CommSec Market Update

Wall Street rallied overnight despite a sharp fall in Nvidia shares amid controversy surrounding its CEO, with another drop in oil prices helping to lift investor sentiment. The gains are set to flow through to the ASX, which is poised for a stronger open, while investors continue to weigh the outlook for AI stocks. Plus, why markets are now pricing in an Australian interest rate cut next year. **This episode was recorded with two hours of trading to go on Wall Street** Join James Gruber, Equity Market Strategist and James Tao, Equity Market Commentator at CommSec, as they take you through all the key numbers. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok 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.

The Australian share market finished Monday marginally higher, holding above the psychologically important 9,000-point level despite significant volatility beneath the surface. Materials rallied strongly while financials retreated, offsetting each other across the broader index. Key earnings continued with ANZ releasing results, while data center and property stocks faced mixed fortunes. Upcoming economic data and bank dividends will shape the week ahead. Steve Daghlian and Laura Besarati are Market Analysts at CommSec. Each episode, they break down the day's market movements and explain what the numbers really mean. Check out our Market News page (https://www.commsec.com.au/market-news/the-markets.html) Follow us on: Instagram (https://www.instagram.com/commsec/) LinkedIn (https://www.linkedin.com/company/commsec/posts/?feedView=all) YouTube (https://www.youtube.com/@CommSecTV/featured) TikTok (https://www.tiktok.com/tag/commsec) 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 staged a relief rally on Friday as tech stocks rebounded from the previous session's sharp sell-off. The recovery is set to flow through to the ASX, which is poised for a slightly stronger open, while uncertainty surrounding the conflict in Iran continues to weigh on oil markets. Plus, what history reveals about ASX performance when interest rates peak and which sectors have delivered the strongest returns. Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok 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.

The Australian share market fell roughly half a percent on Friday as Wall Street tumbled into correction territory overnight, with tech and materials stocks reversing recent gains. Investor concerns about data centre growth and AI slowdown weighed on sentiment. Next week brings ANZ and CBA earnings, RBA commentary, and crucial US jobs data tonight that could shape market direction. Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explains what the numbers really mean. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok 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 plunged overnight as fears of tighter AI regulations following the Democratic sweep of the US midterm elections sparked a sharp sell-off in chip stocks. The losses are set to weigh on the ASX, which is poised for a weaker open after yesterday's strong rally, while renewed concerns about the conflict in Iran pushed oil prices higher. **This episode was recorded with two hours of trading to go on Wall Street** Join James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, as they take you through all the key numbers. Check out our Market News page Follow us on: Instagram LinkedIn YouTube TikTok 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.