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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 ...
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Morning Report 29 Nov 24: European share markets edge higher as investors focus on French political uncertainty
9:31
US futures are showing positive movement as the Thanksgiving holiday approaches. In Europe, French bonds approached parity with Greek debt as the nation’s budget saga deepened, further straining French banks amid the ongoing fiscal crisis. Meanwhile, oil prices rose on escalating Middle East tensions, while gold retreated in thin holiday trading. C…
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The Aussie share market hit its second record high of the week, marking the 15th for the financial year, with gains driven by financials and healthcare stocks. Key standouts included Pro Medicus, surging 9% on a $330 million U.S. deal, and Sigma Healthcare, up 50% this month following a Chemist Warehouse merger. Meanwhile, Star Entertainment saw it…
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Wall Street saw sellers take charge as investors prepare for the Thanksgiving break. The bond market brought some relief, with interest rates falling as inflation figures came in softer than expected. Technology stocks struggled to maintain momentum, with the recent rally halting due to downbeat quarterly forecasts from Dell and HP, which weighed h…
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The market has rebounded today following the slight declines of yesterday. Laura and Stevie reflect on the session yesterday which was the worst decline in two weeks and the performance that we saw today. Tariff concerns are in conversation today and they discuss how international and local markets have reacted. Inflation is back in focus as are co…
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Wall Street has shrugged off concerns over Trump’s tariff talks as stocks climbed, while a US bond rally lost momentum following his tariff pledge. At the same time, European markets and global automakers were also impacted by the ongoing tariff discussions. Meanwhile, the release of US Federal Reserve minutes revealed easing inflation and a strong…
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The market has pulled back slightly today following the record high of yesterday. A social media post from Donald Trump played into this performance with the energy sector and financials seeing losses. Laura and Stevie reflect on this session, look to the stocks that caught their eye including Bluescope and Webjet, and discuss the upcoming happenin…
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Interest rates curb the US dollar's decline as Donald Trump’s Treasury nominee, Scott Bessant, is viewed positively by markets. Meanwhile, the prospect of a ceasefire in the Middle East has put downward pressure on oil prices, while at the same time, gold prices have fallen due to reduced safe-haven demand. In corporate news, Webjet is set to relea…
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It has been a great start to the week with a fresh record high. Laura and Stevie reflect on this 14th record high since the start of the financial year with the market up around 11% at this point. They look to the US, the performance of the local sectors with most seeing improvements – real estate the standout, and run through the stocks that caugh…
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Wall Street has ended the week with solid gains as the Dow Jones closed at a record high. A 4% surge in Boeing has lifted industrial stocks, while technology names lagged as Nvidia slipped 3%. In economic news, U.S. services activity accelerated to its highest level since March 2022. In Europe, stocks climbed on hopes of interest rate cuts. Locally…
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The Aussie market is inching toward record highs despite geopolitical tensions, with the ASX 200 up nearly 0.9% on Friday. Energy stocks led gains, boosted by rising oil prices following concerns over the Russia-Ukraine conflict. A2 Milk soared 13% after announcing its first-ever dividend, while WiseTech Global plunged 12% due to a software launch …
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Morning Report 22 Nov 24: Dow jumps more than 500 points as investors rotate out of tech stocks
9:59
Despite ongoing geopolitical tensions, U.S. and European markets have seen gains. In the U.S., "Trump trades" gained momentum, while jobless claims hit a seven-month low, signalling a robust labor market. On the corporate front, Nvidia's highly anticipated results revealed slowing revenue growth, raising concerns among investors. Meanwhile, oil pri…
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The ASX struggled today, slipping after an early rise of 0.4% faded, leaving markets unable to secure a fourth gain in five sessions despite a solid start to the week. Financials provided a bright spot with a modest uptick, while consumer discretionary stocks faced their second consecutive day of losses, offsetting gains earlier this month. Retaile…
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After days of consolidation, the US dollar has reclaimed its spot in the winner's circle, as US yields rise despite ongoing geopolitical tensions. In company news, Target shares tumbled after the retailer slashed its profit outlook. At the same time, Ford announced plans to cut 14% of its European workforce, citing the shift to EVs and intensifying…
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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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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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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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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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