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 ...
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Market Close 20 Nov 24: Markets brace for earnings results from the world’s largest company
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The Aussie market has hit 13 record highs this financial year. Fresh off the back of one of them yesterday Laura and Stevie reflect on this and unpack the losses of today with most sectors seeing drops across the session. They talk through the companies that caught their eye including Amcor, Webjet, and Nick Scali, Nvidia looks set to steal the spo…
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Morning Report 20 Nov 24: ASX to fall from record highs as geopolitical tensions rise
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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 …
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Market Close 19 Nov 24: Not a shabby performance for the Aussie market
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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 s…
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Morning Report 19 Nov 24: Stocks get boost from Tesla as the EV giant surges
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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. M…
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Market Close 18 Nov 24: The Aussie market’s winning streak continues
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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…
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Morning Report 18 Nov 24: Wall Street challenged by interest rate outlook
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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…
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Market Close 15 Nov 24: The market claws back the losses of earlier this week following mixed China data
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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 …
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Morning Report 15 Nov 24: US stocks lose steam as rally goes too far too fast
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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 …
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Market Close 14 Nov 24: Bitcoin jumps to new record high
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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, whil…
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Morning Report 14 Nov 24: Wall Street consolidates around record highs
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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 stren…
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Market Close 13 Nov 24: Markets slide for a third day
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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 f…
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Morning Report 13 Nov 24: Stocks fall for the first time since US election
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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 post…
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Market Close 12 Nov 24: Commodities slump and ASX follows
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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% dr…
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Morning Report 12 Nov 24: Investors shun big caps favouring the small end of the market
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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 sev…
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Market Close 11 Nov 24: Market slides as China disappoints
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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. Res…
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Morning Report 11 Nov 24: Wall Street ends momentous week by setting new record highs
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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 …
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Market Close 08 Nov 24: Aussie stocks notch best week in three months
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Join Steve and Laura as they break down a strong week for the Australian stock market, which saw a 0.8% increase for the ASX200 and nearly a 10% year-to-date gain, despite still lagging behind the S&P 500 and NASDAQ. Market optimism may be attributed to factors like Trump’s pro-growth policies and expectations for Chinese stimulus. Key sectors perf…
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