CommSec: Recent Episodes
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The ASX is set for a steady open ahead of the RBA’s interest rate decision this afternoon, as investors weigh Governor Michele Bullock’s latest comments on inflation and economic conditions. Overnight, oil prices surged on Middle East tensions, while US markets edged lower after recent gains.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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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The Australian share market edged lower on Monday despite strong US earnings and easing rate hike expectations. The financials sector declined sharply following Westpac's quarterly update. The Reserve Bank's interest rate decision and press conference loom tomorrow, with markets closely watching for signals on future policy. Key earnings updates from ANZ and CBA are expected this week.
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
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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 share market is set to open higher after the S&P 500 hit a record high on softer-than-expected US jobs data, easing expectations of further rate hikes. Attention now turns to tomorrow’s RBA rate decision and a busy week of local earnings as reporting season ramps up.
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
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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 paused after a stellar week of gains, with the ASX 200 down slightly but maintaining strong year-to-date momentum. Materials and tech sectors led, while financials lagged. Gold stocks surged following overnight price gains, and lithium miners rallied on positive earnings from US producer Albemarle. The RBA's rate decision next Tuesday will be closely watched by investors.
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
Follow us on:
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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 ASX 200 closed at another record high yesterday, but can it extend its record-breaking run? Wall Street struggled for direction overnight as mixed earnings weighed on chipmakers and software stocks, while oil prices surged on renewed tensions with Iran. Plus, how increased defence spending could give the local economy a much-needed boost.
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
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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 share market reached another record high on Thursday, extending its winning streak to five consecutive days of gains. Gold miners led the charge as geopolitical developments eased inflation concerns, while early earnings results from AMP, REA Group, and others set a positive tone for the reporting season 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
Follow us on:
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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 ASX 200 closed at a record high yesterday and is poised for a steady open today. Miners are expected to lead gains as gold prices climbed to almost seven-week highs on hopes of peace in the Middle East. Meanwhile, Wall Street's rally stalled overnight following disappointing tech earnings, while key employment and trade balance data are due later today.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
Check out our Market News page
Follow us on:
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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 share market reached a fresh record high, driven by strong mining gains and positive global sentiment. Hopes of easing Middle East tensions pushed oil prices lower, benefiting broader markets. US earnings season momentum and strong overnight performances in key indices supported local optimism heading into a busy week of results.
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
Follow us on:
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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 ASX is poised for a stronger opening as global optimism spreads following progress towards peace in Iran and record highs across Wall Street and Europe. Oil prices tumbled on diplomatic hopes, with investors now turning their attention to a busy slate of earnings reports from Australian and US companies over the next two days.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
Check out our Market News page
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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 share market surged for a third consecutive day, with the ASX 200 pushing higher and drawing within striking distance of the record levels set in February. Strong gains across most sectors, particularly technology and healthcare, drove the session's momentum. Geopolitical developments regarding potential peace negotiations and upcoming earnings season announcements are shaping investor sentiment as the market builds on a solid start to August.
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
Follow us on:
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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 ASX 200 is expected to open flat as investors digest strong gains on Wall Street, driven by easing Middle East tensions and solid corporate earnings. Commodity markets also reflected the improved sentiment, with oil prices falling. Attention now turns to upcoming earnings reports from local companies and key US economic data later this week.
Gillian Bowen, Head of Media and Markets at CommSec, takes you through all the key numbers.
Check out our Market News page
Follow us on:
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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 share market recovered from early losses to close modestly higher on Monday as geopolitical tensions eased following weekend developments in the Middle East. Energy stocks declined as oil prices fell, while gold miners rallied. Reporting season begins this week, with earnings expected to accelerate through August.
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
Follow us on:
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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 share market is poised to open lower as corporate earnings dominate investor attention. Wall Street finished higher on strength in technology stocks, particularly Amazon and Microsoft, although Middle East tensions and rising US bond yields continued to weigh on sentiment. Plus, what is happening with home prices in your capital city?
Gillian Bowen, Head of Media and Markets at CommSec, takes you through all the key numbers.
Check out our Market News page
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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 share market ended Friday slightly higher after strong early gains faded heading into the weekend. Investor caution persisted as the ASX 200 approached key resistance levels, though weekly gains recovered recent losses. US tech earnings dominated sentiment, with Microsoft's results signalling AI profitability, while locally, 4D Medical surged on growth metrics. Reporting season begins Monday, with major corporate updates expected throughout August.
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
Follow us on:
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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 share market is poised for a stronger open following Microsoft's stellar results and a broad tech rally on Wall Street. Investors will also be watching key earnings from Apple as markets continue to assess the outlook for global growth and interest rates. Plus, a closer look at why Australia’s share market is outperforming most major global peers this month.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
Check out our Market News page
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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 Share Market retreated following three consecutive days of gains as US stocks tumbled on Federal Reserve rate hike signals. Locally, energy and tech sectors found support, while materials weighed heavily. Domino's Pizza surged after releasing a mixed earnings update showing cost-cutting progress, while lithium miners moved in opposite directions. Upcoming catalysts include major US tech earnings and central bank decisions globally.
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
Follow us on:
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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 share market is poised to open lower following a volatile night on Wall Street. US stocks fell after the Federal Reserve kept interest rates steady but signalled growing support for future hikes, while 30-year Treasury yields surged to 19-year highs. Oil prices also soared following fresh threats from Donald Trump against Iran, which could offer some support to local energy stocks.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
Check out our Market News page
Follow us on:
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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 share market reached a five-month high on Wednesday, crossing the nine thousand point mark for the first time since April. Softer-than-expected inflation data drove a strong rally, with all eleven sectors improving. Healthcare led gains while consumer discretionary recovered. Rio Tinto released half-year results ahead of August earnings season. Key catalysts ahead include the US Federal Reserve decision and major tech earnings from Microsoft, Meta, Apple and Amazon.
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
Follow us on:
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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 share market is poised for a stronger open as investors digest overnight US earnings and await the Federal Reserve's interest rate decision. Chipmakers remain under pressure, while oil and base metals have retreated amid easing Middle East tensions. Back home, all eyes will be on the latest consumer price index figures, while another round of major US tech earnings is due including Microsoft, Meta and Starbucks.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
Check out our Market News page
Follow us on:
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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 share market recovered from an early decline to finish in positive territory on Tuesday, driven by gains in the financial sector following RBA Governor Michele Bullock's comments about potential further rate moves. With inflation data due tomorrow and earnings from major US tech firms later in the week, investors are reassessing market conditions. The session marked a second straight day of gains, pushing July into positive territory overall.
Laura Besarati is a Market Analysts 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:
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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 ASX is set to open lower after rallying strongly yesterday on easing Middle East tensions. Global oil prices plunged to their lowest level in a week following a pause in US attacks on Iran, boosting broader market sentiment but weighing on energy stocks. Plus, several ASX companies are set to release quarterly updates, while a speech from RBA Governor Michele Bullock will be in focus later today.
Gillian Bowen, Head of Media and Markets at CommSec, takes you through all the key numbers.
Check out our Market News page
Follow us on:
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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 share market staged a strong recovery on Monday, rising approximately 1.39% as easing Middle East tensions and falling oil prices lifted investor sentiment. Tech stocks rebounded sharply while miners and gold equities surged. The week ahead brings critical catalysts including Australian inflation data, US earnings from major tech firms, and a Federal Reserve decision that could significantly move markets.
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
Follow us on:
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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 is poised to rise at Monday's open despite a mixed finish on Wall Street and three straight weeks of declines. Energy stocks may come under pressure following a sharp drop in oil prices, while tech faces headwinds from weak US tech leads. Key catalysts this week include Australia's June quarter CPI, the Fed's interest rate decision, and a flurry of major US tech earnings, alongside the unofficial start of the local reporting season.
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:
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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.
Australian shares fell for a third consecutive week as geopolitical tensions, fresh US tariffs, surging oil prices, and disappointing tech earnings weighed on sentiment. The ASX 200 posted its worst day in five weeks, though modest in absolute terms. Next week brings major US tech earnings, Australian inflation data, and RBA commentary as key catalysts.
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
Follow us on:
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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 share market is poised to open lower after global markets tumbled on disappointing earnings from major tech companies and escalating Middle East tensions, which pushed oil prices above US$100 a barrel. The S&P 500 posted its worst day in a month, while yesterday's stronger-than-expected Australian jobs data reignited rate hike concerns. Plus, a closer look at why Australia remains one of the world's richest countries.
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:
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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 pushed to five-week highs on Thursday before easing as surprisingly strong employment data raised expectations for future interest rate increases. Materials and energy sectors led gains amid oil price strength, while technology stocks dragged. Investors await next week's inflation update, a key factor in Reserve Bank decisions.
Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explain what the numbers really mean.
Check out our Market News page
Follow us on:
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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 share market looks set to open sharply higher as investors digest the latest earnings results from US mega-cap tech firms, with more reports still to come. Oil prices surged to a six-week high as the US and Iran exchanged fresh strikes. Plus, which cities are the most expensive for buying cigarettes and beer?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
Check out our Market News page
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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 share market closed modestly higher on Wednesday as materials and energy stocks drove gains, offsetting weakness in healthcare and tech. Materials led with copper surging to five-week highs on Chinese demand and Chilean weather disruptions, while gold miners also climbed. Key catalysts loom: Tesla and Alphabet earnings tonight, US jobs data tomorrow, and quarterly updates from mining giants. Middle East tensions and interest rate expectations continue to weigh on sentiment.
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
Follow us on:
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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 share market is poised to open higher as US tech stocks rally ahead of major earnings announcements. Commodities climbed overnight, with oil, copper, and gold all posting gains amid Middle East tensions. Plus, IPOs are back in a big way, but can the momentum continue?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
Check out our Market News page
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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 share market remained unusually flat for a fifth time in seven days, hovering near breakeven as investors await major earnings releases and monitor Middle East developments. Tech stocks surged over 3%, led by Next DC's strong contract wins, while resource stocks also gained ground. Geopolitical tensions and oil price movements continue to influence sentiment ahead of major corporate results and economic data later this week.
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
Follow us on:
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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 share market is poised to open lower, tracking weakness on Wall Street as investors grapple with escalating tensions in the Middle East and concerns about China’s new AI capabilities. Oil prices rose following Donald Trump’s vow to avenge fallen US soldiers, while commodity markets delivered mixed signals. Plus, a closer look at how South Korea’s sharemarket has unravelled.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
Check out our Market News page
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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 share market finished flat on Monday as investors remained cautious amid global uncertainty and Middle East tensions. Energy stocks led gains on higher oil prices, while technology stocks struggled. A major week of earnings and economic data looms, including Tesla and Alphabet results, plus local employment figures on Thursday that could influence rate expectations.
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
Follow us on:
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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 share market is expected to open lower on Monday following US strikes on Iran and a sharp tech-driven sell-off on Wall Street. Attention now turns to a busy week of key US earnings and local jobs data. Plus, Apple has overtaken Nvidia to become the world's most valuable company.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
Check out our Market News page
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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 share market finished Friday slightly lower as the mining sector declined, offsetting gains in energy and utilities. With volumes lighter than usual, investors remained hesitant amid Middle East tensions and upcoming US earnings season. Next week brings Australian jobs data, quarterly updates from major miners and energy producers, and results from tech giants Tesla and Alphabet.
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
Follow us on:
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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.
A sell-off in semiconductor stocks sent Wall Street lower overnight, with the Australian share market set to edge down at the open. Meanwhile, geopolitical tensions in the Middle East continue to influence commodity prices, with mixed results across metals and oil. Plus, at 95 years old, Warren Buffett shares his latest thoughts on rising inflation.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
Check out our Market News page
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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 share market finished Thursday little changed as resource and energy stocks weighed heavily on sentiment. Banks and wealth managers provided support, with CBA and NAB among the day's standouts. Weak US inflation data has reduced expectations of rate hikes, though Middle East tensions and upcoming earnings results keep investors cautious heading into the weekend.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explain what the numbers really mean.
Check out our Market News page
Follow us on:
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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 stocks rose overnight as softer-than-expected inflation data helped offset a rout in semiconductor shares. The Australian share market is expected to edge higher at the open and we take a closer look at whether concerns over the concentration of the US share market are justified.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
Check out our Market News page
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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 share market edged higher on Wednesday as BHP and the materials sector drove gains despite mixed performance across other segments. Softer US inflation data and strong earnings from major banks provided support, though Chinese economic growth disappointed. Energy stocks retreated despite rising oil prices, while financials offered modest contributions. BHP's strength ahead of tomorrow's results was a key factor in the session's overall performance.
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
Follow us on:
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Stocks and bonds climbed overnight after softer-than-expected US inflation data boosted investor sentiment. The Australian share market looks set to open higher following the strong lead from Wall Street. Plus, why Australia is far from the only country grappling with a housing crisis.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market finished flat on Tuesday as geopolitical tensions and rising oil prices kept investors cautious. Utilities and healthcare outperformed while financials and property trusts faced headwinds. US inflation data and major bank earnings tonight could reshape market sentiment and interest rate expectations.
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.
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Geopolitical tensions between the US and Iran reignited overnight, sending oil prices sharply higher while stocks and bonds came under pressure. Despite the uncertain backdrop, the Australian share market is set for a steady open. Plus, a closer look at what South Korea's export figures are saying about the health of global trade.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market ended Monday virtually flat as investors navigated conflicting reports about the Strait of Hormuz and broader geopolitical tensions. Energy stocks rallied on higher oil prices, while financials provided support. Gold miners faced headwinds as inflation concerns resurfaced. With the US inflation data and earnings season looming, market participants remained cautious and volumes stayed light during the school holiday period.
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.
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Technology shares once again led Wall Street higher overnight, helped by a blockbuster Nasdaq debut from SK Hynix that added to the positive momentum. Plus, what's in store for the Australian share market today?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market recovered Friday, snapping a four-day losing streak with gains led by miners and financials rebounding on positive US tech sentiment. Gold miners also bounced from week lows, though lithium stocks remain under pressure amid supply concerns. Investors should watch US inflation data and major bank earnings next week, plus China's economic data affecting local commodity prices.
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.
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Technology shares drove Wall Street higher overnight as investors looked past renewed tensions between the US and Iran to focus on strong demand for AI chips. Oil prices fell despite the latest tit-for-tat strikes, while the Australian share market is poised to edge higher at the open.
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The ASX 200 declined for the fourth consecutive session as escalating US Iran tensions in the Middle East weighed on investor sentiment. Energy stocks emerged as the standout performer, while defensive sectors including consumer staples, telcos and utilities provided some support. Gold miners faced headwinds from falling commodity prices, and travel stocks underperformed. FDC Consolidated debuted strongly on its first day of trading.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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Oil prices soared after Trump declared the Iran peace deal was over, sending overseas stocks and bonds lower and raising the prospect of a weaker start for the ASX. Plus, a closer look at the beaten-up sectors local investors have been buying lately.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market recovered from early losses to finish Wednesday nearly flat, marking a third consecutive session of declines. Energy stocks led gains as oil prices climbed following Middle East developments, while financial stocks rebounded into positive territory. Telstra dragged the telecommunications sector lower following a major network outage, and tech stocks faced pressure from weak US peers. Investors await tonight's Fed policy minutes for clues on US rate outlook.
Laura Besarati is a Market Analyst at CommSec. Each episode, she breaks down the day's market movements and explain what the numbers really mean.
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Semiconductor stocks tumbled overnight, dragging US markets lower after disappointing earnings from Samsung and fresh concerns over Chinese AI chip developments rattled investors. Oil prices climbed as tensions in the Middle East escalated, while the Australian share market is poised to open lower. Plus, a look at the little-known company that's quietly become Japan's largest listed stock.
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The Australian share market fell for a second consecutive day as materials and energy stocks declined on softer commodity prices. WiseTech rebounded sharply following leadership changes, while NetWealth surged on Morgan Stanley partnership news. US futures pointed to a positive open tonight, with the Dow Jones setting fresh records. Key catalysts ahead include US employment data and RBA commentary.
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.
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US chipmakers rebounded overnight, helping lift Wall Street ahead of the start of the big tech earnings season. Meanwhile, Saudi Arabia has slashed its main oil price to a rare discount as the market continues to slide. Plus, what's in store for the Australian share market today?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The ASX 200 edged lower on Monday in a subdued session as markets digested a strong finish to the prior week. Energy stocks held gains despite softer oil, while healthcare and tech outperformed. Gold miners dominated headlines with a surprise takeover bid, though materials and lithium stocks faced selling pressure. Key catalysts ahead include US Federal Reserve minutes and the start of earnings season.
Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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US earnings season is about to ramp up, while the Australian share market is poised to open lower despite a positive finish on Friday. Plus, a closer look at the US dollar and what's driving its recent moves.
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The ASX 200 delivered its strongest session in three weeks, driven by surging mining stocks and bank gains following weaker US jobs data. Gold miners lead the charge as the US dollar eased, while the broader market benefited from shifting rate expectations. Upcoming earnings season and company earnings updates loom as key catalysts for July trading.
Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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The Australian share market is poised to open higher despite a mixed session on Wall Street, where semiconductor stocks led technology shares lower. The US dollar also slipped following a key US jobs report, while attention now turns to the local trading day.
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The Australian share market recovered from heavy early losses to end nearly flat on Thursday as financials rebounded strongly following Wednesday's selloff. Locally, banks led gains while healthcare stocks posted modest improvements. Energy and utilities slid on softer commodity prices, though gold miners found some support. Key dividend payments from major financial institutions and upcoming US employment data tonight will shape investor sentiment heading into the final trading sessions of the week.
Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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US markets retreated overnight as technology stocks, particularly semiconductors, came under selling pressure. Oil prices fell sharply on optimism around Iran peace talks, while the Australian share market is poised to open lower after a soft start to the new financial year.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The ASX 200 fell on Wednesday as the new financial year began on a soft footing. Property price declines across major cities pressured the banking sector, whilst mining stocks found support from copper's strength. A mixed session saw winners including South32 and Perpetual, offset by losses in healthcare and financials after a challenging year.
Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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Technology shares drove Wall Street higher overnight, with the major US indices posting their strongest quarter in six years. So how might the Australian share market fare on the opening day of the new financial year? Plus, a closer look at why bond markets remain in the doldrums.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market closed slightly lower on the final day of the financial year, weighed by mining and gold stocks despite strong US overnight gains. Over the full year, local stocks underperformed US markets, with composition differences and AI sector exposure cited as key factors. Key upcoming catalysts include property data, major bank dividends, and US employment figures.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explain what the numbers really mean.
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Technology shares rebounded overnight, helping lift US markets, while commodity prices were mixed after the US and Iran halted hostilities. So what’s in store for the Australian share market today on the final day of the financial year?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The ASX 200 recovered ground on Monday following last week's losses, rising half a percent on a choppy session marked by Middle East tensions. Tech stocks led the rebound after significant declines, while defensive sectors stabilised. Property and utility stocks declined due to ex-dividend trading. Major catalysts this week include US jobs data Thursday and significant dividend payouts from leading banks.
Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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With the financial year drawing to a close, investors are weighing what it could mean for markets. Wall Street has slipped as tech stocks remain under pressure, plus the latest uncertainty from the intensifying war in the Middle East.
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The ASX 200 finished Friday with a modest gain, driven by a strong rebound in mining and energy stocks after a tough week. Gold miners led the charge following an improvement in precious metal prices, while defensive sectors like utilities and consumer staples also gained. Tech stocks and healthcare retreated on profit taking. Key catalysts ahead include US jobs data, dividend payments from major banks, and ongoing Middle East developments.
Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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Technology giants weighed on Wall Street overnight, with every Magnificent Seven stock finishing lower. The Australian share market is still poised to open higher as commodities rebounded following softer-than-expected US inflation. Plus, a warning about scammers targeting investors and what you need to know to help protect yourself.
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The ASX 200 fell as resource stocks and financials dragged the market lower, extending a losing streak that has wiped out recent gains. A strong US dollar pressured commodity prices and gold miners, while mixed employment data reduced expectations for near-term interest rate increases. Banks also retreated, with Judo Capital among notable fallers. Defensive healthcare stocks provided some support as markets await US inflation data and monitor global tech sentiment.
Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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The US dollar climbed to a 13-month high overnight, putting pressure on commodities and the Australian dollar. US stocks were muted despite further weakness in technology shares and what's in store for the Australian share market today?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market ended a four-day losing streak Wednesday as investors digested mixed inflation data. While headline inflation cooled, underlying measures remained elevated, keeping the Reserve Bank on alert ahead of August. Tech stocks led gains despite US semiconductor weakness, while energy and mining lagged on commodity pressures. Employment data and Micron earnings loom as key catalysts.
Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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Technology stocks dragged US markets overnight, although the Australian share market is poised for a modest gain at the open. Meanwhile, a stronger US dollar weighed on commodities and pushed the Australian dollar lower. Plus, why Japan has been one of the standout markets of 2026 and what's driven its success over the past decade.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market extended its four-day losing streak, finishing lower as investors weighed mixed signals from Middle East tensions and upcoming economic data. Tech stocks declined sharply, while financials provided support. Inflation and jobs data due this week are key catalysts for the Reserve Bank's interest rate outlook.
Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explain what the numbers really mean.
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Technology shares slid overnight, dragging major US indices lower amid growing concerns over AI-related spending. Oil prices tumbled on signs of progress in Iran peace talks, while attention now turns to what's in store for the Australian share market today.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market declined slightly on Monday, tracking towards a third consecutive day of losses. Tech stocks led declines following WiseTech's sharp fall, while energy remained volatile amid Middle East tensions. Key upcoming catalysts include May inflation data on Wednesday and employment figures on Thursday, both crucial for Reserve Bank considerations.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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Fresh uncertainty over global oil supplies has emerged after Iran said it has closed the Strait of Hormuz. At the same time, the US President is threatening new attacks even as fragile peace talks continue. So how will investors react when markets reopen after the weekend?
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The ASX 200 fell on Friday, marking the largest decline of the week after a strong four-day winning streak. Materials stocks led losses as the Federal Reserve signalled potential rate hikes later this year, weighing on commodities and the Aussie dollar. Inflation data and employment figures next week will be key market drivers, while a quarterly index rebalance on Monday may create trading opportunities.
Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explain what the numbers really mean.
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Although short-lived, oil prices touched their lowest level since the war began, while Wall Street rebounded overnight. So what role are semiconductor stocks playing in the recovery, and what could it mean for the Australian share market today?
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The Australian share market retreated on Thursday, ending a four-day winning streak as investors took profits and digested overnight developments. A US-Iran interim deal sparked mixed reactions, while concerns over China's property market pressured resource stocks. Healthcare and consumer staples provided defensive support, though energy and materials sectors led declines. US futures point higher ahead of the Friday close.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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All eyes were on the US Federal Reserve overnight, with signals of a potential rate hike later this year sending stocks and bonds lower. Oil prices rebounded amid uncertainty around an Iran peace deal, so what’s in store for the Australian share market today?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The ASX 200 recovered from early losses to close slightly higher, extending a remarkable four-day rally. Gold miners led gains as prices rose for a third consecutive day, while energy stocks slumped on falling oil prices following US-Iran deal optimism. The Reserve Bank's unanimous decision to hold rates provided support, with markets now approaching key psychological levels.
Steve Daghlian is a Market Analysts at CommSec. Each episode, he breaks down the day's market movements and explain what the numbers really mean.
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Investor optimism around a US-Iran peace deal saw the Dow Jones touch a record high overnight, although the broader US market was mixed. Oil prices continued to tumble, and what's in store for the Australian share market following the RBA's interest rate decision yesterday?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market paused Tuesday after posting near four-week highs, with the ASX 200 essentially flat despite record closes on Wall Street. The Reserve Bank kept rates steady in a widely expected decision, providing relief to struggling retailers and households. Meanwhile, energy stocks rebounded from Monday's sharp falls as markets weighed geopolitical developments and mixed economic data from China.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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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Investor optimism continued to build overnight as the Dow Jones reached a record high following the US-Iran peace deal, while oil prices slumped to a three-month low. So, can the Australian share market extend its recent gains after climbing to an eight-week high? Plus, all eyes are on the RBA as it hands down its latest interest rate decision.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The ASX 200 climbed on Monday as markets reacted positively to news of a US-Iran interim deal, with expectations for reopened shipping routes easing energy concerns. Gold miners surged while energy stocks retreated on lower oil prices. The week ahead features key central bank decisions, including the RBA rate decision and the Federal Reserve's meeting under new leadership.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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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UPDATE: Since recording this episode, the US President and mediators announced that the US and Iran have reached a peace deal, including the end of military operations.
Investor optimism lifted stocks and sent oil prices lower on hopes of an Iran peace deal, though doubts are growing by the hour over whether a US-Iran agreement will be announced today. So how might markets react? Plus, a closer look at SpaceX’s record-breaking stock market debut.
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.
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The Australian share market rallied strongly on Friday, delivering its best day in more than two months as Middle East peace developments boosted investor sentiment. Materials and gold miners led gains, while energy stocks retreated on softer commodity prices. Next week brings four major central bank meetings, including the RBA on Tuesday, plus key Chinese economic data.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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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Investor optimism returned overnight as stocks surged on fresh claims that a peace deal could be imminent. Crude oil prices also plunged on cancelled military strikes, while the Aussie share market is poised for a strong open following Wall Street’s rally.
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.
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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The Australian share market fell for the fourth time in five days as Middle East tensions and mixed US inflation data created uncertainty. While miners recovered and energy rallied, financials and tech weighed heavily. The ASX 200 remains well below February's record high, with upcoming ECB decisions and US jobless claims data set to influence sentiment.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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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The ASX is poised to open lower today as investors react to renewed tensions in the Middle East, which sent share markets lower overnight. Oil prices rose while most other commodities fell, plus a closer look at why gold has become the asset of choice for central banks around the world.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market closed marginally higher on Wednesday as investors navigated Middle East tensions and growing expectations of US interest rate hikes. Mining and energy stocks fell on commodity weakness, while defensive sectors like consumer staples and utilities gained ground. Key upcoming catalysts include US inflation data and domestic updates on inflation expectations and retail performance.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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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US stocks fell overnight after a sell-off in technology shares and rising tensions between the US and Iran. Oil prices have fallen to seven-week lows, while a Dutch chipmaker has overtaken its rivals to become Europe's most valuable company ever.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market fell for a third consecutive session as investors caught up with heavy US and Asian losses. A stronger than expected US jobs report sparked concerns about interest rate hikes, weighing on commodities and mining stocks. Energy and materials sectors led declines, though defensive areas and some banks offered support. Key events to watch this week include corporate briefings and US inflation data.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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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US stocks recovered after Friday’s sharp sell-off, with the Australian share market set to open higher. Investors are now looking ahead to a busy week featuring a closely watched IPO and key economic data from the US and Europe.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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Australian stocks fell for a second consecutive day as mining and energy sectors declined sharply. The ASX 200 shed value despite US strength, with geopolitical tensions and iron ore supply concerns weighing on major miners. Healthcare emerged as the day's bright spot. Investors await US jobs data and key retailer strategy updates next week.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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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The Australian share market is expected to open higher on Friday following overnight ceasefire developments in the Middle East. US markets were mixed, with the Dow Jones reaching record levels while technology shares fell after Broadcom disappointed investors. Plus, what's behind the recent tumble in iron ore prices?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market fell sharply on Thursday as US weakness and geopolitical tensions weighed on investor sentiment. Mining stocks posted their largest decline in weeks, while energy benefited from Middle East developments. The session erased Wednesday's gains and pushed the year's performance slightly into negative territory, though some standout performers like Treasury Wine Estates gained ground on strategic updates.
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.
