CommSec Market Update

US markets were up overnight, and that performance seemed to help things locally.  Laura and Stevie unpack the US data which saw the Aussie market up at one point close to 1% and explain how the materials sector limited those gains from going any further.  As earnings season continues they discuss the company news that we saw today, look at the best and worst performers, and what data to expect ov...

Wall Street celebrates as investors react to the latest inflation figures, with softer US producer prices boosting expectations for a rate cut. Technology shares outperform, led by Alphabet as Google unveils its new Pixel smartphones. Starbucks sees record gains following the appointment of a new CEO, while Home Depot faces a weak sales outlook. In Australia, shares are expected to rise ahead of C...

The market saw a modest improvement today as investors await a fresh catalyst and upcoming business data as early as tonight may be exactly that.  Laura and Stevie unpack the upcoming data and look at the performance of today in detail.  Today’s wages data failed to move markets and reflect on the performance of each of the sectors with healthcare dragging on the market.  They look at the best and...

Wall Street treads water as investors brace themselves for key corporate and economic events, most notably key inflation figures. Gold prices rise, while oil surges for the fifth consecutive session amid Middle Eastern tensions. Locally, investors brace ahead of key wages data and CSL earnings and the Aussie dollar strengthens following the overnight softening of the U.S. dollar. The content in th...

This week has started on a more positive note than what we saw last week on what Laura is calling “an impressive day”.  She is joined by Stevie to reflect on the performance that we saw last week and to discuss the gains of today.  Only two of the 11 sectors finished lower but these losses were counteracted by the positive performance of the remaining sectors.  They discuss the stocks that caught...

Wall Street ended last week with a slight gain after a volatile week, and Aussie shares are expected to recover some of last week's losses. The S&P 500 dipped slightly but was able to stabilize after a significant drop earlier in the week. The upcoming week will provide important economic data, including the US consumer price index, retail spending, and Australian jobs and wages data. Markets...

The Australian stock market ended the week on a positive note, with a 1.3% rise on Friday, partially recovering from a rough start earlier in the week which saw our largest declines in 4 years. The recovery was bolstered by gains across all sectors, especially tech and materials, and positive influences from U.S. markets and Chinese inflation data. Notable stock movements included a sharp rise in...

Wall Street surges as investors find comfort in the latest economic news. Positive data has tempered expectations for aggressive interest rate cuts by the US Federal Reserve. Eli Lilly's share price soared after its weight loss drug sales exceeded expectations. On the other hand, dating app Bumble stumbled to record lows due to disappointing outcomes and a failed strategy. Meanwhile, the Aussie do...

Aussie stocks saw a slight decline on Thursday, leaving the market on track for a significant weekly drop despite a calmer trading environment compared to Monday's sharp fall. Energy and mining sectors struggled, particularly with materials experiencing their fifth consecutive session of losses due to weak demand from China, pushing the sector to its lowest levels since November 2022. Notably, Wes...

Wall Street ended lower overnight as recent volatility continues to subside. The US Federal Reserve is unlikely to make an emergency rate cut, while US bond yields rose after a weak 10-year auction and heavy corporate supply. The Japanese yen slumped after the Bank of Japan talked down rate hikes. Disney shares also dropped as demand for theme parks weakened. The ASX is expected to slip, dragged d...

There were small gains for the market today as it slowly recoups the losses of Monday which was the worst day in almost four years.  Laura and Stevie reflect on this gain and look at the data that has aided it.  Japan is back in the conversation today as interest rates enter the discussion, The US looks to have another positive start to their next session, and they look at the sectors with a numbe...

Markets have found some calm after experiencing their worst sell-off in two years, which was caused by the unwinding of the carry trade. Comments by Fed officials have eased US recession worries, while Japanese shares posted their best day since 2008. Meanwhile, Australian shares are expected to dip after the RBA ruled out an imminent rate cut, with their hawkish commentary on inflation leading to...

