CommSec Market Update

US markets retreated as investors digested the latest Fed minutes, which reinforced the central bank’s focus on taming inflation. Treasuries extended gains following a strong bond auction, while the US dollar slipped after Donald Trump called for Fed governor Lisa Cook to resign. In company news, Target appointed an insider as CEO to spearhead its turnaround, TJX (the owner of TJ Maxx) beat...

The ASX 200 ended modestly higher after a choppy session, with investors digesting profit results and awaiting a key speech from US Fed Chair Jerome Powell. Heavy losses in miners and healthcare, including further weakness in CSL, were offset by strong gains in the big banks. James Hardie slumped on weak US demand, while Breville and Iluka also disappointed. On the upside, Magellan, Stockland, Lot...

Wall Street closed lower overnight as jitters ahead of Jackson Hole and a tech-led slide disrupted the summer calm. In company news, Home Depot reported stronger sales as shoppers shifted to smaller projects, while Palantir tumbled 9%, marking its fifth straight day of losses. On the economic front, US housing starts climbed to a five-month high. Elsewhere, the Reserve Bank of New Zealand is widel...

One stock accounted for almost of the declines across the ASX today.  Steve joins the podcast to reflect on the end to the recent winning streak bringing the first decline in a while.  He discusses the imminent US rate cut decision, the Aussie sectors with healthcare seeing substantial declines amid CSL shares dropping more than 16%.  Seek was one of the winners today following thei...

Wall Street held steady as investors brace for the Jackson Hole Symposium, while the US dollar climbed as Donald Trump hosted talks on Ukraine. Elsewhere, Private equity giant Thoma Bravo was reported to be in discussions to acquire software firm Dayforce, and the Trump administration is weighing a potential 10% stake in Intel. Solar stocks gained on the back of a favorable tax credit ruling, whil...

Wall Street eased from record highs as investors turned cautious ahead of the Jackson Hole Symposium. Meanwhile, UnitedHealth experienced a double-digit surge following Warren Buffett's investment, while Applied Materials declined due to a weaker outlook. Back home, Aussie shares are set to open lower on Monday after Friday’s record finish, with local investors bracing for a wave of earnings...

The record high streak has continued for the Aussie market as it has now hit all-time best levels for 5 consecutive days.  Steve reflects on a week that has seen the ASX200 up around 0.7% with a fourth gain in 5 days and discusses the upcoming week which will be one of the busiest for earnings results.  Steve unpacks the latest on the tariff situation, the part that has played in the rec...

US stocks pulled back from record highs as investors digested fresh inflation data, with Treasuries sliding after wholesale price figures dented expectations for rate cuts. Meanwhile, the Trump administration is reportedly considering taking a stake in Intel, while Cisco signalled stronger AI-related sales. Oil prices climbed to a one-week high ahead of Trump–Putin talks, and the US dollar s...

The market has bounced back impressively today following the modest declines of yesterday and marking four sessions of setting record highs.  Steve reflects on the session where jobs growth and earnings reports have dominated, and how gains in US market overnight supported our performance.  Temple and Webster saw a lift today following better than expected earnings data, Westpac also saw...

Wall Street scaled new record highs overnight as investors continued to anticipate interest rate cuts and with small-cap stocks outperforming their larger tech counterparts. Meanwhile, Scott Bessent suggested Nvidia and AMD’s agreements with China could serve as a model for other firms, while CoreWeave shares tumbled after widening losses from its AI buildout. On the other hand, Paramount sh...

The ASX200 slipped around half a percent despite briefly touching a third straight all-time high at the open, with more winners than losers overall but some heavyweight profit results dragging the index lower. Miners and healthcare stocks helped offset losses in financials and utilities, while standout movers included Tyro Payments after takeover interest, Evolution Mining on strong gold prices, a...

Wall Street surged to new record highs as investors celebrated subdued goods inflation, with two-year US Treasury yields falling after the release of the consumer price data. Meanwhile, Airline stocks jumped as airfares lifted, while in commodities, oil prices dipped ahead of inventory reports. Back home, Aussie shares are expected to extend gains from all-time highs, and the Aussie dollar has str...

It has been an interesting day for the Aussie market as the session got off to a timid start.  Steve joins us to reflect on the performance which picked up following the RBA decision to cut rates and sending the market to hit a new record high.  He discusses the RBA decision and what could be expected around further rate cuts, the big winners with Life360 and JB Hi-fi gaining attention,...

