CommSec Market Update

The ASX200 started the week slightly lower, easing less than 0.2% despite soft Chinese economic data and a mixed US lead. Lithium and uranium miners topped the winners list after last week’s heavy losses, while gold stocks retreated following a strong six-week run. AMP and WiseTech also featured among notable movers. Looking ahead, investors will focus on local jobs data, ex-dividends, and a...

Wall Street posted weekly gains, thanks to some resilience from the Nasdaq, though U.S. equities lost ground in the final hours of trade as investors looked ahead to this week’s Federal Reserve decision. U.S. interest rates retreated from five-month lows, while European markets saw mixed moves after a French credit downgrade kept rates in focus. Back home, futures point to a weaker open for...

Aussie stocks have posted their best lift today since last Thursday, as Steve recounts the session that saw the ASX making up for the modest moves lower of recent days.  The strength of the US market had a part to play in this following their unemployment data, locally energy stocks continued to decline, and financials saw gains.  Ex-dividend trading continued for a number of stocks, gol...

Wall Street surged to fresh record highs as investors bet a Federal Reserve rate cut is all but certain. US core CPI rose in line with expectations, keeping the Fed on track to ease policy, while a spike in jobless claims in Texas pointed to ongoing labour market weakness. In company news, Paramount and Skydance are preparing a bid for Warner Bros Discovery. Elsewhere, the European Central Bank le...

The Aussie market has slid for a third time this week.  Steve discusses this session which reversed the small gains of Wednesday and discusses the catalysts likely to spark a US rate cut.  Locally healthcare and banking seen declines, and gold miners continued to gain attention with the precious metal on a tear.  PolyNovo has bounced back from the recent declines, defence contracts...

The S&P 500 and Nasdaq climbed to fresh record highs after U.S. wholesale prices fell. Bond yields also slipped on the softer PPI data, adding to market optimism. Elsewhere, Oracle shares surged the most since 1992 on major cloud contract wins, sparking a rally in other AI-related stocks, while Synopsys posted its steepest drop in three decades as trade tensions weighed on sales. Turning to co...

The ASX200 rose by a third of a percent, its first gain of the week, supported by banks after yesterday’s job cut announcements at ANZ and NAB. Lithium miners slumped sharply on news China’s CATL may restart production, while Iluka also tumbled on plans to halt WA operations. Nine of 11 sectors advanced, though energy stocks eased. Investors now look ahead to key US inflation data due...

Wall Street closed at record highs despite lingering economic concerns, as US payrolls were revised down by record levels. Additionally, Treasuries snapped their winning run as investors awaited key inflation data. In company news, Apple unveiled its iPhone 17 line-up, though shares slipped slightly, while Anglo American and Teck Resources agreed to merge in what will be the world’s second-l...

The Aussie market has fallen again today marking a poor start for September following the multitude of record highs in August.  Steve joins to discuss the US jobs market and interest rates, how France losing their prime minister is creating uncertainty in Europe, and the performance of the local sectors with only tech and consumer discretionary rising slightly amid a sea of red.  Gold mi...

Wall Street managed to stay afloat as falling long-term interest rates offset signs of weakening consumer confidence, which weighed on labour market expectations. Technology stocks led the gains, with Broadcom rising on news of an AI partnership with OpenAI, while Robinhood surged 15% after being included in the S&P 500. In Europe, debt concerns deepened as crisis-prone France slipped further...

The ASX200 slipped a quarter of a percent as energy stocks weighed, following weaker oil prices and an OPEC+ decision to lift output. Tech, healthcare and property trusts provided rare gains, while winners included DroneShield, Life360 and uranium miners. Attention now shifts to US inflation data released midweek and a likely Federal Reserve rate cut next week. The content in this podcast is prepa...

US stocks fell as concerns over a weakening job market weighed on sentiment, with unemployment rising to its highest level in four years. Long-term interest rates tumbled as traders priced in further rate cuts, while oil prices came into focus after OPEC announced a production increase. Elsewhere, Japanese bonds drew caution following the Prime Minister’s resignation. Back home, Aussie share...

