CommSec Market Update

The Aussie market snapped its winning streak on Wednesday, falling 0.8% in its worst session in around 10 weeks. Stevie and Laura break down the drivers behind the decline, including weakness in heavyweight sectors like materials and financials, and look ahead to tomorrow’s local jobs data and what it could mean for interest rates. They also discuss signs of rising inflation in the US, stron...

US and European markets closed lower as investors weighed fresh economic data and corporate earnings. Chipmakers like Nvidia posted gains after the US government lifted some sales restrictions to China, while bank stocks lagged due to disappointing results. Meanwhile, a stronger US dollar continued to pressure commodity prices. Back home, Aussie shares are expected to open lower on Wednesday, with...

The Aussie sharemarket surged today, coming within just seven points of a record high. All sectors except mining finished in positive territory, with tech stocks and CSL helping lead the gains. Laura and Stevie unpack a raft of Chinese economic data, including GDP figures that slightly beat expectations, and preview a busy 24 hours ahead with key US inflation data and major bank earnings due. Plus...

US and European stocks wavered overnight as investors weighed the impact of new trade measures. A 30% tariff on Mexican and European imports sent shares of European carmakers lower across the board. Despite early losses, US markets recovered, buoyed by optimism ahead of upcoming earnings reports and key economic data. In company news, Warner Bros. shares gained ground as the debut of the newe...

It has been another directionless session for the Aussie market but the week ahead may offer some direction.  Laura and Stevie unpack the session which has remained mostly flat and reflect on 14 days of similar performance.  Trump’s tariff plans continue to contribute to investor unease, South32 has dragged on the commodity space, and international trade data out of China showed an...

US markets ended the week lower, retreating from record highs as investors braced for the latest tariff developments out of Washington. In some company news, Amazon shares rose following its record-breaking four-day Amazon Prime sales event and DoorDash also saw gains after upbeat commentary surrounding its partnership with Domino’s. Back home, Australian shares are expected to start the wee...

It has been a quiet day for the Aussie market, but some rare earth stocks have been standouts.  Stevie is solo to reflect on the session which has seen very little movement as the market danced around a record high.  Stevie discusses the week which may have led to this cautious sentiment with rates remaining on hold, and Trump continuing to make tariff headlines.  Only the mining se...

Wall Street rallied overnight, with the S&P 500 and Nasdaq hitting fresh record highs as investors shrugged off tariff concerns. Delta Airlines boosted sentiment with an upbeat outlook, while Nvidia CEO Jensen Huang is now on track to surpass Warren Buffett in personal wealth. In corporate news, Nutella maker Ferrero is reportedly planning a $3 billion USD acquisition of Kellogg’s. Acros...

The market has reversed the losses of yesterday and is on track for the best day in more than two weeks.  Laura is solo to reflect on the session where the financial sector has performed well as have real estate stocks rebounding from the recent losses after th interest rate hold decision.  Lifestyle Communities continued to gain attention, as did Netwealth, and Trump’s potential 2...

Wall Street surged as trade concerns eased, with the tech sector—particularly the Nasdaq—leading the gains. Nvidia made headlines by becoming the first company to reach a $4 trillion US valuation, while renewable energy firm AES also saw a sharp stock jump amid takeover interest. However, geopolitical tensions persist, with President Trump unveiling a fresh round of tariffs targeting c...

Tariffs continue to lead the conversation today as Laura and Stevie unpack the worst day for the Aussie market in around 9 weeks.  Despite being the worst day, the market has once again not moved much, Trump has discussed a 50% tariff on copper which has seen copper stocks and gold prices take a hit, and he has continued to discuss tariffs on pharmaceuticals.  Property stocks have taken...

Wall Street stalled overnight amid a lack of investor conviction, with banks leading the declines as HSBC adopted a more cautious stance. US Treasury yields fell for a fifth straight session, while copper posted its best day since 1989 after President Trump vowed not to extend tariffs and toughened his stance on copper and drug imports. In company news, Moderna was the top performer on the S&P...