The market has settled somewhat today after yesterday’s tumble which was fuelled by international data out of the US and Japan.  Laura is back with Stevie this afternoon to reflect on our recent local performance and to unpack the bounce back following the RBA’s interest rate decision.  They look at the sector performance across the board, discuss the biggest movers, and look at what could be ahea...

Wall Street experienced its third consecutive session of selling momentum, leading to a plunge in US stocks. The ASX is expected to open lower ahead of today's Reserve Bank interest rate decision. The 10-year US Treasury yield dropped to its lowest level in over a year, oil prices hit a seven-month low, and metal prices fell to a four-month low. Meanwhile, the Aussie dollar firms as the US dollar...

  Global markets faced one of their largest drops in years, with the ASX 200 experiencing it's steepest decline since May 2020. This drop follows disappointing economic data from the U.S., where slower-than-expected job growth and rising unemployment rates have raised concerns about an impending recession. Additionally, big tech stocks like Amazon and Intel posted significant losses, contributing...

Wall Street falls as investor fears shifted towards a slowing economy, with US recession concerns affecting the ASX. Technology stocks are under pressure as investors worry about the AI runway, and the NASDAQ has entered correction territory following weak US jobs reports. The ASX is set to open sharply lower, with oil prices hitting an eight-month low. The content in this podcast is prepared, app...

The Aussie share market experienced its worst day of the year, with almost 90% of stocks in the red. This decline followed two consecutive days of record highs and could be attributed to profit-taking by investors. The US market also saw a slump, particularly in technology stocks, due to disappointing economic data. Key events to watch next week include the upcoming US jobs data and the Reserve Ba...

Join Tom and Ryan as they discuss the week ahead in Aussie and global markets. Wall Street falls on growth concerns, while Amazon plunges 5% on weaker-than-expected results. The Bank of England cuts interest rates for the first time in four years, and European automakers struggle with earnings misses. The chip stock route resumes, and falling commodity prices weigh on the Aussie dollar. The conten...

After closing at a record high yesterday the market has continued to grow, starting the month with further gains.  Laura and Stevie reflect on the performance of local markets throughout July comparative to international markets, look at what inflation data and recent interest rate decisions could mean for rate cuts later in the year, and unpack the performance of each of the sectors with tech, pr...

Wall Street has reason to celebrate as the US Federal Reserve paves the way for a September rate cut. The S&P 500 and NASDAQ had their best days since February 22 of this year. Meta Platforms surged as sales surpassed estimates due to advertising growth, and oil prices jumped amid Middle Eastern tensions. Closer to home, Aussie shares are expected to start the month building on record highs. H...

The market has ended the month on a high with today being the best day of the entire year.  Laura and Stevie reflect on the performance of the local market over the past month where four record highs were recorded, and they look at how quarterly inflation data impacted investors today finally providing the much-needed catalyst that they have spoken of for the past few days.  They unpack how this m...

US technology names face selling pressure ahead of key earnings figures. Microsoft shares slide after slightly missing cloud revenue expectations. The Reserve Bank faces challenges with falling economic growth and rising inflation. US interest rates and Aussie inflation data are in focus, while chip shares fall as rotation into value stocks continues. Meanwhile, oil prices hit a seven-week low, an...

It was good news yesterday with gains all round but today those gains have been lost as the market struggles to find direction.  Laura and Stevie reflect on the performance of yesterday and how the local market today compared to US markets. With 7 in every 10 sectors locally dropping and energy and mining stocks weighing on the day the most they look at these losses in more detail, discuss the sto...

Wall Street consolidates ahead of key central bank decisions and a slew of company news. McDonald's same-store sales growth turns negative for the first time since the pandemic. Microsoft earnings will be in focus tonight and Tesla shares rise on analyst upgrades. UK interest rates are at their lowest levels since April, and commodity prices continue to slide, with oil down almost 2%. Locally, the...

With all 11 sectors seeing gains today the market has recovered from the losses of last week nearing another record high.  Roughly 75% of all stocks on the market saw increases with tech stocks performing the best, Laura and Stevie discuss this and look at the performance of the other sectors, and touch on the spike that the Star Entertainment Group has seen through this afternoon.  They unpack th...