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CommSec Market Update is the podcast that will help you to stay ahead of the trends with daily expert commentary as the market opens and closes. Whether you are invested in the stock market, or just looking to get started, join the team from Australia’s leading online broker and follow the changes as they happen.
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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
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In the last podcast of 2024, Steve and Laura reflect on a challenging December for the Aussie market, which has seen a 4.5% decline, making it the worst month of the year. The Federal Reserve's slower-than-expected pace of rate cuts rattled global markets, with Financials, consumer discretionary, and materials sectors among the hardest hit locally. Highlights included Life360's 200% surge this year, gold stocks benefiting from record prices, and lithium miners and Star Entertainment ranking among the biggest losers. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
Wall Street is making a cautious recovery after experiencing one of the year’s steepest declines. The Dow Jones Index broke a 10-day losing streak, its longest since 1974, while the 10-year US Treasury yield climbed to its highest level since May, reflecting ongoing strength in the US economy. In corporate news, Micron Technology faced its worst trading day since 2020 following disappointing guidance, while Darden Restaurants enjoyed its best performance since November 2020. Meanwhile, in Europe, the Bank of England held rates steady as policymakers debated whether to implement cuts. Oil prices declined, weighed down by a pessimistic economic outlook. Looking ahead, Aussie shares are predicted to slide as the traditional "Santa rally" shows signs of fading. Adding to the pressures, the Aussie dollar hit a two-year low. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
The Aussie share market faced a tough day, with the ASX 200 facing it's steepest decline in three and a half months—dragged down by a 2.5% fall in the US Dow Jones. Investor concerns stemmed from the US Federal Reserve’s revised interest rate outlook, signalling fewer rate cuts in 2025 than anticipated. All 11 ASX sectors ended in the red, with tech, financials, and materials hit hardest, while only 10% of stocks managed gains. Bright spots included Mesoblast, up 54% after FDA approval for its cell therapy, and Patriot Battery Metals, surging 16% following a major deal with Volkswagen. Meanwhile, uranium miner Deep Yellow plunged 12% on project delays, and ANZ faced shareholder backlash over governance issues at its AGM. With one trading day left this week, December’s losses have nearly erased November’s strong gains, leaving hopes pinned on a late Santa Claus rally. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
The US Federal Reserve has cut interest rates by 25 basis points but surprised investors by signaling a reduced forecast for future cuts. Meanwhile, the Dow Jones is on track for a 10-day losing streak, potentially marking its worst performance since 1974. In corporate news, Birkenstock shares are climbing amid a surge in demand for sandals, while speculation of a Honda-Nissan merger has sent ripples through the European car market. On the currency front, the US dollar has hit its highest level since November 2022, putting additional pressure on the Australian dollar, which continues to slump. Looking ahead, Aussie shares are expected to open lower on Thursday, weighed down by declining iron ore prices. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
The Aussie market closed flat today despite an optimistic start, as lunchtime weakness erased earlier gains. Investors are now eyeing the U.S. Federal Reserve's final interest rate decision for the year, expected to deliver a 25 basis point cut, marking three consecutive cuts since September. Market attention will shift to the Fed’s economic outlook and potential rate movements in 2024. Locally, sectors showed mixed performance, with healthcare and industrials faring best, while financials and materials slipped. Meanwhile, company news included NAB’s AGM and updates from Xero and ANZ, while dividend payouts from Westpac and others are on the horizon. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
1Wall Street has extended its losses as investors remain cautious ahead of the upcoming Federal Reserve decision, following strong retail sales data. The Dow Jones Index is on a nine-day losing streak, its longest since 1978. Energy shares weighed on the S&P 500 as oil prices declined, with Amentum emerging as the index's worst performer after forecasting a hit to its FY25 growth. Oil-related stocks dragged markets to two-week lows in Europe as banking shares struggled. Commodities were also under pressure, with copper prices falling to a two-week low amid surplus concerns, while oil prices slid further on weak economic data from China and Germany. Looking ahead, Aussie markets are expected to open flat as investors await the Federal mid-year economic and fiscal outlook. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
Bitcoin soared to another record, while the Aussie stock market rebounded, snapping a tough five-day losing streak with the ASX rising 0.8%. Financial stocks led the gains, rising 1.1%, while energy underperformed as the sector remains the year’s weakest. Notably, tech platform PEXA surged following the appointment of a new CEO, while Data#3 plunged 10% due to changes in Microsoft incentives. Bitcoin’s sharp rise—up 55% since November—has also caught attention. Looking ahead, retail spending data out of the U.S. is expected to drive global market discussions, while NAB’s AGM and dividend payouts will headline the local agenda tomorrow 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
