CommSec Market Update

While Wall Street closes for a public holiday, markets await debt a ceiling handshake deal to pass through congress. Tom looks at a handful of European elections and how they may affect markets. In Australia Ryan keeps an eye on Wesfarmers who are hosting a strategy day. Plus the latest commodities and the AUD.  The content in this podcast is prepared, approved and distributed in Australia by Comm...

We’re back for another Monday evening update and the market has seen it’s strongest gains since April. 9 of the 11 sectors rose and the US debt ceiling has finally come to a tentative resolution. Miners and banks led the gains today and AI stocks remained in focus, topping todays winners list. IDP Education was today’s worst performer after competition ramped up due to a move by the Canadian gover...

Market relief after a breakthrough on the U.S debt ceiling issue overnight, and Tom looks at the ripple affects back here in Australia. Meanwhile A.I technology continues to drive markets higher with a focus on Intel. And Ford partners with Tesla to give customers access to EV superchargers.  The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities...

The market is celebrating the end of the week with a positive close. Mining stocks have bounced back after five days of losses but tech stocks were the clear winner of the week. Fisher & Paykel were the 2nd worst today after a decline in sales and buy now, pay later provider Humm has been hit with a stop order from ASIC. Finally, a look towards the upcoming weekend next week The content in thi...

Technology stocks lead Wall Street higher overnight with chip maker Nvidia forecasting revenue 50% higher than expected. U.S debt ceiling talks remain slow but progress has been made. A key U.S inflation indicator shows an easing annual growth rate. Plus this mornings commodity prices and AUD.  The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securitie...

The Aussie sharemarket fell by more than 1%, hitting a 2-month low and extending its losing streak to a fourth day. Treasury Wine Estates was the worst today after they had a drop in share price today after they announced they have seen a decline in sales this financial year. TWE is the parent company of popular wine brands including Penfolds and 19 Crimes. Debt ceiling conversations in the US and...

Another failed debt ceiling talk continues to affect the markets. Meanwhile the Federal Reserve raises concerns about lack of progress with inflation in the latest meeting minutes. Aussie shares are expected to tumble on Thursday with a host of AGM's in focus. Plus at look at how all of this affecting commodities as well as the AUD. The content in this podcast is prepared, approved and distributed...

Stevie and Laura are here to give you Wednesday’s closing market updates. The market closed in the red today, along with 8 of the 11 sectors. Webjet was a top performer today with their shares hitting a 3 year high following their annual profit announcement. Clothing retailer Universal Store was the worst on the All Ords today, citing that youth are spending less due to cost of living pressures. F...

Debt ceiling deadlock weighs on Wall Street once again. Tom and Ryan also look at under pressure European luxury good makers. In Australia travel agent Webjet releases its earnings. Plus the latest commodities and the AUD. The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take i...

Chief economist Craig James is back with Laura tonight for the closing updates. The market closed in the negative today and the debt ceiling talks in the US remain unresolved. Brain chip fell the most today with their largest single day decline for 2023 and Qantas was also down despite announcing an expected profit of 2.5 billion dollars. Finally, an update on the purchase offer between Silver Lak...

Tom and Ryan look to the U.S first where Wall Street remains pensive ten days out from debt ceiling default. China has banned the sale of U.S Micron Technology products citing a national security risk. Pfizer shares have rallied off the back of a new weight loss pill. Plus the team look at commodities and the AUD.  The content in this podcast is prepared, approved and distributed in Australia by C...

Stevie and Laura are here to give you today’s closing updates. The market is down again this Monday evening after ending last week on a high. Energy and tech were up but most other sectors fell. The buy now, pay later industry to be regulated and finally, the debt ceiling in the US will be discussed overnight. The content in this podcast is prepared, approved and distributed in Australia by Common...

Tom and Ryan talk the U.S debt ceiling stalemate and how it’s affecting the markets. Foot Locker shares plunge off the back of tough outlook. Potential for new credit spending laws puts Buy Now Pay Later stocks on notice. The team also look a commodities and the AUD.  The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 39...