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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Fresh fighting between the US and Iran has pushed oil prices higher and sent global share markets lower, with renewed tensions rattling investor sentiment overnight. The ASX is set to open lower, while attention will also turn to RBA Governor Michele Bullock as she appears before a Senate committee today.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market rose for the first time this week, climbing to near four-week highs after softer economic growth data suggested interest rate pressures may ease. Energy and mining stocks led gains, with copper continuing its strong run. Uranium miners surged on international supply news, while retail stocks retreated on spending concerns. US markets hit record highs overnight, providing additional momentum for local investors.
Steve Daghlian is a Market Analyst at CommSec. Each episode, he breaks down the day's market movements and explains what the numbers really mean.
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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AI optimism continued to fuel markets overnight, with the S&P 500 reaching a fresh record high and commodity prices moving higher. Plus, the remarkable profit margins behind Nvidia's dominance of the AI boom and the company its CEO believes could be the next trillion-dollar tech giant.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market finished flat on Tuesday as investors navigated conflicting signals from US and Iran peace talks. Tech stocks surged to four month highs, while mining giant BHP set fresh records. However, retailers faced pressure following a minimum wage increase decision. Markets await Wednesday's GDP figures and other key economic updates this week.
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.
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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Conflicting signals around the Iran war have sent both stocks and oil prices higher, while major AI developments put a rocket under tech shares. Plus, why an activist investor has taken a significant stake in Northern Star Resources and what it could mean for the gold miner.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market opened June on a softer note, edging marginally lower as investors await developments in US-Iran negotiations. Tech stocks delivered strong gains following Friday's US rally, while healthcare extended May's weakness. Key catalysts this week include Australian GDP, RBA testimony, and US employment data.
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.
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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Australian investors will be closely watching a busy week of local economic data, while Wall Street continues to push to fresh record highs despite the ongoing conflict in the Middle East. Plus, what do the latest auction clearance rates tell us about the state of the housing market?
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.
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The Australian share market rallied on Friday, delivering its best day in weeks as tentative ceasefire negotiations between the US and Iran boosted investor sentiment. Materials and financials led gains across a broad-based session. Investors should watch next week's economic calendar, including property prices, inflation data, and job advertisements, alongside potential RBA commentary.
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.
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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More twists in the Middle East conflict have sent global markets on another wild ride with reports of progress towards peace helping push Wall Street towards fresh highs. So what could all this mean for the Australian share market? Plus, the story behind the .tv domain name and what it means for a tiny Pacific Island nation.
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.
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The Australian share market fell sharply on Thursday as escalating US-Iran tensions weighed heavily on sentiment. Despite broad losses across materials, technology and healthcare, pockets of strength emerged in software and AI infrastructure plays. Gold miners faced particular pressure amid a stronger US dollar. Key US economic data and earnings reports tonight may provide direction 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.
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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The Australian share market is poised to open lower as oil prices fell following draft peace talks between the US and Iran. Overnight, Wall Street remained muted with mixed momentum across sectors, while local inflation data yesterday supported rate hold expectations. Plus, are the Magnificent Seven stocks looking cheap again, or are investors piling back into bubble territory?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market rallied on softer inflation data, reversing early losses to close near session highs. Tech and consumer discretionary stocks led gains as investors priced in a likely pause at the next RBA meeting. Banks recovered from morning weakness, while most sectors participated in the advance. Key upcoming catalysts include US tech earnings and Middle East developments.
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.
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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Global oil prices are on the rise again after fresh strikes on Iran dented hopes for a peace deal. Yet despite the renewed tensions, optimism around AI continues to support Wall Street, so what could this all mean for the Australian share market?
Gillian Bowen, Head of Media and Markets at CommSec, takes you through all the key numbers.
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The ASX 200 ended a three-day winning streak on Tuesday as Middle East developments created conflicting signals for investors. Uncertainty over the Strait of Hormuz and ongoing negotiations kept energy and materials volatile. ASX Limited plunged on cost warnings, while Fisher and Paykel Healthcare soared. Aussie inflation data looms as a major catalyst ahead of the RBA's next rate decision.
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.
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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A US-Iran peace deal has yet to be confirmed, but investor optimism continues to build. Oil prices have tumbled despite a key maritime route remaining closed, so what could all this mean for the Australian share market?
Gillian Bowen, Head of Media and Markets at CommSec, takes you through all the key numbers.
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The Australian share market extended its winning streak to a third consecutive session, rising modestly as cautious optimism over Middle East negotiations offset energy sector losses. Coal miners surged on supply concerns, while airlines benefited from falling oil prices. Investors await Wednesday's inflation data and focus on RBA policy signals ahead of a quiet week.
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.
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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The Australian share market is poised to open lower as investors digest Middle East developments and await key inflation data this week. Wall Street finished Friday with modest gains, buoyed by strong corporate earnings and semiconductor momentum, while the Dow posted a record closing high. Oil prices remain elevated amid ongoing peace negotiations, and the ASX 200 futures suggest a cautious start before Wednesday's inflation release.
Join Gillian Bowen, Head of Media and Markets at CommSec, as she takes you through all the key numbers.
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The Australian share market edged higher on Friday to post a weekly gain after a volatile stretch. Softer employment figures have tempered expectations for another interest rate rise, while US-Iran negotiations remain uncertain. Energy and mining sectors led gains, though defensive stocks retreated. Company-specific moves dominated, with fast food chain Guzman surging after exiting US operations. Ahead lies crucial inflation data that could shape the Reserve Bank's next decision.
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.
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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The Australian share market is poised to build on yesterday's best day in six weeks, driven by cooling labour market data that eased rate hike concerns. Meanwhile, speculation is growing that a US-Iran agreement could be revealed within hours, sending markets and oil prices on another wild ride.
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.
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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The Australian share market rallied strongly on Thursday, gaining around one and a half percent, as weaker employment data shifted expectations away from further interest rate hikes. Materials and property trusts led gains across most sectors. NVIDIA's earnings underwhelmed despite beating forecasts, while Webjet rebounded on renewed takeover interest. Next week's inflation report looms as the next key catalyst.
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.
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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The Australian share market is poised to open higher after US President Donald Trump's comments on Iran negotiations boosted global sentiment overnight. However, the day's direction will likely depend on how investors digest Nvidia's earnings results, which could signal demand for chips and the AI supply chain. Oil prices tumbled while base metals rallied on deal hopes, and the Aussie dollar strengthened against the US dollar.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The local market plunged 1.3% to a seven-week low, dropping beneath the critical 8,500 psychological barrier. Sentiment broke after US President Trump warned he was "an hour away" from ordering strikes on Iran, sparking global war fears and a heavy 2% drop in mining stocks. Webjet cratered 11% as Virgin Australia slashed its travel commissions, while tech competitor Flight Centre fell 3.5%. Meanwhile, unauthorised spectrum usage and a blocked Singapore merger sent Tuas spiralling another 17%, deepening its brutal 64% weekly collapse.
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.
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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Thirty-year US government bond yields have climbed to their highest levels in almost 20 years, weighing on sentiment and sending both US stocks and ASX futures lower. Plus, a closer look at whether we’re in the midst of an unheralded commodities bull market.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The local market rebounded sharply from a seven-week low, lifting 1.1% in its best session for a fortnight. Investor sentiment flipped positively on reports that US President Trump halted fresh military strikes on Iran to allow Gulf allies time for diplomacy. Consumer Staples jumped 3% and Financials recovered 1.7% to lead the broad bounce. Tuas skyrocketed 18.7% following its recent 62% regulatory wipeout. Meanwhile, Webjet entered a volatile trading halt ahead of tomorrow's briefing, amid reports that Virgin Australia plans to slash online travel agency commissions.
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.
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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US markets pared losses after Donald Trump paused any immediate escalation in the Iran conflict. The Australian share market is expected to open in the black, while a closer look at how inner London property prices have stalled over the past decade.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The ASX 200 fell sharply on Monday, hitting a seven-week low as weak economic data from China and rising US bond yields weighed on investor sentiment. Almost all sectors declined, with industrials and materials hardest hit, though energy stocks found support from higher oil prices. Key upcoming events include Nvidia earnings and Australian jobs data later in the week.
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.
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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Wall Street has retreated from record highs as investors weigh what’s driving the latest sell-off. The Australian share market is heading for a lower open, while attention is also turning to Nvidia’s key results later in the week.
James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, take you through all the key numbers.
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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The local market faded late to finish 0.1% lower, marking a 1.3% loss for the week. This represents the fourth weekly decline in five weeks, driven largely by a "War Toll" on financials and healthcare. Sentiment soured after President Trump stated there was "no rush" to reopen the Strait of Hormuz, causing oil prices to spike and equities to retreat. While the materials sector gained 2% this week, a 3% sell-off today erased much of that progress. Bapcor fell 4% today, totalling a 30% collapse this week, Mineral Resources slumped 7.5%, and Fletcher Building rose 5% on a successful asset sale. All eyes now turn to a massive Thursday next week, featuring both Nvidia’s quarterly results and critical Aussie jobs data that will dictate the RBA's next move.
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.
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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The Australian share market is poised for gains on Friday as US technology stocks continue their record-breaking rally, driven by AI and semiconductor strength. Investors are monitoring the Trump-Xi summit in Beijing alongside solid US economic data, while keeping watch on upcoming mega IPOs that could reshape tech sector demand. Locally, QBE and Auckland Airport earnings are in focus.
James Gruber, Equity Market Strategist, and Gillian Bowen, Head of Media and Markets at CommSec, take you through all the key numbers.
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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The Australian share market ended a four-day losing streak Thursday despite a mixed session where banks rebounded strongly following heavy losses, while tech stocks and consumer staples faced pressure. Key moves included Coles falling on court ruling, Megaport surging on AI contracts, and miners hitting fresh highs on strong commodity prices. Investors remain watchful of Trump-Xi summit trade talks.
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.
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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The Australian share market is poised to drop at the open as strong gains in US tech fail to lift local sentiment. Investors are also weighing mixed global signals, with uncertainty around Donald Trump’s Beijing visit and trade relations keeping pressure on the ASX.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The local market fell today, sliding 0.5% as a sharp sell-off in banking overshadowed record-breaking gains in mining. The index has now shed nearly 3% over the past four days, hitting its lowest level in six weeks as investors digest Federal Budget changes to capital gains tax and negative gearing. CBA was the primary weight, plunging 10% after its $2.7 billion quarterly profit slightly missed expectations. Conversely, BHP and Rio Tinto both hit fresh all-time highs, fuelled by resilient iron ore and a 40% annual surge in copper prices. Aristocrat Leisure also defied the gloom, skyrocketing 13% on a profit jump and an expanded $1 billion share buyback.
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.
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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The ASX is set to open lower following last night’s ambitious federal budget, which included major tax and housing policy changes aimed at boosting revenue. Meanwhile, US markets were mixed after inflation came in hotter than expected. Plus, a deeper look at why Australia has some of the highest mortgages in the developed world.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The local market fell for a third straight day, sliding 0.3% to reach a one-month low. Sentiment soured after President Trump dismissed Iran’s latest peace proposal as "garbage," warning that the ceasefire is on "life support". While the ASX remained cautious ahead of tonight’s Federal Budget, the index has shed 2.5% over the past three sessions. BHP hit a record high of $60 per share, overtaking CBA as Australia's largest company. Conversely, DroneShield cratered 10% following an ASIC investigation into executive share sales, and Life360 tumbled 11% after user growth failed to meet expectations.
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.
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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The Australian share market is poised to open slightly higher as energy stocks track surging crude prices following US-Iran ceasefire tensions. Markets remain cautious ahead of tonight's federal budget release and key economic surveys. Plus, lessons from the downfall of once biotech darling CSL.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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Australian shares retreated for a 12th time in 15 days as US-Iran tensions overshadow strong US jobs data. Healthcare stocks fell sharply, dragged down by CSL's significant downgrade and impairment charges. Energy gained on oil price support, while Metcash and Dyno Nobel impressed with solid updates. The federal budget and Fed chair vote loom this week.
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.
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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The Australian share market is expected to fall as geopolitical tensions weigh on investor sentiment, despite Wall Street reaching fresh record highs on strong corporate earnings. US oil and base metals surged following developments in the Middle East, while local investors await the federal budget announcement tomorrow evening. Key themes include cost of living relief, tax changes, and NDIS reform.
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.
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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The Australian share market suffered its worst session in seven weeks as US-Iran escalation triggered broad-based selling across all sectors. Financials led declines while energy stocks fell despite rising oil prices. Macquarie Group outperformed with record earnings, while Tabcorp plunged on regulatory concerns. Investors await the federal budget next week and CBA results.
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.
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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Australian shares face headwinds on Friday as Middle East peace negotiations between the US and Iran stall, weighing on global markets. Wall Street retreated from record highs as semiconductor stocks pulled back after an extraordinary year. Local earnings from Macquarie, QBE, REA and News Corp will guide the ASX, with the federal budget looming next week.
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.
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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The local market surged for a second straight day, lifting 1% to a two-week high. Sentiment was bolstered by a record lead from Wall Street and fresh optimism for a US-Iran peace deal. With President Trump claiming a truce is "very possible," oil prices tumbled 7% back toward 100 USD, providing broad market relief. Mining stocks led the charge, jumping 3.7%, while Orica rocketed 8% on a narrowed loss and dividend hike. Conversely, Tabcorp cratered 23% following regulatory concerns, and Super Retail Group fell 3.5% after warning that "War Fatigue" and high fuel costs have dented discretionary spending.
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.
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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There are growing signs an Iran peace deal may be close, sending stocks soaring and oil prices plunging. Plus, what has happened to Berkshire Hathaway one year after Warren Buffett retired?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market rallied on Wednesday, posting its strongest session in about a month. Banks and materials led the charge, together accounting for roughly 60% of the index. Easing Middle East tensions, falling oil prices, and strong US earnings results buoyed sentiment. However, outside the two dominant sectors, gains were modest. Key upcoming events include US employment data tonight and continued corporate earnings reports.
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.
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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US markets hit fresh record highs as semiconductors surged. Oil prices fell as the Iran ceasefire held, while attention now turns to the fallout from the RBA’s latest rate hike.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The local market slid by 0.2% today as investors juggled a hawkish Reserve Bank and a dangerous escalation in the Middle East. Overnight, oil prices jumped 5% following missile exchanges in the Strait of Hormuz, including reports of Iranian strikes on a UAE port and the US sinking Iranian boats. This "oil shock" pushed the RBA to raise interest rates to 4.35%—a third consecutive hike that effectively undoes all of 2025’s rate cuts. Westpac fell 2.3% after missing half-year profit expectations, while Flight Centre defied the gloom, surging 4% despite a $10 million hit from war-related disruptions. Energy stocks rose 1% as crude prices climbed.
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.
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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Iran attacks have escalated tensions in the Middle East, sending oil soaring and stocks and bonds lower. Plus, we take a closer look at the Aussie market’s recent underperformance.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The Australian share market opened the week in the red as investors brace for the Reserve Bank's interest rate decision tomorrow. Key themes include energy sector weakness amid oil price declines, tech strength tracking US gains, and company earnings warnings tied to Middle East conflict impacts. Bank results and the Macquarie Conference also loom 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.
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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Wall Street has pushed back to record highs on the back of strong corporate earnings. Meanwhile, the Australian share market is expected to open lower, with the US and Iran still engaged in ongoing talks over the Middle East conflict.
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.
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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The ASX200 bounced back from three-week lows today with its best day in weeks, but we're still down 0.65% for the third weekly decline. Meanwhile, Wall Street's had a great month, the S&P 500 posting its best performance since 2020. What's on everyone's radar now: the RBA rate decision, bank earnings, and the US jobs report, all against the backdrop of Middle East tensions.
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.
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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The Australian share market is set to jump at the open, following investor optimism out of the US, fuelled by corporate earnings and a resilient economy. Plus, it’s been quite a ride for oil over the past 24 hours.
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.
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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The ASX200 has now fallen for eight straight days, closing April roughly 2% higher despite hot inflation data that's pointing toward another RBA rate hike. Energy shares rallied hard as oil hit four-year highs on US-Iran tensions, but Woolworths dragged things down with an 8% tumble after downgrading earnings. We've finished at a three-week low, with investors watching overnight results from Apple and key central bank decisions.
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.
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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The ASX is set to fall as oil prices rip higher. The US Federal Reserve has kept interest rates on hold, while investors now await key results from Big Tech.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The ASX200 fell about 0.25% to a three week low, marking a seventh straight session of declines. March CPI surprised a touch below forecasts at 4.6% headline while trimmed mean was 3.5%, leaving markets still pricing a likely RBA hike next Tuesday. Utilities and energy outperformed, oOh!Media jumped on a Pacific Equity Partners bid. Watch the US Fed decision and major US tech results.
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.
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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US stocks fell ahead of key earnings and economic data, with renewed AI worries weighing on sentiment. Oil jumped again as peace talks stalled, and does the Sell in May rule still hold up for investors?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The local market fell for a sixth straight session, sliding 0.7% to a three-week low. This marks the longest losing streak for the index in nearly four years. Stalled peace talks pushed oil toward 110 USD - double its price since January. Monthly gains have now halved to 2.7% as the market braces for tomorrow's high-stakes inflation data. Energy stocks rose 1.2%, but the broader market was a "sea of red." Domino’s Pizza cratered 11% following a weak US update, while European Lithium skyrocketed 50% on a $1 billion takeover bid. All eyes are now on tomorrow's CPI print, with markets pricing in a likley chance of an RBA rate hike next week.
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.
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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The Australian share market is set to open lower, while Wall Street continues to hover at record highs. Plus, why are oil prices rising again?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The ASX200 slipped about 0.25% to a three week low, extending a five session losing run as volumes picked up despite state holidays. Energy led declines even as oil rallied, while Atlas Arteria jumped on a $7bn IFM takeover bid and Megaport and Newmont outperformed. Key risks this week are Wednesday’s Aussie inflation print major US tech earnings and the Fed decision.
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.
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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Technology has boosted US stocks to a record close, but uncertainty remains over the Middle East conflict after the US cancelled its peace talks trip. Closer to home, signs point to a flat start for the Australian share market.
Gillian Bowen, Head of Media and Markets at CommSec takes you through all the key numbers.
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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The ASX200 slipped for a fourth day and is down about 1.8% this week despite a 3.5% month to date gain. Energy led as oil topped US$106 a barrel while materials and gold lagged. Suncorp secured A$2.4 billion in reinsurance and IGO cut spodumene guidance. Markets now focus on US big tech results Fed decision and Australian quarterly inflation.
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.
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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Tensions are flaring in the Middle East, pushing oil higher and stocks lower. Locally, the Australian share market is set to open flat, with a closer look at what’s happening with the dollar.
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.
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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The local market slipped for a third straight day, falling 0.6% as hopes for a US-Iran peace deal faded. With negotiations stalled and the Strait of Hormuz closed once again, oil prices have reclaimed the 100 USD mark for the first time in weeks. The index has now retreated 2.5% from its recent mid-April highs, erasing a significant chunk of the month’s recovery gains.
Energy stocks were the sole bright spot, jumping 3% on the back of soaring crude. Santos lifted 3.5% after maintaining its annual guidance, while Karoon Energy led the pack with an 8% surge. Cochlear plunged another 4% to hit a decade-low, extending its catastrophic 63% year-to-date decline. Retailer Temple & Webster also cratered 8% to a two-year low following a surprise leadership shake-up.
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.
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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US stocks surged on the ceasefire extension and strong earnings reports, but the ASX is poised to fall at the open as oil climbs back above $100 a barrel.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The Aussie share market tumbled more than 1% on Wednesday, marking its worst day in five weeks, as investors reacted to ongoing uncertainty over US-Iran peace talks. The financial sector led the decline, with major banks falling between 2-2.5%, while Cochlear shares plunged 40% after a significant profit downgrade. Treasury Wine Estates was a rare bright spot, jumping 16.5% on a major business restructure and positive trading update.
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.
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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Breaking news on the US-Iran war, the fragile ceasefire has just been extended. Earlier stocks slipped while oil prices surged amid ongoing tensions, plus a look at how Australian business start-ups are thriving.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The local market delivered a directionless session, dipping less than 0.1% as investors braced for the expiration of the US-Iran ceasefire. With President Trump signalling he is unlikely to extend the two-week truce, markets remain in a "wait and see" pattern. Despite the cautious mood, the ASX remains up roughly 5.5% for the month. Rio Tinto outperformed, lifting 0.75% after revealing its production costs are remarkably resilient to diesel price hikes. Yancoal rose 4% following a steady quarterly update, while investment platform Hub24 tumbled 7.8% after inflows missed market expectations. Challenger finished flat as volatility sparked a 10% drop in managed funds.
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.
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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Talks between the US and Iran remain stalled as the ceasefire deadline looms. Share markets fell while oil surged on renewed tensions and a closer look at the war’s long-term damage to the Middle East’s infrastructure.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The local market staged a late recovery to finish flat after sliding 0.5% early on. Conflicting Middle East signals kept investors cautious, with oil prices bouncing 7% after the Strait of Hormuz was re-closed. The index remains stuck below the 9,000-point psychological barrier as "wait and see" mode prevails. NAB dropped 3.6% - its seventh straight loss - after flagging a $706 million bad debt provision linked to the conflict. Viva Energy tumbled 9% as it resumed trade following a refinery fire, while Zip surged another 7.7% on broker upgrades. Focus now shifts to a heavy week of quarterly updates from BHP, Rio Tinto, and Tesla.
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.
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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We emerge from another weekend with little certainty around the US-Iran war, setting the stage for a potentially rocky start to the week for markets.
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.
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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Local shares ended an uninspiring week with a 0.1% dip. Despite President Trump’s claims that US-Iran peace talks are going "swimmingly," markets remained skeptical, failing to hold the psychological 9,000-point level. The retreat is minor, however, compared to last week’s massive 4.5% surge. Zip rocketed 14% after hiking profit goals to $260 million on US strength. Conversely, Temple & Webster slumped 6.5% on broker warnings of a prolonged "war toll" on retail earnings. Energy stocks eased as oil fell below 100 USD. Focus now shifts to Tesla’s results and upcoming RBA-critical inflation data.
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.
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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There’s been an update on ceasefires and peace talks as the Middle East war continues. That’s helped reassure Wall Street investors, with earnings season also gathering pace. Back home, the Aussie market is set to open lower.
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.
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The Aussie share market slipped today after two days of gains, with banks and miners weighing on the index despite tech stocks surging seven percent. The market struggled around the 9,000 point level, though remains up 5.5% in April. Jobs data showed resilience with unemployment steady at 4.3%, while Chinese economic figures delivered a mixed result. Global markets were supported overnight by US earnings and hopes of progress in US-Iran talks ahead of next week's ceasefire deadline.
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.
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The S&P 500 hit a record high as corporate earnings continued to roll in, while European markets dipped as earnings there raised further concerns. In Australia, key unemployment figures will be in focus today.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Aussie share market edged higher on Wednesday, with the ASX 200 gaining around a tenth of a percent despite mixed sector performance. Energy and defensive sectors retreated, while tech rebounded and materials lifted. Gold miners led gains after Evolution Mining forecast strong production amid record gold prices. Virgin Australia surged 8% after reaffirming its earnings outlook despite Middle East tensions. Investors await key Australian jobs data and US earnings for further direction.
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.
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Share markets continued to rise on hopes of renewed US-Iran talks. Oil plunged as supply concerns eased, while attention is turning to China where the war has overshadowed fresh developments.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The ASX snapped a two-day slide today, lifting 0.5% on renewed hopes for a US-Iran peace deal. While gains halved from morning peaks following the start of a US Navy blockade in the Strait of Hormuz, the market remained resilient. BHP surged 3.2% after reports that China is reopening doors to its iron ore, but the corporate "war toll" weighed elsewhere. Qantas flagged an $800 million fuel hit, Westpac fell 2.6%, and Cleanaway cut profit guidance. Meanwhile, consumer confidence plunged 12.5% to near-record lows.
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.
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US shares rose after President Trump said Iran wants to make a deal. Oil prices also jumped after Tehran threatened to retaliate against the military blockade and how the impact of the oil crisis is being felt most acutely across Asia.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Aussie share market fell on Monday as failed US-Iran talks reignited Middle East tensions, lifting oil prices and weighing on investor sentiment. The ASX 200 slipped 0.4% with tech stocks hardest hit, while energy and defensive sectors gained. A2 Milk plunged 12% after downgrading profit forecasts due to supply chain disruptions in China. Investors will watch US earnings, jobs data, and further geopolitical developments this week.
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.
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No deal has been reached following weekend talks between the US and Iran, keeping uncertainty elevated. Six weeks into the conflict, conditions along a key global shipping route are expected to deteriorate further, so what impact will this have on markets?
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.
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The local market snapped its three-day winning streak with a cautious 0.1% dip today, as investors braced for weekend US-Iran peace talks. Despite the minor pullback, the ASX rallied 4.4% across this holiday-shortened week leading to its strongest performance in over three years - recouping a massive portion of its March losses. Financials and Materials led the charge, while Energy slumped 5% as ceasefire hopes weighed on oil prices. Telix Pharmaceuticals soared 7% on positive FDA news, while Fortescue slipped 1.3%. All eyes now pivot to tonight’s US inflation data, with expectations of a tick higher to 3%, as well as US-Iran peace talks over the weekend.
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.
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Oil prices remain volatile as investors question the effectiveness of a two-week ceasefire. News of key weekend talks has also filtered through with attention now turning to how Wall Street reacted and what lies ahead for the Aussie share market.
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.
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The Aussie share market has steadied after two days of strong gains, with energy stocks rebounding on higher oil prices while technology shares retreated. The ASX 200 remains up around 5.7% over the past five days, recovering much of March's losses. Investors are closely watching developments in the Middle East conflict and upcoming US inflation data, which could influence market direction in the coming days.
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.
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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Stock markets surged after a ceasefire agreement between the US and Iran, while oil tumbled on expectations the Strait of Hormuz will reopen soon. Back home, the ASX is set to slip after yesterday’s surge.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Aussie share market jumped 2.6% today, its best day in about a year, after the US and Iran agreed to a two-week ceasefire. Energy stocks led losses with Woodside down 10.5% as oil prices plunged 17%. Technology stocks rebounded strongly, up over 7%, while gold miners surged as the precious metal gained 5%. Defensive sectors like utilities and consumer staples underperformed as war concerns eased.
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.
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US markets pared losses as the deadline on Donald Trump’s ultimatum to Iran draws closer. The President made further extraordinary threats, prompting the White House to deny the potential use of nuclear weapons, while Aussies are expected to feel the pinch beyond petrol prices soon enough.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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Local shares ignored brewing geopolitical tensions today, with the index surging 1.7%. Despite a looming 10:00 AM deadline for President Trump’s threatened strikes on Iranian infrastructure, all 11 sectors finished higher in a broad-based relief rally. Tech was the standout performer, leaping 4% while retail also saw explosive moves; Guzman y Gomez skyrocketed 18.5% on strong quarterly sales, while Domino’s bounced 7%. Bank of Queensland jumped 7% after offloading its equipment financing book to Challenger, signaling a potential $300 million return to shareholders. Investors now shift their focus to tonight's US trade and Friday's crucial March inflation data.
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.
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US markets moved higher as the deadline looms on Donald Trump’s latest ultimatum for Iran to open a vital route for global energy supplies. Attention is also turning to oil prices and what lies ahead for the Aussie share market after the Easter long weekend.
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.
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Aussie shares tumbled on Thursday as President Trump's hawkish speech on Iran rattled global markets, reversing Wednesday's strong gains. The ASX 200 fell sharply, with energy stocks initially rising on oil price spikes before reversing. Defensive sectors like consumer staples and utilities outperformed as investors sought safety amid escalating geopolitical tensions. Markets will be closed for the Easter long weekend, with the US market reopening Monday, setting up a potentially volatile Tuesday session for Australian investors.
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.
