CommSec Market Update

Wall Street ended a turbulent month on a positive note, with the S&P 500 getting a late-day boost. However, the Nasdaq posted its worst month since April 2024, reflecting ongoing market uncertainty. Meanwhile, U.S. consumer spending fell in January as inflation continued to ease. In corporate news, AES shares soared after the company reported better-than-expected earnings. Over in Europe, markets closed higher for the 10th consecutive week, extending their recent winning streak. Closer to home, Aussie shares are set to start the new month on a stronger note after suffering their worst monthly performance in nearly two and a half years. In the property sector, the Aussie housing market appears to have turned a corner, with sentiment improving following a recent interest rate cut.

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The market is down today and Laura and Stevie reflect on a month that has dropped to levels not seen since 2022.  They discuss how the US market performed overnight and the impact that likely had on local markets with Chinese tariffs in the conversation again and dragging on markets.  All of the sectors are in the red, they talk through the biggest movers including PEXA group, and Endeavour Group,  and they look to the days ahead with US inflation data gaining attention as the earnings season wraps up.

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US stocks are experiencing some volatility after Trump affirmed that tariffs will take effect sooner than previously expected. In company news, investors reacted to a mixed earnings report from Nvidia, while eBay shares tumbled on disappointing first-quarter sales. In contrast, Warner Bros. shares jumped on gains in streaming subscribers. Meanwhile, US Treasury yields rose ahead of key inflation data, strengthening the US dollar and driving gold prices down more than 1%. Closer to home, Harvey Norman remains in focus as the final day of the reporting season unfolds and Aussie shares are expected to open lower on the last trading day of February.

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The market has edged higher today following the recent losing streak.  Laura and Stevie talk through this session and the impact that Nvidia’s record breaking earnings results had on both local and international markets.  Locally most of the sectors saw improvements across the session, they talk through the earnings results that caught attention including Coles and IDP Education, and they look to the upcoming happenings that could move markets including economic growth data out of the US and a weekly update on crude oil inventories.

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US stocks are experiencing a downturn ahead of key earnings results, with Nvidia set for a major test. On the other hand, General Motors raised its quarterly dividend. Meanwhile, US defence stocks fell as Trump confirmed Mexico and Canada tariffs will take effect on April 2. In commodities, oil remains at a two-month low amid rising US fuel inventories, while copper surges and iron ore extends its losing streak. European shares closed at record highs, and the ASX is set to slip on Thursday ahead of earnings reports from Coles and Qantas.

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The market has dropped again today in a week that has seen mixed performance across the sectors.  Laura and Steve unpack the session with materials doing the worst and financials helping to balance some of those losses.  Earnings results will continue through the week and so they analyse likely outcomes from these and they reflect on the part that tariff conversations continue to play on local stock moves.  Inflation data met expectations, and they discuss why this may not influence interest rate decisions.

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The S&P 500 has extended its losing streak to four days as weak consumer confidence data weighed on sentiment. Nvidia dragged the NASDAQ lower ahead of its earnings report, while the Magnificent 7 stocks slipped into correction territory. Meanwhile, Tesla sales plunged 45% in Europe, and Krispy Kreme shares suffered a record drop. In Europe, stocks ended higher as gains in banking and healthcare offset weakness in technology. Commodities also faced pressure—oil hit a two-month low, gold saw profit-taking, and metals declined amid rising China tensions. Locally, Woolworths and Flight Centre’s earnings will be in focus today, while Aussie shares are set to open lower ahead of key inflation data.

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The Aussie market is down for the sixth time in seven sessions, with losses across tech, mining, and banking sectors. Investors are on edge ahead of Nvidia’s earnings and key U.S. inflation data, both of which could shake global markets. While energy stocks are mixed, Woodside is up despite a profit slump, and consumer discretionary stocks, including Wesfarmers, are dragging. Meanwhile, Zip has surged 17% after strong earnings, while Domino’s shares took an 11% hit after reporting a loss. With Aussie inflation data coming tomorrow and major earnings reports still to come, volatility remains high.

 

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Wall Street is seeing mixed trading, with Nvidia's earnings in focus. In company news, Apple plans to add 20,000 U.S. jobs amid tariff concerns, while Alibaba shares drop on China trade worries. Berkshire rises on strong earnings, but Domino’s slips after a U.S. sales miss. Meanwhile, U.S. Treasury yields are lower ahead of key inflation data, and European markets edged down following Germany’s election outcome. In commodities, gold hits a record high, copper dips on tariff fears, and steel duties weigh on iron ore sentiment. Looking ahead, the ASX and Aussie dollar are expected to slip on Tuesday.

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The Aussie market started the week with little movement, as declines in tech and resource stocks were balanced by gains in the big banks. Despite slipping earlier, the market recovered from its worst levels, continuing a rough streak of losses over the past six weeks. Globally, the US market saw its worst session of the year, with tech giants dragging the S&P 500 lower. Locally, earnings season is in full swing, with major results shaking up stocks—Wisetech plunged 20% after boardroom turmoil, while EVT jumped 12.5% on strong earnings. Looking ahead, key earnings from companies like Woolworths, Qantas, and Nvidia, along with inflation data from Australia and the US, will be in sharp 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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