CommSec Market Update

Wall Street consolidates as investors await the Federal Reserve's upcoming decision. On Friday, the Dow Jones marked its seventh consecutive day of losses, its longest losing streak since 2020. Meanwhile, AI-related stocks surged on optimistic forecasts, with Broadcom reaching a historic milestone by hitting a $1 trillion market cap for the first time. Tesla shares also gained momentum as the regu...

The Aussie market faced a downturn this week, dropping for four consecutive sessions and reaching a one-month low, despite hitting record highs just last week. The Reserve Bank of Australia’s dovish tone signalled potential rate cuts in early 2025, while unexpected jobs data added complexity to rate predictions. Chinese stimulus hopes buoyed materials stocks early in the week, but declines i...

US producer prices have seen a notable jump, driven by higher egg costs, though categories closely monitored by the Federal Reserve showed softer increases. Weekly jobless claims in the US rose unexpectedly, signaling potential shifts in the labor market. In corporate news, Adobe shares dropped as slower subscription spending weighed on investor sentiment. Meanwhile, in Europe, a trifecta of centr...

The market has taken a tumble today coinciding with an update on Aussie jobs growth with results which caught the market off guard and dropped expectations of a February rate cut.  Steve is solo today unpacking this data, and the upcoming data that could make all the difference around this decision.  There is a plethora of international happening including rate cuts internationally which Steve dis...

Wall Street experienced a strong rally as investors reacted positively to U.S. inflation data showing the largest consumer price gain in seven months. The NASDAQ reached a record high of 20,000 points, buoyed by impressive year-to-date gains in stocks like Nvidia and Tesla. Meanwhile, the European Union agreed on a new sanctions package against Russia, underscoring geopolitical tensions. In Canada...

The Australian market had a sluggish day, with the ASX down 0.8% for the week so far. Despite a lackluster performance, markets are awaiting key economic data, particularly U.S. inflation figures, which could influence share prices ahead of next week's interest rate decision. In Australia, the Reserve Bank's recent decision to hold rates has sparked speculation about potential rate cuts in early 2...

US markets remain stable as investors await key CPI figures, while Google makes headlines by claiming a significant quantum computing milestone. In contrast, Oracle shares are experiencing their worst trading day of the year following an earnings miss. Walgreens shares surged on reports that Sycamore Partners, a private equity firm, is exploring a potential acquisition of the pharmacy chain. Acros...

Join Steve and Laura as they unpack the day’s market movements, starting with a modest 0.3% dip on the ASX amidst a tug-of-war between sectors. Mining stocks surged 3% on optimism over potential Chinese stimulus, while tech and financials dragged the market down. The Reserve Bank of Australia held rates steady at 4.35% but hinted at possible cuts in early 2025, sending the Aussie dollar tumb...

Wall Street saw consolidation as investors awaited key inflation data while geopolitical and corporate developments drove market dynamics. Chipmaker Nvidia faced scrutiny amid a China probe, highlighting the escalating global tech war. In corporate news, Hershey's shares surged on speculation of a potential takeover by Mondelez. Across the Atlantic, European markets closed at a six-week high, buoy...

Aussie stocks started the week cautiously, with markets still hovering near record highs. Key drivers include US job data fuelling speculation of a fourth consecutive rate cut, and upcoming US inflation figures that could shift expectations. Locally, all eyes are on the RBA’s decision, with economists unanimously predicting rates will remain unchanged. Commodity sectors struggled, while property s...

Wall Street experienced mixed outcomes as November jobs data has given the Federal Reserve room to consider cutting interest rates. The S&P 500 notched its 57th record high of the year, while the Dow Jones lagged, with investors showing a preference for technology stocks. In company news, Lululemon shares soared following upgraded forecasts. Meanwhile, European markets advanced despite ongoing...

The Australian share market experienced a challenging week, with most sectors in the red and the ASX 200 down nearly two-thirds of a percent. Key factors include investor caution ahead of U.S. jobs data, which could influence interest rate decisions, and a postponed OPEC+ production increase due to weaker demand. Notable company movements included Iluka's 10% drop following cost blowouts, Collins...

