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.

See omnystudio.com/listener for privacy information.