CommSec Market Update

US stocks have rebounded, shaking off concerns over geopolitical tensions ahead of Nvidia’s much-anticipated earnings release. In contrast, European markets struggled, with stocks sinking as investors sought the safety of haven assets. Global bond yields also fell, reflecting the heightened demand for security. In the retail sector, Walmart surged to record highs, buoyed by optimism over strong holiday shopping trends, while Lowe’s reported a boost in sales thanks to hurricane recovery efforts. Meanwhile, iron ore prices hit a one-week high, driven by pre-holiday restocking activity. Looking ahead, Aussie shares are expected to dip after the ASX reached a record high on Tuesday. 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 is up today to a fresh record high following a slow start the session this morning.  This marks four days of straight gains and the best day in around 3 months with 8 in every 10 stocks seeing gains.  Laura and Stevie unpack this performance in relation to the US market and look at the best performers with tech and financials seeing some standout moves.  Mining is back in positive territory, Elders is in focus, and they look at what to expect overnight. 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 NASDAQ and S&P 500 kicked off the week with gains, driven by a rally in Tesla shares. In contrast, Nike shares fell after the company flagged risks to its outlook, while healthcare stocks continued to struggle following recent sell-offs. Oil prices climbed nearly 3% amid escalating tensions in Ukraine, while gold surged on a weaker US dollar. Meanwhile, iron ore hovered near the key $100 USD per tonne mark, supported by strong demand. Looking ahead, Aussie shares are set to rise on Tuesday, buoyed by climbing 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.

Steve is solo today unpacking what was a good day overall following a slow start on the local market.  This makes a 3-day winning streak which he reflects on following the losses of last week both locally and in the US.  He unpacks the performance of each of the local sectors with mining stocks clawing back some of the recent losses, looks at some of the biggest movers including Dusk, Life360,and CSL Limited, and looks to what to expect as the week continues. 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 pulled back as concerns over interest rates weigh on markets. U.S. pharmaceutical stocks, including Pfizer, declined following cabinet appointments by Donald Trump. Meanwhile, the "Magnificent 7" tech stocks faced pressure from rising bond yields. In commodities, aluminium prices surged after China cancelled export tax rebates, gold lost its shine following Donald Trump’s decisive election victory and oil dropped 2% on weaker Chinese demand. Looking ahead, Aussie shares are expected to dip, with energy stocks likely to drag the market lower. 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 seen a lift today.  Laura unpacks this session’s performance which was a sizable gain given the falls that we saw in the earlier half of the week.  She looks at the performance of the US market and the dulled possibility of US rate cuts.  Data out of China today was mixed but overall their economy did show some positive signs following the recent government stimulus.  Laura looks at the performance of local sectors and what investors should be watching into next week. 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.

For the second consecutive session, Wall Street consolidates following the post-Trump election rally. At the same time, U.S. Treasury yields slip from a three-month high as markets await comments from Jerome Powell. In company news, Disney stocks surge on streaming growth, while Rivian and Tesla face pressure amid reports that Trump may end the EV tax credit. Meanwhile, government contractor stocks extend their decline over DOGE-related concerns. Looking ahead, Australian shares are expected to rise on Friday supported by energy producers and Ryan previews China’s upcoming economic data. 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 ended a three-day losing streak with a slight lift, supported by steady inflation and employment data that matched expectations. While U.S. inflation data hinted at another rate cut next month, the Australian market remains cautious, expecting no cut until early next year. Sectors showed mixed performance: tech led gains, while materials, weighed down by a strong U.S. dollar and China's economic concerns, struggled, especially in mining stocks. Notably, Bitcoin soared to new highs, driven by increased U.S. interest in crypto policy, and several ASX stocks reached record levels. Looking ahead, markets are focused on upcoming economic releases from China, which could influence material stocks 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 consolidates after recent gains and U.S. inflation data aligns with expectations, supporting the case for a December rate cut. The S&P 500 is on track for its 52nd record high this year. In company news, Amazon's new storefront aims to compete with low-cost shipping app Temu. Meanwhile, commodities remain under pressure due to the strengthening U.S. dollar, and Aussie shares are expected to lift ahead of key jobs data. 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 broad-based decline, shedding nearly 0.8% with steep losses across 10 of 11 sectors. The downturn followed last week’s post-election surge, signaling that investor enthusiasm might be cooling. Banks weighed heavily, particularly ANZ, which traded ex-dividend, while Commonwealth Bank reported stable profits but saw shares fall amidst economic concerns. Sectors like materials and consumer staples also suffered, pressured by weak commodity prices and global trade worries. Lithium and uranium stocks showed mixed performance; Paladin Energy rebounded, yet several lithium miners faced operational cuts due to low prices. On a positive note, Aristocrat Leisure and James Hardie Industries posted strong results, showing resilience in challenging conditions. The economic outlook remains uncertain, with slower-than-expected wage growth and upcoming jobs data keeping interest rate cuts on the radar.   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 sees some modest declines following a series of record highs. The US dollar hits a two-year high, while US bond yields ratchet higher ahead of influential US inflation data. Meanwhile, Bitcoin eases from record highs, with Trump vowing to make the US the 'crypto capital'. In Europe, concerns over China weigh on shares, with markets posting their worst session in three months. Locally, the ASX is expected to slip as copper falls to a two-month low, and Ryan previews wage data and CBA earnings results. 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.

There was a modest dip in the Aussie Market today, driven by declines in the energy and materials sectors due to falling commodity prices. While overall market losses were cushioned by gains in tech stocks, weak performance in gold miners, particularly after the U.S. election, impacted the market. Paladin Energy, a uranium miner, saw a sharp 28% drop due to production issues. Aristocrat Leisure hit a record high but dropped after announcing the sale of a gaming subsidiary. The financial sector held steady, though NAB faced downward pressure trading ex-dividend. U.S. markets, by contrast, continued upward, with the S&P 500 and NASDAQ up. Key factors to watch included Fed official speeches, ANZ's ex-dividend trading, and anticipated wage data, providing insights into economic health and market sentiment.   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 investors pause to reflect on the latest run of record highs as the Dow Jones jumps 300 points, poised for its first close above 44,000. In company news, Tesla continues its post-election surge, reaching a $1 trillion market value for the first time since 2022. Meanwhile, oil prices fall on disappointing Chinese stimulus, while copper hits a seven-week low due to a stronger US dollar. Closer to home, local stocks see a flat start as ASX investors monitor retreating commodity prices and focus on a data centre float. 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.

It has been a bleak start to the week with the materials sector weighing on the market. Laura and Stevie unpack this performance and the part that recent announcements out of China played in this.  They reflect on the performance of US markets following the election, and the performance of each of the sectors locally which was a mixed bag today.  Resolute got some attention today, as did HMC Capital, and they look at what to expect as the week continues. 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 ends the week with a fresh set of record highs as U.S. stocks rise for the fourth consecutive day. Markets posted their best weekly gains in a year, with the S&P 500 marking its 50th record high for 2024. Meanwhile, futures indicate a decline for the ASX 200 as China’s stimulus efforts leave investors unimpressed and a busy week awaits in Australia, with key wage and employment figures set for release. 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.