Morgans Financial Limited

Morgans Chief Economist and Director of Strategy, Michael Knox, joins Steve Austin on ABC Radio Brisbane to discuss the IMF’s latest Fiscal Monitor, released in October. The IMF now expects Australia’s budget deficits to run about 1% of GDP higher out to 2030 than forecast this time last year. That’s numbers Michael says are starting to look like those of European welfare states. In this interview...

US equity markets advanced despite a fresh rise in Treasury yields, with some solid gains among technology heavyweights – Dow added +91-points or +0.18%, with NVIDIA Corp (up +2.12% to a fresh record closing high of US$238.90) and Visa Inc (+2.51%) up over >2%. Merck & Co Inc (down -3.3%) was the worst performer in the 30-stock index Salesforce Inc -2.09%.

US equity markets advanced on Friday (2 October) after a sharp slowdown in the labour market eased concerns about a near-term interest rate hike, while oil prices fell after the Group of Seven (G7) said it would release fuel reserves– Dow rose +250-points or +0.49%. Cisco Systems Inc +3.56% NVIDIA Corp +1.34% to US$233.95 and touched a record intra-day high (US$237.88). Nike Inc dropped -3.64% to...

US equity markets opened the new month and quarter with modest gains, recovering from earlier losses as Treasury yields retreated from multi-decade highs and investors eyed tonight’s AEST jobs figures – Dow inched +21-points or +0.04% higher. Boeing Co (up +3.35%) and Salesforce Inc (+3.1%) rallied over >3%, while International Business Machines (IBM) Corp gained +2.59%. Walt Disney Co (down -3.4%...

Morgans AM - Thursday, 01 October 2026 by Morgans Financial

US equity markets posted back-to-back declines as Treasury yields continued to climb – Dow lost -132-points or -0.26%, paring an earlier decline of as much as -352-points. Apple Inc -2.66%

• A fresh jump in Treasury yields weighed on US equity markets albeit the major averages settled off their session lows after CNN and Axios reported, citing White House officials, that President Trump was open to providing sanctions relief to Iran on nuclear matters – Dow fell -347-points or -0.67%. Boeing Co dropped -6.91% after the Federal Aviation Administration said it wouldn’t certify the aer...

• US equity markets advanced on Friday (25 September) to cap a volatile week of trading – Dow gained +479-points or +0.93%. Microsoft Corporation rallied +3.66% to $516.17 and booked its highest close since November last year after the technology giant unveiled an updated Copilot app with new capabilities, including coding and autonomous-agent tools. Apple Inc gained +1.53% to US$341.07, logging f...

• US equity markets were mixed overnight following a muted session as oil prices and bond yields continued to climb. The Dow fell -162 points of -0.31%. • Investors were awaiting news from the meeting between President Trump and Chinese leader Xi Jinping in Washington ahead of a state dinner at which several corporate leaders are expected to attend. Earlier, Treasury Secretary Scott Bessent said t...

• US equity markets declined as crude prices and global bond yields resumed their march higher – Dow fell -352-points or -0.68%. McDonald’s Corp dropped -4.81% after announcing plans for its own media network, pricey restaurant upgrades/remodelling and ways to win over GLP-1 users during an investor presentation at its Chicago headquarters. In June, the company unveiled its newest growth strategy,...

• US equity markets mixed although fresh gains for chip stocks lifted the Nasdaq to fresh record highs – Dow eased -185-points or -0.36%, with financial services firms JPMorgan Chase & Co (down -3.42%), American Express (-2.72%), and Visa Inc (-2.14%) ranking among its 30-stock index’s biggest decliners as the yield curve flattened (or the spread between short-term and longer-term yields narrowed)...

• US equity markets rallied strongly as oil prices and bond yields retreated, chipmakers and other artificial intelligence (AI)-related companies leading the advance – Dow rose +366-points or +0.71%, with NVIDIA Corp (up +2.3%) the leading performer in the 30-stock index. Chevron Corp (down -2.79%) was the weakest Dow component overnight.

US equity markets closed a volatile week on a muted and mixed note on Friday. Dow slipped 95 points or 0.2%. IBM, Walt Disney, Nike, and Salesforce all falling over 2%. Apple is 0.3% as the technology giants iPhone 18 models and other new products debuted following a launch event last week.

