CommSec Market Update

The ASX saw modest movement today, briefly hitting a new record high but largely treading water ahead of key events. The US Federal Reserve's much-anticipated decision on a potential rate cut is expected to significantly impact global markets, with a possible 50 basis point reduction under consideration. Australian jobs data, set to release tomorrow, will also be closely monitored. On the corporat...

Anxiety is building ahead of the U.S. Federal Reserve's upcoming rate cut decision, which Ryan has liken to a ‘coin toss’. U.S. Treasury yields rose after a strong retail sales report, while both the S&P 500 and Dow Jones notch all time highs. Microsoft shares surged following the announcement of a $60 billion share buyback program. In contrast, Accenture, the worst performer on the S&P 50...

Stevie joins Laura again today as the Aussie market improved for a fourth straight day that broke record highs.  With a US rate cut imminent they discuss the impact that this is having on the market, break down the performance of the sectors with most seeing only slight gains, and talk through the companies trading ex-dividend.  They look at the stocks that were on the winners and losers list for...

Wall Street braces as US interest rate futures indicate higher odds of a supersized Fed move. US two-year Treasury yields hit their lowest level since September 2022. Technology stocks were under significant pressure last night, with Apple being the worst performer on the Dow Jones, as its shares fell due to signs of soft demand for the new iPhone 16. In commodities, Goldman Sachs cut its iron ore...

Laura is solo today on a positive start to the week for the Aussie market as it has continued to flirt with a record high.  Laura reflects on the session which did lose steam as the day went on, discussing investor sentiment amid a sea of international volatility, and unpacks the economic data that we saw out of China this weekend.  She talks through the stocks that saw the biggest movements today...

Join Tom and Ryan as they discuss the upcoming week in Australian and global markets. Last week, Wall Street had its best performance of 2024, following its worst week just prior. The world now braces for a potential Fed easing after a 36-hour rate rollercoaster. Meanwhile, Walmart shares rallied to an all-time high. Locally, gold hit a record high and Aussie shares are expected to test their own...

The Aussie market came close to a record high before losing momentum, ending the day up just 0.3%. U.S. inflation data suggests a likely 25 basis point rate cut by the Fed next week, which could spark global market reactions. The Australian market saw mixed sector performances, with materials leading gains due to higher commodity prices, while financials lagged. Gold miners surged after a record h...

Join Tom and Ryan as they discuss Wall Street's recent performance, highlighting positive trends in the US markets and the impact of inflation data. They also explore how producer price data suggests a smaller US rate cut may be on the horizon. Meanwhile, Nvidia continues its tech rebound, and European shares rise following an interest rate cut by the European Central Bank. Closer to home, Aussie...

The Aussie market had a strong day with all sectors posting gains, pushing the ASX 200 close to its best day in four weeks. This upward trend followed a mixed U.S. inflation report that eased recession fears, boosting global markets. Tech stocks, led by WiseTech, reached record highs, while energy stocks rebounded slightly due to rising oil prices. Financials and materials saw mixed results, with...

Technology stocks led Wall Street higher despite a mixed inflation report, with Nvidia spearheading the rebound following the post-CPI sell-off. The world's largest lithium miner surged on production cuts in China, while oil prices jumped as a U.S. Gulf hurricane spurs a short covering. BHP is trading ex-dividend today, and Australian shares are expected to rise ahead of the Commonwealth Bank's ho...

The market was flat for the majority of today but dipped slightly toward the end of the session ahead of upcoming inflation reports.  Laura and Stevie unpack what could be expected there and how that data could move markets locally.  They discuss the stocks that saw the largest moves with some of the best performers of late having been some of the worst today, investigate the company news that mov...

Wall Street has seen mixed results as investors remained cautious ahead of key inflation data. JP Morgan led a bank sell-off after tempering revenue expectations, while Tesla, Oracle, and Nvidia pushed the NASDAQ higher. Oil prices settled near a three-year low due to a weak demand outlook. Meanwhile, Australian shares are expected to edge higher on Wednesday ahead of the RBA economic update and d...

Laura and Stevie are back on a day which saw a slight lift.  Consumer confidence data and discussions around rate changes start the podcast today, and they reflect on the international movements that impacted local markets with data out of China under the microscope and US performance potentially playing a part.  With most sectors in the green there was fresh records to be seen today, and Apple wa...