Wall Street has posted mixed results, yet chipmakers continued to surge. The NASDAQ reached a record high, driven by gains in Broadcom and Alphabet, while Nvidia entered correction territory after a significant rally. Meanwhile, Bitcoin has hit a record high, partly attributed to former President Trump's strategic reserve initiative. Bond yields remained flat ahead of the US Federal Reserve's interest rate decision. In Europe, German shares declined following Chancellor Scholz's loss in a confidence vote. Looking ahead, Australia is poised for a flat start to trading, as the ASX extended its losing streak to five consecutive days. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
The Australian market continued its downward streak, with the ASX hitting a four-week low amidst weak Chinese retail data and falling commodity prices. China's slower-than-expected retail growth raised concerns over consumption and the country's ability to meet its 5% annual growth target, which impacted resource stocks like BHP and Rio Tinto. Mining and energy sectors remain some of the year's worst performers, down 15% and 20%, respectively. Meanwhile, corporate news saw mixed reactions, with HMC Capital suffering steep losses after backing DigiCo’s underwhelming ASX debut, while Star Entertainment rose following a management shake-up. Looking ahead, key events include global manufacturing data, U.S. retail sales, and the Federal Reserve's inflation update, alongside local updates on consumer confidence and AGMs from major banks like NAB and ANZ. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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 regulatory outlook for automated driving systems improved. Looking ahead, Aussie shares are poised to decline for a fifth straight day. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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 in most sectors, led by tech and gold miners, overshadowed gains. Key market movers included Insignia Financial, buoyed by a Bain Capital buyout offer, and Ventia Services, which faced sharp losses. Looking ahead, investors will focus on AGMs, economic data from China, and the U.S. Federal Reserve’s pivotal interest rate decision 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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 central banks cut interest rates in response to evolving economic conditions. Over in China, the government pledged further debt and rate cuts as looming tariffs from the Trump era raise concerns. Gold prices slid from a five-week high, while the US dollar strengthened on the back of fresh inflation data. Looking ahead, Aussie shares are expected to edge lower, pressured by declining commodity prices. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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 discusses, and he looks at the performance of local sectors with tech seeing some gains. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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 central bank aggressively cut interest rates to bolster its economy. Closer to home, the ASX 200 futures signalled a solid gain as investors focused on upcoming Australian jobs data, even as the Aussie dollar faced downward pressure. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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 2025, particularly after upcoming job data. Sector performance was mixed, with property trusts rising, while tech and industrial stocks lagged. South32 saw a significant drop due to operational challenges in Mozambique, while Sigma Healthcare's merger with Chemist Warehouse is on track for completion. The outlook remains uncertain, with several major economic updates and interest rate decisions expected in the coming days. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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. Across the Atlantic, European markets ended an eight-day winning streak, weighed down by rising economic concerns. Meanwhile, China reported a slowdown in November export growth, signalling potential headwinds for the global economy. Looking ahead, Aussie shares are expected to decline, pressured by falling iron ore prices and a weakening Aussie dollar amid the Reserve Bank of Australia’s dovish outlook. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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 tumbling. Investors are now eyeing upcoming inflation and jobs data for clues on future rate moves. Meanwhile, stock-specific news saw Perpetual plummet due to unexpected tax liabilities, while Treasury Wine Estates soared 4% following a strategic Chinese acquisition. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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, buoyed by optimism surrounding anticipated Chinese economic stimulus. This sentiment also supported commodity prices, which firmed on the prospect of improved Chinese growth. Meanwhile, oil prices climbed sharply following news of the ousting of Syria's President Assad. Looking ahead, Aussie shares are expected to lift on Tuesday as markets gear up for the final Reserve Bank of Australia board meeting of 2024. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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 stocks rebounded, led by Goodman Group. Meanwhile, Life360 was the worst performer, shedding 8%, despite strong year-to-date gains. Globally, trade data from China, jobs figures in Australia, and rate decisions in Canada and Europe are set to round out a pivotal week for investors. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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 political uncertainty. Closer to home, Australian futures pointed to a lower open for the ASX 200, weighed down by a drop in iron ore prices and the RBA has kicked off its two-day policy meeting ahead of Tuesday’s interest rate decision. 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 into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.See omnystudio.com/listener for privacy information.
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