The market has dropped slightly today but the drops could have been more significant with the expected rate cut not coming to fruition.  Laura and Stevie discuss the shock decision, and the upcoming things to watch that could speak to a cut in August.  Tariff discussions continue to keep markets on edge, the sectors had mixed performance with consumer staples taking the biggest hit, and...

Wall Street pulled back from record highs as fresh trade concerns rattle investors. President Trump has announced steep tariffs on five countries, set to take effect from August 1st, sparking widespread market unease. Meanwhile, Tesla shed $68 billion in market value after CEO Elon Musk’s political ambitions unsettled investors. In contrast, European markets saw gains, buoyed by strengt...

Laura is back with Stevie today and kicks things off with some controversy discussing Trump’s tariff deadline not coming to fruition.  They unpack how this has and could move markets going forward, and address discussions of further tariffs.  A lift in expected oil production failed to have a dramatic impact on the energy sector, they address the moves across the other sectors with...

It was a subdued end to the week for U.S. markets, with Wall Street closed on Friday for Independence Day. Across the Atlantic, European stocks finished lower amid ongoing trade uncertainty. Meanwhile, oil prices are in focus ahead of an expected increase in supply from OPEC. Back home, Aussie shares are set to open flat after last week’s record highs, as investors await the upcoming RBA dec...

It has been another quiet session, but the market continues to hold its place near the record high.  Steve reflects on what has been 8 sessions of minimal movement for the Aussie market, but despite this it is the best week in two weeks and discusses the data and events that may have influenced this stagnancy.  Profit taking was noticeable within the mining sector, and the consumer discr...

Wall Street surged to new record highs as growth concerns faded, with tech shares leading the gains on the S&P 500. A surprise in US jobs data sent bond yields lower, prompting traders to scrap bets on a July rate cut. Meanwhile, optimism around the Trump tax bill helped avert a looming debt crisis. In corporate news, Nvidia’s market cap is approaching $4 trillion USD, underscoring the t...

Following a record high yesterday the market has paused for breath again today.  Steve reflects on a week which has ultimately continued to tread water as he discusses what investors could be watching as a catalyst for how markets move.  The local market today has seen the banks drop and mining stocks take on this difference.   Oil prices have continued to rise as have gold pri...

Wall Street climbed to fresh record highs, with the S&P 500 and NASDAQ lifted by renewed trade optimism. Nike shares surged on signs of progress in US–Vietnam trade talks, while Tesla shares rose despite a 14% drop in vehicle deliveries. Meanwhile, energy stocks gained ground as oil prices rebounded, and miners found support from encouraging Chinese economic data. In contrast, UK markets...

It is the best day of the week for the Aussie market as the ASX is on the cusp of cracking a fresh record high following 5 days of very little movement.  Stevie unpacks the session which has seen some enthusiasm returning to markets, discusses the US tax bill which made it through the senate overnight, and looks at the local sectors with gains almost across the board.  Oil prices pushed...

Wall Street consolidated overnight as investors weighed the potential impact of the so-called 'big beautiful bill' on the U.S. deficit. Economic data added pressure, pushing interest rate expectations higher. Big tech stocks came under pressure, with Nvidia down 3%, as investors rotated into small caps. Meanwhile, Tesla shares slumped as markets braced for a sharp decline in upcoming sales figures...

It has been a decent start to the new financial year for the Aussie market with the ASX managing gains through the session which ultimately relaxed as the day went on. Steve reflects on the financial year to deep dive on the best and worst performers across the 12-month window, unpacks how the sectors performed with materials, industrials, healthcare and the telcos seeing declines, and he calls ou...

Wall Street wrapped up the month, quarter, and financial year at record highs, posting double-digit gains over the past 12 months, fueled by progress on trade and growing expectations of lower interest rates. Financial stocks led the charge as major lenders passed the Federal Reserve’s stress tests, while Meta shares hit an all-time high amid an AI hiring blitz. However, energy stocks lagged...

It was a solid end to the financial year for Aussie stocks but the record high was again just out of reach.  Steve reflects on what was a ‘choppy’ session and reflects on the past financial year.  Some declines across the resource space stopped the market from reaching that record high today and Steve discusses this, the performance of international markets with the US seeing...