Wall Street closed at record highs despite lingering economic concerns, as US payrolls were revised down by record levels. Additionally, Treasuries snapped their winning run as investors awaited key inflation data. In company news, Apple unveiled its iPhone 17 line-up, though shares slipped slightly, while Anglo American and Teck Resources agreed to merge in what will be the world’s second-largest mining deal. In commodities, oil rose following an Israeli attack on Qatar, iron ore rallied amid concerns over Simandou supply, and gold scaled new record highs. Back home, Aussie shares are set to open flat on Wednesday despite those stronger energy prices.

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.