The week has come to a close, and Laura and Stevie are here to give you the updates. The ASX lifted today and finished the week up 0.3%. Tech stood out again today and 9 out of the 11 sectors were up. Coal and gold miners were worst off today and Aussie biotech company Imugene was best on the ASX today after receiving clearance from the US FDA. Finally, a look ahead to next week and find out what...

Tom and Ryan look to the U.S markets this morning where tech stock leads encouraging gains. Meanwhile the Japanese Government has thrown its support behind high demand microchip production. Back home the Australian market has been slow to respond to gains in the U.S. And Ryan looks at the results from graphite producer Syrah Resources as well as the latest commodity prices.  The content in this po...

You’re in for a treat this Thursday with Laura being joined by the one and only Tom Piotrowski for the closing update. The market ended high today, but remains down for the week. Tech stocks stood out as cloud-accounting firm Xero handed down profit results and lifted 9%. Jobs data came in softer-than-expected pointing to a rate pause in June. Finally, looking forward to tonight on Wall Street, de...

U.S Regional Banks show strong recovery in biggest one day gain since January 2021. Big Box retailers display resilience despite sluggish earnings expectations. Tesla shares rise overnight on encouraging outlook. U.S President Joe Biden has cancelled his Australian trip due to debt ceiling crisis talks. Plus this mornings AUD. The content in this podcast is prepared, approved and distributed in Au...

Join Laura and Stevie as they give us Wednesday’s market close updates. Wages are up and the market is down for a second day in a row. Miners and banks weighed on the market, while tech rose most. Lake Resources performed best while fertiliser company Incitec Pivot performed worst. Jobs data is in the spotlight tomorrow, with the potential to move markets and influence the next interest rate decis...

It's all about big box stores this morning as Tom and Ryan explore Home Depot’s earnings prediction miss which was the worst in 20 years. This despite U.S retail spending holding solid. The team also look at commodities and have this mornings AUD.  The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The i...

Laura and Craig are back again this evening for Tuesday’s closing updates. The winning streak didn’t last with the market back down by 0.4%. Materials was the only sector to lift today and US based tech company, Life360 was the top performer on the market today. Looking ahead, updates on the US debt ceiling tonight and back in Australia, key updates on wages and jobs tomorrow. The content in this...

Tom and Ryan take a deep dive into the U.S market this morning where traders are pensive as politicians navigate a debt ceiling stalemate. In a surprising move, the Peoples Bank of China has held the one year lending rate steady. A flat start to trade is expected in Australia with James Hardy's earnings in focus. Plus the team look at commodities and the AUD.  The content in this podcast is prepar...

Steve is joined by Craig James, Chief Economist at CommSec today as they give you Monday’s closing market updates. The gains continued this week with the market closing in positive territory. Financials weighed heavy again today due to more banks trading ex-dividend. A takeover in the gold industry could create one of the world’s largest producer of gold. They preview some of the key things for in...

Tom and Ryan look to the U.S where share markets have fallen slightly on Friday with weaker consumer confidence. Meanwhile the Peoples Bank of China is predicted to cut interest rates for the first time since 2022. Back in Australia shares are expected to open higher ahead of a big week of economic data. Plus the team look at energy prices as well as commodities and the AUD. The content in this po...

Steve and Laura are back on this Friday night with the last update for the week. As expected, the market closed in positive territory tonight, snapping a 3 day losing streak. Most sectors did well today, with all but materials and energy on the up. Gold stocks struggled most, but followed huge gains since February due in part to the US suffering its second and third largest bank failures in Americ...

Tom and Ryan look to Wall Street where markets have struggled to advance despite a better reading on inflation. Meanwhile US unemployment increases to an 18 month high. Elon Musk will step down as CEO of twitter with the Tesla share price climbing in response. Aussie shares are expected to end the week lower with REA Groups shares in focus. And the team have this mornings commodities. The content...