CommSec Market Update

Wall Street slumped after Alphabet’s capital spending plans unsettled investors, while a weak outlook from Qualcomm deepened the tech sell-off. In Europe, the European Central Bank and the Bank of England kept interest rates unchanged, while Rio Tinto and Glencore separately abandoned merger talks. In commodities, silver plunged nearly 14% amid a firmer US dollar, a move that is likely to we...

The ASX200 eased 0.4 % (≈ 39 points) after three days of gains, led by a 3 % fall in materials as silver plunged 14 % and gold slipped 2 %. Tech stocks stayed weak, extending a seventh‑month decline, while BHP fell 4 % letting CBA retake the top spot. Look ahead to ECB and BOE rate holds, US oil inventory data and earnings from Amazon, Barrick, Bristol-Myers Squibb and Estée Lauder. T...

Wall Street slid overnight as renewed AI concerns weighed on tech stocks, dragging the Nasdaq down 2%. AMD led the sell-off, posting its steepest decline since 2018 after a disappointing outlook. In Europe, shares closed at record highs, bucking the global tech weakness. In commodities, oil prices jumped 3% on concerns around US-Iran talks, while copper fell as a stronger US dollar and inventory o...

The Aussie market pushed higher for a second session, showing remarkable resilience by bucking a negative lead from Wall Street. While US indices retreated, the ASX 200 climbed as the Materials and Energy sectors did the heavy lifting. Gold miners were the standout performers after bullion prices surged, and BHP hit a fresh all-time high. However, it was a "sea of red" for the Tech sector, which s...

Wall Street’s sell-off deepened overnight, led by software and cloud stocks. In corporate news, Walmart joined the US$1 trillion club, becoming the first retailer to reach the milestone. In Europe, shares climbed to fresh record highs, supported by strength in mining stocks. Commodities were volatile, with oil prices rising after the US shot down an Iranian drone, while gold jumped its most...

Aussie stocks staged a robust recovery today, reclaiming most of Monday’s losses despite the Reserve Bank of Australia handing down its first rate hike in over two years. The board unanimously lifted the cash rate to 3.85%, citing a material pick-up in inflation. Governor Michele Bullock maintained a cautious tone, refusing to rule further moves in or out while monitoring a tight labor marke...

Wall Street kicked off February on a stronger note, led by gains in the tech sector, though losses in Walt Disney weighed on sentiment after the company flagged a weaker outlook. In Europe, shares climbed to record highs, driven by strength in banking stocks. Commodities were under pressure, with oil sliding 5% on signs of US-Iran de-escalation, while gold extended its selloff as higher CME margin...

The Aussie market suffered its sharpest fall in months, sliding deep into the red as a global commodity rout sparked a nasty four-day losing streak. The sell-off followed President Trump’s nomination of Kevin Warsh as the next Fed Chair. Warsh’s hawkish reputation sent the US dollar surging, causing gold to suffer its steepest crash since the 1980s and silver to plunge even further. Lo...

US stocks tumbled and precious metals slumped after Donald Trump chose Kevin Warsh as the next chairman of the central bank. Apple defied the broader sell-off, reporting its strongest-ever iPhone sales. In commodities, silver has plunged 30% from recent highs in its worst stretch since 1980, while gold recorded its steepest fall since 1983. Back home, Australian home prices continued to rise in Ja...

The Aussie market ended January with its third daily decline, down 0.7%. A 3% tumble in Materials led the drop as gold and silver prices pulled back following a historic 20% monthly rally. Sentiment was further pressured by speculation that Trump will nominate hawk Kevin Warsh as the next Fed Chair. Locally, Nine Entertainment jumped 4% after a massive $850 million pivot to acquire billboard...

US stocks swung as investor nerves around hefty AI spending sparked volatility, with Microsoft sliding after flagging a sharp jump in capital expenditure. That tech-led weakness spilled into Europe, where stocks were dragged lower by a broader sell-off in the sector. In commodities, gold eased as investors took profits following record highs, while copper surged to fresh all-time highs as speculat...

The Aussie market finished almost flat today, recovering from morning lows despite lingering rate hike fears. While the ASX 200 slipped for a second session, the real drama unfolded in the commodities space as gold shattered records, soaring to $5,500 per ounce. BHP continued its record run, hitting an all-time high, while Deep Yellow surged 12%. Conversely, rare earth miners like Ioneer...

