CommSec Market Update

The Australian share market experienced a challenging week, with most sectors in the red and the ASX 200 down nearly two-thirds of a percent. Key factors include investor caution ahead of U.S. jobs data, which could influence interest rate decisions, and a postponed OPEC+ production increase due to weaker demand. Notable company movements included Iluka's 10% drop following cost blowouts, Collins Foods' ex-dividend dip, and a broker downgrade for Domino’s Pizza. On the brighter side, utilities showed resilience, APA Group gained on favorable regulatory news, and gold stocks rallied on merger announcements. The RBA's meeting next week and U.S. job figures remain pivotal for market direction.

 

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Bitcoin has surged to a new record high, buoyed by news of Trump’s appointment, while U.S. jobless claims climbed to a one-month high during Thanksgiving week. In corporate news, Disney announced an increase in dividends, yet its stock price declined. Conversely, Brown-Forman, the maker of Jack Daniels, saw its shares soar on a stronger-than-expected forecast. However, Synopsys faced a downturn as its sales outlook fell short of estimates. Across the Atlantic, European stocks reached a one-month high, with Germany's DAX index setting another record. Meanwhile, oil prices held steady as investors weighed the impact of a delayed OPEC output hike. Looking ahead, the ASX200 is expected to dip as markets await potential stimulus measures from China.

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 saw a modest uptick today, gaining 10 points as it recovered a third of Wednesday's losses. Bitcoin made headlines, surpassing $100,000 USD amid hopes for lighter regulation, rising 40% since early November. Meanwhile, the U.S. markets hit new records across all major indices, fuelled by strong economic confidence. Locally, energy and mining stocks struggled, with lithium miners like Liontown down sharply due to weaker prices, while gold stocks outperformed thanks to rising prices. Attention also turned to the upcoming OPEC+ meetings and upcoming U.S. job data, both poised to shape market movements in 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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Wall Street is reaching new record highs, fueled by a surge in technology stocks, as optimism grows about the economy. Federal Reserve Chair Jerome Powell expressed confidence in the strength of the U.S. economy, adding to the positive sentiment. In company news, Salesforce shares soared following an earnings report that exceeded revenue expectations, while Foot Locker shares plunged due to a bleak holiday outlook. Across the Atlantic, Germany's DAX index closed above the 20,000-point mark, highlighting resilience in European markets despite political challenges. Meanwhile, iron ore prices rose on hopes of Chinese stimulus, contrasting with a decline in oil prices as markets anticipate the upcoming OPEC decision. Looking ahead, Aussie markets are expected to open flat. The Aussie dollar, however, has fallen to a four-month low after weaker-than-expected economic 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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The market has dropped back slightly today following another record high yesterday.  Laura and Stevie reflect on this performance comparative to US markets and look at the international news which impacted overseas markets.  Rate cuts are back in conversation after expectations have been moved forward following economic data around household consumption, energy, mining, and tech were the only sectors that saw gains, and real estate has seen some losses due to Goodman Group.

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 Korean Won has depreciated sharply following South Korea’s president's declaration of martial law, adding to political uncertainty that has weighed on major companies like Samsung and Hyundai. Meanwhile, the S&P 500’s $11 trillion rally is beginning to show signs of fatigue. In Australia, public spending continues to support economic growth, though local shares are expected to slip after recently reaching a record high of 8,500 points. Commodity markets remain dynamic, with iron ore nearing a two-month high on hopes of Chinese stimulus, and oil prices climbing amid concerns over the situation in Lebanon.

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 improved for a second straight day today with Stevie assuming that Santa has come early as he reflects on the recent local performance.  Laura addresses the state of the local sectors, and they unpack the stocks that caught attention with Star Entertainment being the top performer following their recent less than impressive performance.  They look at what to expect overnight ahead of economic growth figures tomorrow and the data coming out of China and the US.

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.

Technology stocks are back in favour, driving Wall Street higher on the first trading day of the new month. Apple reached a fresh record high, while Super Micro Computers led gains in the Semiconductor Index. Meanwhile, Cyber Monday and robust online sales have provided a boost to the US retail sector. In Europe, political uncertainty, particularly in France, weighs on investor sentiment. Commodities were a key focus on the ASX, with a stronger US dollar and encouraging Chinese factory data supporting iron ore prices. Looking ahead, futures indicate a solid start for Australian shares, with the ASX200 poised to challenge 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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December has started on a high following the second-best month of the year.  Laura and Stevie reflect on the performance of last month and dive into the performance of the US market which also has seen positive performances.  Property prices are in discussion today as is retail spending data with Black Friday having provided a boost.  They run through the stocks that saw the biggest movements today including De Grey Mining and look 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 wrapped up a stellar November with strong gains, driven by optimism over lower bond yields, U.S. economic resilience, and expectations of a rate cut. The Dow rose 7.5%, marking its best month in a year, while the NASDAQ surged 6.2%, outpacing Australia's ASX 200, which gained 3.4%. Tesla led the charge in U.S. equities, climbing over 30% in November, while retailers were bolstered by robust Black Friday sales. Locally, Australian home prices slowed in November, reflecting affordability challenges, while the ASX eyes record highs, fuelled by bullish commodity prices and economic momentum from China.

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.