CommSec Market Update

The Aussie market wrapped up November on a mixed note, dipping slightly by 0.1% but still securing its second-best month of the year with a 3.3% gain. Despite a sluggish day influenced by the U.S. Thanksgiving holiday, the materials sector led a late recovery, offsetting losses from other sectors. Highlights included Webjet's rollercoaster ride amid legal troubles, Star Entertainment's all-time low after years of decline, and Resolute Mining's struggles following a major settlement in Mali. With Black Friday sales kicking off, the holiday shopping season is expected to shape retail performance, while upcoming data from China and the U.S., along with an OPEC+ meeting, will provide critical market insights in 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.

See omnystudio.com/listener for privacy information.

US futures are showing positive movement as the Thanksgiving holiday approaches. In Europe, French bonds approached parity with Greek debt as the nation’s budget saga deepened, further straining French banks amid the ongoing fiscal crisis. Meanwhile, oil prices rose on escalating Middle East tensions, while gold retreated in thin holiday trading. Closer to home, the Aussie dollar climbed in subdued holiday trade. However, Australian shares are expected to ease from record highs after Reserve Bank Governor Michelle Bullock dampened hopes for an interest rate cut. The central bank reiterated that inflation remains too elevated to consider near-term rate reductions.

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.

The Aussie share market hit its second record high of the week, marking the 15th for the financial year, with gains driven by financials and healthcare stocks. Key standouts included Pro Medicus, surging 9% on a $330 million U.S. deal, and Sigma Healthcare, up 50% this month following a Chemist Warehouse merger. Meanwhile, Star Entertainment saw its shares tumble nearly 5% amid ongoing revenue challenges. Looking ahead, U.S. markets will be closed tomorrow for Thanksgiving, while a speech from RBA Governor Michelle Bullock and upcoming AGMs keep investors alert.

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.

Wall Street saw sellers take charge as investors prepare for the Thanksgiving break. The bond market brought some relief, with interest rates falling as inflation figures came in softer than expected. Technology stocks struggled to maintain momentum, with the recent rally halting due to downbeat quarterly forecasts from Dell and HP, which weighed heavily on the sector. On a brighter note, retailers like Urban Outfitters and Target shone, delivering better-than-expected earnings and boosting sentiment in the retail space. Meanwhile, oil prices dipped following a surprise build in U.S. gasoline stocks, adding pressure to the energy sector. Looking ahead, the ASX is poised for a positive start on Thursday, with investors closely watching RBA Governor Michelle Bullock's speech, where she is expected to provide insights into the latest inflation report.

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.

The market has rebounded today following the slight declines of yesterday.  Laura and Stevie reflect on the session yesterday which was the worst decline in two weeks and the performance that we saw today.  Tariff concerns are in conversation today and they discuss how international and local markets have reacted.  Inflation is back in focus as are conversations around rate cuts, they share the stocks that caught their eye including City Chic and GrainCorp, and look to the rest of the 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.

See omnystudio.com/listener for privacy information.

Wall Street has shrugged off concerns over Trump’s tariff talks as stocks climbed, while a US bond rally lost momentum following his tariff pledge. At the same time, European markets and global automakers were also impacted by the ongoing tariff discussions. Meanwhile, the release of US Federal Reserve minutes revealed easing inflation and a strong labor market, paving the way for potential further interest rate cuts. In corporate news, biotech firm Amgen weighed on the Dow Jones after disappointing results from its weight loss drug. Looking ahead, Aussie shares are expected to lift on Wednesday ahead of key monthly 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.

See omnystudio.com/listener for privacy information.

The market has pulled back slightly today following the record high of yesterday.  A social media post from Donald Trump played into this performance with the energy sector and financials seeing losses.  Laura and Stevie reflect on this session, look to the stocks that caught their eye including Bluescope and Webjet, and discuss the upcoming happenings that could move markets.

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.

Interest rates curb the US dollar's decline as Donald Trump’s Treasury nominee, Scott Bessant, is viewed positively by markets. Meanwhile, the prospect of a ceasefire in the Middle East has put downward pressure on oil prices, while at the same time, gold prices have fallen due to reduced safe-haven demand. In corporate news, Webjet is set to release its earnings, while Brickworks, Pilbara Minerals, and Ramsay Health will host their AGMs. Looking ahead, futures indicate solid gains for the local share market on Tuesday, while the Australian dollar consolidates amid a moderating US dollar.

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.

It has been a great start to the week with a fresh record high.  Laura and Stevie reflect on this 14th record high since the start of the financial year with the market up around 11% at this point.  They look to the US, the performance of the local sectors with most seeing improvements – real estate the standout, and run through the stocks that caught their attention with Zip and Novonix gaining attention.

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.

Wall Street has ended the week with solid gains as the Dow Jones closed at a record high. A 4% surge in Boeing has lifted industrial stocks, while technology names lagged as Nvidia slipped 3%. In economic news, U.S. services activity accelerated to its highest level since March 2022. In Europe, stocks climbed on hopes of interest rate cuts. Locally, the Aussie share market is poised to test new record highs on Monday, with SPI futures indicating a solid gain 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.