CommSec Market Update

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...

Encouraging signs of easing inflation have lifted rate cut hopes and sent US markets to fresh record highs. Investors were further buoyed by comments from the US Treasury Secretary highlighting progress on rare earth mineral agreements. Meanwhile, a tentative ceasefire in the Middle East has kept gold prices subdued, while oil stabilised after recent sharp declines. Closer to home, the ASX 200 is...

The market has not managed to crack the record high today with the session starting strong but ultimately dropping slightly as the day went on.  Steve is solo today to unpack the session and to reflect on a week that has been dominated by international news.  Materials gained ground today with Pilbara Minerals being one of the big winners, property stocks took a hit, and Steve looks to t...

Hopes for lower interest rates pushed US stocks to record highs overnight, with falling yields providing a particular boost to technology shares. Economic data added to the dovish outlook, as first-quarter GDP was revised lower on soft consumer spending, while durable goods orders unexpectedly soared in May. The US dollar fell to a three-year low against the euro and sterling, and bond markets ral...

It has been another quiet day for the ASX today with this being the second day where the market has paused for breath with investors likely monitoring the current ceasefire.  Steve is solo today to discuss tweaks and modernisation to the ASX system bringing it more in line with international markets, to unpack how the sectors performed with energy and mining seeing minor gains, and tech being...

Wall Street ended broadly flat overnight, supported by strength in tech stocks and optimism over potential rate cuts. Nvidia hit a fresh record high, reinforcing its status among the world’s most valuable companies. Gains were capped after Fed Chair Jerome Powell flagged signs of rising inflation, keeping markets cautious. Meanwhile, FedEx shares dropped after the company withheld full-year...

Off the back of a session yesterday where the market saw gains and neared a record high the session today has been more reserved and remained mostly flat, ultimately floated by the banks.  Mining and energy have seen drops today with commodity prices falling heavily, and Steve reflects on how international markets have performed.  Virgin Australia shares continued to surge today continui...

Global markets rallied and investors celebrated after news of a ceasefire between Iran and Israel. The Dow Jones jumped 500 points, the S&P 500 edged near record highs, and the NASDAQ 100 hit an all-time high, helped by falling bond yields following comments from Jerome Powell. Oil prices tumbled 6% on the ceasefire news, and gold dropped 2% as demand for safe havens faded. Cruise operator Car...

The Aussie market has pushed higher today recouping the modest losses of the past five sessions.  Steve discusses this session and the part that geopolitical tension de-escalation may have played in this boost that sent most of the sectors higher.  He discusses the winners and losers with energy stocks seeing some declines amid oil price movements, and the return of Virgin Australia to t...

Global equity markets seesawed as investors weighed the latest geopolitical developments, with some relief following Iran’s measured response easing immediate tensions. Adding to the positive tone, a growing chorus of dovish signals from the Federal Reserve raised hopes of potential interest rate cuts, helping the broader U.S. markets rebound. In corporate news, Tesla shares surged on the ro...

The Aussie market has followed the recent losing streak and entered the fifth day of declines today, but the declines have been modest.  Stevie is solo today to unpack this recent performance following the US attack on Iran and discuss the uncertainty surrounding what could happen next.  Most of the sectors are in the red today, but energy stocks have lifted today amid a higher oil price...

Global markets are bracing for volatility following U.S. military strikes on Iranian nuclear facilities, prompting a flight to safe-haven assets such as gold and the U.S. dollar. Elsewhere, cryptocurrency markets are also under pressure, with Ether experiencing a sharp decline in early trading. Meanwhile, oil prices are expected to surge in response to escalating tensions, placing both oil and gol...

The market has remained mostly flat for over a week now as war continues in the Middle East.  Stevie is solo to reflect on this cautious market sentiment and recap the events and data that have kept markets flat.  Energy stocks were some of the best performers today with mining some of the worst, and Steve unpacks the sectors which locally were a mixed bag.  Uranium miners took a hi...

Both US and European markets ended lower amid rising geopolitical concerns, with US financial markets closed for a public holiday. In Europe, central bank actions drove sentiment: the Swiss National Bank surprised markets by cutting rates to zero, while the Bank of England held steady as Norway’s central bank also delivered a rate cut. Meanwhile, oil prices surged nearly 3% as tensions escal...

The market has remained completely flat today following seven days of almost no moves at all.  Stevie is solo to reflect on the cautious week and this sluggish session, likely fuelled following a flat US session and ongoing tensions in the Middle East.  Many sectors are in the red today and energy was an underperformer.  He talks through the stocks that moved the most with WiseTech...