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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Markets rose on optimism that the war could soon come to an end, lifting risk appetite and pushing most commodities and the Australian dollar higher. Attention is also turning to the latest market acronym, HALO, but what’s behind it?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market staged a dramatic rebound on Wednesday, surging over 2% in its strongest session in almost a year as optimism grew around potential de-escalation in the Iran conflict. The S&P/ASX 200 climbed to a two-week high, with gold miners leading the charge after a brutal March, while tech stocks and materials also rebounded strongly. The rally followed comments from US President Trump suggesting the conflict could end within weeks, sparking a 3% surge on Wall Street overnight. Investors also shrugged off concerns about potential fuel restrictions ahead of the Easter break, with most sectors advancing and only utilities in the red.
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.
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Markets have surged on hopes the war could soon end, with encouraging signs emerging from both Donald Trump and Iran. It marks a positive end to what has otherwise been a brutal month for investors.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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While the index clawed back from morning lows following reports of potential de-escalation in the Middle East, it wasn't enough to mask a shocker of a month for the ASX. March saw the benchmark plunge nearly 8%, marking its steepest monthly decline since June 2022. Energy was the runaway winner, surging 20% on record oil disruptions, while Materials and Gold miners faced their worst sell-offs in over a decade. Domestic news added to the heavy mood, with consumer confidence hitting a 50-year record low as petrol prices breached $2.50 per litre. Meanwhile, the RBA announced a landmark ban on most card surcharges starting October, and ARN Media shares cratered 17% following a high-profile legal claim from Jackie O.
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.
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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The ASX is expected to move higher despite a softer lead from Wall Street. Oil prices pared gains after a G7 pledge to stabilise energy markets, while attention is also turning to why the “Magnificent Seven” stocks aren’t so magnificent this year.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Aussie share market fell sharply today, hitting a four-year low for the month as global uncertainty weighed heavily on investor sentiment. Energy stocks rallied on soaring oil prices, while banks and tech stocks led the decline. With one day left in March, the ASX 200 is on track for its worst monthly performance since June 2022. Investors remain focused on Middle East tensions and await further economic data from the US and RBA minutes.
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.
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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The conflict in the Middle East has entered its fifth week, with the weekend’s developments set to shape markets in the days ahead. The Aussie market is expected to open lower following recent weakness, while key economic data out of Australia this week will also be in focus.
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.
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The Aussie share market edged lower on Friday as investors remained cautious amid ongoing Middle East tensions, with energy stocks outperforming and technology shares under pressure. The ASX 200 is on track for its first weekly gain in four weeks, though still facing its worst monthly performance since June 2022. Market sentiment was influenced by delayed US military action against Iran and fluctuating oil prices, while sectors showed a split performance over the week.
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.
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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After nearly four weeks of fighting in the Middle East, uncertainty continues to surround proposals for a peace plan, pushing oil prices higher. Locally, the Aussie market is expected to open in the red, following losses 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.
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The Aussie share market closed little changed today as investors weighed conflicting signals from the US and Iran over a potential ceasefire. Energy stocks gained momentum from rebounding oil prices, while tech shares slipped. With three trading days left in March, the ASX 200 remains down around 7% for the month, with only energy and utilities in positive territory. Key dividend announcements from BHP, Woodside Energy, and others added some market activity, but broader sentiment remains cautious amid ongoing Middle East tensions and shifting expectations for US interest rates.
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.
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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The ASX is set to rise at the open on hopes of a ceasefire in Iran, with improving sentiment helping lift global markets. In the US and Europe, stocks and bonds climbed as oil prices fell, with investors keeping the recent March pullback in perspective.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market delivered its best day in six weeks, surging 1.9% as cooler-than-expected inflation data eased rate hike expectations. Energy stocks fell sharply amid reports of potential US-Iran negotiations, while materials and mining stocks led the charge. BHP and Rio Tinto posted strong gains, with Rio benefiting from $2 billion in government subsidies. The gold sub-sector rebounded 8%, though still down 25% this month. All sectors finished higher except energy and investors now await Trump’s speech tomorrow morning for further geopolitical cues.
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.
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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The ASX is set to open higher after choppy trading across overseas markets, with investors also turning their attention to key inflation data out of Australia today. On Wall Street, markets were mixed as Iran again denied talks, keeping geopolitical uncertainty in focus.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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A long-awaited reprieve arrived today, with the local market snapping a three-session losing streak after President Trump postponed strikes on Iranian energy assets. While the index surged early on, gains faded to 0.4% by the close as skepticism grew over conflicting reports of peace talks. Despite the bounce, the market remains down nearly 9% this month after briefly entering correction territory yesterday. Miners provided the heavy lifting with a 3% jump, offsetting a weak Financials sector. Energy stocks proved resilient; after an initial slump, the sector recovered as Brent crude climbed back above $103 a barrel. Meanwhile, Myer shares retreated after a 17% profit drop overshadowed record Black Friday sales. All eyes now shift to tomorrow's crucial February inflation data.
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.
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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The ASX is set to rebound as hopes grow of a resolution to the conflict in Iran. Oil has plunged back below US$100 a barrel, while attention is also turning to gold, with strong demand driving queues outside bullion stores.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The Aussie share market tumbled to a 10-month low as escalating US-Iran tensions sparked a global sell-off. The ASX 200 briefly entered correction territory, dragged down by a 2.4% fall in the materials sector, while energy stocks bucked the trend with a 1.3% gain. Miners including BHP, Rio Tinto and Fortescue posted double-digit losses this month, and gold stocks plunged 32% from record highs. The financial sector also slipped, weighed by the major banks. Investors remain on edge ahead of key inflation data and further geopolitical developments.
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.
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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Fluid, volatile and uncertain — the Middle East conflict is set to dominate financial markets again this week. The Aussie share market is set to fall following a sell-off in US markets, while oil has climbed to its highest level in nearly four years.
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.
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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The Aussie market hit a four-month low today, dropping 0.8% to conclude its third consecutive week of declines. It has now shed over 8% in March as the conflict near Iran enters its 20th day, sparking fears of the worst monthly performance in years. While Healthcare and Energy offered defensive cover, Financials and Materials led a late-session slide into a "sea of red." The month's stark divide continues: Energy is up 16% on high oil prices, while Materials has plunged 19%. Retailer Premier Investments mirrored the volatility, jumping 8.5% on results before finishing down 4.5%. With oil near $107, focus shifts to next Wednesday's inflation data for May rate hike clues.
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.
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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Escalating attacks in the Persian Gulf have caused long-term damage to major energy facilities, fuelling volatility across oil and natural gas markets. At the same time, investors have moved away from traditional safe havens, with gold and silver facing a sell-off. So how will the Aussie share market respond as we round out a choppy week?
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.
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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The Aussie share market tumbled today, dragged lower by global uncertainty and Middle East tensions, with the ASX 200 falling to its lowest level in months. Energy was the sole bright spot, surging as oil prices jumped to near 12-year highs. Investors also digested a stronger-than-expected jobs report, which raised the likelihood of further rate hikes from the RBA. With central bank meetings continuing worldwide, volatility remains elevated.
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.
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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The ASX is expected to plunge at the open after oil prices spike once again. In the US, the Federal Reserve kept rates on hold, while markets fell following hotter-than-expected producer prices.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The Aussie share market has posted modest gains for a second consecutive session, with most sectors advancing as investors await key US Federal Reserve interest rate decision and Australian jobs data. Energy stocks rebounded strongly, while tech shares remain under pressure despite today's gains. The market's recovery comes after hitting three-month lows earlier this week amid escalating Middle East tensions and rising oil prices.
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.
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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The ASX is set to edge higher as overseas markets rally, with Wall Street gaining ahead of the Federal Reserve’s interest rate decision. Meanwhile, markets remain focused on developments in the Middle East, where crude oil has once again climbed above US$103 a barrel.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Aussie market broke a three-day slide, lifting 0.4% even as the Reserve Bank raised interest rates to 4.1%. In a narrow 5-4 split decision, Governor Michelle Bullock cited persistent domestic inflation as the primary catalyst. While the hike was widely anticipated, the non-unanimous vote triggered a relief rally in Financials and Property stocks, though gains cooled after Bullock warned that a May hike remains "live." Gold miners dominated the winners, with Pantoro Gold soaring 12% following a broker upgrade. The Energy sector retreated as oil prices dipped toward $101 a barrel, while Temple & Webster slumped 8% amid broader retail weakness.
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.
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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The ASX is set to rise after closing lower for three straight sessions, with a rate decision from the Reserve Bank of Australia due later today. Meanwhile, on Wall Street, markets rebounded led by technology stocks, while oil retreated after Iran allowed some ships to pass through the Strait of Hormuz.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The Aussie share market fell for a third straight session today, weighed down by mining stocks and broader market jitters amid escalating Middle East tensions. Energy was a rare bright spot, lifted by rising oil prices, while materials and financials struggled. With the RBA meeting tomorrow, investors are weighing the risk of another rate hike as inflation concerns grow. China's economic data offered some relief, though property remains weak. Dividends are also in focus as many stocks trade ex-dividend.
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.
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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Another sell-off is expected when the Aussie share market opens on Monday, extending the recent weakness. It’s a big week for interest-rate decisions in Australia, the US and around the globe, while investors are also watching the latest developments in oil supply.
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.
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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The Aussie market closed out a turbulent week with a muted session on Friday as investors took a breather after a volatile week dominated by Middle East tensions. The ASX 200 ended down 0.1%, with the materials sector dragged lower by a 6% fall in gold miners, while financials gained 1% ahead of next week's RBA interest rate decision. Northern Star plummeted 18% after cutting production guidance, and BHP fell amid an ongoing iron ore contract dispute with China. Energy stocks were the week's sole gainers, up 2.5%, as the broader market heads for its first monthly loss in three months.
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.
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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Oil markets remain in focus with prices above US$100 a barrel as attacks on oil tankers in the Middle East ramp up. Stocks were in the red across the US and Europe, and after losses on the Aussie market yesterday the ASX looks set to extend the slide. Meanwhile, US bond yields also soared as inflation fears further dent rate-cut expectations.
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.
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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The Australian share market fell sharply today, as geopolitical tensions in the Middle East rattled investors, with the ASX 200 dropping 1.3%. Energy stocks gained strongly on surging oil prices, while tech and real estate sectors led the broader market decline. Investors are also bracing for a potential RBA rate hike next week, adding to market uncertainty. Key company updates included Collins Foods' European expansion and Alcoa's broker upgrade, while Liontown fell despite strong revenue growth.
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.
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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The ASX is set to fall after US markets slipped overnight. Oil prices also jumped despite an agreement to release reserves, while US inflation edged higher with more increases expected in the months ahead.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The Australian share market posted modest gains today, with banks and miners leading the charge as investors weighed RBA rate hike expectations and Middle East tensions. The ASX 200 climbed around 0.6%, recovering some of Monday's losses, though sectors like tech and healthcare lagged. Energy stocks showed volatility amid fluctuating oil prices, while gold miners gained modestly. Investors remain cautious, closely watching geopolitical developments and upcoming inflation data from the US.
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.
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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The ASX is set to rise at the open as oil prices sink, providing some relief for markets. On Wall Street, markets moved higher after Donald Trump said the war could soon end, while gold leapt and base metals rallied as the US dollar paused its recent surge.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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Local shares staged a relief rally today, reclaiming ground after yesterday's bruising 2.9% sell-off. Sentiment shifted following comments from President Trump suggesting the Middle East conflict could conclude "very soon," cooling the panic that recently gripped global markets. While the index faded from its morning peaks, it remained firmly in the green as oil prices retreated below $90 a barrel. The Energy sector, yesterday's lone winner, reversed course to lead the declines, with Woodside and Santos sliding as supply fears eased. In contrast, Materials and Financials powered the rebound. BHP snapped a five-day losing streak, while cancer diagnostic firm Telix Pharmaceuticals soared 8% on positive Phase 3 trial results. However, gold miner Pantoro plummeted 22% after a guidance downgrade overshadowed a revenue jump.
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.
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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The ASX is set to rebound on Tuesday after overseas markets steadied overnight. In commodities, Brent crude briefly hit its highest level since 2022 before falling sharply, while a stronger US dollar weighed on other commodity prices.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market tumbled to its lowest point since December, extending its worst day in nearly a year as Middle East tensions escalated. Energy was the sole gainer, rising 2% amid oil prices surging past $100 a barrel, while every other sector recorded steep losses. Investors braced for prolonged conflict impacts, including higher inflation and economic uncertainty, as the VIX volatility index hit its highest level since April last year.
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.
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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The ASX is set to dive as oil prices spike amid escalating conflict in Iran, while a disappointing US jobs report also weighed on markets. Meanwhile, metals and mineral prices surged as tensions in the Middle East intensified.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Aussie market endured a bruising week, on track for its sharpest weekly decline since early 2025. While Energy stocks offered some protection - buoyed by a 20% surge in oil prices this week - the broader market succumbed to fears of an inflationary shock. Materials and Gold miners were heavily sold off today as the US dollar strengthened, while Uranium miner Deep Yellow plunged over 12% after delaying a key project decision in Namibia. Amid the sea of red, Tech stocks emerged as rare winners. WiseTech spearheaded a relief rally, leaping 11% as opportunistic investors rotated back into growth names that had been previously battered by selling pressure. All eyes now shift to tonight’s critical US non-farm payrolls and next week’s US inflation data for the next directional cue.
Laura Besarati is a Market Analyst at CommSec. Each episode, she break's down the day's market movements and explains what the numbers really mean.
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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The ASX is set to tumble as escalating conflict in Iran sends oil prices higher. Elsewhere, US bonds sold off for a fourth straight session as doubts grow over the timing of rate cuts, while Wall Street also fell amid reports of new chipmaker restrictions.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market rebounded on Thursday, recovering roughly half of the previous session's losses as investors shrugged off geopolitical tensions and bought back into oversold stocks. Technology led the gains with a strong four percent rise, while energy stocks recovered despite earlier weakness. The positive lead came from Wall Street, where major US indices rose on signs of economic resilience. Investors are now looking ahead to US jobs data and monitoring ongoing developments in the Middle East.
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.
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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The Aussie market is set to rebound amid hopes of de-escalation in the conflict involving Iran, while on Wall Street, the Nasdaq led a broader rally, buoyed by strength in technology stocks. In commodities, oil edged higher amid another volatile trading session.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Australian share market suffered its worst day in a month, extending losses for a second straight session with all 11 sectors in negative territory. The conflict in the Middle East has heightened volatility, overshadowing stronger-than-expected GDP data showing 2.6% annual growth. Energy prices surged as Trump directed the US Navy to escort tankers through the Strait of Hormuz, while gold miners faced profit-taking after recent record highs.
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.
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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Aussie shares are tipped to slide at the open, following heavy losses on Wall Street where the Dow Jones fell by as much as 1,200 points at one stage. So what are investors abandoning, and where is the money flowing?
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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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The Aussie market stumbled today, posting one of its worst sessions in weeks as escalating Middle East tensions unnerved investors. The ASX 200 retreated sharply, weighed down by widespread caution, though the Energy sector provided a rare bright spot. Oil prices soared after reports of a blockade at the Strait of Hormuz, pushing local coal miners higher. In contrast, it was a "sea of red" elsewhere; gold miners slumped despite record bullion prices as investors locked in profits, and Live360 plummeted to its worst level in a year following earnings. Magellan Financial was the undeniable standout, soaring over 20% after announcing a blockbuster $1.6 billion merger with Barrenjoey. All eyes now pivot to Wednesday's critical GDP print.
Laura Besarati is a Market Analyst at CommSec. Each episode, she break's down the day's market movements and explains what the numbers really mean.
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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Aussie shares are expected to open lower after setting another fresh record while on Wall Street, investors are reacting to the escalating conflict in the Middle East. We also take a look at the US dollar and gold as investors flock into traditional safe havens.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The ASX 200 ended Monday little changed as escalating Middle East tensions sparked sharp sector swings. Energy stocks soared 5.5% to a 1.5-year high, while gold miners jumped on safe-haven demand. Defensive staples gained, but banks and tech fell amid global uncertainty. Investors await potential US-Iran talks and key economic data including Australian GDP and US jobs figures this week.
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.
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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A rocky start to the ASX is expected after weekend strikes on Iran rattled sentiment. Oil, gold and defence stocks are tipped to gain as investors price in geopolitical risk, while Wall Street slumped on the news, setting a cautious tone for the local open.
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.
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The ASX wrapped up a strong February with a 1.3% weekly gain, its best monthly performance in nearly a year. Mining and financials led the charge while consumer staples lagged after Coles underwhelmed compared to Woolworths. Block surged despite announcing 40% workforce cuts, while Harvey Norman rose despite Jerry Harvey's disappointment. Investors now watch ex-dividend stocks and key US data 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.
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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The ASX is set to open flat as overseas markets slump. Despite strong results from Nvidia, Wall Street investors remained unconvinced, with fresh concerns emerging around the AI trade. Locally, attention now turns to Coles’ earnings and whether it can match Woolworths’ strong showing from earlier in the week.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The ASX200 hit a fresh record above 9,200 points, driven by strong gains in tech and healthcare sectors. Energy lagged, down 1.5%. Earnings season saw Qantas and Super Retail Group report mixed results. The market remains resilient despite inflation concerns and upcoming rate decisions. Tomorrow marks the final day of reporting season with key stocks like Coles and The Star Entertainment Group releasing results.
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.
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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The Aussie market is poised for a positive open after climbing to a fresh record high. Wall Street also extended its gains overnight, while investors now turn their attention to what the latest inflation reading could mean for interest rates.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The ASX 200 climbed to a fresh record today, shrugging off stronger-than-expected inflation data. Markets followed positive leads from Wall Street despite volatility around Trump's State of the Union address. Key sectors included technology, consumer staples, and materials which hit its own record high. Investors await Coles' results and NVIDIA's overnight earnings, with RBA rate decisions still on the horizon.
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.
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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The ASX is set to open strongly as investors brace for a fresh round of earnings reports. On Wall Street, stocks rebounded as technology shares recovered, with markets looking ahead to Nvidia’s results. In commodities, gold slipped from three-week highs as a firmer US dollar weighed on prices.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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Aussie stocks stalled today, drifting lower for a third session as global uncertainty took hold. Despite an early climb, the index succumbed to a late fade, echoing a weak Wall Street lead where the S&P 500 slumped on AI disruption fears and the official start of President Trump’s trade tariffs. A 10% levy on all global imports took effect this afternoon. Energy and Materials sectors provided the only sparks, with the latter hitting a record high as BHP cracked a fresh peak. Lithium miners Liontown and Pilbara Minerals also surged following a price rebound. In reporting news, Viva Energy and Woodside jumped after beating expectations, but Adore Beauty plummeted 28% as deep discounting savaged margins.
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.
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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ASX futures are pointing to a positive start, despite a sharp sell-off on Wall Street overnight as investors grappled with fresh uncertainty around tariffs. In commodities, gold spiked on safe-haven demand while broader prices eased, setting up a mixed backdrop for the local session.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The ASX200 fell 0.6% as tech stocks underperformed, dragged down by US futures. Inflation data and Trump's tariff uncertainty dominated, with gold miners like Ramelius Resources leading gains. Profit season begins with mixed results, including Fisher & Paykel's guidance lift. Key events include Wednesday's inflation data and Friday's ex-dividend announcements.
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.
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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All eyes will be on the Australian market’s reaction, after further fallout over the weekend from a key US Supreme Court decision that struck down President Trump’s tariffs. The legal ruling was welcomed by investors on Wall Street and European markets, but the ride isn’t over yet. Locally, earnings season is continued to ramp up.
James Gruber, Equity Market Strategist at CommSec takes you through all the key numbers.
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The Aussie market caught its breath on Friday, finishing almost completely flat after a massive week that saw the ASX 200 finally scale new record heights. While the index took a minor five-point dip today, it still locked in a nearly 2% gain for the week—its best performance since May. Reporting season remained the primary driver of volatility. QBE Insurance surged after a profit jump, while shipbuilder Austal climbed on a new $4 billion ADF contract. However, the retail space was bruised; Guzman y Gomez slumped to a record low despite rising profits. Ingham's also plummeted 13% following a profit warning and dividend cut. With Nvidia and Aussie inflation data on the horizon, the focus now shifts to whether the market can sustain its record-breaking momentum next week.
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Wall Street pulled back overnight, led lower by a slide in Nvidia and sharp losses across private equity stocks. Meanwhile, Walmart flagged worrying economic signals in a cautious outlook and European markets also retreated from record highs after a mixed batch of earnings. In commodities, oil climbed to a six-month high on concerns over a potential US–Iran conflict, while gold eased as investors awaited US inflation data. Back home, Aussie shares are poised to snap a four-day winning streak.
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CommSec hosts Steve Daghlian and Laura Besarati report the ASX 200 hit a fresh record high, extending its winning streak to four days. Earnings season drove gains, with banks and resources leading. Jobs data showed 17,800 new jobs, supporting rate hike bets. Upcoming: inflation data and more results.
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Wall Street finished higher, with tech stocks recouping recent losses and broader markets holding gains following the latest Federal Reserve minutes. Elsewhere, Nvidia climbed as Meta deepened ties with the chipmaker. In Europe, stocks closed at fresh record highs, extending the global risk-on tone. In commodities, oil prices jumped 4% amid escalating tensions between Iran and the US, while gold prices rebounded as investors weighed the mounting geopolitical risks. Back home, Aussie shares are set to rise for a fourth straight session on Thursday, with attention turning to key jobs data.
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The Aussie market extended its winning streak for a third session, with the ASX 200 briefly scaling the 9,000-point peak for the first time in a week. The Financials and Property sectors led the charge, while Materials lagged due to a retreat in gold prices and profit-taking in BHP. NAB was a standout, surging to a record high on the back of a strong quarterly profit lift. Both Superloop and Netwealth soared, and health insurers Medibank and NIB also climbed after the government approved the largest premium hikes since 2017. However, Santos announced job cuts amid a profit slump, and Suncorp faced pressure from rising disaster claims. All eyes now pivot to tomorrow’s "Super Thursday," featuring heavyweights like Rio Tinto, Telstra, and the critical Aussie jobs report.
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Volatility gripped Wall Street as tech stocks wavered amid renewed concerns about AI, although gains in financials helped steady the broader market. In company news, Warner Bros. reopened talks after Paramount signalled a higher bid, while in Europe, the FTSE 100 edged higher as softer jobs data bolstered rate-cut expectations. In commodities, oil prices slipped on signs of progress in US-Iran talks, while gold also fell as the US dollar strengthened. Back home, Aussie shares are poised to extend gains for a third straight session, with focus turning to upcoming wages data.
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The Aussie market pushed higher for a second day, though gains were modest as investors navigated a quiet global lead with US and Chinese markets closed. The Materials sector did the heavy lifting, propelled by BHP which surged to a fresh all-time high. The company's half-year results stunned the market, as copper earnings surpassed iron ore for the first time, driven by a global push for electrification and AI infrastructure. Reporting season drama provided the day's biggest swings elsewhere. Baby Bunting soared after a 25% sales jump, while A2 Milk and JB Hi-Fi extended yesterday's post-earnings rallies. However, it wasn't all one-way traffic; Reliance Worldwide tumbled as US tariffs and weak housing demand dented profits, and Seek fell despite an adjusted profit beat as investors fretted over a massive write-down of its Chinese investment, Zhaopin.
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Global stocks and bonds were little changed in holiday-thinned US trading, while European shares edged higher, supported by gains in financials ahead of key earnings results. In commodities, oil prices rose ahead of US-Iran nuclear talks, while gold slipped in thin trade as the US dollar strengthened. Back home, the ASX is expected to open higher on Tuesday, with investors focused on earnings from BHP, Challenger and Seek.
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Aussie shares edged up about 0.25% as earnings season ramps with almost 100 results due. Tech led gains after steep falls while materials and miners slipped amid Rio Tinto’s Guinea shutdown and iron ore near US$97 a tonne. Highlights: A2 Milk Company beat forecasts, Treasury Wine Estates swung to a $649m loss, Qube Holdings takeover agreed and JB Hi-Fi posted record sales. BHP results and Thursday jobs data are next.
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Wall Street closed the week slightly higher, with the S&P 500 edging up as cooler US inflation offset weakness in tech. Treasury yields fell after the CPI reading kept hopes for Fed rate cuts alive, while Coinbase rebounded as Bitcoin surged to US$69,000. Elsewhere, European shares edged lower amid renewed concerns around AI valuations. In commodities, oil settled higher on optimism around the US inflation outlook, gold jumped more than 2% on rate-cut hopes, while iron ore slipped ahead of a holiday in China. Back home, Aussie shares are set to open higher ahead of a bumper week of earnings.
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The ASX200 secured its best week since May, advancing 2.4%, but fell 1.3% today amid a US tech sell-off fuelled by AI disruption concerns and weaker commodity prices. Big swings hit reporting season stocks, with Temple & Webster down 33% and AMP surging after a 26% plunge. Next week, Rio Tinto and Telstra report, while CBA trades ex-dividend.
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Tech and software stocks led Wall Street sharply lower, with the Dow Jones falling 500 points and the S&P 500 shedding 1% as fears of AI disruption spread. In Europe, shares retreated from record highs, weighed down by weakness in financials. In commodities, oil slid 3% on updated supply forecasts, while gold eased after strong US jobs data dampened rate-cut expectations. Back home, Aussie shares are expected to tumble at the open.
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The ASX200 rose modestly on Thursday, up 0.25%, after briefly nearing record highs this week. Bank earnings drove gains, with ANZ jumping 8.5% and CBA climbing 5.5%, though tech and healthcare dragged. Tech fell 6% while CSL slumped 6.9% after half-year results and a CEO resignation. For the week, the market advanced 3.7%. Tonight, focus shifts to US oil inventories and earnings from Airbnb, Applied Materials, and Pinterest.
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US stocks were mixed while Treasuries fell after strong jobs data tempered expectations for near-term Fed rate cuts. Investor caution weighed on software names, although Generac bucked the trend, rising on optimism around data centre demand. In Europe, commodity strength helped lift shares to fresh record highs. In commodities, oil advanced as Middle East tensions outweighed a large build in US crude inventories, while gold rose 1% as buyers looked past the robust jobs report. Back home, Australian shares are expected to edge higher on Thursday, with the Aussie dollar hovering near a three-year high.
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The ASX200 rose 1.6% Wednesday, hitting the 9,000-point level for the first time in 3.5 months as reporting season gained momentum. Financials led gains after CBA's strong half-year results provided a 7% lift, adding about 60 points to the index. The Aussie dollar surged to a 19-month high following RBA hawkish comments that inflation remains too high. Investors now await US jobs data and a wave of local company reports including AMP and Northern Star.
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US stocks wavered while Treasuries surged after weak retail sales bolstered expectations of Federal Reserve rate cuts. Coca-Cola’s outlook disappointed, though Marriott hit a record high after issuing stronger-than-expected guidance. In Europe, losses in energy stocks offset gains in Ferrari. In commodities, oil edged lower as traders weighed Middle East supply risks, while gold slipped ahead of key US jobs and inflation data. Back home, Aussie shares are expected to open higher on Wednesday, with a bumper earnings day ahead and CSL in focus.
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The Aussie market clawed back last week’s losses as a resurgence in Materials and Health Care offset a late fade in the banks. Insurers were hammered by fresh AI disruption fears, following the US launch of an AI-powered comparison tool by Insurify, which sparked a heavy sell-off for local companies like Steadfast and IAG. In the resources space, Uranium stocks and BHP advanced, and Pilbara Minerals also found support after locking in a major lithium offtake agreement. However, G8 Education crashed nearly 20% after scrapping its dividend and flagging a massive $350 million write-down. Attention now pivots to a high-stakes Wednesday, with CBA and CSL set to headline the busiest day of the reporting season so far.