Bitcoin has surged to a new record high, buoyed by news of Trump’s appointment, while U.S. jobless claims climbed to a one-month high during Thanksgiving week. In corporate news, Disney announced an increase in dividends, yet its stock price declined. Conversely, Brown-Forman, the maker of Jack Daniels, saw its shares soar on a stronger-than-expected forecast. However, Synopsys faced a downturn as...

The Aussie market saw a modest uptick today, gaining 10 points as it recovered a third of Wednesday's losses. Bitcoin made headlines, surpassing $100,000 USD amid hopes for lighter regulation, rising 40% since early November. Meanwhile, the U.S. markets hit new records across all major indices, fuelled by strong economic confidence. Locally, energy and mining stocks struggled, with lithium miners...

Wall Street is reaching new record highs, fueled by a surge in technology stocks, as optimism grows about the economy. Federal Reserve Chair Jerome Powell expressed confidence in the strength of the U.S. economy, adding to the positive sentiment. In company news, Salesforce shares soared following an earnings report that exceeded revenue expectations, while Foot Locker shares plunged due to a blea...

The market has dropped back slightly today following another record high yesterday.  Laura and Stevie reflect on this performance comparative to US markets and look at the international news which impacted overseas markets.  Rate cuts are back in conversation after expectations have been moved forward following economic data around household consumption, energy, mining, and tech were the only sect...

The Korean Won has depreciated sharply following South Korea’s president's declaration of martial law, adding to political uncertainty that has weighed on major companies like Samsung and Hyundai. Meanwhile, the S&P 500’s $11 trillion rally is beginning to show signs of fatigue. In Australia, public spending continues to support economic growth, though local shares are expected to slip after r...

The market has improved for a second straight day today with Stevie assuming that Santa has come early as he reflects on the recent local performance.  Laura addresses the state of the local sectors, and they unpack the stocks that caught attention with Star Entertainment being the top performer following their recent less than impressive performance.  They look at what to expect overnight ahead o...

Technology stocks are back in favour, driving Wall Street higher on the first trading day of the new month. Apple reached a fresh record high, while Super Micro Computers led gains in the Semiconductor Index. Meanwhile, Cyber Monday and robust online sales have provided a boost to the US retail sector. In Europe, political uncertainty, particularly in France, weighs on investor sentiment. Commodit...

December has started on a high following the second-best month of the year.  Laura and Stevie reflect on the performance of last month and dive into the performance of the US market which also has seen positive performances.  Property prices are in discussion today as is retail spending data with Black Friday having provided a boost.  They run through the stocks that saw the biggest movements toda...

Wall Street wrapped up a stellar November with strong gains, driven by optimism over lower bond yields, U.S. economic resilience, and expectations of a rate cut. The Dow rose 7.5%, marking its best month in a year, while the NASDAQ surged 6.2%, outpacing Australia's ASX 200, which gained 3.4%. Tesla led the charge in U.S. equities, climbing over 30% in November, while retailers were bolstered by r...

The Aussie market wrapped up November on a mixed note, dipping slightly by 0.1% but still securing its second-best month of the year with a 3.3% gain. Despite a sluggish day influenced by the U.S. Thanksgiving holiday, the materials sector led a late recovery, offsetting losses from other sectors. Highlights included Webjet's rollercoaster ride amid legal troubles, Star Entertainment's all-time lo...

US futures are showing positive movement as the Thanksgiving holiday approaches. In Europe, French bonds approached parity with Greek debt as the nation’s budget saga deepened, further straining French banks amid the ongoing fiscal crisis. Meanwhile, oil prices rose on escalating Middle East tensions, while gold retreated in thin holiday trading. Closer to home, the Aussie dollar climbed in subdue...

The Aussie share market hit its second record high of the week, marking the 15th for the financial year, with gains driven by financials and healthcare stocks. Key standouts included Pro Medicus, surging 9% on a $330 million U.S. deal, and Sigma Healthcare, up 50% this month following a Chemist Warehouse merger. Meanwhile, Star Entertainment saw its shares tumble nearly 5% amid ongoing revenue cha...

Wall Street saw sellers take charge as investors prepare for the Thanksgiving break. The bond market brought some relief, with interest rates falling as inflation figures came in softer than expected. Technology stocks struggled to maintain momentum, with the recent rally halting due to downbeat quarterly forecasts from Dell and HP, which weighed heavily on the sector. On a brighter note, retailer...