on Wednesday, with investors turning their focus to key employment figures due tomorrow.

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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The Aussie sharemarket surged today, coming within just seven points of a record high. All sectors except mining finished in positive territory, with tech stocks and CSL helping lead the gains. Laura and Stevie unpack a raft of Chinese economic data, including GDP figures that slightly beat expectations, and preview a busy 24 hours ahead with key US inflation data and major bank earnings due. Plus, we look at a few notable movers from today's session - Lifestyle Communities, Paladin, Tyro, HUB24, and oOh!media.

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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US and European stocks wavered overnight as investors weighed the impact of new trade measures. A 30% tariff on Mexican and European imports sent shares of European carmakers lower across the board. Despite early losses, US markets recovered, buoyed by optimism ahead of upcoming earnings reports and key economic data. In company news, Warner Bros. shares gained ground as the debut of the newest Superman film came to the rescue. Elsewhere, bond markets held steady as investors await critical inflation figures later in the week. Back home, Aussie shares are set to open higher 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.

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It has been another directionless session for the Aussie market but the week ahead may offer some direction.  Laura and Stevie unpack the session which has remained mostly flat and reflect on 14 days of similar performance.  Trump’s tariff plans continue to contribute to investor unease, South32 has dragged on the commodity space, and international trade data out of China showed an increase in imports.  DroneShield continued to surge, The Reject Shop paid a dividend following the recently approved takeover, and Bitcoin hit a new record high.

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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US markets ended the week lower, retreating from record highs as investors braced for the latest tariff developments out of Washington. In some company news, Amazon shares rose following its record-breaking four-day Amazon Prime sales event and DoorDash also saw gains after upbeat commentary surrounding its partnership with Domino’s. Back home, Australian shares are expected to start the week on the back foot as investors await key employment 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.

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It has been a quiet day for the Aussie market, but some rare earth stocks have been standouts.  Stevie is solo to reflect on the session which has seen very little movement as the market danced around a record high.  Stevie discusses the week which may have led to this cautious sentiment with rates remaining on hold, and Trump continuing to make tariff headlines.  Only the mining sector saw gains locally today and so he unpacks the catalyst behind this, talks through the best and worst performers with HMC Capital losing ground, and he looks to the week 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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Wall Street rallied overnight, with the S&P 500 and Nasdaq hitting fresh record highs as investors shrugged off tariff concerns. Delta Airlines boosted sentiment with an upbeat outlook, while Nvidia CEO Jensen Huang is now on track to surpass Warren Buffett in personal wealth. In corporate news, Nutella maker Ferrero is reportedly planning a $3 billion USD acquisition of Kellogg’s. Across the Atlantic, the UK’s FTSE also hit record highs, driven by strength in mining stocks. In commodities, iron ore jumped to multi-month highs on hopes of fresh stimulus from China, while oil prices slipped amid speculation that OPEC+ may pause supply cuts. Back home, the ASX is on track to end the week by resetting its own record highs.

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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The market has reversed the losses of yesterday and is on track for the best day in more than two weeks.  Laura is solo to reflect on the session where the financial sector has performed well as have real estate stocks rebounding from the recent losses after th interest rate hold decision.  Lifestyle Communities continued to gain attention, as did Netwealth, and Trump’s potential 200% pharmaceutical tariff saw CSL lose ground.  NVIDIA hit milestones and Laura looks to 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.

See omnystudio.com/listener for privacy information.