It has been a challenging and volatile week, but the market has improved for a second day following the 4-day losing streak.  Steve reflects on this week penned as ‘one of the worst months of the year for markets’ and discusses the US data that could impact their interest rate decisions tonight.  Locally only consumer staples and energy stocks declined with all others in the...

Promising rate-cut expectations pushed Wall Street to fresh record highs, as weaker jobs data, including softer private payrolls, fueled hopes of the Federal Reserve easing and sent US bond yields lower. In company news, Broadcom delivered an upbeat forecast on strong AI demand. In commodities, oil prices eased as OPEC considered a potential output hike, while iron ore climbed to multi-week highs...

The market has rebounded today for the best day in around two weeks marking the end of a four-session losing streak.  US jobs data played a part in this as Steve discusses, and he unpacks the local improvements with almost all sectors seeing gains.  The banks saw strong improvements following their recent declines, Austal and NRW Holdings gained attention, and Domino’s saw a gain a...

Wall Street consolidated overnight, buoyed by rising hopes of interest rate cuts as signs of weakness in the job market shaped expectations. In company news, Alphabet shares surged after a court ruling on search, while Apple also gained on the back of the decision. Elsewhere, Macy’s lifted its outlook but warned of a fickle consumer. In commodities, oil eased as OPEC weighed another output h...

The ASX200 tumbled 1.9% on Wednesday, marking its worst day in five months and extending a four-day losing streak. Faster-than-expected local economic growth dampened prospects of a September rate cut, while global tariff uncertainty, France’s political turmoil, and rising bond yields weighed heavily. All sectors closed in the red, with banks hit hardest, though GrainCorp, Tabcorp and PECSA...

Wall Street stumbled into September, with US stocks falling as a ruling on Trump-era tariffs added to uncertainty. Bond market turbulence persisted as debt sales ramped up, while US manufacturing activity contracted for a sixth straight month. In company news, Warren Buffett said he was disappointed by the Kraft Heinz split, which weighed on its stock performance. In commodities, gold surged to re...

The Aussie market was under some pressure today following a subdued performance possibly led by the US market being closed for a public holiday.  This puts the ASX200 at the lowest levels in 2 weeks, Steve discusses the recent streak that could have played a part in this hesitancy, and how the swings of profit reporting season likely also had a part to play.  He unpacks the sea of red to...

With US markets shut for the Labor Day holiday, trading across the Northern Hemisphere was subdued. Still, Eurozone stocks closed higher on a defence boost, while European bond yields climbed ahead of a French confidence vote. Meanwhile, Novo Nordisk gained on optimism over heart disease treatments, and China’s factory activity expanded at its fastest pace in five months. In commodities, oil...

The Aussie market kicked off September on the back foot, with the ASX200 slipping to a two-week low as tech stocks dragged and major banks fell. Gold miners bucked the trend, surging on a stronger gold price, while Fortescue dropped after trading ex-dividend. Harvey Norman jumped on a profit beat and IDP Education extended its rebound, but Mesoblast and Mineral Resources weakened. With a wave of c...

US stocks retreated as investors weighed the latest inflation figures. Data showed US spending rose at the fastest pace in four months, while core inflation posted its biggest gain since February, prompting a more cautious tone. Still, the Dow Jones and S&P 500 notched their fourth straight monthly advance, while the Nasdaq extended its winning streak to five months. Back home, the ASX is set...

It has been a quiet end to the week and month for the Aussie market fresh off a barrage of record highs throughout August.  Steve breaks down the mostly flat session that marks the end of the Aussie reporting season, and reflects on the month with tariffs, earnings results, and trade discussions all impacting market moves.  Locally the sectors saw mixed performance with tech and energy s...

Wall Street climbed to fresh record highs overnight, with the S&P 500 hitting a new peak as Nvidia’s results fuelled the AI-driven rally. Strong US economic data, however, tempered expectations for near-term rate cuts. In commodities, oil gained as hopes for a Ukraine peace deal faded, while gold reached a five-week high as the US dollar weakened. Closer to home, Aussie shares are set to...

The market has remained mostly flat across this week despite some sizable intra-day swings.  Steve discusses Nvidia’s results which were released following the US close, and how those results could impact markets in the day ahead.  Locally, Steve discusses the inflation data that could hint toward rates not being cut in September and unpacks the sectors with energy stocks dropping...