CommSec Market Update

The market has neared record levels once again today as it cracked through a three-month high.  Laura and Stevie unpack the local session and discuss international markets with the US having seen a bounce back from recent lows.  Interest rate cuts could be on the cards sooner than expected amid data out today, most of the sectors gained ground with energy being an outperformer, and they look at the stocks that gained attention including Commonwealth Bank which continues to set records.

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Wall Street was boosted by gains in technology stocks, with Nvidia reclaiming its title as the world’s most valuable company. Chipmakers also rallied on renewed hopes around US-China trade talks. Meanwhile, US job openings rebounded in April, suggesting resilience in the labour market. In corporate news, shares in dating app Bumble fell amid growing concerns over its market share. In commodities, oil rose 1.5% on rising geopolitical tensions, while gold eased from a four-week high. Closer to home, Aussie shares are expected to open higher on Wednesday ahead of the release of key economic growth figures.

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 local market has had the largest lift in a month today.  Laura and Stevie discuss the recent performance where the market has largely remained stagnant despite the session today, unpack the likeliness of further rate cuts following the release of the RBA minutes, and discuss the latest in tariff headlines.  A number of stocks caught attention including IDP Education, Treasury Wine Estates, and Bluescope, and they look to the days 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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US stocks have posted modest gains to start June, as investors largely shrugged off renewed global trade tensions. Steel and aluminium shares jumped after President Trump pledged to double tariffs on the metals, though the move is expected to raise production costs for automakers. Elsewhere, European markets stumbled in response to the latest tariff threats, while energy shares in North America rose more than 1% as wildfires threatened Canadian oil supply. Meanwhile, the US dollar slipped, providing support for commodities—gold climbed to a three-week high and US copper futures surged amid growing tariff concerns. Closer to home, Aussie shares are set to open higher ahead of the Reserve Bank’s meeting minutes, with the Aussie dollar edging closer to 65 US cents.

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 market has had a slow start to the month remaining mostly flat.  Stevie is back for the podcast today (even though his voice may not be) to discuss the last month’s performance with Laura, and the mixed news around tariffs which could have kept markets cautious.  Commodity prices were in focus today on the back of rising geopolitical tensions, they look at how the sectors performed with many seeing losses, and the stocks that caught attention including Bluescope.

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 on a high note, with both the NASDAQ and S&P 500 posting their best May gains since the 1990s. Investor sentiment was lifted by encouraging inflation data and moderating interest rates. Elsewhere, Costco shares climbed after the retail giant reported earnings that surpassed expectations, while commodities eased as investors turned their focus to upcoming key manufacturing figures. Closer to home, the ASX 200 is poised to kick off June with modest gains.

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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Aussie shares are wrapping up May on a positive note, with the market up 3.8% for the month and 0.8% for the week. A surprise dip in retail sales sparked speculation of rate cuts, with markets now pricing in three cuts by year-end. Trade tensions are back in the spotlight as a US court temporarily backed Trump's push for tariffs, adding fresh uncertainty. Sector-wise, tech has been a standout, up 30% over eight weeks despite a small pullback today, while energy stocks lagged on falling oil prices. All eyes now turn to key US inflation data and the RBA’s economic updates next week.

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, buoyed by renewed trade optimism and upbeat corporate earnings. Nvidia impressed investors with stronger-than-expected quarterly sales, though its outlook flagged a potential $8 billion impact from US export restrictions. Meanwhile, beauty retailer E.L.F. surged over 23% following news it will acquire Hailey Bieber’s skincare brand, Rhode. However, not all signals were positive. A rise in US jobless claims pointed to potential weakness in the labour market, and oil prices dipped on ongoing demand concerns. Adding to market jitters, a US appeals court temporarily reinstated Trump-era tariffs, reigniting trade tensions. Closer to home, Aussie shares are expected to ease, with retail spending data 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

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The Aussie market has pushed modestly higher once again today.  Laura unpacks the session which has followed the recent trend of cautious performances and discusses the likelihood of an imminent rate cut following yesterday’s inflation data.  Laura reflects on the month analysing how each of the sectors have performed and gives the latest on Trump’s liberation day tariff’s which have been blocked by US courts.  NVIDIA shares have skyrocketed, uranium stocks were among the losers today, and Laura looks to the days 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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US stocks eased overnight as investors awaited key earnings reports, with particular focus on Nvidia, whose results are crucial for market sentiment around AI. Meanwhile, long-term interest rates continued their upward march. In the retail sector, fortunes were mixed, with attention turning to Dick's Sporting Goods following a notable transaction involving Foot Locker. Adding to the geopolitical tension, President Trump has ordered chip software designers to halt sales to China, a move that could have ripple effects across the tech sector. Closer to home, the Aussie share market is expected to inch higher today, ahead of the release of key business investment 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.