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Tech stocks led a rebound on Wall Street as investors awaited key economic data, while Treasuries were choppy after a move by China added pressure to the bond market. In Europe, shares closed at record highs as AI-related worries eased. In commodities, precious metals rose as the US dollar slipped, while oil prices climbed more than 1% after the US urged caution for vessels near Iran. Back home, Aussie shares are expected to open higher ahead of James Hardie’s earnings results.
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Aussie stocks rebounded sharply on Monday, up 1.9% after a 2% drop last week, with all sectors in green. Gains supported by a strong US market rebound and tech bounce. Reporting season ramps up with key companies like CBA and CSL releasing results, while gold miners surged on rebounded prices. Investors now await US inflation and jobs data.
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US markets logged their best session since May last year, with Nvidia surging after upbeat AI comments from CEO Jensen Huang. The rally was partly offset by Amazon, which slid the most since August after unveiling a US$200 billion spending plan, while a sharp plunge in Stellantis weighed on auto stocks more broadly. In commodities, oil prices climbed on concerns over a potential US–Iran conflict, while iron ore eased ahead of China’s Lunar New Year holiday. Back home, a rebound is expected in Aussie shares, supported by gains in base and precious metals.
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The ASX 200 slipped about 2.3 % on Friday, the worst day in ten months, as every sector posted losses. Weak US tech, falling commodity prices and concerns over the new Fed chair amplified the sell‑off. CBA rallied 6.4 % after a rebound, but WEB Travel plunged 30 % following a tax‑audit notice. Look ahead to US jobs and inflation data, the RBA’s May rate outlook, and a busy Australian reporting week featuring CBA, AMP, IAG, ANZ, Westpac, Evolution, Northern Star, CSL and Cochlear. Also watch Japan’s snap election for possible market moves.
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Wall Street slumped after Alphabet’s capital spending plans unsettled investors, while a weak outlook from Qualcomm deepened the tech sell-off. In Europe, the European Central Bank and the Bank of England kept interest rates unchanged, while Rio Tinto and Glencore separately abandoned merger talks. In commodities, silver plunged nearly 14% amid a firmer US dollar, a move that is likely to weigh on Australian shares, which are expected to fall on Friday.
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The ASX200 eased 0.4 % (≈ 39 points) after three days of gains, led by a 3 % fall in materials as silver plunged 14 % and gold slipped 2 %. Tech stocks stayed weak, extending a seventh‑month decline, while BHP fell 4 % letting CBA retake the top spot. Look ahead to ECB and BOE rate holds, US oil inventory data and earnings from Amazon, Barrick, Bristol-Myers Squibb and Estée Lauder.
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Wall Street slid overnight as renewed AI concerns weighed on tech stocks, dragging the Nasdaq down 2%. AMD led the sell-off, posting its steepest decline since 2018 after a disappointing outlook. In Europe, shares closed at record highs, bucking the global tech weakness. In commodities, oil prices jumped 3% on concerns around US-Iran talks, while copper fell as a stronger US dollar and inventory outlook pressured prices. Back home, Aussie shares are expected to open lower, tracking the continued tech rout.
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The Aussie market pushed higher for a second session, showing remarkable resilience by bucking a negative lead from Wall Street. While US indices retreated, the ASX 200 climbed as the Materials and Energy sectors did the heavy lifting. Gold miners were the standout performers after bullion prices surged, and BHP hit a fresh all-time high. However, it was a "sea of red" for the Tech sector, which slumped to its lowest level in two years. Software giant Xero plummeted to a multi-year low as fears intensified over AI disrupting traditional software models, and elsewhere Synlait Milk also crashed following a massive profit warning.
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Wall Street’s sell-off deepened overnight, led by software and cloud stocks. In corporate news, Walmart joined the US$1 trillion club, becoming the first retailer to reach the milestone. In Europe, shares climbed to fresh record highs, supported by strength in mining stocks. Commodities were volatile, with oil prices rising after the US shot down an Iranian drone, while gold jumped its most since 2008 as buyers returned to the market. Back home, Australian shares are expected to fall following the RBA’s rate hike, while the Aussie dollar surged initially before easing back.
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Aussie stocks staged a robust recovery today, reclaiming most of Monday’s losses despite the Reserve Bank of Australia handing down its first rate hike in over two years. The board unanimously lifted the cash rate to 3.85%, citing a material pick-up in inflation. Governor Michele Bullock maintained a cautious tone, refusing to rule further moves in or out while monitoring a tight labor market. The Materials sector spearheaded the rebound as gold and silver stabilised. Newmont surged after yesterday's heavy sell-off, while CBA rose despite flagging a multi-million dollar customer provision. Attention overnight turns to US earnings from Amazon and Alphabet.
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Wall Street kicked off February on a stronger note, led by gains in the tech sector, though losses in Walt Disney weighed on sentiment after the company flagged a weaker outlook. In Europe, shares climbed to record highs, driven by strength in banking stocks. Commodities were under pressure, with oil sliding 5% on signs of US-Iran de-escalation, while gold extended its selloff as higher CME margin requirements compounded recent losses. Back home, Aussie shares are expected to rebound, even as the Reserve Bank is poised to lift the cash rate.
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The Aussie market suffered its sharpest fall in months, sliding deep into the red as a global commodity rout sparked a nasty four-day losing streak. The sell-off followed President Trump’s nomination of Kevin Warsh as the next Fed Chair. Warsh’s hawkish reputation sent the US dollar surging, causing gold to suffer its steepest crash since the 1980s and silver to plunge even further. Local gold miners like Newmont and Northern Star were crushed as the broader Materials sector retreated sharply. In contrast, Nine Entertainment extended its winning streak following a massive billboard acquisition. GrainCorp plummeted on a major profit downgrade, while the "Big Four" banks showed some resilience. All eyes now pivot to tomorrow’s high-stakes RBA meeting, with markets heavily favouring the first interest rate hike in over two years.
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US stocks tumbled and precious metals slumped after Donald Trump chose Kevin Warsh as the next chairman of the central bank. Apple defied the broader sell-off, reporting its strongest-ever iPhone sales. In commodities, silver has plunged 30% from recent highs in its worst stretch since 1980, while gold recorded its steepest fall since 1983. Back home, Australian home prices continued to rise in January, though local shares are expected to open lower as the RBA begins its two-day policy meeting.
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The Aussie market ended January with its third daily decline, down 0.7%. A 3% tumble in Materials led the drop as gold and silver prices pulled back following a historic 20% monthly rally. Sentiment was further pressured by speculation that Trump will nominate hawk Kevin Warsh as the next Fed Chair. Locally, Nine Entertainment jumped 4% after a massive $850 million pivot to acquire billboard giant QMS Media, while ResMed rose 4% on strong earnings. All eyes now turn to Tuesday’s RBA meeting, with a 70% chance of a rate hike looming.
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US stocks swung as investor nerves around hefty AI spending sparked volatility, with Microsoft sliding after flagging a sharp jump in capital expenditure. That tech-led weakness spilled into Europe, where stocks were dragged lower by a broader sell-off in the sector. In commodities, gold eased as investors took profits following record highs, while copper surged to fresh all-time highs as speculative buying gathered pace. Back home, Aussie shares are set to open higher, supported by oil prices climbing to a five-month high.
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The Aussie market finished almost flat today, recovering from morning lows despite lingering rate hike fears. While the ASX 200 slipped for a second session, the real drama unfolded in the commodities space as gold shattered records, soaring to $5,500 per ounce. BHP continued its record run, hitting an all-time high, while Deep Yellow surged 12%. Conversely, rare earth miners like Ioneer and Lynas tumbled after reports the Trump administration may abandon price floors for critical minerals. Attention now turns to tonight's US earnings from Apple and Amazon.
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Wall Street wavered overnight, with the S&P 500 briefly topping the 7,000 mark before pulling back as investors looked ahead to the Fed decision and big tech earnings. Meanwhile, US Treasuries fell and equities struggled for direction after the Fed held rates steady. Elsewhere, European shares slipped, weighed down by weakness in luxury stocks. Commodities saw oil prices hover near four-month highs, while gold surged past US$5,300 for the first time. Locally, Aussie shares are expected to edge lower amid renewed rate hike jitters.
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The Aussie market’s winning streak snapped today as hotter-than-expected inflation data fueled fears of a February rate hike. With core inflation hitting 3.4%, markets are now pricing in a 70% chance of an RBA move next Tuesday, sparking a sell-off in Retail and Tech stocks. Despite the gloom, BHP hit a record all-time high, cementing its position as Australia's most valuable company, while the Aussie dollar cracked 70 US cents for the first time in nearly three years. Energy stocks also sparkled, led by a 3% lift for Woodside following a production beat. Attention now turns to the US Fed decision tonight and a massive slate of tech earnings including Meta and Microsoft.
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Wall Street pushed to fresh records, with the S&P 500 hitting new highs on solid corporate earnings as the US dollar slid to a four-year low. Upcoming results from the Magnificent Seven are expected to test the rally, while Medicare rate changes are weighing on health insurers. Meanwhile, US bond yields were mixed ahead of an expected pause in Fed rate cuts. In the commodities market, oil futures surged as winter storms disrupted US production. Back home, Aussie shares are expected to rise for a fourth straight session ahead of key inflation data, while the Aussie dollar climbed to a three-year high as the greenback rout deepened.
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The Aussie market surged to a three-month high, driven by a powerful mining rally and Wall Street momentum. BHP reclaimed its title as Australia’s most valuable company from CBA, hitting a two-year high as safe-haven demand pushed gold past $5,100 and silver to record peaks. 10 of 11 sectors lifted, however DroneShield tumbled 6% on pipeline concerns despite record revenues. All eyes now pivot to tomorrow's critical inflation data, with markets pricing a 60% chance of a February RBA rate hike. US tech earnings from Meta, Microsoft, and Apple add to a high-stakes week as the ASX targets 9,000 points.
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Wall Street extended gains, with the S&P 500 and Nasdaq rising for a fourth straight session ahead of mega-cap earnings and the upcoming Fed decision. Elsewhere, US bond yields edged lower as investors assessed demand, while European shares finished higher, led by bank stocks with earnings in focus. In commodities, oil prices dipped as traders weighed a US coal snap and the resumption of supply from Kazakhstan, while gold surged to a fresh record above $5,100 on heightened geopolitical demand. Back home, Aussie shares are expected to reopen higher on Tuesday, supported by soaring precious metals.
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The Aussie market capped a volatile week with a modest gain, as record-breaking gold prices and a tech surge offset weakness in the banking sector. Gold miners remained the standout story, with Evolution, Westgold, and Genesis hitting all-time highs as the precious metal tracked toward its strongest weekly gain since 2020. However, the day’s top performer was Life360, which skyrocketed 27% after hiking profit targets following record user growth. Guzman y Gomez also climbed 4% on an exclusive delivery deal with Uber. Looking ahead, a holiday-shortened week looms with the market closed Monday, followed by a high-stakes local inflation update and earnings from US giants Apple and Microsoft.
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Wall Street pushed toward record highs after tariff tensions eased and fresh data reinforced the resilience of the US economy. Meanwhile, US Treasury yields edged lower as solid employment and spending figures bolstered expectations that the Federal Reserve can stay on hold. Elsewhere, European shares rebounded after Donald Trump walked back tariff threats linked to Greenland. In commodities, oil slid 2% as Trump softened his stance on Greenland and Iran, while gold extended its record-setting rally, topping US$4,900 an ounce. Back home, Australian shares are expected to open flat ahead of the Australia Day long weekend.
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The ASX200 nudged up about 0.8 per cent after a choppy session, driven by US markets rallying on President Trump’s withdrawal of European tariff threats and a surprise boost in Australian employment. 65,200 jobs were added in December, lifting the market’s view of a February rate rise to roughly 60 per cent. Materials and tech led the losers, while energy, financials and miners showed gains. Looking ahead, the RBA’s Feb 3 meeting, US PCE inflation data and the Bank of Japan’s rate decision are set to shape market direction.
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Wall Street staged a cautious recovery after Donald Trump ruled out using force to acquire Greenland. In corporate news, Intel's shares jumped to their highest level since early 2022, while Netflix's shares fell on a tepid outlook. Meanwhile, US bond yields dipped after a recovery in Japanese government bonds. In commodities, oil prices edged higher as investors assessed a force majeure at a major Kazakh oilfield, while gold broke above US$4,800 an ounce. Back home, Aussie shares are expected to snap a three-day losing streak ahead of key jobs data.
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The Aussie market slipped for a third day as escalating US-Europe trade tensions sparked global jitters. While a heavy Wall Street sell-off pressured Financials and Tech, the ASX 200 showed resilience as Materials and Energy sectors rallied. Gold and silver hit fresh record peaks, fueling surges in Northern Star, Evolution, and Westgold, while Paladin Energy jumped 13% on a strong quarterly update. However the banks dragged the index lower, led by a 2.2% fall in CBA. A major highlight was Australian Strategic Materials, which skyrocketed 118% following a US takeover bid. Looking ahead, local jobs data, a wave of quarterly reports from Fortescue and Santos, and Trump’s appearance at Davos all shape the next 24 hours.
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Wall Street slid to a three-week low as the Greenland dispute sparked a global sell-off, with the 'Sell America' trade erasing the S&P 500’s 2026 gains. Long-dated US bonds fell on fresh tariff threats from Donald Trump, while Japanese markets also sold off. Across Europe, shares ended lower after Trump flagged tariffs on French wine and champagne. In commodities, gold surged to a record above US$4,700 an ounce and back home, Aussie shares are expected to fall on Wednesday as renewed rate-hike jitters spook investors.
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The Aussie market slipped for a second day as global investors braced for a volatile US reopening following President Trump’s latest tariff threats regarding Greenland. Materials and Financials led the declines, with BHP weighed down by rising project costs despite record production, and ARB tumbling 12% on a profit downgrade. In contrast, Utilities found support through Origin Energy, which delayed its Eraring plant closure to bolster supply stability, while Hub24 and Telix Pharmaceuticals gained on positive corporate news. Precious metals remained a standout as gold and silver hit fresh record highs amid ongoing geopolitical tensions. Looking ahead, the return of US trade, Netflix earnings, and a wave of local quarterly reports from Northern Star and Evolution all shape the next 24 hours.
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European stocks posted their biggest drop in two months after US President Donald Trump threatened additional tariffs over Greenland, rattling risk sentiment. With Wall Street closed for the Martin Luther King Jr. holiday, attention turned to commodities, where gold and silver surged to record highs on safe-haven demand tied to the Greenland dispute, while iron ore slid to a two-week low amid renewed concerns over China’s property sector. Back home, Aussie shares are expected to open lower on Tuesday, with BHP’s results in focus.
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The ASX200 fell about 0.3% to close 29 points lower after a five day rally, hit by mixed Chinese data that met growth targets but showed weakening retail and property trends. Materials and energy stocks lifted modestly, while banks and tech fell. Upcoming events include US MLK holiday, European futures, Australian jobs data and key earnings releases.
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Global markets are on edge after Donald Trump vowed fresh tariffs tied to Greenland, with Wall Street ending little changed on Friday ahead of the long US holiday weekend. Across the Atlantic, European shares closed subdued, weighed down by weakness in luxury stocks. In commodities, oil prices settled higher as the US entered the holiday period, while gold slid more than 1% on profit-taking. Back home, Australian shares are expected to open flat on Monday.
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The ASX200 rose about half a percent to just above 8,900, its best week in four months, driven by financials and consumer discretionary while tech and utilities slipped. Energy fell after oil prices dropped on eased US-Iran tension. Top gainers were Catalyst Metals and DroneShield. Look out for Aussie jobs, RBA meeting and US inflation data next week.
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Wall Street rebounded overnight as TSMC ignited a rally in chipmakers, lifting tech heavyweights while small caps continued to outperform. Goldman Sachs traders also notched a record-breaking performance. In Europe, shares climbed to fresh record highs, led by gains in technology and financial stocks. In commodities, oil slid 4% after comments from Donald Trump eased concerns over Iranian supply, while gold edged lower as stronger US jobs data boosted the US dollar. Back home, Aussie shares are expected to open flat after four consecutive sessions of gains.
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The ASX200 logged a fourth consecutive day of gains, up about 1.5% this week and 1.6% month‑to‑date, while the materials sector led with an 8% YTD rise and a 1% daily boost. Tech slipped 2.2% and Aussie Broadband fell 4.5%. BHP rallied 8% as its gap with CBA closed, and lithium miners surged, highlighted by Liontown’s 42% YTD jump. Looking ahead, US earnings, job‑less‑claims data, manufacturing figures and dividend‑paying ETFs will shape market sentiment.
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Wall Street slipped as mixed results from big banks weighed on sentiment, while tech stocks retreated on renewed concerns over Nvidia’s chip outlook. Travel stocks also came under pressure as the US flagged plans to cancel certain holiday visas. In Europe, shares closed at record highs on Wednesday. In commodities, oil climbed on Iranian supply concerns, while copper, gold and silver surged to all-time highs. Back home, Aussie shares are expected to edge higher on Thursday, supported by strength in the mining sector.
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The ASX200 barely moved, up 0.7 points and still near a two‑month high, about 3.3 % below last year’s record. Materials hit a fresh all‑time high (+0.9 %), while energy rose 2.3 % on oil gains. Financials fell 1.7 % led by CBA. Softer US inflation leaves the Fed likely to hold rates, with its decision and major US bank earnings later this week, and Australian jobs data due Thursday.
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Wall Street fell as a warning from JPMorgan over a proposed credit card rate cap weighed on financial stocks, while US bond yields moved lower after inflation data. Elsewhere, European shares slipped as investors digested a mixed bag of corporate updates. In commodities, oil jumped on the risk of Iranian supply disruptions, while gold hit a record high as softer inflation reinforced expectations of Federal Reserve rate cuts. Back home, Aussie shares are expected to open flat on Wednesday after the ASX 200 closed at two-month highs.
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The ASX200 was up about 0.7 % by early afternoon, led by a 2 % jump in the materials sector which hit a record high as gold and silver surged to fresh peaks. Financials and real estate added modest gains while energy and consumer staples slipped. US indexes closed at record levels, reinforcing global optimism. Upcoming focus includes US inflation data, the Fed’s Jan 28 rate decision, the start of earnings season and Australian job‑vacancy figures.
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Wall Street staged a cautious rebound amid ongoing Fed angst, with the S&P 500 touching a fresh record high, led by gains in retail giant Walmart. US banks lagged after a proposed rate cap reignited regulatory concerns, while the US dollar slipped following reports the Justice Department has subpoenaed Fed Chair Jerome Powell. Elsewhere, European shares endured a choppy session but still closed at record highs. In commodities, oil prices held near five-week highs as investors weighed developments in Iran and Venezuela, while gold surged to a new all-time high, a move likely to support Aussie shares on Tuesday.
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The ASX200 lifted about half of one percent in afternoon trade today, with the market up roughly three‑quarters of one percent at its peak. US equities posted a 1.8 % YTD gain and new‑record highs, while gold miners such as Newmont and Remelius rose over five percent on firm metal prices. Consumer discretionary led sector gains, up more than two percent, as the market looks ahead to February’s Australian earnings reports and the US inflation releases and earnings season that could shape momentum.
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US shares finished the first week of the year higher, led by gains in materials and chipmaker stocks, while US Treasuries ended mixed following the latest jobs data. Elsewhere, European markets closed at record highs after Glencore surged on takeover interest from Rio Tinto. In commodities, oil prices rose as traders assessed potential supply risks from Iran and Russia, while gold prices advanced following a softer-than-expected US payrolls report and ongoing geopolitical uncertainty. Back home, Aussie shares are set to open higher as investors look ahead to the Black Friday spending test.
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Steve and Laura reflect on the final trading session of 2025, which saw the Aussie market push higher to cap off a third consecutive year of gains. While the final week of trade was relatively subdued, a boost from the Technology and Financial sectors helped the benchmark index finish the year up nearly 6%. Reflecting on 2025, it was a massive year for the Materials sector, which surged 28% behind record-breaking runs in gold and silver, contrasting with a difficult period for Healthcare. Individual standouts included DroneShield, which finished as the year’s top performer, while HMC Capital and Bapcor were among those facing significant headwinds. Looking ahead, quarterly inflation data, central bank pivots from the RBA and the Fed, and the February reporting season all shape the outlook for the start of 2026.
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US stocks climbed while Treasury yields eased after inflation came in lower than expected. Micron surged on an upbeat outlook as the AI boom fuels demand for memory chips, while activist investor Elliott is reportedly building a $1 billion stake in Lululemon. In central bank news, the Bank of England cut interest rates following a tight vote. In the commodities market, gold hovered near record highs. Back home, Aussie shares are expected to cap off the final full trading week of 2025 on a strong note.
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A subdued and underwhelming session for the Aussie market, with stocks hovering around flat levels late in the day as energy names did most of the damage. Steve and Laura unpack weakness in Woodside after CEO Meg O’Neill announced her departure to take the top job at BP, mixed moves across the banks with CBA providing some support, and sharp falls among uranium stocks following a shock update from Boss Energy. There were brighter spots, including Bapcor jumping on a CEO change and Austal lifting after securing a $1 billion defence contract. Looking ahead, key US inflation data and several major central bank decisions are due in the next 24 hours.
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Wall Street fell as technology stocks retreated, with the Oracle–Blue Owl decoupling unsettling markets ahead of a looming wave of debt issuance. US Treasuries also slipped after dovish remarks from Fed Governor Christopher Waller. In commodities, silver surged to a record high above US$66 an ounce, while lithium prices jumped in China on plans to revoke mining licences. Back home, Aussie shares are expected to fall for a fourth straight session amid renewed rate-hike concerns.
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The ASX200 slipped about 0.2% for a third straight session, leaving the week down roughly 1.3%. Materials led gains, up 1.6% driven by Liontown (+12%) and IGO, while gold rose 4% on strong prices. Energy fell 1.4% as oil hit a five‑year low. US job growth slowed and unemployment hit 4.6%, trimming market expectations for an early Fed rate cut. Upcoming data includes US crude inventories, US jobs and retail figures, plus Australian population and national‑account releases, and AGMs for ANZ and Elders.
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US share markets slipped on Tuesday, with the S&P 500 weighed down by healthcare stocks as investors digested distorted economic data. The US dollar fell after delayed data pointed to softer jobs growth, while energy stocks sank as oil slipped below $60 a barrel amid Russia–Ukraine talks. European equities also retreated, led by sharp declines in defence stocks. Back home, Aussie shares are expected to fall for a third straight session ahead of the mid-year economic update.
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The ASX200 closed down 0.4% for a second straight session, led by energy off 2.3% and tech off 2.5% for a seventh day. DroneShield surged 22% after winning a €50 million European contract, while Orica rose 2.5% on strong explosives demand. Investors look ahead to US retail, jobs, manufacturing and inflation data, plus upcoming dividend payouts.
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Wall Street was subdued as investors brace for a busy week of jobs data, with US stocks edging lower while Treasuries firmed as the Fed rate debate continued. In company news, Tesla shares pushed toward a record high for the first time this year, while ServiceNow fell as analysts weighed the merits of its Armis acquisition. In commodities, oil prices slipped as the broader supply outlook offset disruptions to Venezuelan flows, copper rose on a weaker US dollar, and gold climbed to a seven-week high. Back home, Aussie shares are expected to fall ahead of consumer confidence data.
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The ASX200 fell 62 points, about 0.7%, its worst day in three weeks. The materials sector led losses, down 2.2% on dropping copper and iron ore prices and weaker Chinese data, with BHP and Rio pulling the market down. DroneShield bucked the trend, up roughly 10.5%. Investors now focus on US manufacturing, jobs and inflation releases, upcoming Fed speeches and the RBA’s Brad Jones address later today.
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US stocks fell as concerns over AI exuberance resurfaced, with Broadcom sliding amid margin worries, while Lululemon rallied after raising its annual profit outlook. Meanwhile, US government bond yields rose after Fed officials warned of lingering inflation pressures. Elsewhere, European shares also retreated as a risk-off mood spilled into commodities. Back home, Aussie shares are expected to open the week lower, snapping their longest winning streak since August.
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The Aussie market posted its best gain in three weeks, making it a third consecutive positive week, as global rate cut expectations and soaring commodity prices drove strong performance. Stevie and Laura review a volatile week that ended on a high note, with the benchmark index up 1.2% for the day. The Materials sector was the clear standout, lifting 2% to hit an all-time high, driven by gold and copper climbing to record prices following the US Federal Reserve's rate cut. The biggest individual gainers included several gold and uranium miners, while losers included Metcash, which traded ex-dividend, and shipbuilder Austal. Looking ahead, the final full week of trade brings important interest rate decisions from the European Central Bank, the Bank of England, and the Bank of Japan, alongside key US jobs and inflation data.
📺 Stay updated with the key factors that could influence the Australian and US share markets in 2026 with our 2026 Market Outlook.
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The Dow Jones jumped 600 points to a record high as an Oracle-led slide in AI names triggered a broader rotation out of the trade. Elsewhere, Walt Disney announced a $1 billion investment in OpenAI while fertiliser stocks climbed as Ukraine struck Russian fertiliser plants. At the same time, US Treasuries fell for a second straight session following the Fed’s statement and jobless claims posted their biggest rise since March 2020. In commodities, silver hit an all-time high, and copper climbed to a fresh record after the Fed’s rate cut. Back home, Aussie shares are expected to jump on China stimulus hopes.
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Stevie and Laura unpack a busy Thursday where the ASX jumped early on a US Fed rate cut, only to lose steam after a mixed local jobs report. The market still closed slightly higher, helped by gains in materials and real estate, while tech and healthcare dragged. Scentre Group was one of the standout performers after interest emerged in a potential stake sale at Westfield Sydney, Flight Center jumped on upgraded profit expectations following its UK cruise acquisition, and Myer surged on record Black Friday sales. On the weaker side, IAG slipped after the ACCC knocked back its planned WA insurance purchase.
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The US Federal Reserve has cut interest rates and has signalled one more reduction in 2026. In company news, GE Vernova surged as AI-driven demand supported higher dividends and buybacks, while Amazon’s growing grocery momentum pressured shares of Instacart and DoorDash. In commodities, oil rose after the Trump administration seized oil tankers off the Venezuelan coast, and copper and iron ore rebounded on China stimulus hopes. Back home, Aussie shares are expected to open higher ahead of key jobs data.
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The ASX200 edged lower, about 0.1% down, marking a 0.6% weekly decline. The RBA left rates unchanged and the US Fed decides tomorrow, keeping markets cautious. Materials rose 1.3% while tech fell 1.5% and financials slipped 0.4%. Silver hit $60/oz and gold gained, lifting their sub‑indexes. Investors watch the Fed announcement, Australian Job Standard data and China’s upcoming policy meeting.
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Wall Street opened cautiously, with US stocks and bonds fluctuating ahead of the Federal Reserve’s policy decision, while Treasury yields pared earlier declines after stronger-than-expected jobs data. In corporate news, Ray-Ban maker EssilorLuxottica closed lower as Google revealed plans for AI-powered glasses, and Donald Trump has approved Nvidia’s shipment of H200 chips to China. In commodities, iron ore extended its losses as supply from the Simandou project ramps up. Back home, Aussie shares are set to rise on Wednesday after the RBA takes rate cuts off the table for now.
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The ASX200 slipped about 0.5 % to under 8 600 points, with every sector in the red. Tech off 1.3 %, mining down 0.5 % and energy down 1 % after oil fell. The RBA left rates unchanged, shifting market focus to a 2026 hike. Look out for Thursday’s jobs numbers, January CPI and US Fed cut, plus quarterly ASX index rebalance.
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Wall Street slipped overnight as U.S. Treasury yields climbed to multi-month highs, with investors sharpening their focus on the Federal Reserve. In corporate news, Paramount ratcheted up its battle for Warner Bros. with a hostile bid. In commodities, oil eased as Iraqi oilfield production returned to service, gold edged lower as traders grew cautious ahead of the FOMC meeting, and iron ore declined amid weakening demand signals from China. Back home, Aussie shares are set to open lower on Tuesday, with the RBA widely expected to keep rates on hold.
