CommSec Market Update

Join Laura as she dives into a turbulent week for markets, with Trump's new tariffs sparking a sharp global sell-off. The Aussie market has tumbled back into correction territory, wiping out over $110 billion this week alone, with 10 of 11 sectors in the red. Meanwhile, some gold miners like Capricorn Metals bucked the trend, hitting all-time highs. 

 

 

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The US market has experienced a significant sell-off, erasing $2 trillion in value as investors reassess growth prospects and company earnings. Stock markets worldwide have plunged, with global manufacturers leading the declines. Major names such as Nike, Apple, Amazon, and Starbucks have suffered double-digit losses, reflecting widespread uncertainty. Interest rates have fallen to their lowest level since October, while oil prices have retreated amid fears of a global recession. Closer to home, futures indicate further declines for the ASX 200, though the Australian dollar has shown resilience despite the broader market downturn.

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Global markets took a hit after Trump’s tariff announcement, with the Aussie market initially plunging 2.1%—wiping nearly $50 billion off its value—before recovering slightly to a 1% loss ($23 billion). Investors reacted sharply to new baseline 10% tariffs on all countries and much higher levies on major trading partners like China, triggering fears of a trade war. Defensive stocks like consumer staples provided rare bright spots, while energy, tech, and mining stocks suffered. Gold surged to a record high, benefiting gold miners, while agriculture and luxury retail stocks with US exposure tumbled. 

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Wall Street posted modest gains as investors await clarity on the scale of tariffs affecting all U.S. imports. In corporate news, Tesla rebounded from steep losses following reports that Elon Musk plans to step down as a Trump advisor, while Amazon shares rose after a bid to acquire TikTok. Across the Atlantic, European markets retreated, with industrials and automakers leading the declines. Meanwhile, in commodities, oil gained nearly 1% as sanctions remained in focus, while gold and iron ore also saw gains. Looking ahead, Aussie shares are set for a flat open as investors await the RBA's financial stability review.

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 managed to hold onto some of the gains this afternoon despite dropping from the highs earlier in trade.  Laura discusses Trump’s tariffs with further information expected around them tomorrow morning at this stage, and she looks at the performance of the US market overnight.  A May rate cut continues to be in the conversation, mining and energy stocks have taken a hit, and gold prices have dropped slightly following the recent record high for the commodity.  Laura unpacks the performance of each of the sectors and the standout performers today including Emerald Resources and Zip.

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Wall Street moderated as investors remained cautious ahead of upcoming tariffs set to take effect on Liberation Day. Concerns over slowing manufacturing activity added to broader growth fears, while falling interest rates signaled expectations of three rate cuts in the US this year. In corporate news, Tesla shares rebounded ahead of its quarterly sales report, while Johnson & Johnson declined after a judge's ruling. Moderna continued its slump, weighed down by FDA-related developments. Meanwhile, commodities softened, pressured by growth concerns and Aussie shares are expected to consolidate on Wednesday following yesterday’s strong gains.

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The market has finished the session with a gain this afternoon coming off the back of recent losses.  Laura unpacks the recent performance both internationally and at home and discusses the retail spending data that was in focus this morning ahead of the RBA interest rate decision.  Rates remained on hold as expected and so Laura gives some insight on that decision and the outlook for future cuts, further explores the ongoing tariff conversations, and looks at the performance of each of the sectors with gold stocks catching attention as the commodity sees another record high.

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Wall Street bounced back from early losses, with investors positioning ahead of the month’s close. The Dow Jones led the late-session recovery, boosted by a 3% gain from Walmart. In Europe, markets struggled, with German stocks hitting their lowest levels since February and auto manufacturers led the decline ahead of Liberation Day tariffs. Commodities painted a mixed picture—oil prices rose, and gold stocks hit fresh record highs, while iron ore and copper slipped. Looking ahead, Aussie shares are set for a weaker start to April, with futures pointing to a lower open.

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The Aussie market is set for its worst day in three weeks, down 1.5% as investors react to a sharp decline in U.S. markets, rising inflation concerns, and uncertainty over Trump's impending tariffs. Gold has surged as a safe-haven asset, but even gold stocks are caught in the broader sell-off. Looking ahead, markets will be watching Trump's tariff moves, Friday’s U.S. jobs report, and a key speech from Jerome Powell. Locally, all eyes are on the RBA's interest rate decision tomorrow, widely expected to remain unchanged as policymakers wait for fresh 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.

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Wall Street is facing renewed growth concerns as Trump’s tariffs return to the spotlight. Technology stocks led declines, with Apple and Amazon each tumbling more than 4%. Auto makers also retreated on tariff worries, dragging General Motors and Ford lower. Elsewhere, Lululemon shares slumped following a profit downgrade. In Europe, car makers continued to weigh on EU stocks, reflecting similar concerns over trade policy. In commodities, the oil market is in focus as Trump threatens new energy tariffs, while gold surged as investors sought safe-haven assets. Looking ahead, SPI futures indicate a steep drop for the ASX 200.

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.