CommSec Market Update

Wall Street ended the week sharply lower, dragged down by weak economic data and renewed concerns over U.S. growth. July’s jobs report disappointed, with just 73,000 positions added, well below expectations and fueling fears of a slowdown. Markets are now increasingly pricing in a possible Fed rate cut in September. In corporate news, Amazon shares slid after quarterly earnings failed to mee...

The long-awaited tariff deadline has landed today, and the market has dropped in response.  This decline has wiped out the gains from prior in the week, and Laura and Stevie unpack what unfolded with the Trump administration revealing multiple tariffs.  Australia’s tariff was low compared to other countries, even New Zealand being given a higher tariff, and Canada has seen a tariff...

Wall Street retreated overnight despite upbeat earnings from major tech stocks. Microsoft hit a $4 trillion market cap after beating earnings expectations, while Meta seized the moment to ramp up its aggressive AI spending. Elsewhere, eBay shares jumped on signs of consumer resilience, but Amazon's gloomy earnings forecast weighed on its stock. Adding to the cautious sentiment, US inflation picked...

The month has ended up overall.  Laura and Stevie reflect on four months of improvements despite the local market dropping slightly today.  US interest rates are back in the conversation and trade deals remain in focus with South Korea the latest to make a deal and the deadline set for tomorrow with many still to announce deals.  Locally, only two of the sectors fell today, and it w...

Wall Street closed lower as Fed Chair Jerome Powell tempered expectations for a September rate cut. The Federal Reserve held interest rates steady despite pressure from President Trump, reinforcing a cautious stance amid resilient economic data. In corporate news, Microsoft and Meta both surged in after-hours trading following stronger-than-expected earnings results. In contrast, Freeport-McMoRan...

The Aussie market surged after quarterly inflation came in softer than expected, pushing interest rate cut odds beyond 100% and leaving the ASX just four points shy of a record high. Property trusts, consumer stocks, and financials rallied, while standout moves included gains for PolyNovo, Pilbara, and DroneShield. On the flip side, IGO tumbled on production issues. Plus, we look ahead to US rate...

Wall Street snapped a six-day winning streak overnight, as investors turned cautious ahead of the highly anticipated Federal Reserve meeting. Industrials led the declines on the S&P 500, with UPS plunging after a disappointing earnings miss. The Dow Jones was weighed down by UnitedHealth, which slumped following a downbeat outlook, while Whirlpool shares tumbled amid delays to expected tariff...

The market has tread water again today only inching slightly higher toward the end of the session, likely fuelled by the fact that we are in for a huge amount of potentially market moving events to end the week.  Among those events are trade deals and deadlines as negotiations continue, and more company news.  The majority of sectors saw modest gains with the energy sector the best perfo...

Despite a cautious mood, US stocks held near record highs, while the US dollar recorded its biggest jump since May as trade jitters eased. Super Micro Computer surged on optimism around China-US trade relations, and Nike shares climbed following a broker upgrade, with analysts urging investors to "just buy it" ahead of the Soccer World Cup. In Europe, Heineken shares slipped after the company flag...

The Aussie market edged higher to kick off what's shaping up to be one of the biggest weeks of the year, with major earnings, inflation data and a US rate decision all on the radar. Boss Energy crashed 43% after a shock downgrade, while lithium miners tumbled despite bullish broker calls. WiseTech named a new CEO, Helloworld soared 14% on a surprise upgrade, and Bellevue Gold fizzled after early g...

Wall Street closed the week at fresh record highs, driven by strong corporate earnings and easing concerns about interest rates. Among the earnings standouts, gold miner Newmont surged after posting record quarterly results. Meanwhile, interest rates continued to moderate ahead of key jobs and inflation data due later this week. Back home, Aussie shares are expected to open the week lower, with in...

The Aussie market slipped on Friday as miners gave back gains and financials dragged, capping a choppy week that saw markets flirt with record highs. Energy outperformed thanks to rising oil prices, while Newmont hit a fresh high and CSL lifted healthcare back into positive territory for the year. AMP pulled back despite strong earlier gains. With inflation data, retail trade, central bank decisio...

