CommSec Market Update

Morning Report 30 Apr 25: Stock bulls fuel best winning run since March 2022


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Investor confidence continues to build, with Wall Street rising for a sixth consecutive session. Sherwin-Williams shares climbed after a strong first-quarter performance, while UPS fell as the company announced plans to cut 20,000 jobs this year. Meanwhile, Wells Fargo added to the positive sentiment, unveiling a share buyback program of up to $40 billion. In the bond market, US yields slipped to a three-week low amid weakening economic data, while the US dollar strengthened on signs of easing trade tensions. European shares also posted a sixth straight day of gains, echoing the upbeat mood in global markets. In commodities, oil dropped 2% to a two-week low, and gold futures extended their decline. Closer to home, Aussie shares are poised to notch a fifth consecutive day of gains, with investors closely watching upcoming inflation data.

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