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The ASX200 opened flat, slipping about 0.1 % as investors await the RBA’s rate decision and the Fed’s expected cut. Mining and energy retreated after last week’s gains, while telecom led the market up 1 %. China’s export data and upcoming policy meeting add further focus, and lithium miners remain a bright spot.
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US stocks held onto gains as the Fed countdown began, with the S&P 500 quietly rebounding to near a record high. In company news, Netflix slipped on a bumper deal with Warner Bros, while Ulta Beauty beat expectations ahead of the holiday sales period. Meanwhile, US Treasury yields edged higher following cooler PCE inflation data. In commodities, silver hit a record high on Fed rate-cut optimism, while oil prices held steady amid stalled Ukraine peace talks. Back home, Aussie shares are expected to open lower ahead of the RBA’s interest rate decision.
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Stevie and Laura wrap up a quiet first week of December, with the ASX managing a small lift to notch its fourth straight day of gains. Investors worked through mixed local data, including softer GDP but a surprisingly strong jump in household spending has kept rate expectations in focus. Lithium miners were standouts on upgraded demand forecasts, Premier Investments weighed on consumer discretionary after flagging softer earnings, and NextDC climbed after striking a major data centre deal with OpenAI. With the RBA’s decision on Tuesday, the US Fed on Thursday, and key inflation and jobs data on the way, markets are bracing for a big week ahead.
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Wall St was little changed overnight as traders absorbed mixed US labour data and strengthened expectations for a Fed rate cut next week, while small caps hit new highs and nuclear energy stocks rallied. Industrials and communication services helped keep the S&P 500 near record levels, bond yields ticked higher, and European markets rose on improved risk appetite. Locally, the ASX is set to open higher after miners hit fresh record highs, supported by copper strength, with oil, gold and iron ore all firmer ahead of key US inflation data.
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The Aussie market scraped out a third straight day of gains, but only just, with materials once again doing all the heavy lifting as copper hit another record and pushed BHP, Rio Tinto and South32 higher. A stronger than expected jump in October spending kept rate chatter alive, knocking property trusts and retailers lower as markets briefly toyed with the chance of an extra hike next year. Energy edged higher on firmer oil, BetMakers popped on a new wagering deal, Nuix announced an AI-powered acquisition, while both Regis Resources and Regis Healthcare stocks finished weaker and Vulcan Energy slid after a major capital raise.
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Wall Street advanced on Wednesday as weak ADP jobs data bolstered rate-cut hopes, while US Treasuries gained on signs of labour-market softness. The technology sector ended broadly lower, with Microsoft slipping on reports of weaker demand for some AI tools, though Microchip bucked the trend with a strong jump after an upbeat earnings forecast. In commodities, oil prices climbed as Moscow peace talks failed to gain traction, while copper and silver hit fresh record highs. Back home, Aussie shares are set to edge higher on Thursday ahead of key household spending data.
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The ASX200 barely moved, up only five points, after September quarter GDP showed 0.4 % growth versus the expected 0.7 %. The modest rebound faded as investors eyed US data. November ADP jobs, industrial production and the Fed’s December dot plot. Plus, the RBA’s 2026 rate outlook. Energy and health lagged, while iron ore miners slipped on Vale’s demand downgrade.
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US stocks found their footing on Tuesday, lifted by a bitcoin rally after a sharp sell-off. Treasury markets also found firmer ground as traders evaluated the latest signals from the Federal Reserve. In company news, Boeing flew higher on stronger delivery plans, and MongoDB surged after raising its forecast. Gains were tempered, however, by weakness in paper and packaging companies, which weighed on the materials sector. In commodities, gold retreated on profit-taking, oil prices eased amid uncertainty over Russia-Ukraine peace talks, and iron ore advanced on Chinese infrastructure demand. Looking ahead, Aussie shares are poised to edge higher on Wednesday ahead of economic growth data.
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Steve and Laura report a modest rise in the ASX200, buoyed by energy and mining gains, while other sectors lagged. US markets have been relatively weak, yet commodity prices pushed Australian shares higher, with oil and gold hitting fresh highs. Look out for tomorrow’s Australian Q3 growth figures and a big US earnings cycle that could test the rally.
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Wall Street slipped overnight as rising bond yields and weakness in crypto-exposed stocks weighed on sentiment. US Treasuries also declined, with fresh corporate debt issuance adding pressure after Japan’s bond sell-off last week. Still, Black Friday and Cyber Monday sales helped lift major US retailers. Elsewhere, European markets kicked off December on the back foot, dragged lower by a slide in Airbus. In commodities, oil rose more than a dollar a barrel after OPEC’s latest move, while silver hit a record high as growing rate-cut expectations pressured the US dollar. Back home, Aussie shares are set to open higher, with Collins Foods earnings in focus.
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The ASX200 was down about 0.6% as US futures pointed to a softer start, with the Nasdaq futures dropping around 0.75% and the Dow about 0.5%. Energy shares were the only sector in the green, up roughly 0.5%, while health, financials, tech and real estate all fell. An ASX technical glitch halted 80 stocks, most notably Metcash, which slid 9.2%. Investors will watch the Wednesday update on three‑month Aussie growth, US jobs and inflation data, and the Fed decision due on 10‑11 December.
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Wall Street edged higher on Friday as a CME outage disrupted global trading for several hours. The S&P 500 notched its biggest weekly advance since May while the Nasdaq broke its seven-month winning streak in November. Meanwhile, US government bond yields also lifted on expectations of heavy corporate debt issuance. In commodities, OPEC stuck with plans to halt production increases in the March quarter of 2026, and gold surged more than 5% over the month. Back home, Australia is set for a steady start to trade after its worst November since 2014, while home prices hit fresh record highs.
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The ASX200 closed essentially flat, down only three points, after a volatile November that saw the index fall about three percent for the month but climb 2.4 percent this week, snapping a four‑week losing streak. Rate‑cut hopes were dented by hotter‑than‑expected inflation, while sector performance was mixed. Tech, finance and property fell, but healthcare, consumer staples and WiseTech rose. Upcoming drivers include the OPEC+ meeting, Black Friday sales and Australian economic data on building approvals and September‑quarter growth.
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US financial markets are closed for the Thanksgiving holiday on Thursday, while European stocks are heading for a muted finish to November. Bitcoin topped 90,000 on shifting sentiment, and China’s ANTA Sports is reportedly weighing a potential bid for Puma. In commodities, gold slipped from two-week highs while iron ore inched higher on a softer US dollar. Back home, Aussie shares are expected to open lower, snapping a four-day winning streak.
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ASX200 was flat after a 0.4% rise early, keeping a 2.3% weekly gain and ending a four week losing streak. Tech stocks outperformed, up about 2%, while energy fell 1.3% on oil price drops ahead of the OPEC meeting. With US markets closed for Thanksgiving, focus shifts to European cues and the upcoming Black Friday Cyber Monday retail surge.
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Technology stocks continued to lift Wall Street, helping the market recover ground lost in last Thursday’s sell-off as falling bond yields supported sentiment. The Philadelphia Semiconductor Index jumped nearly 3%, while Dell Technologies rose 6% on strong data-centre demand. Elsewhere, Robinhood shares surged 10% on acquisition developments, whereas John Deere slipped on a grim agriculture outlook. Back home, futures point to gains ahead of today’s business investment data.
Farewell, Tom! Your market insights and sharp sense of humour will be greatly missed.
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The ASX200 closed up about 0.7%, marking three consecutive days of gains and a weekly rise of roughly 2.2% after last week’s 2.5% slump. Hotter‑than‑expected inflation (headline 3.8%, core 3.3%) pushed RBA rate‑cut odds down to 24% for May. Materials, health and consumer stocks led the upswing while tech, telcos and utilities fell. Zip jumped 7% and DroneShield 8% after a European defence contract; Temple & Webster slumped 33% on a weak trading update. Looking ahead, US inflation, jobless claims and durable‑goods data, plus the RBNZ, UK budget and Beige Book, will shape market sentiment.
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Wall Street extended its rebound overnight as investors looked ahead to the Thanksgiving holiday and grew more confident in a December rate cut. US Treasury yields eased, with the 10-year slipping below 4% as Hassett emerged as the frontrunner for the Fed’s top job. In stocks, Nvidia fell as its rivalry with Google intensified, while Abercrombie's stock surged despite a general retail pullback. In commodities, oil declined as ongoing Ukraine–Russia talks raised expectations of improved supply. Back home, Aussie shares are expected to extend gains on Wednesday, with key inflation data and New Zealand’s rate decision in focus.
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The Aussie market caught its breath today after yesterday’s strong rebound. We traded in a tight range for most of the session and finished up a touch, enough to make it two days of gains. Miners did the heavy lifting, rising about 1.7% thanks to firmer iron ore and stronger gold prices, while financials slipped roughly 0.7%. Bendigo and Adelaide Bank tumbled more than 7% after flagging deficiencies in money-laundering risk systems while on the other hand, Webjet impressed with record results and lifted 9%. Tonight is packed with US economic data, and tomorrow’s local inflation numbers at 11:30 a.m. will be the major focus, with headline annual inflation expected to push towards 3.9%.
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Wall Street surged overnight as technology stocks powered higher and rate-cut optimism strengthened, with bond yields falling after dovish comments from Fed officials. Elsewhere, Broadcom joined Alphabet in leading the AI-driven rally, while Novo Nordisk slipped on disappointing Alzheimer’s trial results. Oil and gold rose as a weaker US dollar provided support. Back home, Aussie shares are set to extend gains on rising commodity prices. Meanwhile, Trump said he plans to visit China.
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The ASX200 jumped 1.3% on Monday, snapping a week of declines and lifting the index to within 6.5% of its October record high. Tech and industrial stocks led the rise, while energy fell as oil slipped. Notable moves included Qube soaring 19.5% on a $11.6 bn Macquarie offer and DroneShield edging higher despite a steep MTD loss. Investors will watch Wednesday’s inflation print, the US Fed rate decision on 10 Dec, and a busy roster of AGMs later in the week.
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US stocks staged a spirited recovery following Thursday’s drubbing, helped by comments from the New York Fed governor that signalled support for interest-rate cuts. Healthcare stocks led sector gains, with Eli Lilly up 1.6%, while Nvidia climbed on renewed optimism for its China sales outlook. In commodities, oil prices ended lower on Friday, settling at one-month lows. Back home, Aussie shares are expected to rebound on Monday from five-month lows.
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The Aussie market ended the week in the red, falling 1.6 percent after touching a six month low at the open, with a hotter US jobs report keeping investors on edge ahead of the Fed's December decision. Wall Street's weak lead weighed on every major sector locally, especially materials and energy, while the major banks extended their recent slide. Lovisa sank on softer like for like sales, while WiseTech was one of the few winners after reaffirming guidance at its AGM. With November now shaping up as the ASX's worst month in more than two years, attention turns to next week's backlog of US economic data and local inflation figures.
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Wall Street slumped late in the session with the S&P 500 erasing a 2% gain as Nvidia led the sector lower. Nvidia turned negative, unwinding its post-earnings rally, while Palo Alto Networks announced plans to acquire Chronosphere. Walmart lifted its outlook, and U.S. data showed solid September job gains even as the unemployment rate ticked higher. In commodities, oil dipped on renewed hopes for a Ukraine–Russia peace plan, gold fell as strong U.S. jobs data dimmed the prospects of a December rate cut, and iron ore retreated on supply-glut concerns. Back home, Aussie shares are expected to drop amid a spike in volatility, while a risk-off tone weighs on the Aussie dollar.
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The ASX200 jumped 1.3% on Thursday, its best day in weeks, driven by a strong recovery in global stocks and NVIDIA’s better‑than‑expected earnings and upbeat revenue guidance, which lifted Australian tech shares about 2.4%. Energy and utilities fell modestly, while materials and real‑estate rose. Looking ahead, the market will watch US September jobs data and the Fed’s December rate‑cut odds, plus a busy roster of AGMs and an RBA Assistant Governor address.
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Wall Street gave up early gains as investors turned cautious ahead of Nvidia’s earnings, while the latest Fed minutes showed many officials leaning against a December rate cut. Elsewhere, Alphabet shares jumped on rave reviews for its new Gemini AI model, Lowe’s beat profit estimates on strong online growth, and Target’s scaled-back outlook signalled a tougher road ahead for its incoming CEO. In commodities, oil slumped on a US inventory build while copper rebounded on supply concerns, and the US dollar climbed to a five-week high. Back home, Aussie shares are expected to edge higher ahead of a busy week of AGMs.
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Australian shares slipped around 0.3% to a six month low as the ASX200 continues its recent decline while US markets fell for a fourth day and await key jobs data. Investors eye NVIDIA’s earnings as a catalyst. Energy and property trusts rose but the big banks fell 1-2%. Upcoming UK/EU inflation, US oil inventories and RBA commentary add focus.
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Wall Street extended its losing streak, with the S&P 500 falling for a fourth straight day as investors braced for Nvidia’s high-stakes AI results. In company news, Microsoft and Nvidia announced plans to invest up to $15 billion in Anthropic, while Home Depot slipped after cutting its forecast on weaker demand. In the commodities market, oil prices steadied as traders weighed the impact of Russian sanctions. Back home, Aussie shares are expected to hover near five-month lows on Wednesday ahead of wages data, while CSL plans to invest $1.5 billion in US drug manufacturing.
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Australia’s ASX200 fell about 2 % to a five month low, the worst single‑day drop since April. Tech stocks led the sell‑off, down roughly 6 % amid US AI worries and pending NVIDIA results. Lithium miners and James Hardie bucked the trend, while the RBA kept rates at 3.6 % and markets priced a 40 % chance of a cut next May. Upcoming US data and earnings keep outlook uncertain.
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Wall Street opened the new trading week on a downbeat note as investors looked ahead to Nvidia’s earnings. HP and Dell slumped 9% on analyst downgrades, while Alphabet bucked the broader tech weakness on news related to Warren Buffett. Lithium stocks soared on an improved price outlook, though broader commodity prices eased on dollar strength. Back home, Aussie shares are expected to fall further from four-month lows ahead of today’s RBA minutes.
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The ASX200 slipped to a four‑month trough early on 17 Nov but recovered to finish flat, up two points, ending a streak of four losing days. Markets are wary ahead of NVIDIA's earnings and US rate‑cut uncertainty, while hotter Aussie jobs data and weak Chinese numbers pressure sentiment. Energy and tech lead gains; look out for NVIDIA results, RBA minutes and FED minutes this week.
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Wall Street ended mixed as investors weighed AI-linked earnings, with stocks recovering from early session lows ahead of Nvidia’s results. Energy names clawed back recent losses, while DoorDash rebounded after a sharp investor sell-off. Meanwhile, bond yields rose as traders questioned the likelihood of imminent Fed rate cuts. Back home, futures point to losses for the ASX 200 on Monday as investors await the release of the RBA minutes.
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The Aussie market suffered its worst day in about ten weeks on Friday, sliding 1.4% and hitting a four month low as a mix of rate concerns, weak China data and a tech sell-off pushed the ASX lower for a fourth straight session. Tech led the declines with a 4.5% drop, leaving the sector down more than 9% for the week, while the major banks also weighed heavily, including CBA which shed more than 10 percent across the past five days. Energy was the only sector to turn positive late in the day as oil prices bounced after reports of a Ukrainian drone strike on a Russian export hub. China’s latest figures added to the gloom, showing further weakness across investment, property and factory activity. Company news was limited, though Megaport tumbled after a capital raise and DroneShield rebounded slightly from yesterday’s sharp fall. Looking to next week, Nvidia’s results are set to dominate global market sentiment, alongside local wage data, RBA minutes and a busy run of AGMs.
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Wall Street fell overnight as tech stocks led a broad selloff, with U.S. Treasuries also stumbling after the government shutdown ended and traders braced for renewed market swings. Cisco bucked the trend, surging after an AI-fuelled outlook beat expectations, while Walt Disney slipped on weaker cable and box office performance. In commodities, oil prices edged higher after steep losses in the previous session, while gold pared gains as rate-cut bets eased. Back home, Aussie shares are set to fall sharply after strong jobs data dampened hopes of near-term rate cuts.
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The ASX200 closed about 0.6 % lower on Thursday, slipping to a three‑and‑a‑half‑month low after October jobs data dented hopes of an RBA rate cut. The market also reacted to the US House passing a spending bill and a rally, while materials and health made modest gains and tech and real estate fell. Investors now eye December RBA decision, US CPI release and earnings.
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Wall Street hit new record highs as investors welcomed the prospect of a reopened government, though gains were mixed as traders rotated out of technology stocks. AMD rallied after forecasting accelerating AI-driven sales growth, while the White House warned that October’s jobs report may never be released. Meanwhile, U.S. bonds advanced as weak labour market data boosted expectations for rate cuts. In commodities, oil prices tumbled 4% on oversupply concerns, while gold gained 2% on optimism surrounding the government’s reopening. Back home, Aussie shares are expected to snap a two-day losing streak ahead of key jobs data.
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The ASX200 slipped just over 0.1 % as about 40 % of stocks fell. CBA dropped about 3 % after a 6.5 % plunge yesterday and tech fell 3.3 %. Mineral Resources surged over 9 % on a US$765 m POSCO lithium deal, while Liontown rose 6 % and Life360 was the worst performer. Markets watch October jobs data, the next RBA meeting, ANZ’s ex‑dividend and US oil inventories, with oil at US$61 a barrel.
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Wall Street saw mixed fortunes overnight, with the Dow rising 500 points while the Nasdaq slipped as investors rotated out of tech stocks. SoftBank sold its Nvidia stake for $5.8 billion to fund fresh AI bets, while CoreWeave cut its forecast following a delay to a major customer contract. In commodities, oil prices rose as investors weighed sanction risks, while gold flatlined as traders booked profits. Back home, Aussie shares are expected to open higher on Wednesday, supported by strength in energy stocks.
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The ASX200 slipped about a tenth of a percent, held back by a 6 % drop in CBA which erased roughly 50 points. Materials led the market, with gold miners up after a 3 % jump in spot gold and lithium miners gaining on demand expectations. The US government shutdown appears near its end, easing concerns ahead of the Fed’s December rate‑cut decision. Upcoming events include RBA assistant governor Brad Jones speaking, several AGM releases and ResMed trading ex‑dividend.
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Wall Street climbed overnight, led by technology stocks, as investors celebrated the prospect of a reopened U.S. government. Chipmakers rallied as buyers went bargain hunting, while Palantir jumped as enthusiasm around the AI trade returned. Health insurers, however, retreated as Democrats signalled a compromise on Obamacare. In commodities, gold rose 2% on renewed rate-cut hopes, and copper advanced on optimism over a potential end to the government shutdown. Back home, Aussie shares are expected to edge higher on Tuesday ahead of the Commonwealth Bank’s earnings results.
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The Aussie market kicked off the week with a strong gain, having its best session in more than three weeks after lifting about three quarters of a percent. Confidence improved after reports the 40-day US government shutdown could soon end, and China eased export restrictions on some metals. Tech, energy and mining stocks led the way, while ANZ rose more than 3% after posting full-year results that showed profit down 14% but a steady dividend. Liontown, Dyno Nobel and Monadelphous were also standouts. Tomorrow brings updates from CBA and Bendigo Bank, plus a busy run of company AGMs ahead of Aussie jobs data on Thursday and key Chinese data on Friday.
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Wall Street steadied on Friday as investors looked ahead to an end to the government shutdown, recovering from early losses on hopes Democrats and Republicans could reach a healthcare compromise. Technology stocks led the declines, capping the Nasdaq's worst week, while consumer confidence plunged and a survey of economic conditions hit an all-time low. Meanwhile, Expedia’s strong performance highlighted resilience in the travel sector. Back home, futures point to a modest gain for the ASX 200 as investors await a speech from the deputy RBA governor for further rate clues.
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The Aussie market ended the week lower, down about three-quarters of a percent, marking a second straight weekly loss. Tech and bank stocks dragged, with Macquarie falling nearly 6% after missing earnings expectations. Qantas dropped 6.5% on softer revenue guidance, while AUB Group rose after a renewed takeover bid. Block, Inc. slumped 15%, and weaker Chinese trade data weighed on miners. The ASX 200 now sits more than 3% below record highs, with US jobs and local bank results in focus next week.
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Wall Street dropped to two-week lows as a renewed tech sell-off and lingering concerns over U.S. tariffs and the health of the economy kept investors on edge. The bond market rallied after private data pointed to a cooling jobs market, while DoorDash tumbled to a record low on warnings that weaker spending will squeeze profits. In Europe, stocks fell, dragged down by fresh selling in technology shares, while the Bank of England held rates in a knife-edge vote. In commodities, oil prices declined amid fears of a supply glut, while gold steadied as uncertainty over U.S. tariffs and a potential government shutdown boosted safe-haven demand. Back home, Aussie shares are set to open flat ahead of Macquarie Group’s results.
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Local shares bounced back from a two-month low on Thursday, with miners leading the charge. The ASX 200 lifted about a third of a per cent, supported by gains in gold and iron ore prices. Materials stocks were easily the day’s best performers, up around 1.5 per cent, with names like Emerald, Ramelius and Bellevue all climbing strongly. But it wasn’t all positive as NAB dragged the broader market lower after falling more than 3 per cent despite hitting a record high earlier in the day. Westpac slipped after going ex-dividend, and James Hardie tumbled more than 10 per cent after being dropped from a key index.
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Wall Street rose on Wednesday as dip buyers waded back in following a tech-fuelled slide, while ADP data showed US companies added 42,000 jobs in October. AMD’s outlook, however, failed to impress investors, tempering some of the gains. European shares also closed higher, with earnings remaining in the spotlight. In commodities, oil dipped on oversupply fears while gold gained on risk aversion despite stronger payroll data. Back home, Aussie shares are set to snap a two-day losing streak ahead of NAB’s results.
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The ASX200 fell about 0.25% to a two month low after the RBA kept rates steady and signalled only one cut in 2026. Material and tech stocks led losses, while financials rose on Westpac earnings. US government shutdown and a 2% tech slide added pressure. Look out for US earnings from McDonald’s, Snap and Novo-Nordisk, plus NAB and Macquarie results this week.
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Wall Street’s main indexes fell to one-week lows on Tuesday after CEOs of major U.S. banks warned of a potential market sell-off. Tech sentiment took a hit, with Palantir sliding on AI valuation concerns and Uber dropping after missing quarterly profit expectations. Elsewhere, U.S. bond yields declined amid growing fears of a stock market bubble, while European markets also retreated to two-week lows in a broader risk-off mood. In commodities, prices weakened as a stronger U.S. dollar and demand worries weighed on sentiment. Back home, Aussie shares are expected to rebound after touching one-month lows.
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The ASX200 slid 0.9% (81 points) to a five‑week low after the RBA left rates at 3.6%. Hotter‑than‑forecast inflation curbed cut hopes. All sectors except healthcare fell, with Westpac the sole bank up 1.5%. City Chic rose 7.5% after a solid ANZ update, while CSL remains down 40% YTD. Focus now shifts to inflation data on 26 Nov and upcoming employment and earnings releases.
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Wall Street’s main indexes rose overnight, with the S&P 500 and Nasdaq both higher as Kenvue surged on buyout news. Amazon’s $38 billion deal with OpenAI lifted its shares and boosted Nvidia's as well. U.S. Treasuries were mixed amid uncertainty surrounding the government shutdown, while in Europe, equities edged higher as investors assessed a fresh batch of earnings. In commodities, oil prices held steady despite OPEC+ signalling a pause on output hikes. Gold was little changed ahead of key U.S. private payroll data, and iron ore slipped on weaker steel production in China. Back home, Aussie shares are expected to ease ahead of the RBA’s interest rate decision.
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The ASX200 nudged up about 0.1 % after a soft start to the month, helped by a lift in financials, energy and tech stocks. Caution remains ahead of tomorrow’s RBA decision, with a roughly 3 % chance of a further rate cut after hotter‑than‑expected inflation data. US inflation figures were delayed by the ongoing government shutdown, and upcoming events include bank earnings (NAB, Macquarie) and several ex‑dividend dates.
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Wall Street closed higher on Friday, with the Nasdaq notching its best monthly winning streak since 2018. Amazon shares hit all-time highs after a strong sales forecast, while Apple slipped as CEO Tim Cook flagged supply constraints. U.S. government bond yields moved lower as the government shutdown dragged on. In Europe, equities edged lower following a mixed batch of quarterly results. In commodities, OPEC signalled a pause on production hikes until early 2026, and gold rose 4% for October. Back home, Aussie shares are expected to dip ahead of Westpac’s results.
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The Aussie market ended October on a flat and uninspired note, slipping by around four points on Friday to mark a fourth straight day of losses. That left the ASX 200 down roughly 1.4% for the week — its worst since April — as investors digested hotter-than-expected inflation data and reassessed expectations for future rate cuts. Despite the late-month pullback, the index still managed a 0.4% gain for October overall. Energy and materials helped limit losses, while consumer discretionary and utilities weighed most heavily, with Wesfarmers and Origin Energy both under pressure. Resmed was among the day’s bright spots, lifting after a solid quarterly update. Looking ahead, attention turns to the RBA’s rate decision on Melbourne Cup Day, US inflation data tonight, and next week’s bank earnings from Westpac, NAB, and Macquarie.
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U.S. stocks fell overnight, with the S&P 500 and Nasdaq dragged lower by Meta and Microsoft amid renewed Fed rate concerns. Investors rotated out of tech and into bank and healthcare stocks, while rising Treasury yields reflected uncertainty over further Fed cuts. In Europe, the ECB kept rates unchanged amid resilient economic growth. In commodities, oil prices held steady amid optimism over a U.S.–China trade truce, and gold gained after the Fed’s latest trim. Back home, Aussie shares are set to snap a three-day losing streak to end the month on a stronger note.
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The Aussie sharemarket extended losses to a third straight day, weighed down by fading hopes of another RBA rate cut this year after yesterday’s hotter-than-expected inflation data. The ASX200 slipped about half a percent, trimming October’s monthly gain to just 0.5%. Overnight, the US Fed delivered another 25-basis-point rate cut but signalled caution about further easing, while Nvidia hit a record US$5 trillion valuation. Locally, healthcare and energy stocks led modest gains, but sharp falls in consumer discretionary shares — dragged by Wesfarmers — kept the broader market under pressure. Investors also watched a high-stakes meeting between US and Chinese leaders, their first face-to-face since Trump’s re-election, aimed at easing trade tensions.
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US stocks gave up early gains after Jerome Powell signalled the central bank may not cut rates again this year. U.S. Treasuries slumped after Powell clarified that a December cut isn’t guaranteed. Nvidia became the first company to reach a $5 trillion market value, while Caterpillar hit a record high as strength in its energy business lifted shares. In commodities, copper reached a record high due to supply shortages, and oil prices rose following a sharp decline in US stockpiles. Elsewhere, the Bank of Canada cut interest rates, and back home, Aussie shares are set to open lower on Thursday as rate cut hopes are dashed.
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The ASX200 slipped almost 1% to its worst daily drop since 3 Sept, spurred by September CPI showing headline 3.2% and core at 3%, topping the RBA’s target. Markets now see only a 5% chance of a rate cut at the Melbourne Cup meeting. Energy and gold miners led modest gains, while financials and CSL fell sharply.
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Wall Street hit fresh record highs, with the S&P 500 rising above 6,900 points on AI optimism. Apple reached a $4 trillion market value, while Microsoft gained from its OpenAI partnership. US bond yields edged lower ahead of the Fed’s rate decision, while in Europe, the FTSE 100 touched a new peak, lifted by HSBC. In commodities, oil fell 2% as traders weighed Russian sanctions, gold slipped to a three-week low amid signs of progress in US–China trade talks, and aluminium rose on concerns over Australian smelter output. Back home, Aussie shares are set to open higher ahead of key inflation data.