It was a mixed bag of earnings overnight.  Tom and Ryan unpack the US session with bond yields increasing while the US dollar dropped, and the S&P 500 and Nasdaq closing at record highs.  Alphabet and Tesla again dominated the conversation, and energy stocks have seen gains amid a climb in oil prices.  Ryan shares expectations around upcoming rate cuts amid unexpected employment...

The Aussie market snapped its winning streak despite a strong US lead, with the ASX200 turning lower after RBA Governor Michele Bullock warned inflation may not fall as quickly as hoped. That cast doubt over an August rate cut, even as markets still expect it. Fortescue jumped on record iron ore shipments, while Bapcor plunged 29% on a profit warning. CSL helped lift healthcare, the only sector in...

Encouraging trade news and earnings numbers that have bettered expectations have resulted in new record highs for the US market overnight. Tom and Ryan reflect on the earnings and updates from Tesla, and the performance of Alphabet.  Lamb Weston was a top performer overnight, and GoPro and Krispy Kreme seem to be being fuelled by retail obsessed Reddit investors.  NVIDIA beat earnings ex...

The Aussie market climbed around 0.75% on Wednesday, edging closer to another all-time high. Gains were broad-based, with banks rebounding and miners extending their rally to a fifth straight day. Materials are on track for their best week since September last year, while energy stocks rose on strong results from Woodside. Ampol and Iluka also impressed, while Paladin sank 11% on ambitious guidanc...

Tech names underperformed last night but there was ultimately little change across the broader market.  Tariffs continued to gain attention with the US and Philippines coming to a tariff agreement and General Motors seeing a hefty decline, and earnings data has investors on tenterhooks with Alphabet and Tesla set to be examined closely.  Lockheed Martin made headlines following their ear...

The market has tread water today with the banking and mining sector heading in opposite directions.  Laura and Stevie reflect on a session which started in the green, but quickly faded as the day went on.  They discuss the part that trade deals may be playing in the consistent market performance, and how upcoming profit reporting could move markets.  Insignia Financial caught attent...

Wall Street briefly touched new record highs overnight, but those gains faded by the close as investor sentiment shifted on renewed trade uncertainty. Communication stocks led early momentum, boosted by better-than-expected earnings, with Alphabet climbing nearly 3% ahead of its results. However, energy stocks dragged on the broader market, plunging as oil prices declined. In contrast, iron ore pr...

The Aussie sharemarket kicked off the week on the back foot, with a sharp decline wiping out much of Friday’s record-setting rally. Financials were the biggest drag, particularly the big four banks, while energy and materials helped cushion the fall. Block, Inc. surged over 11% after news of its addition to the S&P 500, and AMP shares rallied following positive superannuation inflows. Li...

U.S. stocks closed the week on a mixed note as investors weighed the next steps on trade tariffs. In company news, 3M slumped on concerns about the impact of tariffs, Charles Schwab slipped despite reporting higher earnings, and Netflix fell 5% as investors looked past its strong results. Across Europe, talk of higher tariffs weighed on sentiment and dragged stock prices lower. Back home, futures...

The Aussie market has done it again!  Laura and Stevie excitedly join us today for an update that saw the Aussie market continue to push higher following the record already set yesterday.  They speak through the session which marks the best in around three months with all 11 sectors in positive territory, healthcare, materials, and financials saw the largest gains, and Mesoblast was the...

Wall Street surged to new record highs overnight, buoyed by strong earnings results and upbeat economic data. Better-than-expected retail sales figures lifted investor sentiment, while financial stocks led gains on the back of improved earnings. The world’s largest chipmaker, TSMC, also rose after posting stronger-than-forecast results, adding further momentum to the rally. Meanwhile, Europe...

The market has set a new record high today with a boost that recovered the losses of yesterday.  Laura and Stevie monitor this record move in real time, discuss the session, and the upcoming days with a number of companies set to release earnings results including Netflix.  Locally all eleven sectors saw improvements today with financials and interest rate sensitive areas seeing gains, a...

Wall Street rebounded after mid-session volatility, buoyed by reports that President Trump has discussed replacing Fed Chair Jerome Powell. In corporate news, Johnson & Johnson shares surged after the company posted better-than-expected earnings, while bank stocks were mixed despite also reporting strong results. On the data front, producer inflation came in below market expectations, promptin...