Wall Street rebounded as easing oil prices, a decline in US Treasury yields and solid labour data helped markets move beyond the Federal Reserve's first-interest rate hike in more than three ‌years, with the Technology sector leading a broad rally – Dow rose +316-points or +0.61%. Caterpillar Inc (up +2.02%) and Cisco Systems Inc (+2.32%) were among four (4) components to rise over >2%. Salesforce...

US equity markets weaker, unwinding earlier session gains after the Federal Reserve hiked interest rates for the first time in three years and central bank Chairman Kevin Warsh highlighted persistent inflation – Dow dropped -631-points or -1.21%. International Business Machines (IBM) Corporation fell -4.38% after the company said Anderon, its chip unit, has ⁠signed a funding agreement with the U.S...

• US equity markets weaker, with the three (3) benchmark indices closing in the red for a sixth time in seven sessions as oil prices and bind yields continued to climb, while investors were also eying the Federal Reserve’s latest interest rate decision – Dow fell -328-points or -0.63%, with Nike Inc (down -2.24%) and Amazon.com Inc (-2.02%) and The Walt Disney Company (-2%) all falling ~2%. Salesf...

US equity markets declined, with chipmakers under particular pressure after top executives in U.S. artificial intelligence (AI) companies raised safety concerns and called for a slowdown in the ‌development of AI – Dow eased -152-points or -0.29% after declining ~300-points earlier in the session. Caterpillar Inc (down -4.22%) and Goldman Sachs Group Inc (-3.96%) booked the largest percentage decl...

• US equity markets advanced on Friday (11 September), snapping a four-session losing streak as oil prices snapped an eight-session winning streak and pulled back from five-month highs, while investors digested inflation figures that cemented expectations of an interest rate hike later this week – Dow rebounded +509-points or +0.98%.

US equity markets extended declines into a fourth consecutive session as oil prices and bind yields soared – Dow fell -317-points or -0.60%, with Amgen Inc (down -2.25%), International Business Machines (IBM) Corporation (-2.47%) and NVIDIA Corp (-2.26%) all down over >2%. Nike Inc fell -1.95% to US$36.62, with analysts at Morgan Stanley reinstating official research coverage with an ‘underweight’...

US equity markets booked a third straight session of declines as global benchmark oil prices jumped above >US$100/barrel and the yield on US 10-year bonds touched their highest level since November 2023 – Dow fell -405-points or -0.77%. Alphabet Inc fell -2.09% after the Google parent said it would invest at least US$15.1B in AI infrastructure in Finland over the next two years, including a major...

US equity markets booked back-to-back declines after resuming trading following the Labor Day holiday long weekend as oil prices rose and trade tensions between the U.S. and Canada escalated – Dow dropped -628-points or -1.18%. Amgen Inc tumbled -10.08% after Swiss pharmaceutical peer Novartis AG said after the close of trading last Friday (4 September) that an experimental drug, pelacarsen, faile...

US equity and bond markets were CLOSED overnight AEST for the Labor Day holiday. In US corporate earnings, Casey’s General Stores Inc releases its fiscal first-quarter result tonight AEST.

US equity markets retreated on Friday (4 September) following a stronger-than-expected August jobs report that ignited fresh concerns about interest rate hikes – Dow fell -272-points or 0.51%. Apple Inc (-2.51%) and Microsoft Corp (-2.04%) fell over >2%.

US equity markets rallied as Treasury yields retreated for a second session. Rally for mega cap technology names and software stocks helped the S&P 500 and Dow Jones booked their best one day gain since the 4th of August. Dow rallying 624 points or 1.2%. Goldman Sachs up 3.3% while Microsoft, Salesforce, Travellers Companies and Walmart all gained over 2%.

US equity markets advanced as the rally in Treasury yields paused although crude prices continued to climb – Dow rose +295-points or +0.56%, snapping a three-session losing streak. Nvidia Corp gained +3.21% to be the leading performer in the 30-stock index. Chief Executive Officer (CEO) Jensen Huang addressed a technology event in North Carolina hosted by the US and called on Group of 20 (G20) nat...