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The ASX200 fell about 0.5% today, erasing Monday’s gains, but stays up 2% for October and just 1% below a record high. Financials rallied, with the big four banks hitting record levels, while CSL and WiseTech drove the decline, dropping 16% and 15% respectively. Look ahead to tomorrow’s CPI release and the RBA’s likely rate cut on Melbourne Cup Day.
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Wall Street climbed to record highs on renewed US-China trade optimism, with the S&P 500 on track for its first-ever close above 6,800 points. European markets also extended their winning streak, marking a third straight session of record finishes, while Argentine assets rallied following Javier Milei’s election victory. Elsewhere, Qualcomm shares surged after the company unveiled new AI chips aimed at competing with Nvidia. In commodities, copper reached a 17-month high on hopes of a trade deal, while gold slipped below $4,000 per ounce. Back home, Aussie shares are set to fall amid renewed interest rate jitters, after RBA Governor Michele Bullock warned that a 0.9% rise in core CPI would represent a material miss.
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The ASX200 nudged up 0.4 % on Monday, keeping the market within striking distance of last week’s record. Financials powered the rise, with three of the big four banks near all‑time highs and energy and tech also in the green. Gold fell 1.3 % after a sharp profit‑taking rally, dragging miners down. Looking ahead, US‑China trade talks, the “Magnificent Seven” earnings and a key CPI release will drive sentiment, while markets price a 60 % chance of an RBA cut before the Melbourne Cup.
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Wall Street notched record highs after cooler-than-expected US inflation data, with the Dow closing above 47,000 points for the first time. European markets followed suit, also finishing at record levels. Bonds, however, erased their post-CPI gains. Looking ahead, a busy week awaits with a Federal Reserve meeting and mega-cap earnings in focus. In commodities, oil steadied as traders weighed sanctions, while gold ended its nine-week winning streak. Back home, Aussie shares are expected to rise on rate-cut bets in what’s shaping up to be a pivotal week for markets, while the Aussie dollar lifted following the softer US inflation print.
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The Aussie market lost a little ground on Friday, slipping 0.1% after Donald Trump ended trade talks with Canada. Still, the ASX200 managed a small weekly gain and remains firmly higher for October and the year so far. Tech stocks led the way, while healthcare and financials dragged. Pilbara Minerals and Liontown jumped on upbeat quarterly results, Dusk rose on stronger sales, and Mount Gibson tumbled after shutting an ageing WA mine. Energy stocks kept their five-day winning streak going, and all eyes now turn to next week’s major US tech earnings and Australia’s quarterly CPI figures.
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Wall Street is attempting to rebound from Wednesday’s sell-off as the US confirms a meeting between Donald Trump and Xi Jinping aimed at easing trade tensions. US bond yields rose ahead of consumer price index data, while in commodities, oil surged 5% after Washington sanctioned Russian firms and gold gained on renewed geopolitical risk. In company earnings news, Tesla shares reversed earlier losses after results, Honeywell lifted its outlook on aerospace strength, and Las Vegas Sands led the S&P 500 on gains in Singapore. Back home, the ASX is set to edge higher to close out the week, with the Aussie dollar firming against the greenback on Chinese stimulus hopes.
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A mixed day for the Aussie market, with the ASX200 finishing mostly flat, up just 3 points. Energy names were the stars, jumping more than 3% as oil prices surged following new US sanctions on Russian oil giants. Woodside climbed over 4% after announcing a strategic partnership, and Karoon Energy soared almost 10% on its quarterly update. Gold miners found some relief after yesterday’s heavy losses, with Regis Resources up 5%, while Fortescue gained 2.4% after posting record iron ore shipments. Super Retail Group slipped despite higher sales, and ASX shares eased after its AGM. Tonight, investors will be watching US jobs data and corporate results from Intel and Ford, before RBA Governor Michele Bullock speaks in Sydney tomorrow.
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Wall Street fell overnight, led by a sharp drop in Netflix shares after disappointing earnings and a tax hit, marking its biggest fall since 2022. After hitting record highs yesterday, the Dow Jones slipped around 300 points amid renewed trade fears, while Texas Instruments declined on signs of a slowing chip recovery. Meanwhile, tariff concerns resurfaced, with the US reportedly considering broad software curbs on China and new duties looming over Barbie this Christmas. In Europe, L’Oréal and Hermès slipped, weighing on regional markets. In commodities, aluminium climbed to its highest level since June 2022, while gold extended its rout in a volatile pullback. Back home, Australian shares are set to retreat on Thursday, and the Aussie dollar has dipped against a strengthening US dollar.
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The ASX200 fell about 0.8% (≈ 67 points), ending its run with a weekly decline. A 6.3% drop in gold prices drove the materials sector down over 3%, with gold miners shedding 8.5%. Energy rose 1.3% after Woodside's update, while Adairs gained 7% and Weebit Nano surged 19%. Looking ahead, US earnings, data and a slate of AGMs keep markets on edge.
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Wall Street took a breather overnight as investors paused following two strong sessions, despite a string of upbeat quarterly results from major US companies. General Motors surged 16% after lifting its full-year outlook and easing tariff concerns, while 3M, Coca-Cola and Ford also impressed with strong earnings. The Dow hit a record high, though tech stocks like Nvidia and Alphabet pulled back on renewed US-China trade uncertainty. Meanwhile, gold slumped more than 5% and silver nearly 9% in their steepest falls in over a decade, pressuring mining stocks. ASX futures point to a weaker open, down 0.5%, with updates ahead from Woodside, Iluka, and REA Group.
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The ASX200 closed 0.7 % higher at 9,115, a fresh all‑time high and an 11.5 % YTD gain, best since 2021. Materials led the rally, with BHP and gold miners soaring as gold topped $4,359/oz. Hub24 jumped 10.5 % on record inflows, while Cleanaway fell after a failed AGM vote. Look ahead to US earnings, Canadian inflation and an RBA governor speech.
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Wall Street kicked off the week with strong gains as optimism spread across markets. Apple shares surged more than 4% to a record high on stronger iPhone 17 sales and a broker upgrade, helping lift the Nasdaq by 1.5% and the S&P 500 by 1.1%. Bank and semiconductor stocks also rallied, with the PHLX Semiconductor Index hitting an all-time high. Closer to home, Aussie shares are tipped to open higher after Prime Minister Anthony Albanese and US President Donald Trump signed an $8.5 billion Rare Earths and Critical Minerals Agreement, while gold prices jumped more than 3%.
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The Aussie sharemarket kicked off the week on a positive note, supported by strong gains in the big banks which offset weakness across the miners. The ASX200 rose 0.4%, climbing back above 9,000 points and sitting just shy of last week’s record high. CBA led the banks, while gold and iron ore declines weighed on BHP and the miners. Linus Rare Earths jumped 6.5% on talk of US supply deals, while Deep Yellow slumped 19% after a sudden CEO exit. Bapcor fell sharply on weak guidance, while Neuren Pharmaceuticals rose on fast-track approval for one of its drugs. Locally, results from BHP and South32 are due tomorrow, with US earnings from Netflix and Tesla also in focus this week.
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US markets turned things around on Friday, shrugging off the banking jitters that rattled investors a day earlier. Solid results from a few regional lenders helped restore confidence, and all three major indices closed higher. Today, Aussie shares look set to open slightly weaker, with Chinese GDP data and a dip in commodities weighing on sentiment. Meanwhile, Prime Minister Anthony Albanese heads to the US to meet President Trump, with rare earths and critical minerals expected high on the agenda.
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ASX200 fell 0.81% on Friday, erasing a 0.86% gain from the record high day. Energy led losses, down 2.8%, with tech and financials also slipping. Gold surged to a fresh over $4300 record, up 6% on the week, while silver rose 3.5%. Ahead, US earnings, a pending RBA speaker and US inflation data dominate, plus busy local AGM and corporate updates.
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Wall Street lost ground as a wave of bad loan fears hit US banks, knocking confidence in the financial sector and pulling markets lower. Regional lenders Zions Bancorp and Western Alliance were at the centre of the sell-off, each tumbling by more than 10% after revealing losses tied to fraudulent commercial loans. In Europe, markets were steadier after France’s prime minister survived two confidence votes, and closer to home, Aussie shares are tipped to pull back from record highs after yesterday’s strong run. Iron ore has dropped to six-week lows, gold has hit new all-time highs, and the Aussie dollar remains under 65 US cents.
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It was a record-breaking day for the Aussie market, with the ASX200 smashing through 9,100 points for the first time ever as investors cheered fresh signs of an upcoming rate cut. Thursday’s jobs report showed unemployment unexpectedly jumped to 4.5%, pushing the odds of a November cut to more than 70%. Real estate stocks soared, the big banks were mostly higher, and Macquarie was a standout – up more than 5%. Gold miners stayed hot as prices hit new highs, but rare earth producers struggled as US-China trade tensions escalated again.
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Wall Street was boosted overnight by upbeat bank earnings, with Morgan Stanley and Bank of America both smashing expectations, but gains faded as investors remained cautious amid US-China trade tensions. Tech stocks also added some spark, helping the Nasdaq close around 0.8% higher. European markets found their footing too, with France’s CAC up 2% after signs of political stability returned. Here at home, futures are pointing to a softer start after the ASX200’s strongest session in two weeks. Jobs data out later today is expected to show steady unemployment at 4.2%, and we’ll also hear from a number of big names including Santos, Challenger, Treasury Wines and Stockland.
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The ASX200 was up about 0.9 % in afternoon trade, close to the 9 000‑point psychological barrier, driven chiefly by a 1.2 % rise in the financials sector as major banks posted stronger earnings and dividend upgrades. Materials also added strength after softer Chinese inflation data, while energy fell on lower oil prices. Looking ahead, market focus will shift to US bank results, the US Fed’s upcoming rate decision, and Australia’s jobs report due tomorrow, which could steer the RBA’s policy path.
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US stocks recovered from early losses as investors were reassured by Jerome Powell’s comments, keeping alive hopes for future rate cuts. Treasury yields hovered near recent lows, while the Dow Jones lifted 400 points in a remarkable turnaround as traders shrugged off renewed US-China trade tensions. The Dow and S&P 500 also gained on the back of strong US bank results. In commodities, oil fell 1% on supply glut worries, while iron ore slipped on profit-taking. Back home, Aussie shares are expected to lift around 1% as gold hits a fresh record high, though the Aussie dollar remains below 65 US cents.
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The ASX200 edged up about 0.2% today, ending a two‑day losing streak as miners, energy and materials rallied on higher commodity prices and fresh record highs for gold and silver. Health care and tech added modest gains, while banks slipped. RBA minutes reaffirmed steady rates, and investors await Thursday’s jobs data, November inflation figures and Powell’s Fed outlook.
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Wall Street staged a miraculous turnaround as Donald Trump reassured markets by talking down trade concerns with China. Broadcom soared, adding $150 billion in value on news of its OpenAI agreement, while quantum stocks rallied after JPMorgan’s latest tech investment push. Bank stocks also climbed ahead of an earnings bonanza, and Tesla gained on stronger China EV sales. In commodities, oil prices rose as the US and China moved to de-escalate trade tensions, while gold broke through $4,100 to a record high. Back home, the ASX is expected to rebound on Tuesday after recording its biggest single-day drop since September 2024.
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Today the ASX200 fell about 0.8%, its biggest slide in weeks, as all 11 sectors traded red. Tech led the losses while gold miners rose two to three percent on a jump in metal price. ANZ outperformed with a 3.3% gain after its strategy update, whereas Treasury Wines plunged 15% after pulling guidance. Investors watch US inflation, Australian jobs data and the Qantas breach fallout.
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US stocks suffered their steepest drop in five months as tensions between Beijing and the White House escalated. The Trump administration’s threat of an additional 100% tariff on Chinese imports sent markets into a tailspin, with the Magnificent Seven slumping nearly 4% and tech heavyweights Nvidia, Tesla, and Amazon each falling about 2%. Elsewhere, safe-haven assets gained favour as bond yields fell and gold prices climbed, while energy producers were in focus after oil prices tumbled 4%. Back home, Aussie shares are set to open lower on Monday as tariff anxiety ripples through global markets.
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Despite more green shoots than red across the market, the ASX 200 couldn’t keep its momentum, slipping for a fourth time in five sessions. A 2% fall in materials proved too heavy to shake off, wiping out Thursday’s gains as gold and iron ore prices cooled. Tech and retail names kept things interesting — JB Hi-Fi, Flight Centre and Temple & Webster all in the winner’s circle — while Lynas Rare Earths, Guzman y Gomez and the gold miners weighed on trade.
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Wall Street pulled back from record highs with the S&P 500 facing another heat check as the rally faltered. Albemarle shares rose after a broker upgrade on cash flow prospects, while rare earth stocks surged after China tightened its grip on global supplies. Delta Airlines reported robust demand heading into 2026, and PepsiCo announced a portfolio overhaul under activist pressure. In Europe, Ferrari suffered its worst single-day drop on record, overshadowing the launch of its new EV technology. In commodities, oil eased 1.5% following a Gaza ceasefire, copper climbed to a 16-month high, and gold slipped below $4,000 an ounce. Back home, Aussie shares are expected to end the week on the back foot, with the local dollar weakening against a stronger Greenback.
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The Aussie market managed its first lift of the week, though momentum was modest and buyer enthusiasm remained subdued. The ASX200 edged higher despite weakness across financials and tech stocks, with materials the clear standout, hitting a record high thanks to gains from gold and rare earth miners. Lynas Rare Earth surged to a 14-year peak while BHP, Rio Tinto and Fortescue also advanced. Meanwhile, Guzman y Gomez shares swung wildly after announcing a $100 million buyback, Liontown rose following changes to its Ford contract, and Netwealth delivered strong quarterly inflows. With few catalysts ahead of next week’s key events and RBA remarks due tomorrow, trade remained light as investors treaded cautiously near record highs.
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Wall Street looked past government shutdown worries, with the S&P 500 and Nasdaq hitting fresh record highs. Technology led the charge, boosted by Nvidia on renewed demand hopes. Meanwhile, Fed minutes showed policymakers remain cautious on rate cuts amid ongoing inflation concerns. In Europe, French stocks bounced back after recent turmoil. In commodities, gold shattered the $4,000 mark, while energy names slipped despite lower oil inventories. Back home, Aussie shares are set to edge higher on Thursday after New Zealand cut interest rates.
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The ASX200 edged lower, down about 0.1 % and marking a third consecutive losing session. Weakness came from tech, retail and telco stocks, while energy fell and materials gave modest support. Gold broke the $4,000‑a‑ounce milestone, driving a surge in the precious‑metal sector. Looking ahead, markets will watch the US Federal Reserve minutes, upcoming US crude‑oil inventory data and tomorrow’s Australian consumer‑inflation expectations.
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US stocks paused their record-breaking run as Oracle shares slid on reports its cloud margins were weaker than expected. Trilogy Metals jumped after the US government took a 10% stake, while Ford slipped following a fire at an aluminium plant. Constellation Brands topped sales forecasts on strong beer demand, and a New York Fed survey showed growing concern about the job market. Gold futures hit the $4,000 mark for the first time, and in New Zealand, the RBA is expected to cut rates later today. Back home, Aussie shares are set to open lower on Wednesday.
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ASX200 down ~1.4% as markets stay cautious amid US government shutdown and mixed tech news. Gold miners lead gains, with Greatland Resources +10% and gold sector up 20‑24% month‑on‑month. DroneShield still up 700% YTD despite 3% dip. Financials, materials, utilities marginally positive; consumer discretionary and telecom fall over 1%. Upcoming Fed, ECB, RBNZ speeches and NZ rate‑cut expected.
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Wall Street shook off an unsteady start to close higher, led by a powerful rally in chipmakers after AMD announced a new chip deal with OpenAI. Financials were also in focus, with Fifth Third agreeing to buy Comerica in the year’s biggest U.S. bank deal, while Tesla shares climbed after teasing an upcoming product unveiling. Overseas, French political turmoil pushed bond yields higher. In commodities, oil prices rose as OPEC+ increased output less than expected, and gold prices touched a fresh record high. Back home, Aussie shares are set to open higher on Tuesday, inching closer to record levels.
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The Aussie market started the holiday-shortened week quietly, trading with lighter volumes but briefly topping 9,000 points for the first time in six weeks before easing in the afternoon. Gold miners stood out as the precious metal hit fresh record highs, while Bitcoin also surged to a new all-time high above $125,000. Gains came through from energy stocks after OPEC raised output by less than expected, and rare earths and copper miners rose on strong demand and supply concerns. Lynas jumped 7% to its highest level since 2011, while the Brisbane Broncos surged 27% following their premiership win.
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Wall Street ended the week on a mixed footing as the government shutdown entered its third day. Healthcare led the gains, with pharma stocks rising for a second day, while Palantir shares slumped amid renewed doubts over the company’s technology. Elsewhere, oil was in focus after OPEC announced a smaller-than-expected production increase. Back home, Aussie shares are set to open modestly higher on Monday ahead of a public holiday in some states.
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The Aussie share market finished the week strongly, up 0.5% on Friday and 2.3% across the week, marking its best weekly performance since early May. Tech stocks led gains with Live360 and Block, Inc. among the top performers, while energy lagged as oil prices slipped to four-month lows. Eagers Automotive surged nearly 18% after announcing a major Canadian acquisition, while DroneShield climbed 50% for the week. Dividend payouts from CSL, A2 Milk, Origin, Domino’s and others also put extra cash in investors’ pockets, while attention now turns to US earnings season, a New Zealand rate decision and uncertainty from the US government shutdown.
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Stocks closed at record highs as investors shrugged off concerns about the government shutdown. Technology remained in focus with OpenAI’s valuation climbing to 500 billion US dollars, Intel surging 50% over the past month, and Tesla reporting a 7% rise in deliveries ahead of expiring EV tax credits. In commodities, oil fell 2% to a four-month low while copper touched a 16-month high. Back home, Australian shares are expected to dip on Friday from recent four-week highs.
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The ASX200 rose 1.2% to a one-month high, edging closer to 9,000 points in a broad rally led by gold, banks and healthcare. Gold miners surged as prices hit fresh records near US$3,900 an ounce, while CSL bounced almost 4% and the big four banks all advanced. Globally, investors weighed the US government shutdown, weaker jobs data and strong US pharma gains, while dividend season picked up with payouts from Breville, Seek and Treasury Wines.
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Join Tom and Ryan as they discuss the week ahead in Aussie and global markets.
US stocks hit fresh record highs despite the government shutdown, as investors increasingly bet on near-term rate cuts following the biggest fall in private payrolls since 2023. Healthcare stocks led gains, lifted by eased pricing fears after the Trump deal, while Nike surprised with stronger sales. In commodities, gold surged past $3,800 while oil slid to a sixteen-week low ahead of the OPEC meeting. Back home, Aussie shares are set to open higher on Thursday ahead of the RBA’s financial stability review.
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The ASX200 slipped only a few points, staying near flat after a 1.4 % September loss and an 8 % YTD gain. Drivers were the first US government shutdown in seven years and mixed sector moves – utilities and industrials led, while consumer discretionary lagged. DroneShield exploded 600 % YTD, while lithium miners fell. Look ahead to US payroll data, the RBA stability report and Chinese holidays.
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US markets closed the quarter with modest gains despite concerns over a looming government shutdown. The S&P 500 recorded its biggest third-quarter advance since 2020, while the Nasdaq notched its strongest September quarter since 2012. The Dow Jones also closed at a record high, shrugging off political uncertainty, as US treasuries finished mixed. In economic data, weak hiring highlighted ongoing stagnation in the US labour market, while gold hovered near record highs. Back home, Australian home prices rose at their fastest pace in a year, though local shares are expected to open lower on Wednesday.
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The ASX200 slipped about 0.2 % in the final September session, erasing most of the month’s 1.3 % fall. Materials led, with gold miners supplying the top‑ten performers and DroneShield up 37 %. Energy fell roughly 10 % as oil prices dropped. The RBA held the cash rate at 3.6 %, cutting market odds of a November cut to about 40 %. Upcoming: Oct 29 inflation report and jobs data.
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Tech stocks led Wall Street higher as investors weighed the risk of a potential government shutdown, with US bond yields easing on the uncertainty. Robinhood shares climbed on strong prediction market volumes, while Barrick and Newmont announced leadership changes as gold surged to a fresh record high amid growing bets on rate cuts. Meanwhile, oil prices fell more than 3% as OPEC signalled plans to hike output. Back home, Aussie shares are set to open higher for a fourth straight session ahead of the RBA’s interest rate decision, where policymakers are expected to hold rates and await critical data.
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The ASX200 jumped about 0.85% on Monday, extending a three‑day winning streak driven by strong gains in the big four banks and a surge in gold miners, while energy and tech lagged. DroneShield spiked 19% to a fresh record. Market focus shifts to tomorrow’s RBA interest‑rate decision, upcoming US jobs data, a hefty $8.5 billion dividend payout week and the October 16 Australian jobs report.
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Wall Street ended a three-day losing streak after the latest inflation report, with the Fed’s preferred measure of inflation coming in line with economists’ expectations. This relief saw buyers push most sectors higher. Pharma stocks jumped on tariff news and game maker Electronic Arts surged on reports of a potential $50 billion buyout. Energy shares also led weekly gains ahead of the OPEC meeting. Still, concerns over a possible government shutdown weighed on sentiment heading into the week. Back home, futures point to a modest gain for the ASX 200 on Monday ahead of the RBA’s two-day meeting.
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The ASX200 closed modestly higher on Friday, up about 0.08% and breaking a three‑week losing streak, while September remains down roughly 2%. Stronger‑than‑expected August inflation trimmed market expectations for a November RBA rate cut to about 50%. US President Trump’s 100% tariff on pharma imports dragged healthcare stocks such as CSL, Pro Medicus and Mesoblast lower, whereas miners (+0.7%) and financials (+0.5%) buoyed the index, led by BHP’s 1.3% gain. Looking ahead, investors will watch the RBA’s October decision, US inflation figures and upcoming US jobs data, plus the rollout of pharma tariffs on October 1.
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Wall Street retreated for a third straight session as stronger growth figures cast doubt on the likelihood of a November rate cut. The US economy recorded its fastest pace of growth in two years, while Treasuries gained as the data clouded the Fed’s policy outlook. In company news, CoreWeave expanded its deals with OpenAI, while Oracle extended its slide on AI concerns, marking a third day of losses. In commodities, oil pulled back from a seven-week high as investors reassessed the Fed’s rate path. Back home, Aussie shares are expected to open flat on Friday ahead of the AFL Grand Final.
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The ASX200 ended Thursday more or less flat after a choppy session, with mining and energy stocks leading gains on stronger oil and copper prices. Woodside and Santos rose with crude oil at seven-week highs, while copper miners like Sandfire and BHP climbed after supply disruptions in Indonesia. Billions in dividends were paid out by BHP, Rio Tinto, Telstra and others, and Premier Investments delivered a mixed result as Peter Alexander sales grew but Smiggle weakened. Rate cut expectations remain uncertain after hotter August inflation kept investors cautious.
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Wall Street lost ground for a second straight day as investors took a breather, with chipmakers falling on a weak outlook from Micron Technology. Elsewhere, selling continued in AI names, including Nvidia and Oracle. In commodities, copper rallied to a 15-month high after Freeport declared force majeure, while oil surged 3% to a seven-week peak on a sharp draw in U.S. stockpiles. Back home, Aussie shares are expected to fall on Thursday amid renewed inflation concerns.
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The ASX200 suffered its worst day in three weeks, falling 1% as August inflation came in hotter than expected at 3% annually. Higher electricity bills drove the headline figure, though underlying inflation eased to 2.6%. Banks led declines with Westpac down 3.5% amid job cuts news, while DroneShield continued its stellar run. Energy stocks bucked the trend on stronger oil prices. Tomorrow brings massive dividend payments from BHP, Rio Tinto and Telstra.
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Wall Street hit pause after a record-breaking run, with tech stocks under pressure as Fed Chair Jerome Powell gave no hint on future rate moves. Nvidia slipped following news of OpenAI’s $100 billion deal, while U.S. Treasuries declined for a fourth straight day on cautious Fed commentary. In commodities, oil rose $1 a barrel as the restart of Kurdish exports stalled, while gold surged to a new record high on safe-haven demand. Back home, Aussie shares are expected to snap a three-day winning streak ahead of key inflation data.
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Steve welcomes listeners to a Tuesday lift, as the ASX200 gains about 0.4 %. Mining and banks lead gains, while tech lags and consumer staples lose. The market feels the drag of a 25 % drop in Myer shares after a 30 % plunge in profits, plus a 5 % dip in Regis amid aged‑care fund fears. Tomorrow’s focus: August CPI data, US manufacturing figures, and dividends from Woodside Energy and Suncorp.
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Technology stocks led Wall Street to fresh record highs on expectations of two more rate cuts from the Fed this year. Nvidia also hit a record after unveiling a $100 billion investment in OpenAI, while Teradyne surged on broker upgrades and Apple gained on a product boost. In contrast, Tylenol’s maker, Kenvue, slumped on reports linking the drug to autism. Elsewhere, European markets were mixed, with automakers under pressure following a profit downgrade at Porsche. Back home, Aussie shares are set to open higher on Tuesday, with gold miners in focus following new record highs for the metal.
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The ASX200 rose 0.4% on Monday, marking a second straight gain, though momentum faded through the afternoon. Mining stocks led the advance, with iron ore and gold miners posting strong rallies, while Reece Limited jumped on a $250m buyback and Viva Energy Group Ltd sank on leadership changes. Investors now turn to key inflation data in Australia and the US plus a heavy week of dividend payouts worth $15bn.
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Wall Street sailed to fresh record highs, lifted by the prospect of more rate cuts. Technology stocks led the charge as Oracle rose 4% while FedEx gained on stronger-than-expected earnings. In commodities, oil prices slipped on supply concerns while gold and iron ore advanced. Back home, the ASX is set to open higher, with attention turning to RBA governor Michelle Bullock as she fronts a government panel.
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The ASX200 lifted modestly on Friday but not enough to prevent a third straight weekly loss, with the index slipping about 1% across five sessions. Despite US markets hitting fresh record highs after the Fed’s first rate cut of the year, local gains faded late in the week. Healthcare and financials led Friday’s improvements while energy and materials lagged, and standout movers included Telix Pharmaceuticals on the upside and Santos on the downside after its $30 billion takeover bid collapsed. Looking ahead, investors will focus on next week’s Australian inflation update and a wave of nearly $15 billion in dividends from major companies.
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Wall Street indexes notched record highs, led by Intel’s surge on news of a stake in Nvidia. The Russell 2000 small-cap index also climbed to its first record since November 2021, while CrowdStrike jumped 12% on upbeat long-term guidance. US jobless claims fell by the most in four years, adding to optimism. Meanwhile, the Bank of England held rates steady. Back home, Aussie shares are set to rebound from two-week lows, while the US dollar firmed as the Fed’s rate cuts failed to meet dovish expectations.
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Australian shares extended losses on Thursday, with the ASX200 down 0.8%. Energy stocks were the hardest hit after Santos tumbled nearly 12% on news a $30 billion takeover bid collapsed. CSL slipped below $200 for the first time since 2019, while Origin Energy and CBA also weighed on the market. In contrast, Nuix surged on a major contract win and uranium miners bounced back. Meanwhile, a weaker-than-expected jobs report adds weight to the case for an RBA cut later this year.
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Wall Street ended mixed in choppy trade after the Federal Reserve cut rates and signalled a cautious path for further easing. Fed Chair Jerome Powell cited labour market weakness as a key factor in the decision. Bond yields rose following the Fed move and Powell’s comments, while oil prices eased on U.S. demand concerns. Back home, SPI futures indicate an early loss for the ASX 200, with Aussie shares expected to decline ahead of key jobs data.