Wall Street gave up early gains as investors turned cautious ahead of key U.S. inflation data. Micron shares surged on a profit upgrade, while Hershey plunged as cocoa prices climbed. Nvidia shares were in focus after President Trump signaled he was open to the company selling scaled-back Blackwell chips to China. Trump also extended the China tariff truce for 90 days and urged them to quadruple t...

The Aussie market kicked off the week on a positive note, with the ASX200 touching another record high before settling about a third of a percent higher, supported by strength in miners and major banks. Lithium stocks surged after reports the world’s biggest EV battery maker may pause operations, while IDP Education jumped on broker upgrades and policy changes for foreign students. JB Hi-Fi...

Wall Street shook off growth and trade concerns to close at new record highs, with the tech sector leading gains. The S&P 500 notched its 18th record close of the year, finishing the week up 2.4%, as growing calls for interest rate cuts continued to drive stocks higher. In commodities, oil prices remained in focus ahead of a highly anticipated meeting between U.S. President Donald Trump and Ru...

The market has slipped slightly today marking two days of declines but still remains up overall across the month.  Steve is solo today to reflect on a week which has seen more record highs, and to discuss the tariff rollout and how that alongside sluggish economic data has impacted markets.  Mining stocks have seen some gains today minimising the losses on the ASX, Iress and Nick Scali c...

Wall Street closed lower as rising rates and weak bond demand pressured markets. Treasury yields rose after soft bond auction results, dragging equities down. Healthcare stocks declined, with Eli Lilly falling on disappointing weight-loss drug data. Tech also struggled, with Fortinet plunging over 20% after a weak refresh cycle. Meanwhile, Trump announced tariffs on imported chips and urged Intel&...

Following the record-breaking session yesterday, the market seems to have taken a breather today.  Laura and Stevie reflect on the session, and tariffs continue to make headlines as a number of them come into play today.  The sectors saw mixed performance locally with financials being dragged by the ASX amid recent criticism, Newscorp gained attention following their earnings data, and t...

Wall Street rebounded overnight as investors digested a wave of corporate earnings. Apple helped lift the Nasdaq, boosted by optimism around increased investment in domestic manufacturing. McDonald’s shares rose after the fast food giant returned to sales growth, thanks to popular budget meal deals. Yet not all earnings impressed. AMD slipped as China concerns overshadowed its upbeat AI outl...

Aussie stocks cracked fresh record highs today, with the ASX 200 lifting past 8,800 points for the first time ever. Markets are buoyed by optimism around US rate cuts and easing trade uncertainty, even as Trump’s new tariffs come into effect tomorrow. Meanwhile, a tagging error by the ASX sparked confusion for TPG Telecom, and gold stocks rallied on the final day of the Diggers and Dealers f...

Wall Street ended lower overnight, surrendering early gains as investors weighed fresh signs of ‘stagflation’. In corporate news, Caterpillar revealed the impact of tariffs on its earnings, while Donald Trump announced plans to lift tariffs on pharmaceutical and semiconductor imports. Meanwhile, Tesla shares dipped on weaker sales in Europe, and oil prices fell for a fourth straight se...

It has been the best day in two weeks for the Aussie market as it once again neared a record high.  Laura and Stevie reflect on this session that saw all 11 sectors with improvements, the part that US jobs data may have played in investor sentiment and discuss the winners and losers with 9 in every 10 stocks seeing gains.  Telix Pharmaceuticals fell the most today, Austal gained attentio...

Wall Street notched its best day since May, with the S&P 500 jumping 1.5% as weaker US payrolls boosted hopes for rate cuts. Investors took the soft jobs data as a sign that the Fed may ease policy sooner than expected. Meanwhile, Tesla rallied after news of a $30 billion pay deal for Elon Musk, while Spotify shares climbed on news of premium subscription price hikes. In retail, American Eagle...

A quiet start to the week on the Aussie market as a bank holiday in NSW keeps trade light, but gold miners shine as the price of the precious metal surges. With reporting season now underway, Beach Energy stood out after announcing a record dividend, while BlueScope Steel slipped despite outlining plans for a potential green steel play in Whyalla. Meanwhile, ANZ led the big banks lower, and energy...