CommSec Market Update

Wall Street climbed to fresh record highs, with the S&P 500 and NASDAQ lifted by renewed trade optimism. Nike shares surged on signs of progress in US–Vietnam trade talks, while Tesla shares rose despite a 14% drop in vehicle deliveries. Meanwhile, energy stocks gained ground as oil prices rebounded, and miners found support from encouraging Chinese economic data. In contrast, UK markets experienced a sharp sell-off reminiscent of 2022, driven by renewed concerns over the country's fiscal outlook. Back home, Aussie shares are expected to ease from record highs on Thursday.

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It is the best day of the week for the Aussie market as the ASX is on the cusp of cracking a fresh record high following 5 days of very little movement.  Stevie unpacks the session which has seen some enthusiasm returning to markets, discusses the US tax bill which made it through the senate overnight, and looks at the local sectors with gains almost across the board.  Oil prices pushed energy stocks higher, investment managers were among the best performers today, and Dominos was among the worst.

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 consolidated overnight as investors weighed the potential impact of the so-called 'big beautiful bill' on the U.S. deficit. Economic data added pressure, pushing interest rate expectations higher. Big tech stocks came under pressure, with Nvidia down 3%, as investors rotated into small caps. Meanwhile, Tesla shares slumped as markets braced for a sharp decline in upcoming sales figures, while Macau’s gambling revenue surged 19% year-on-year. Despite recent gains, the U.S. dollar remains near a three-year low, reflecting ongoing uncertainty around fiscal policy. Back home, Aussie shares are poised to open with modest gains on Wednesday.

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 decent start to the new financial year for the Aussie market with the ASX managing gains through the session which ultimately relaxed as the day went on. Steve reflects on the financial year to deep dive on the best and worst performers across the 12-month window, unpacks how the sectors performed with materials, industrials, healthcare and the telcos seeing declines, and he calls out the standout stocks including Insignia Financial and MesoBlast.

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 wrapped up the month, quarter, and financial year at record highs, posting double-digit gains over the past 12 months, fueled by progress on trade and growing expectations of lower interest rates. Financial stocks led the charge as major lenders passed the Federal Reserve’s stress tests, while Meta shares hit an all-time high amid an AI hiring blitz. However, energy stocks lagged as oil prices eased. In Europe, markets finished the month lower, weighed down by trade developments. Closer to home, the Australian share market closed out its best quarter since 2021, and home prices jumped in June to fresh 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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It was a solid end to the financial year for Aussie stocks but the record high was again just out of reach.  Steve reflects on what was a ‘choppy’ session and reflects on the past financial year.  Some declines across the resource space stopped the market from reaching that record high today and Steve discusses this, the performance of international markets with the US seeing improvements, and data out of China being seen as a positive.  Mining and energy underperformed today, and a number of ex dividend stocks could impact market performance as the week continues.

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Encouraging signs of easing inflation have lifted rate cut hopes and sent US markets to fresh record highs. Investors were further buoyed by comments from the US Treasury Secretary highlighting progress on rare earth mineral agreements. Meanwhile, a tentative ceasefire in the Middle East has kept gold prices subdued, while oil stabilised after recent sharp declines. Closer to home, the ASX 200 is expected to open flat on Monday as investors await key economic data out of China.

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The market has not managed to crack the record high today with the session starting strong but ultimately dropping slightly as the day went on.  Steve is solo today to unpack the session and to reflect on a week that has been dominated by international news.  Materials gained ground today with Pilbara Minerals being one of the big winners, property stocks took a hit, and Steve looks to the week ahead.

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Hopes for lower interest rates pushed US stocks to record highs overnight, with falling yields providing a particular boost to technology shares. Economic data added to the dovish outlook, as first-quarter GDP was revised lower on soft consumer spending, while durable goods orders unexpectedly soared in May. The US dollar fell to a three-year low against the euro and sterling, and bond markets rallied as investors ramped up bets on potential rate cuts. Elsewhere, Nike shares rose ahead of its earnings release, while copper climbed to a three-month high on improved global demand. Closer to home, Aussie shares are expected to open on the front foot as real estate stocks trade ex-dividend.

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It has been another quiet day for the ASX today with this being the second day where the market has paused for breath with investors likely monitoring the current ceasefire.  Steve is solo today to discuss tweaks and modernisation to the ASX system bringing it more in line with international markets, to unpack how the sectors performed with energy and mining seeing minor gains, and tech being the biggest loser with Xero seeing losses.  Virgin reversed some of the recent gains, while DroneShield continued to climb higher.

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.