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The Aussie market stumbled to its weakest performance in a fortnight, with the ASX200 closing firmly lower and now sitting about 3% shy of record highs. Losses across miners, financials and consumer stocks outweighed gains for energy shares, helped by a stronger oil price, and Whitehaven Coal, which jumped more than 5%. DroneShield also climbed after securing fresh US defence contracts, while New Hope and gold miners lagged. Attention now shifts to the Federal Reserve’s widely expected rate cut, the tone of Jerome Powell’s comments, and tomorrow’s Australian jobs data.
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Wall Street pulled back slightly, with the S&P 500 easing from record highs as traders look ahead to the Federal Reserve’s rate decision. Fresh data showed U.S. retail sales rose strongly in August, underscoring resilience in consumer spending. In company news, Microsoft unveiled a $30 billion investment in UK AI infrastructure, while Google’s Gemini app climbed to the top of Apple’s store rankings. In commodities, oil gained more than 1% following drone attacks in Ukraine, and gold surged to fresh record highs. Back home, Aussie shares are expected to open lower on Wednesday as investors await the Fed’s move.
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Australian shares recovered modestly on Tuesday, with the ASX200 up about 0.25% as strength in energy, uranium and gold miners outweighed declines in Qantas, CSL and Super Retail Group. Commodity prices supported the resource sector, with gold hitting fresh record highs and oil rising on supply concerns. Investors remain cautious as they look ahead to a likely US rate cut later this week, as well as local jobs data, and Reserve Bank commentary.
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Wall Street has started the week on the front foot, as Elon Musk’s $1 billion purchase of Tesla shares sent the stock sharply higher. The S&P 500 hit an intraday record as bond yields eased ahead of the Federal Reserve’s policy decision. Globally, the U.S. and China reached a consensus on TikTok, while Beijing moved to target Nvidia under anti-monopoly laws. Meanwhile, President Trump also renewed calls to scrap quarterly earnings reports. Back home, Aussie shares are expected to rise on Tuesday, recovering from a slow start to the week.
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The ASX200 started the week slightly lower, easing less than 0.2% despite soft Chinese economic data and a mixed US lead. Lithium and uranium miners topped the winners list after last week’s heavy losses, while gold stocks retreated following a strong six-week run. AMP and WiseTech also featured among notable movers. Looking ahead, investors will focus on local jobs data, ex-dividends, and a busy week of global central bank meetings, including a widely expected US rate cut.
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Wall Street posted weekly gains, thanks to some resilience from the Nasdaq, though U.S. equities lost ground in the final hours of trade as investors looked ahead to this week’s Federal Reserve decision. U.S. interest rates retreated from five-month lows, while European markets saw mixed moves after a French credit downgrade kept rates in focus. Back home, futures point to a weaker open for the ASX 200 on Monday, with the Aussie dollar holding above 66 U.S. cents.
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Aussie stocks have posted their best lift today since last Thursday, as Steve recounts the session that saw the ASX making up for the modest moves lower of recent days. The strength of the US market had a part to play in this following their unemployment data, locally energy stocks continued to decline, and financials saw gains. Ex-dividend trading continued for a number of stocks, gold miners saw more significant improvements, and Virgin Australia caught attention. Steve looks to the week ahead with jobs growth data something that investors should be watching, and around $2.5 billion in dividends set to be paid to investors.
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Wall Street surged to fresh record highs as investors bet a Federal Reserve rate cut is all but certain. US core CPI rose in line with expectations, keeping the Fed on track to ease policy, while a spike in jobless claims in Texas pointed to ongoing labour market weakness. In company news, Paramount and Skydance are preparing a bid for Warner Bros Discovery. Elsewhere, the European Central Bank left interest rates unchanged. In commodities, oil prices fell 2% due to concerns about oversupply, while iron ore prices declined amid elevated Chinese steel inventories. Back home, Aussie shares are expected to finish the week on a positive note.
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The Aussie market has slid for a third time this week. Steve discusses this session which reversed the small gains of Wednesday and discusses the catalysts likely to spark a US rate cut. Locally healthcare and banking seen declines, and gold miners continued to gain attention with the precious metal on a tear. PolyNovo has bounced back from the recent declines, defence contracts saw some well-known names grow, and a lot of ex-dividend stocks saw declines.
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The S&P 500 and Nasdaq climbed to fresh record highs after U.S. wholesale prices fell. Bond yields also slipped on the softer PPI data, adding to market optimism. Elsewhere, Oracle shares surged the most since 1992 on major cloud contract wins, sparking a rally in other AI-related stocks, while Synopsys posted its steepest drop in three decades as trade tensions weighed on sales. Turning to commodities, oil rose for a third straight day, iron ore eased on profit-taking, and gold hovered near record highs. Back home, Australian shares are set to open lower on Thursday, with the Aussie dollar slipping to 66 U.S. cents.
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The ASX200 rose by a third of a percent, its first gain of the week, supported by banks after yesterday’s job cut announcements at ANZ and NAB. Lithium miners slumped sharply on news China’s CATL may restart production, while Iluka also tumbled on plans to halt WA operations. Nine of 11 sectors advanced, though energy stocks eased. Investors now look ahead to key US inflation data due over the next two days.
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Wall Street closed at record highs despite lingering economic concerns, as US payrolls were revised down by record levels. Additionally, Treasuries snapped their winning run as investors awaited key inflation data. In company news, Apple unveiled its iPhone 17 line-up, though shares slipped slightly, while Anglo American and Teck Resources agreed to merge in what will be the world’s second-largest mining deal. In commodities, oil rose following an Israeli attack on Qatar, iron ore rallied amid concerns over Simandou supply, and gold scaled new record highs. Back home, Aussie shares are set to open flat on Wednesday despite those stronger energy prices.
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The Aussie market has fallen again today marking a poor start for September following the multitude of record highs in August. Steve joins to discuss the US jobs market and interest rates, how France losing their prime minister is creating uncertainty in Europe, and the performance of the local sectors with only tech and consumer discretionary rising slightly amid a sea of red. Gold miners continued to improve, Nine Entertainment gained attention, and Steve runs through the stocks trading ex-dividend. He discusses business and consumer confidence results and looks to the day ahead.
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Wall Street managed to stay afloat as falling long-term interest rates offset signs of weakening consumer confidence, which weighed on labour market expectations. Technology stocks led the gains, with Broadcom rising on news of an AI partnership with OpenAI, while Robinhood surged 15% after being included in the S&P 500. In Europe, debt concerns deepened as crisis-prone France slipped further into fiscal trouble. Elsewhere, Argentine markets plunged after President Milei’s party lost ground to the Peronists, while gold prices hit new record highs amid rising political uncertainty. Back home, Aussie shares are expected to fall ahead of key confidence surveys, although the Aussie dollar strengthened on the back of a weaker US dollar.
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The ASX200 slipped a quarter of a percent as energy stocks weighed, following weaker oil prices and an OPEC+ decision to lift output. Tech, healthcare and property trusts provided rare gains, while winners included DroneShield, Life360 and uranium miners. Attention now shifts to US inflation data released midweek and a likely Federal Reserve rate cut next week.
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US stocks fell as concerns over a weakening job market weighed on sentiment, with unemployment rising to its highest level in four years. Long-term interest rates tumbled as traders priced in further rate cuts, while oil prices came into focus after OPEC announced a production increase. Elsewhere, Japanese bonds drew caution following the Prime Minister’s resignation. Back home, Aussie shares are set to open lower on Monday after posting their first weekly loss in five.
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It has been a challenging and volatile week, but the market has improved for a second day following the 4-day losing streak. Steve reflects on this week penned as ‘one of the worst months of the year for markets’ and discusses the US data that could impact their interest rate decisions tonight. Locally only consumer staples and energy stocks declined with all others in the green, mining stocks have helped the market after recovering later in the session, and PolyNovo rose again. Gold miners stood out with the precious metal price at record highs, a number of stocks traded ex-dividend, and Steve looks at what to watch in the days ahead.
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Promising rate-cut expectations pushed Wall Street to fresh record highs, as weaker jobs data, including softer private payrolls, fueled hopes of the Federal Reserve easing and sent US bond yields lower. In company news, Broadcom delivered an upbeat forecast on strong AI demand. In commodities, oil prices eased as OPEC considered a potential output hike, while iron ore climbed to multi-week highs on hopes of improving Chinese demand. Back home, Australian shares are expected to open higher on Friday.
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The market has rebounded today for the best day in around two weeks marking the end of a four-session losing streak. US jobs data played a part in this as Steve discusses, and he unpacks the local improvements with almost all sectors seeing gains. The banks saw strong improvements following their recent declines, Austal and NRW Holdings gained attention, and Domino’s saw a gain after a run of declines. Ex-dividend trading impacted a handful of stocks including NIB and TPG, and Steve looks to the day ahead.
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Wall Street consolidated overnight, buoyed by rising hopes of interest rate cuts as signs of weakness in the job market shaped expectations. In company news, Alphabet shares surged after a court ruling on search, while Apple also gained on the back of the decision. Elsewhere, Macy’s lifted its outlook but warned of a fickle consumer. In commodities, oil eased as OPEC weighed another output hike, iron ore extended gains after Goldman Sachs lifted its price forecast, and gold hit a record high. Back home, Aussie shares are expected to rebound on Thursday after recording their steepest drop in nearly five months.
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The ASX200 tumbled 1.9% on Wednesday, marking its worst day in five months and extending a four-day losing streak. Faster-than-expected local economic growth dampened prospects of a September rate cut, while global tariff uncertainty, France’s political turmoil, and rising bond yields weighed heavily. All sectors closed in the red, with banks hit hardest, though GrainCorp, Tabcorp and PECSA found support from broker upgrades.
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Wall Street stumbled into September, with US stocks falling as a ruling on Trump-era tariffs added to uncertainty. Bond market turbulence persisted as debt sales ramped up, while US manufacturing activity contracted for a sixth straight month. In company news, Warren Buffett said he was disappointed by the Kraft Heinz split, which weighed on its stock performance. In commodities, gold surged to record highs and oil gained after the US imposed sanctions on Iran. Closer to home, Australian shares are set to fall for a fourth consecutive session, with investors awaiting key economic growth data.
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The Aussie market was under some pressure today following a subdued performance possibly led by the US market being closed for a public holiday. This puts the ASX200 at the lowest levels in 2 weeks, Steve discusses the recent streak that could have played a part in this hesitancy, and how the swings of profit reporting season likely also had a part to play. He unpacks the sea of red today with Reece and Platinum Asset Management gaining attention among the losers, but PolyNovo managed a win, with NRW Holdings being another standout.
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With US markets shut for the Labor Day holiday, trading across the Northern Hemisphere was subdued. Still, Eurozone stocks closed higher on a defence boost, while European bond yields climbed ahead of a French confidence vote. Meanwhile, Novo Nordisk gained on optimism over heart disease treatments, and China’s factory activity expanded at its fastest pace in five months. In commodities, oil prices firmed ahead of this week’s OPEC meeting, while gold hovered near a four-month high. Back home, Aussie shares are set to open slightly lower on Tuesday as investors brace for a data-heavy week.
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The Aussie market kicked off September on the back foot, with the ASX200 slipping to a two-week low as tech stocks dragged and major banks fell. Gold miners bucked the trend, surging on a stronger gold price, while Fortescue dropped after trading ex-dividend. Harvey Norman jumped on a profit beat and IDP Education extended its rebound, but Mesoblast and Mineral Resources weakened. With a wave of companies set to trade ex-dividend this week, plus key local economic data and US jobs numbers ahead, markets face a busy start to the new month.
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US stocks retreated as investors weighed the latest inflation figures. Data showed US spending rose at the fastest pace in four months, while core inflation posted its biggest gain since February, prompting a more cautious tone. Still, the Dow Jones and S&P 500 notched their fourth straight monthly advance, while the Nasdaq extended its winning streak to five months. Back home, the ASX is set to open lower on Monday, with energy stocks in focus as oil prices ease ahead of the OPEC meeting.
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It has been a quiet end to the week and month for the Aussie market fresh off a barrage of record highs throughout August. Steve breaks down the mostly flat session that marks the end of the Aussie reporting season, and reflects on the month with tariffs, earnings results, and trade discussions all impacting market moves. Locally the sectors saw mixed performance with tech and energy seeing gains, and healthcare and banking seeing some declines. Steve looks at the winners and losers with Austal and Harvey Norman gaining attention, and he looks to the week ahead with a flood of economic data expected.
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Wall Street climbed to fresh record highs overnight, with the S&P 500 hitting a new peak as Nvidia’s results fuelled the AI-driven rally. Strong US economic data, however, tempered expectations for near-term rate cuts. In commodities, oil gained as hopes for a Ukraine peace deal faded, while gold reached a five-week high as the US dollar weakened. Closer to home, Aussie shares are set to open lower on the final day of reporting season.
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The market has remained mostly flat across this week despite some sizable intra-day swings. Steve discusses Nvidia’s results which were released following the US close, and how those results could impact markets in the day ahead. Locally, Steve discusses the inflation data that could hint toward rates not being cut in September and unpacks the sectors with energy stocks dropping as stocks traded ex-dividend. IDP Education was a big winner today, as was Qantas helped by Jetstar, and Steve looks to the day ahead with more profit results on the cards and more dividends expected to be paid out.
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Wall Street closed at new record highs, with investors now digesting fresh earnings from Nvidia, though the stock slipped after its data centre revenue fell short of estimates. Elsewhere, Cracker Barrel surged on news of a logo revamp, while American Eagle tapped Travis Kelce in the wake of the Sweeney controversy. Meanwhile, bond yields fell as markets shrugged off Fed drama, and Albemarle gained on a stronger lithium price outlook. Energy stocks also led the advance as US crude inventories declined. Back home, the ASX is set for a flat start on Thursday ahead of results from Wesfarmers.
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The ASX200 edged higher on Wednesday despite hotter-than-expected inflation numbers dampening near-term rate cut hopes, while Woolworths sank 14% on weak earnings. Domino’s plunged 22% after swinging to a loss, and WiseTech dropped 11% on a profit miss. In contrast, Tabcorp surged 24% on a return to profit, SiteMinder jumped 21%, and Lovisa rose 13%. Gold miners also climbed as safe-haven demand lifted prices.
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Wall Street eked out modest gains overnight, led by industrials, as Donald Trump’s renewed attacks on the Federal Reserve reignited concerns over its independence. Signet Jewellers shares jumped on news of Taylor Swift’s engagement, while Nvidia edged higher ahead of its earnings release. Apple also drew attention, setting September 9 for the launch of its new iPhone 17. In bonds, the US yield curve steepened after Trump moved to oust Fed Governor Lisa Cook. Elsewhere, oil fell 2% from a near three-week high, while back home, Aussie shares are expected to rise on Wednesday ahead of key inflation data and Woolworths’ results.
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The market has taken a much-needed breather today falling slightly following the recent run of record highs seen in nine of the past twelve trading sessions. Stevie unpacks the session discussing the easing of US markets overnight, and how the firing of Fed board member Lisa Cook may impact markets. Locally, Coles was one of the winners today following better than expected earnings data, Woolworths is expected to deliver their results tomorrow, and Fortescue Metals dragged on the mining sector. In the day ahead monthly inflation data could gain attention, a number of stocks will trade ex-dividend, and the profits reporting continues.
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Wall Street ended lower as investors digested the hangover from the Jackson Hole symposium over the weekend. Stocks pulled back, halting their Fed-fuelled rally as bond yields moved higher, with bond investors taking a cautious view of the next fortnight. In company news, Keurig Dr Pepper tumbled after announcing an $18 billion acquisition, while sector-specific tariffs weighed on furniture makers. Meanwhile, the US dollar steadied following its slump on Powell’s dovish surprise, and oil prices climbed as Russia-Ukraine peace talks dragged on. Back home, Aussie shares are expected to slip from record highs, with earnings results from Coles and Fortescue in focus today.
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The ASX200 edged higher on Monday, briefly hitting its ninth record in 11 sessions before slipping back below 9,000. Resource stocks rose on stronger gold, oil and iron ore prices, while banks weighed. Southern Cross Media and Aussie Broadband jumped around 20% on upbeat results, while Ansell, Pilbara Minerals, PolyNovo and Zip also gained. In contrast, Reece had one of its worst days in decades, with EVT and Endeavour also sliding. Investors now turn to a packed week of earnings from Coles, Fortescue and more, alongside growing expectations of a September US rate cut.
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Wall Street surged to fresh record highs after the Jackson Hole symposium, with Fed Chair Jerome Powell hinting at the prospect of lower interest rates. US stocks rallied broadly, lifting most sectors, while bond yields sank on growing bets of a September rate cut. Locally, futures point to record levels for the ASX 200, as commodity prices firm, the US dollar softens, and the Aussie dollar strengthens on Greenback weakness.
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The Aussie market eased on Friday, snapping its run of record highs as the ASX 200 slipped around half a percent to just under 9,000 points. Healthcare stocks weighed heavily, with CSL plunging after its restructure plans, while James Hardie also disappointed. On the flipside, Zip surged after strong US growth, while NRW and Helia posted gains. Ingham’s and Guzman y Gomez tumbled on results, and Regis Resources pulled back despite a strong year. Attention now shifts to Jerome Powell’s keynote at Jackson Hole and a busy week of earnings ahead, with results due from Coles, Woolworths, Qantas, Wesfarmers, and NVIDIA.
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US stocks slumped overnight with the S&P 500 posting its fifth straight losing day and as investors count down the hours to Jackson Hole. US Treasuries also weakened as traders trimmed their rate-cut bets. Elsewhere, Walmart tumbled on a rare profit miss, while oil gained 1% amid stalled Russia-Ukraine peace talks. Back home, Aussie shares are set to ease from record highs, with results due from Inghams, Zip, and Guzman y Gomez today.
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The Aussie market has hit another milestone today showcasing the best performance in a couple of weeks, with a number of stocks growing by more than 10%. Steve discusses this monumental session driven by the busiest day of profits reporting for the year. All of the sectors saw gains with 7 in every 10 stocks rising. Among the winners today were Bega Cheese, Brambles, and Downer EDI, and IPH was the worst performer, and Steve looks at what could move markets in the day ahead.
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US markets retreated as investors digested the latest Fed minutes, which reinforced the central bank’s focus on taming inflation. Treasuries extended gains following a strong bond auction, while the US dollar slipped after Donald Trump called for Fed governor Lisa Cook to resign. In company news, Target appointed an insider as CEO to spearhead its turnaround, TJX (the owner of TJ Maxx) beat expectations, and Estée Lauder moved to cut prices despite the drag from tariffs. Back home, Aussie shares are set to open higher, supported by rising oil prices and local investors will be watching earnings from Whitehaven Coal, Bega Cheese, Brambles, and Goodman Group.
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The ASX 200 ended modestly higher after a choppy session, with investors digesting profit results and awaiting a key speech from US Fed Chair Jerome Powell. Heavy losses in miners and healthcare, including further weakness in CSL, were offset by strong gains in the big banks. James Hardie slumped on weak US demand, while Breville and Iluka also disappointed. On the upside, Magellan, Stockland, Lottery Corp and Transurban all posted strong results and lifted sharply.
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Wall Street closed lower overnight as jitters ahead of Jackson Hole and a tech-led slide disrupted the summer calm. In company news, Home Depot reported stronger sales as shoppers shifted to smaller projects, while Palantir tumbled 9%, marking its fifth straight day of losses. On the economic front, US housing starts climbed to a five-month high. Elsewhere, the Reserve Bank of New Zealand is widely expected to cut interest rates. Back home, Aussie shares are set to open higher on Wednesday ahead of a busy slate of earnings results.
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One stock accounted for almost of the declines across the ASX today. Steve joins the podcast to reflect on the end to the recent winning streak bringing the first decline in a while. He discusses the imminent US rate cut decision, the Aussie sectors with healthcare seeing substantial declines amid CSL shares dropping more than 16%. Seek was one of the winners today following their latest results, and Steve looks to the day ahead with CBA set to go ex-dividend, and major US retail stocks expected to release their earnings data as the week continues.
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Wall Street held steady as investors brace for the Jackson Hole Symposium, while the US dollar climbed as Donald Trump hosted talks on Ukraine. Elsewhere, Private equity giant Thoma Bravo was reported to be in discussions to acquire software firm Dayforce, and the Trump administration is weighing a potential 10% stake in Intel. Solar stocks gained on the back of a favorable tax credit ruling, while US bonds rose as bets on a September rate cut remained intact. Back home, Aussie shares are set to retreat from record highs, with investors eyeing earnings results from Woodside Energy, BHP, and CSL.
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Wall Street eased from record highs as investors turned cautious ahead of the Jackson Hole Symposium. Meanwhile, UnitedHealth experienced a double-digit surge following Warren Buffett's investment, while Applied Materials declined due to a weaker outlook. Back home, Aussie shares are set to open lower on Monday after Friday’s record finish, with local investors bracing for a wave of earnings reports.
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The record high streak has continued for the Aussie market as it has now hit all-time best levels for 5 consecutive days. Steve reflects on a week that has seen the ASX200 up around 0.7% with a fourth gain in 5 days and discusses the upcoming week which will be one of the busiest for earnings results. Steve unpacks the latest on the tariff situation, the part that has played in the recent streak of strong performance, and the other factors contributing to investor confidence. The majority of the sectors saw gains, Baby Bunting caught attention with a 38% rise, and Ampol was the standout on the local market.
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US stocks pulled back from record highs as investors digested fresh inflation data, with Treasuries sliding after wholesale price figures dented expectations for rate cuts. Meanwhile, the Trump administration is reportedly considering taking a stake in Intel, while Cisco signalled stronger AI-related sales. Oil prices climbed to a one-week high ahead of Trump–Putin talks, and the US dollar strengthened as producer prices surged. Back home, Australian shares are set to open flat ahead of earnings reports from Mirvac and Cochlear.
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The market has bounced back impressively today following the modest declines of yesterday and marking four sessions of setting record highs. Steve reflects on the session where jobs growth and earnings reports have dominated, and how gains in US market overnight supported our performance. Temple and Webster saw a lift today following better than expected earnings data, Westpac also saw a substantial gain, and Telstra dragged on the telecommunications sector. Steve looks to the day ahead with inflation data set to gain attention alongside household spening.
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Wall Street scaled new record highs overnight as investors continued to anticipate interest rate cuts and with small-cap stocks outperforming their larger tech counterparts. Meanwhile, Scott Bessent suggested Nvidia and AMD’s agreements with China could serve as a model for other firms, while CoreWeave shares tumbled after widening losses from its AI buildout. On the other hand, Paramount shares soared 36%, and Bullish doubled in its NYSE debut. Back home, Aussie shares are expected to rebound on Thursday as investors brace for the release of the July jobs report, with Telstra’s earnings also in focus today.
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The ASX200 slipped around half a percent despite briefly touching a third straight all-time high at the open, with more winners than losers overall but some heavyweight profit results dragging the index lower. Miners and healthcare stocks helped offset losses in financials and utilities, while standout movers included Tyro Payments after takeover interest, Evolution Mining on strong gold prices, and IAG on a big profit lift. On the downside, CBA tumbled after results, AGL swung to a loss, and Beach Energy fell on a broker downgrade. Investors are now watching tomorrow’s July jobs data for clues on the next RBA move.
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Wall Street surged to new record highs as investors celebrated subdued goods inflation, with two-year US Treasury yields falling after the release of the consumer price data. Meanwhile, Airline stocks jumped as airfares lifted, while in commodities, oil prices dipped ahead of inventory reports. Back home, Aussie shares are expected to extend gains from all-time highs, and the Aussie dollar has strengthened despite yesterday's rate cut from the RBA. Today, earnings reports from CBA, AGL Energy and Treasury Wine Estates will be in focus.
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It has been an interesting day for the Aussie market as the session got off to a timid start. Steve joins us to reflect on the performance which picked up following the RBA decision to cut rates and sending the market to hit a new record high. He discusses the RBA decision and what could be expected around further rate cuts, the big winners with Life360 and JB Hi-fi gaining attention, and he looks to the day ahead with US inflation data set to precede the opening of US markets, and more earnings data from stocks including CBA and Computershare.
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Wall Street gave up early gains as investors turned cautious ahead of key U.S. inflation data. Micron shares surged on a profit upgrade, while Hershey plunged as cocoa prices climbed. Nvidia shares were in focus after President Trump signaled he was open to the company selling scaled-back Blackwell chips to China. Trump also extended the China tariff truce for 90 days and urged them to quadruple their U.S. soybean purchases, sending soybean prices higher. Elsewhere, gold slipped after Trump said imports wouldn’t be tariffed. Back home, Aussie shares are expected to edge lower from record highs on Tuesday ahead of the RBA’s interest rate decision. Local earnings remain in focus with market favourite Life360 set to report.
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The Aussie market kicked off the week on a positive note, with the ASX200 touching another record high before settling about a third of a percent higher, supported by strength in miners and major banks. Lithium stocks surged after reports the world’s biggest EV battery maker may pause operations, while IDP Education jumped on broker upgrades and policy changes for foreign students. JB Hi-Fi slipped despite strong results amid a leadership change. Investors now look ahead to a busy week featuring the RBA’s expected third rate cut of the year, key local jobs and wages data, US inflation figures, and results from major names including CBA, Cochlear, IAG, and Telstra.
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Wall Street shook off growth and trade concerns to close at new record highs, with the tech sector leading gains. The S&P 500 notched its 18th record close of the year, finishing the week up 2.4%, as growing calls for interest rate cuts continued to drive stocks higher. In commodities, oil prices remained in focus ahead of a highly anticipated meeting between U.S. President Donald Trump and Russian President Vladimir Putin. Back home, Aussie shares are poised to edge higher on Monday as the local earnings season gathers pace, with results due from CarSales and JB Hi-Fi. Local investors are also turning their attention to the RBA, which is widely expected to deliver a rate cut on Tuesday.
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The market has slipped slightly today marking two days of declines but still remains up overall across the month. Steve is solo today to reflect on a week which has seen more record highs, and to discuss the tariff rollout and how that alongside sluggish economic data has impacted markets. Mining stocks have seen some gains today minimising the losses on the ASX, Iress and Nick Scali caught attention today, and Steve unpacks what could move markets in the days ahead including the upcoming Reserve Bank meeting and US inflation data.
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Wall Street closed lower as rising rates and weak bond demand pressured markets. Treasury yields rose after soft bond auction results, dragging equities down. Healthcare stocks declined, with Eli Lilly falling on disappointing weight-loss drug data. Tech also struggled, with Fortinet plunging over 20% after a weak refresh cycle. Meanwhile, Trump announced tariffs on imported chips and urged Intel’s CEO to resign, unsettling the semiconductor space. In commodities, oil fell on news of a planned Trump-Putin meeting, easing geopolitical tensions. Elsewhere, the Bank of England cut rates to 4% in response to cooling inflation. Back home, Aussie shares are tracking lower for the week, though QBE is expected to report higher profits despite yield headwinds.
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Following the record-breaking session yesterday, the market seems to have taken a breather today. Laura and Stevie reflect on the session, and tariffs continue to make headlines as a number of them come into play today. The sectors saw mixed performance locally with financials being dragged by the ASX amid recent criticism, Newscorp gained attention following their earnings data, and they look to the day ahead with US earnings season continuing.
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Wall Street rebounded overnight as investors digested a wave of corporate earnings. Apple helped lift the Nasdaq, boosted by optimism around increased investment in domestic manufacturing. McDonald’s shares rose after the fast food giant returned to sales growth, thanks to popular budget meal deals. Yet not all earnings impressed. AMD slipped as China concerns overshadowed its upbeat AI outlook while Walt Disney also dropped, forecasting lower earnings ahead. Match Group announced a $50 million investment, citing a rosy outlook for the online dating market. In commodities, oil prices slid to an eight-week low on continued uncertainty around US-Russia relations. Back home, the ASX is expected to ease from record highs, as falling commodity prices weigh on local shares.