Wall Street wavered overnight, with the S&P 500 briefly topping the 7,000 mark before pulling back as investors looked ahead to the Fed decision and big tech earnings. Meanwhile, US Treasuries fell and equities struggled for direction after the Fed held rates steady. Elsewhere, European shares slipped, weighed down by weakness in luxury stocks. Commodities saw oil prices hover near four-month...

The Aussie market’s winning streak snapped today as hotter-than-expected inflation data fueled fears of a February rate hike. With core inflation hitting 3.4%, markets are now pricing in a 70% chance of an RBA move next Tuesday, sparking a sell-off in Retail and Tech stocks. Despite the gloom, BHP hit a record all-time high, cementing its position as Australia's most valuable company, while...

Wall Street pushed to fresh records, with the S&P 500 hitting new highs on solid corporate earnings as the US dollar slid to a four-year low. Upcoming results from the Magnificent Seven are expected to test the rally, while Medicare rate changes are weighing on health insurers. Meanwhile, US bond yields were mixed ahead of an expected pause in Fed rate cuts. In the commodities market, oil futu...

The Aussie market surged to a three-month high, driven by a powerful mining rally and Wall Street momentum. BHP reclaimed its title as Australia’s most valuable company from CBA, hitting a two-year high as safe-haven demand pushed gold past $5,100 and silver to record peaks. 10 of 11 sectors lifted, however DroneShield tumbled 6% on pipeline concerns despite record revenues. All eyes now piv...

Wall Street extended gains, with the S&P 500 and Nasdaq rising for a fourth straight session ahead of mega-cap earnings and the upcoming Fed decision. Elsewhere, US bond yields edged lower as investors assessed demand, while European shares finished higher, led by bank stocks with earnings in focus. In commodities, oil prices dipped as traders weighed a US coal snap and the resumption of suppl...

The Aussie market capped a volatile week with a modest gain, as record-breaking gold prices and a tech surge offset weakness in the banking sector. Gold miners remained the standout story, with Evolution, Westgold, and Genesis hitting all-time highs as the precious metal tracked toward its strongest weekly gain since 2020. However, the day’s top performer was Life360, which skyrocketed...

Wall Street pushed toward record highs after tariff tensions eased and fresh data reinforced the resilience of the US economy. Meanwhile, US Treasury yields edged lower as solid employment and spending figures bolstered expectations that the Federal Reserve can stay on hold. Elsewhere, European shares rebounded after Donald Trump walked back tariff threats linked to Greenland. In commodities, oil...

The ASX200 nudged up about 0.8 per cent after a choppy session, driven by US markets rallying on President Trump’s withdrawal of European tariff threats and a surprise boost in Australian employment. 65,200 jobs were added in December, lifting the market’s view of a February rate rise to roughly 60 per cent. Materials and tech led the losers, while energy, financials and miners showed...

Wall Street staged a cautious recovery after Donald Trump ruled out using force to acquire Greenland. In corporate news, Intel's shares jumped to their highest level since early 2022, while Netflix's shares fell on a tepid outlook. Meanwhile, US bond yields dipped after a recovery in Japanese government bonds. In commodities, oil prices edged higher as investors assessed a force majeure at a major...

The Aussie market slipped for a third day as escalating US-Europe trade tensions sparked global jitters. While a heavy Wall Street sell-off pressured Financials and Tech, the ASX 200 showed resilience as Materials and Energy sectors rallied. Gold and silver hit fresh record peaks, fueling surges in Northern Star, Evolution, and Westgold, while Paladin Energy jumped 13% on a strong quarterly update...

Wall Street slid to a three-week low as the Greenland dispute sparked a global sell-off, with the 'Sell America' trade erasing the S&P 500’s 2026 gains. Long-dated US bonds fell on fresh tariff threats from Donald Trump, while Japanese markets also sold off. Across Europe, shares ended lower after Trump flagged tariffs on French wine and champagne. In commodities, gold surged to a record...

The Aussie market slipped for a second day as global investors braced for a volatile US reopening following President Trump’s latest tariff threats regarding Greenland. Materials and Financials led the declines, with BHP weighed down by rising project costs despite record production, and ARB tumbling 12% on a profit downgrade. In contrast, Utilities found support through Origin Energy, which...

European stocks posted their biggest drop in two months after US President Donald Trump threatened additional tariffs over Greenland, rattling risk sentiment. With Wall Street closed for the Martin Luther King Jr. holiday, attention turned to commodities, where gold and silver surged to record highs on safe-haven demand tied to the Greenland dispute, while iron ore slid to a two-week low amid rene...