US investors pounce on discounted stocks, leading to a rebound in the market. Apple unveiled the iPhone 16 yesterday, showcasing its new AI features. Oil prices edge higher as a hurricane approaches the US Gulf Coast while iron ore ended its six-day losing streak amid hopes for Chinese stimulus. Locally, Aussie shares are expected to rise ahead of business and consumer confidence surveys. The cont...

The market dipped slightly today but it could have been worse as Laura and Stevie report.  They reflect on a session which bounced back from some of the earlier declines looking into what drove those early drops.  US data is in focus with jobs and interest rate decisions in the conversation, and Chinese business and consumer data spoke of a slow economy.  Laura and Stevie unpack the impact that th...

Wall Street slumps as investors worry over weakening job growth and debate the potential for larger rate cuts ahead of key inflation data. Technology stocks were hit hard, with the NASDAQ dropping 6% last week due to growth concerns. Apple’s annual iPhone event, launching the iPhone 16, begins today and is a key event to watch. Locally, the ASX 200 is expected to open 1% lower on Monday, with ener...

The ASX saw a slight recovery today, however, global markets remain nervous ahead of the key U.S. non-farm payrolls report tonight, which could influence interest rate decisions and recession fears. This week, energy and mining stocks in Australia had their worst week of the year, weighed down by lower commodity prices, ex-dividend trades, and concerns over slowing economies in the U.S. and China....

Wall Street has seen mixed results as weak employment data weighed on sentiment, with U.S. private payrolls falling to a three-and-a-half-year low. Ryan also previews the highly anticipated U.S. government payroll data set for release on Friday. In company news, Tesla is preparing to launch a new drive-assist system in China and Europe. Meanwhile, oil prices remain at a 14-month low due to demand...

The Australian stock market managed a modest rebound, with the ASX 200 rising slightly after a significant drop yesterday. U.S. job market data remains pivotal, influencing global markets amid recession fears. Data center stocks surged following a landmark acquisition deal for Air Trunk, highlighting growing demand for data storage amid AI advancements. Meanwhile, energy stocks took a hit due to e...

Wall Street struggles to find composure amid lingering growth concerns. Nvidia is in the spotlight after reportedly experiencing the largest single-day market cap drop in history. Commodities remain under pressure, including oil, which has slumped to its lowest levels since late 2023. Locally, Aussie shares are expected to open flat on Thursday ahead of a key speech by Reserve Bank Governor Michel...

Laura would rather ‘stare directly into the sun’ than look at the market today.  An odd admission, but one fuelled by the poor performance of the Aussie market which saw significant declines following drops in the US market.  Data out of China also weighed on the market so they discuss this, and look at the local economic data that played a part.  With all 11 sectors down they look at their indivi...

Wall Street took a sharp downturn, experiencing significant sell-offs driven by growth concerns, reminiscent of August's market drop. Nvidia shares plunged 10%, leading chip stocks to their worst day since March 2020. The sell-off also impacted commodity prices, with oil slumping 5% amid hopes for a resolution to the Libyan dispute, and copper falling to a two-week low on concerns about Chinese de...

It has been a quiet start to the month after a rocky August, with Laura describing the session today as ‘directionless’ with the US market shut.  Laura and Stevie look at the performance of the sectors which was evenly split across gains and declines with materials and consumer staples seeing some losses.  They look at the stocks that caught their eye as CBA hits record highs once again, discuss t...

Northern hemisphere markets remain neutral as Wall Street celebrates Labor Day. German stocks reached a record high despite its ongoing political uncertainty. Meanwhile, Rightmove shares surged following REA Group's bid, while iron ore experienced its steepest decline in two years. Locally, Aussie shares are expected to open slightly higher, ex-dividend stocks are in focus and the Aussie dollar ha...

It was a mixed performance for the Aussie market today with reporting season having come to a close.  Laura and Stevie reflect on a session which started with declines but gradually clawed those losses back to finish in the green.  They reflect on the performance of the last month and look at the stocks that drove the gains today.  They dive into the performance of each of the sectors, Gold prices...