CommSec Market Update

The market raised slightly today following the tumbles that we saw yesterday.  Laura and Stevie reflect on this ‘shocker’ of a performance and the pause for thought that we saw today.  The height of gold prices has the commodity and gold stocks in focus which they unpack, and they look at the performance of each of the sectors which have seen moderate moves with tech doing the worst.  QBE Insuranc...

Wall Street stalls as investors digest earnings results, while bond markets stabilise following a sell-off driven by expectations of slower U.S. rate cuts. In corporate news, tobacco giant Philip Morris hit record highs on surging demand for its Zyn brand. Additionally, General Motors saw its stock soar on steady profits and an improved full-year outlook, marking its best day of the year. Meanwhil...

The market was a sea of red today in what was the worst day since early September.  Record highs have been the story of late, but Laura and Stevie unpack the turnaround that we saw today and the key reasons that we may have seen those declines.  The upcoming US election is in the discussion, as are interest rate discussions once again, and they discuss the data to expect in the days ahead.  The se...

Wall Street retreats from record highs as investors await additional earnings reports due later in the week. U.S. 10-year Treasury yields reached a 12-week high, reflecting confidence in a strong U.S. economy. Biotechnology company CSL is holding an investor day today, while toll road operator Transurban is set to release its quarterly update. Oil prices rose 2% amid Middle East tensions, and gold...

The market has recouped most of the losses of late last week today with 8 out of every 10 stocks seeing gains.  Laura and Stevie reflect on the last two weeks of ongoing improvements and the sectors that performed well today with only tech stocks seeing declines.  Gold has hit a record high and so they unpack this, and looking at the other side of the coin they discuss the stocks that saw declines...

Wall Street has ended the week with new record highs, marking the sixth consecutive gain for the broader U.S. market. Earnings season is in full swing, and strong reports, such as Netflix's 11% surge to a record high after beating analyst estimates, have boosted investor confidence. Additionally, rising iPhone sales have lifted Apple shares. Meanwhile, oil prices slumped despite ongoing tensions i...

The Australian market declined after mixed data from China today, Australia's largest trading partner. Despite reaching record highs earlier in the week, the market is set to lose those gains due to concerns over China's economic performance, particularly in property investment and GDP growth. Domestically, financials led sector gains, while energy and utilities suffered. Key stock movements inclu...

Wall Street consolidates on signs of a strengthening U.S. economy, with retail sales as a key highlight. U.S. bond yields surge as traders scale back expectations of Fed rate cuts. In Europe, German shares reach record highs after the ECB lowers interest rates. Meanwhile, Aussie shares are set to decline as a robust job market dashes hopes for an RBA rate cut. The content in this podcast is prepar...

The ASX200 hit a new record high, up 0.7%, marking the second record this week, despite stronger-than-expected jobs data. The Australian labor market added 64,100 jobs, far exceeding expectations and dampening hopes for an imminent rate cut, now more likely in early 2024. While most sectors performed well, materials and tech stocks saw declines, though financials provided solid support, with AMP s...

Wall Street recovers as buyers return to the market following yesterday's retreat. The transport sector saw significant gains, with Morgan Stanley's United Airlines surging after strong earnings, marking its biggest rise since 2020. Tech stocks remained flat after yesterday's plunge, with ASML, which led the chip stock decline, dropping another 7%. Meanwhile, the U.S. dollar hit a 10-week high on...

The Australian market pulled back slightly from its recent record high, following a decline in U.S. markets. Financial and property sectors were the only ones in positive territory, buoyed by strong earnings from U.S. banks. Bank of Queensland shares surged 6% despite mixed results, while Baby Bunting rose after brokers raised their price targets. The tech sector took a hit, driven by concerns ove...

Wall Street ended lower yesterday, weighed down by a sharp decline in chip stocks, with ASML logging its largest one-day drop in 26 years. According to a BofA survey, global equity optimism is rising, with expectations of avoiding a recession. Meanwhile, Apple shares reached a record high following the announcement of a new iPad mini. Oil plunged 4% as concerns over Iran supply disruptions eased,...

The Australian stock market reached new record highs, driven by gains in the materials and financial sectors. Financials have been a standout performer, up 25%, while miners continue to lag behind, down 8%. Energy stocks struggled, reflecting a global easing in oil price fears. Notable company performances include HUB24, which hit an all-time high due to record inflows, and Baby Bunting, which des...

