US and European markets plunged as investors reacted to the deepening US-China trade war and rising global growth concerns. Panicked investors pushed the fear gauge to its highest level since April 2020, while interest rates fell to lows not seen since September 2022. Commodities also sank, led by copper’s biggest one-day drop since 2020. The Aussie dollar retreated, weighed down by fears of a slowdown in China, and local markets are bracing for impact, with Aussie shares expected to post their worst single-day performance in five years on Monday.

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.