Technology stocks lead Wall Street higher as investors await earnings reports. In the U.S., bond markets are closed Monday for Columbus Day. Nvidia has reached new record highs, boosting chip stocks, while oil prices slumped as OPEC lowered its demand forecast. The U.S. dollar hit a nine-week high after China’s lending and trade data fell short of expectations. Closer to home, Australia’s AGM seas...

The week has started off well coming close to a record high following a strong performance from US markets.  Laura and Stevie unpack the mixed performance of the sectors with mining stocks the standouts today and look to what to watch in the week ahead with a lot of data and information that could impact local markets.  They discuss the company announcements that came out today including news out...

The broader U.S. market has reached a new record high for the 45th time this year, driven by gains in bank stocks. JP Morgan rose 4% on encouraging earnings, providing a boost to Wall Street. In corporate news, Tesla shares plunged nearly 9% after a disappointing Robotaxi event, while Uber surged 11% on a surprise earnings report, hitting an all-time high. Meanwhile, investors remain cautious afte...

It was a quiet session today but the week still looks set to finish higher.  Unpacking the session solo Laura reflects on a week that has seen record performances, following suit with US markets which were fuelled by inflation numbers that came in higher than anticipated.  Laura deep-dives into these inflation figures, the stocks that caught her attention today, and looks to what could move market...

U.S. CPI rises more than forecast, stalling inflation progress, while jobless claims hit a yearly high due to Hurricane Helene. AMD launches an AI chip to rival Nvidia. Oil prices surge 4% amid U.S. storm impacts and Israel-Iran tensions, while copper rebounds ahead of expected China stimulus. Meanwhile, Aussie shares are likely to end the week lower due to uncertainty around China's fiscal polici...

Aussie stocks rebounded today with the ASX200 up by roughly a third of a percent, nearing a record high, despite some midday fading. Mining and energy sectors led the charge, fuelled by hopes for Chinese stimulus and Rio Tinto's $10 billion acquisition of Arcadium Lithium, its biggest deal in 17 years. Lithium miners surged, with Arcadium's shares up 39% and optimism spreading across the sector. I...

The S&P 500 is steadily approaching record highs, driven by gains in technology stocks as investors largely shrugged off geopolitical concerns in the Middle East. The Federal Reserve's meeting minutes revealed a robust debate over the size of the September rate cut, while U.S. 10-year Treasury yields have risen for six consecutive sessions. In corporate news, Alphabet shares dropped amid a his...

The market has edged slightly higher today with declines coinciding with those seen on the Chinese market.  Laura and Stevie unpack this performance which saw local markets run out of steam as the session went on, and how the resource space was impacted.  Many of the sectors saw improvements today in excess of 1%, oil and iron ore prices are in focus, and they look to the things to watch including...

A rally in the world’s largest tech companies is driving stocks higher today, with the market rebounding from its worst session in a month. U.S. Treasury yields have stabilised as traders anticipate gradual Fed rate cuts. Meanwhile, PepsiCo has lowered its revenue outlook as North American consumers cut back on snacks. Oil prices have dropped amid the prospect of a ceasefire in Lebanon, while Chin...

The Aussie market started flat today before progressing into a ‘choppy’ session.  US markets were down overnight in response to jobs data, Laura reflects on this and the impact that this had on local markets, and China is in focus once more amid disappointment around further stimulus packages.  Laura unpacks the performance of each of the sectors, the latest RBA minutes regarding interest rate cut...

Wall Street technology stocks are under pressure as expectations for Fed rate cuts diminish. Oil prices rise 3% due to increased Middle East war risks, while insurance stocks plunge as Hurricane Milton intensifies to Category 5 near Florida. In China, markets reopen after Golden Week, with iron ore advancing on hopes for further China stimulus. Locally, the RBA is set to release its September meet...

The market started off flat today but has shot higher as the session went on ultimately recouping many of the losses of last week.  US data at the end of last week gave a positive lead in to the session and Laura and Stevie unpack this.  Four of the 11 sectors have seen declines but these are being counteracted by the performance of the financial sector, lithium miners are among the best performer...