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Aussie stocks cracked fresh record highs today, with the ASX 200 lifting past 8,800 points for the first time ever. Markets are buoyed by optimism around US rate cuts and easing trade uncertainty, even as Trump’s new tariffs come into effect tomorrow. Meanwhile, a tagging error by the ASX sparked confusion for TPG Telecom, and gold stocks rallied on the final day of the Diggers and Dealers forum. Plus, REA Group soared on strong earnings, IDP Education bounced, and Pinnacle and News Corp surged.
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Wall Street ended lower overnight, surrendering early gains as investors weighed fresh signs of ‘stagflation’. In corporate news, Caterpillar revealed the impact of tariffs on its earnings, while Donald Trump announced plans to lift tariffs on pharmaceutical and semiconductor imports. Meanwhile, Tesla shares dipped on weaker sales in Europe, and oil prices fell for a fourth straight session amid cooling demand. Locally, the ASX is expected to approach record highs on Wednesday. Ryan and Tom also preview REA’s upcoming earnings.
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It has been the best day in two weeks for the Aussie market as it once again neared a record high. Laura and Stevie reflect on this session that saw all 11 sectors with improvements, the part that US jobs data may have played in investor sentiment and discuss the winners and losers with 9 in every 10 stocks seeing gains. Telix Pharmaceuticals fell the most today, Austal gained attention and lifted strongly, and they look to the day ahead with a large number of earnings still to be reported on.
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Wall Street notched its best day since May, with the S&P 500 jumping 1.5% as weaker US payrolls boosted hopes for rate cuts. Investors took the soft jobs data as a sign that the Fed may ease policy sooner than expected. Meanwhile, Tesla rallied after news of a $30 billion pay deal for Elon Musk, while Spotify shares climbed on news of premium subscription price hikes. In retail, American Eagle soared over 20%, driven by Sydney Sweeney’s viral campaign and a surprise endorsement from Donald Trump. On the commodities front, oil prices fell as OPEC raised output, easing supply concerns and pressuring energy stocks. Back home, the ASX is set to open higher, with investors awaiting job ads and spending data for local economic cues.
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A quiet start to the week on the Aussie market as a bank holiday in NSW keeps trade light, but gold miners shine as the price of the precious metal surges. With reporting season now underway, Beach Energy stood out after announcing a record dividend, while BlueScope Steel slipped despite outlining plans for a potential green steel play in Whyalla. Meanwhile, ANZ led the big banks lower, and energy stocks struggled as oil prices dropped following fresh OPEC+ output moves. Plus, we look ahead to a week of earnings and data, including results from Credit Corp and updates on household spending and Chinese services activity.
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Wall Street ended the week sharply lower, dragged down by weak economic data and renewed concerns over U.S. growth. July’s jobs report disappointed, with just 73,000 positions added, well below expectations and fueling fears of a slowdown. Markets are now increasingly pricing in a possible Fed rate cut in September. In corporate news, Amazon shares slid after quarterly earnings failed to meet high expectations, while homebuilding stocks gained on falling interest rates. Back home, Aussie shares are set to open the week lower as investors brace for earnings season.
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The long-awaited tariff deadline has landed today, and the market has dropped in response. This decline has wiped out the gains from prior in the week, and Laura and Stevie unpack what unfolded with the Trump administration revealing multiple tariffs. Australia’s tariff was low compared to other countries, even New Zealand being given a higher tariff, and Canada has seen a tariff in excess of 30%. The financial sector has declined today weighing on the market, and utilities was the only sector to see gains. Resmed has been one of the winners on the market today, while Star Entertainment hit an all-time low, and Laura and Stevie look to the week ahead.
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Wall Street retreated overnight despite upbeat earnings from major tech stocks. Microsoft hit a $4 trillion market cap after beating earnings expectations, while Meta seized the moment to ramp up its aggressive AI spending. Elsewhere, eBay shares jumped on signs of consumer resilience, but Amazon's gloomy earnings forecast weighed on its stock. Adding to the cautious sentiment, US inflation picked up in June, and copper prices tumbled on fresh tariff concerns. Back home, Australian home prices rose for a sixth straight month, but local shares are expected to open August lower after gaining 2% through July.
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The month has ended up overall. Laura and Stevie reflect on four months of improvements despite the local market dropping slightly today. US interest rates are back in the conversation and trade deals remain in focus with South Korea the latest to make a deal and the deadline set for tomorrow with many still to announce deals. Locally, only two of the sectors fell today, and it was largely mining that weighed on the market following data out of China and talk of copper tariffs from President Trump. Flight Centre saw significant declines today, the tech sector hit record highs, and Laura and Stevie look to the day ahead.
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Wall Street closed lower as Fed Chair Jerome Powell tempered expectations for a September rate cut. The Federal Reserve held interest rates steady despite pressure from President Trump, reinforcing a cautious stance amid resilient economic data. In corporate news, Microsoft and Meta both surged in after-hours trading following stronger-than-expected earnings results. In contrast, Freeport-McMoRan shares slid after the announcement of new copper tariffs. Meanwhile, jobs data surprised to the upside, highlighting ongoing strength in the U.S. labor market, and the U.S. dollar extended its rally for a fifth straight day. Back home, Aussie shares are set to open lower ahead of the release of retail spending figures.
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The Aussie market surged after quarterly inflation came in softer than expected, pushing interest rate cut odds beyond 100% and leaving the ASX just four points shy of a record high. Property trusts, consumer stocks, and financials rallied, while standout moves included gains for PolyNovo, Pilbara, and DroneShield. On the flip side, IGO tumbled on production issues. Plus, we look ahead to US rate decisions, Jerome Powell’s speech, and earnings from Meta, Microsoft, Amazon, and Apple.
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Wall Street snapped a six-day winning streak overnight, as investors turned cautious ahead of the highly anticipated Federal Reserve meeting. Industrials led the declines on the S&P 500, with UPS plunging after a disappointing earnings miss. The Dow Jones was weighed down by UnitedHealth, which slumped following a downbeat outlook, while Whirlpool shares tumbled amid delays to expected tariff relief. Back home, Aussie shares are set to fall on Wednesday, with attention turning to the release of quarterly inflation data. The Aussie dollar also slipped, as the US dollar climbed to a one-month high.
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The market has tread water again today only inching slightly higher toward the end of the session, likely fuelled by the fact that we are in for a huge amount of potentially market moving events to end the week. Among those events are trade deals and deadlines as negotiations continue, and more company news. The majority of sectors saw modest gains with the energy sector the best performer despite the sector including one of the worst performers of the day, and they look to the days ahead with more US earnings expected.
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Despite a cautious mood, US stocks held near record highs, while the US dollar recorded its biggest jump since May as trade jitters eased. Super Micro Computer surged on optimism around China-US trade relations, and Nike shares climbed following a broker upgrade, with analysts urging investors to "just buy it" ahead of the Soccer World Cup. In Europe, Heineken shares slipped after the company flagged flat sales volumes for the year. Meanwhile, in commodities, gold fell to a three-week low, while oil prices rose 2% on the back of a new US-EU trade agreement. Back home, Aussie shares are expected to open lower on Tuesday, with mining stocks still under pressure. Ryan and Tom also preview the upcoming US interest rate decision and what it could mean for markets.
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The Aussie market edged higher to kick off what's shaping up to be one of the biggest weeks of the year, with major earnings, inflation data and a US rate decision all on the radar. Boss Energy crashed 43% after a shock downgrade, while lithium miners tumbled despite bullish broker calls. WiseTech named a new CEO, Helloworld soared 14% on a surprise upgrade, and Bellevue Gold fizzled after early gains. Laura breaks down the key moves and what’s coming next in a jam-packed week.
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Wall Street closed the week at fresh record highs, driven by strong corporate earnings and easing concerns about interest rates. Among the earnings standouts, gold miner Newmont surged after posting record quarterly results. Meanwhile, interest rates continued to moderate ahead of key jobs and inflation data due later this week. Back home, Aussie shares are expected to open the week lower, with investors digesting the latest global trends.
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The Aussie market slipped on Friday as miners gave back gains and financials dragged, capping a choppy week that saw markets flirt with record highs. Energy outperformed thanks to rising oil prices, while Newmont hit a fresh high and CSL lifted healthcare back into positive territory for the year. AMP pulled back despite strong earlier gains. With inflation data, retail trade, central bank decisions and earnings from Microsoft, Meta and Amazon all ahead, next week is set to be one of the biggest of the year.
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It was a mixed bag of earnings overnight. Tom and Ryan unpack the US session with bond yields increasing while the US dollar dropped, and the S&P 500 and Nasdaq closing at record highs. Alphabet and Tesla again dominated the conversation, and energy stocks have seen gains amid a climb in oil prices. Ryan shares expectations around upcoming rate cuts amid unexpected employment numbers, Chipotle shares saw a significant cut, as did IBM and United Healthcare, and tech stocks saw gains potentially fuelled by Alphabet’s earnings.
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The Aussie market snapped its winning streak despite a strong US lead, with the ASX200 turning lower after RBA Governor Michele Bullock warned inflation may not fall as quickly as hoped. That cast doubt over an August rate cut, even as markets still expect it. Fortescue jumped on record iron ore shipments, while Bapcor plunged 29% on a profit warning. CSL helped lift healthcare, the only sector in the green, and Macquarie fell on leadership changes. We also cover moves from PEXA, Boss Energy, and Lynas Rare Earths, plus results from Alphabet and Tesla.
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Encouraging trade news and earnings numbers that have bettered expectations have resulted in new record highs for the US market overnight. Tom and Ryan reflect on the earnings and updates from Tesla, and the performance of Alphabet. Lamb Weston was a top performer overnight, and GoPro and Krispy Kreme seem to be being fuelled by retail obsessed Reddit investors. NVIDIA beat earnings expectations, European markets saw car makers gain ground, and the Aussie dollar has continued to rise.
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The Aussie market climbed around 0.75% on Wednesday, edging closer to another all-time high. Gains were broad-based, with banks rebounding and miners extending their rally to a fifth straight day. Materials are on track for their best week since September last year, while energy stocks rose on strong results from Woodside. Ampol and Iluka also impressed, while Paladin sank 11% on ambitious guidance. Globally, optimism around US trade deals boosted sentiment, and attention now turns to earnings from Alphabet and Tesla, along with local updates from Fortescue, Karoon, and Lynas.
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Tech names underperformed last night but there was ultimately little change across the broader market. Tariffs continued to gain attention with the US and Philippines coming to a tariff agreement and General Motors seeing a hefty decline, and earnings data has investors on tenterhooks with Alphabet and Tesla set to be examined closely. Lockheed Martin made headlines following their earnings data, as did D.R. Horton, and Kohl’s more than doubled their share price.
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The market has tread water today with the banking and mining sector heading in opposite directions. Laura and Stevie reflect on a session which started in the green, but quickly faded as the day went on. They discuss the part that trade deals may be playing in the consistent market performance, and how upcoming profit reporting could move markets. Insignia Financial caught attention with a healthy boost to their shares, Fletcher Building has been under pressure, and they look to the day ahead with US earnings continuing.
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Wall Street briefly touched new record highs overnight, but those gains faded by the close as investor sentiment shifted on renewed trade uncertainty. Communication stocks led early momentum, boosted by better-than-expected earnings, with Alphabet climbing nearly 3% ahead of its results. However, energy stocks dragged on the broader market, plunging as oil prices declined. In contrast, iron ore prices hit five-month highs following news of a major megadam project in China. Back home, the Aussie share market is set for a flat open as investors await the release of the RBA meeting minutes.
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The Aussie sharemarket kicked off the week on the back foot, with a sharp decline wiping out much of Friday’s record-setting rally. Financials were the biggest drag, particularly the big four banks, while energy and materials helped cushion the fall. Block, Inc. surged over 11% after news of its addition to the S&P 500, and AMP shares rallied following positive superannuation inflows. Liontown overtook Block as the day’s top performer, riding the lithium price wave, while Insignia Financial slipped amid takeover fatigue. Investors now turn their attention to a busy week of quarterly updates from US and Aussie heavyweights, RBA minutes, and central bank moves in Europe and the US.
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U.S. stocks closed the week on a mixed note as investors weighed the next steps on trade tariffs. In company news, 3M slumped on concerns about the impact of tariffs, Charles Schwab slipped despite reporting higher earnings, and Netflix fell 5% as investors looked past its strong results. Across Europe, talk of higher tariffs weighed on sentiment and dragged stock prices lower. Back home, futures point to a weaker open for the ASX 200, with market attention turning to upcoming updates from AMP and South32.
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The Aussie market has done it again! Laura and Stevie excitedly join us today for an update that saw the Aussie market continue to push higher following the record already set yesterday. They speak through the session which marks the best in around three months with all 11 sectors in positive territory, healthcare, materials, and financials saw the largest gains, and Mesoblast was the best performer with a 35% increase. Yancoal lost ground following disappointing sales numbers, and Laura and Stevie look to the days ahead with a number of earnings results ahead.
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Wall Street surged to new record highs overnight, buoyed by strong earnings results and upbeat economic data. Better-than-expected retail sales figures lifted investor sentiment, while financial stocks led gains on the back of improved earnings. The world’s largest chipmaker, TSMC, also rose after posting stronger-than-forecast results, adding further momentum to the rally. Meanwhile, European markets recovered from the previous session’s losses, mirroring the positive tone in the U.S., and oil prices edged higher, clawing back ground lost earlier in the week. Back home, the ASX 200 is poised for another day of gains.
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The market has set a new record high today with a boost that recovered the losses of yesterday. Laura and Stevie monitor this record move in real time, discuss the session, and the upcoming days with a number of companies set to release earnings results including Netflix. Locally all eleven sectors saw improvements today with financials and interest rate sensitive areas seeing gains, and they unpack how unexpected jobs data could impact markets and future interest rate decisions.
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Wall Street rebounded after mid-session volatility, buoyed by reports that President Trump has discussed replacing Fed Chair Jerome Powell. In corporate news, Johnson & Johnson shares surged after the company posted better-than-expected earnings, while bank stocks were mixed despite also reporting strong results. On the data front, producer inflation came in below market expectations, prompting a dip in interest rates as investors priced in a more dovish outlook. Back home, ASX 200 futures point to a positive open, with investors awaiting key employment figures due later this week.
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The Aussie market snapped its winning streak on Wednesday, falling 0.8% in its worst session in around 10 weeks. Stevie and Laura break down the drivers behind the decline, including weakness in heavyweight sectors like materials and financials, and look ahead to tomorrow’s local jobs data and what it could mean for interest rates. They also discuss signs of rising inflation in the US, strong performances from tech stocks like Nuix and Megaport, Rio Tinto’s new CEO appointment, and notable company moves including Evolution Mining and BHP.
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US and European markets closed lower as investors weighed fresh economic data and corporate earnings. Chipmakers like Nvidia posted gains after the US government lifted some sales restrictions to China, while bank stocks lagged due to disappointing results. Meanwhile, a stronger US dollar continued to pressure commodity prices. Back home, Aussie shares are expected to open lower on Wednesday, with investors turning their focus to key employment figures due tomorrow.
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The Aussie sharemarket surged today, coming within just seven points of a record high. All sectors except mining finished in positive territory, with tech stocks and CSL helping lead the gains. Laura and Stevie unpack a raft of Chinese economic data, including GDP figures that slightly beat expectations, and preview a busy 24 hours ahead with key US inflation data and major bank earnings due. Plus, we look at a few notable movers from today's session - Lifestyle Communities, Paladin, Tyro, HUB24, and oOh!media.
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US and European stocks wavered overnight as investors weighed the impact of new trade measures. A 30% tariff on Mexican and European imports sent shares of European carmakers lower across the board. Despite early losses, US markets recovered, buoyed by optimism ahead of upcoming earnings reports and key economic data. In company news, Warner Bros. shares gained ground as the debut of the newest Superman film came to the rescue. Elsewhere, bond markets held steady as investors await critical inflation figures later in the week. Back home, Aussie shares are set to open higher on Tuesday.
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It has been another directionless session for the Aussie market but the week ahead may offer some direction. Laura and Stevie unpack the session which has remained mostly flat and reflect on 14 days of similar performance. Trump’s tariff plans continue to contribute to investor unease, South32 has dragged on the commodity space, and international trade data out of China showed an increase in imports. DroneShield continued to surge, The Reject Shop paid a dividend following the recently approved takeover, and Bitcoin hit a new record high.
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US markets ended the week lower, retreating from record highs as investors braced for the latest tariff developments out of Washington. In some company news, Amazon shares rose following its record-breaking four-day Amazon Prime sales event and DoorDash also saw gains after upbeat commentary surrounding its partnership with Domino’s. Back home, Australian shares are expected to start the week on the back foot as investors await key employment data.
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It has been a quiet day for the Aussie market, but some rare earth stocks have been standouts. Stevie is solo to reflect on the session which has seen very little movement as the market danced around a record high. Stevie discusses the week which may have led to this cautious sentiment with rates remaining on hold, and Trump continuing to make tariff headlines. Only the mining sector saw gains locally today and so he unpacks the catalyst behind this, talks through the best and worst performers with HMC Capital losing ground, and he looks to the week ahead.
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Wall Street rallied overnight, with the S&P 500 and Nasdaq hitting fresh record highs as investors shrugged off tariff concerns. Delta Airlines boosted sentiment with an upbeat outlook, while Nvidia CEO Jensen Huang is now on track to surpass Warren Buffett in personal wealth. In corporate news, Nutella maker Ferrero is reportedly planning a $3 billion USD acquisition of Kellogg’s. Across the Atlantic, the UK’s FTSE also hit record highs, driven by strength in mining stocks. In commodities, iron ore jumped to multi-month highs on hopes of fresh stimulus from China, while oil prices slipped amid speculation that OPEC+ may pause supply cuts. Back home, the ASX is on track to end the week by resetting its own record highs.
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The market has reversed the losses of yesterday and is on track for the best day in more than two weeks. Laura is solo to reflect on the session where the financial sector has performed well as have real estate stocks rebounding from the recent losses after th interest rate hold decision. Lifestyle Communities continued to gain attention, as did Netwealth, and Trump’s potential 200% pharmaceutical tariff saw CSL lose ground. NVIDIA hit milestones and Laura looks to the day ahead.
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Wall Street surged as trade concerns eased, with the tech sector—particularly the Nasdaq—leading the gains. Nvidia made headlines by becoming the first company to reach a $4 trillion US valuation, while renewable energy firm AES also saw a sharp stock jump amid takeover interest. However, geopolitical tensions persist, with President Trump unveiling a fresh round of tariffs targeting countries from Iraq to the Philippines. Meanwhile, minutes from the latest Federal Reserve meeting revealed a divided committee on inflation and the future path of interest rates. Back home, Aussie shares are expected to edge higher on Thursday, supported by rising energy prices.
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Tariffs continue to lead the conversation today as Laura and Stevie unpack the worst day for the Aussie market in around 9 weeks. Despite being the worst day, the market has once again not moved much, Trump has discussed a 50% tariff on copper which has seen copper stocks and gold prices take a hit, and he has continued to discuss tariffs on pharmaceuticals. Property stocks have taken a hit amid the recent interest rate hold decision, and Laura and Stevie look to the day ahead.
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Wall Street stalled overnight amid a lack of investor conviction, with banks leading the declines as HSBC adopted a more cautious stance. US Treasury yields fell for a fifth straight session, while copper posted its best day since 1989 after President Trump vowed not to extend tariffs and toughened his stance on copper and drug imports. In company news, Moderna was the top performer on the S&P 500, surging 8.8%, while Amazon Prime Day spending remains in focus. Back home, Aussie shares are set to open lower on Wednesday after the RBA surprised markets with its latest decision.
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The market has dropped slightly today but the drops could have been more significant with the expected rate cut not coming to fruition. Laura and Stevie discuss the shock decision, and the upcoming things to watch that could speak to a cut in August. Tariff discussions continue to keep markets on edge, the sectors had mixed performance with consumer staples taking the biggest hit, and they look to the day ahead.
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Wall Street pulled back from record highs as fresh trade concerns rattle investors. President Trump has announced steep tariffs on five countries, set to take effect from August 1st, sparking widespread market unease. Meanwhile, Tesla shed $68 billion in market value after CEO Elon Musk’s political ambitions unsettled investors. In contrast, European markets saw gains, buoyed by strength in banking and technology stocks. In commodities, oil prices climbed on hopes of strong U.S. demand, while gold trimmed earlier losses after the announcement of new tariffs. Back home, Aussie shares are expected to fall on Tuesday, ahead of the RBA’s policy decision.
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Laura is back with Stevie today and kicks things off with some controversy discussing Trump’s tariff deadline not coming to fruition. They unpack how this has and could move markets going forward, and address discussions of further tariffs. A lift in expected oil production failed to have a dramatic impact on the energy sector, they address the moves across the other sectors with financials losing some ground and look at what to expect in the days ahead as the US market comes back online and the RBA interest rate decision looms.
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It was a subdued end to the week for U.S. markets, with Wall Street closed on Friday for Independence Day. Across the Atlantic, European stocks finished lower amid ongoing trade uncertainty. Meanwhile, oil prices are in focus ahead of an expected increase in supply from OPEC. Back home, Aussie shares are set to open flat after last week’s record highs, as investors await the upcoming RBA decision on Tuesday.
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It has been another quiet session, but the market continues to hold its place near the record high. Steve reflects on what has been 8 sessions of minimal movement for the Aussie market, but despite this it is the best week in two weeks and discusses the data and events that may have influenced this stagnancy. Profit taking was noticeable within the mining sector, and the consumer discretionary space saw some gains. Cleanaway attracted attention today as did Silk Logistics.
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Wall Street surged to new record highs as growth concerns faded, with tech shares leading the gains on the S&P 500. A surprise in US jobs data sent bond yields lower, prompting traders to scrap bets on a July rate cut. Meanwhile, optimism around the Trump tax bill helped avert a looming debt crisis. In corporate news, Nvidia’s market cap is approaching $4 trillion USD, underscoring the tech sector’s momentum. Elsewhere, iron ore prices climbed to a one-month high as China intensified efforts to curb industrial overcapacity. Back home, Aussie shares are on track to end the week at record highs.
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Following a record high yesterday the market has paused for breath again today. Steve reflects on a week which has ultimately continued to tread water as he discusses what investors could be watching as a catalyst for how markets move. The local market today has seen the banks drop and mining stocks take on this difference. Oil prices have continued to rise as have gold prices, and insurance stocks are among the underperformers. Steve looks ahead with the key update on US jobs growth imminent amid the shortened week of trade for the US.
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Wall Street climbed to fresh record highs, with the S&P 500 and NASDAQ lifted by renewed trade optimism. Nike shares surged on signs of progress in US–Vietnam trade talks, while Tesla shares rose despite a 14% drop in vehicle deliveries. Meanwhile, energy stocks gained ground as oil prices rebounded, and miners found support from encouraging Chinese economic data. In contrast, UK markets experienced a sharp sell-off reminiscent of 2022, driven by renewed concerns over the country's fiscal outlook. Back home, Aussie shares are expected to ease from record highs on Thursday.
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It is the best day of the week for the Aussie market as the ASX is on the cusp of cracking a fresh record high following 5 days of very little movement. Stevie unpacks the session which has seen some enthusiasm returning to markets, discusses the US tax bill which made it through the senate overnight, and looks at the local sectors with gains almost across the board. Oil prices pushed energy stocks higher, investment managers were among the best performers today, and Dominos was among the worst.
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Wall Street consolidated overnight as investors weighed the potential impact of the so-called 'big beautiful bill' on the U.S. deficit. Economic data added pressure, pushing interest rate expectations higher. Big tech stocks came under pressure, with Nvidia down 3%, as investors rotated into small caps. Meanwhile, Tesla shares slumped as markets braced for a sharp decline in upcoming sales figures, while Macau’s gambling revenue surged 19% year-on-year. Despite recent gains, the U.S. dollar remains near a three-year low, reflecting ongoing uncertainty around fiscal policy. Back home, Aussie shares are poised to open with modest gains on Wednesday.
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It has been a decent start to the new financial year for the Aussie market with the ASX managing gains through the session which ultimately relaxed as the day went on. Steve reflects on the financial year to deep dive on the best and worst performers across the 12-month window, unpacks how the sectors performed with materials, industrials, healthcare and the telcos seeing declines, and he calls out the standout stocks including Insignia Financial and MesoBlast.
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Wall Street wrapped up the month, quarter, and financial year at record highs, posting double-digit gains over the past 12 months, fueled by progress on trade and growing expectations of lower interest rates. Financial stocks led the charge as major lenders passed the Federal Reserve’s stress tests, while Meta shares hit an all-time high amid an AI hiring blitz. However, energy stocks lagged as oil prices eased. In Europe, markets finished the month lower, weighed down by trade developments. Closer to home, the Australian share market closed out its best quarter since 2021, and home prices jumped in June to fresh record highs.
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It was a solid end to the financial year for Aussie stocks but the record high was again just out of reach. Steve reflects on what was a ‘choppy’ session and reflects on the past financial year. Some declines across the resource space stopped the market from reaching that record high today and Steve discusses this, the performance of international markets with the US seeing improvements, and data out of China being seen as a positive. Mining and energy underperformed today, and a number of ex dividend stocks could impact market performance as the week continues.
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Encouraging signs of easing inflation have lifted rate cut hopes and sent US markets to fresh record highs. Investors were further buoyed by comments from the US Treasury Secretary highlighting progress on rare earth mineral agreements. Meanwhile, a tentative ceasefire in the Middle East has kept gold prices subdued, while oil stabilised after recent sharp declines. Closer to home, the ASX 200 is expected to open flat on Monday as investors await key economic data out of China.
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The market has not managed to crack the record high today with the session starting strong but ultimately dropping slightly as the day went on. Steve is solo today to unpack the session and to reflect on a week that has been dominated by international news. Materials gained ground today with Pilbara Minerals being one of the big winners, property stocks took a hit, and Steve looks to the week ahead.
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Hopes for lower interest rates pushed US stocks to record highs overnight, with falling yields providing a particular boost to technology shares. Economic data added to the dovish outlook, as first-quarter GDP was revised lower on soft consumer spending, while durable goods orders unexpectedly soared in May. The US dollar fell to a three-year low against the euro and sterling, and bond markets rallied as investors ramped up bets on potential rate cuts. Elsewhere, Nike shares rose ahead of its earnings release, while copper climbed to a three-month high on improved global demand. Closer to home, Aussie shares are expected to open on the front foot as real estate stocks trade ex-dividend.
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It has been another quiet day for the ASX today with this being the second day where the market has paused for breath with investors likely monitoring the current ceasefire. Steve is solo today to discuss tweaks and modernisation to the ASX system bringing it more in line with international markets, to unpack how the sectors performed with energy and mining seeing minor gains, and tech being the biggest loser with Xero seeing losses. Virgin reversed some of the recent gains, while DroneShield continued to climb higher.
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Wall Street ended broadly flat overnight, supported by strength in tech stocks and optimism over potential rate cuts. Nvidia hit a fresh record high, reinforcing its status among the world’s most valuable companies. Gains were capped after Fed Chair Jerome Powell flagged signs of rising inflation, keeping markets cautious. Meanwhile, FedEx shares dropped after the company withheld full-year guidance due to uncertainty, while Tesla reported a fifth consecutive monthly decline in European sales. Bumble shares surged following news of significant job cuts, and speculation swirled around a potential acquisition of BP by Shell. Locally, the ASX is set to open lower on Thursday, and the Aussie dollar remains stable despite lower inflation rates
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Off the back of a session yesterday where the market saw gains and neared a record high the session today has been more reserved and remained mostly flat, ultimately floated by the banks. Mining and energy have seen drops today with commodity prices falling heavily, and Steve reflects on how international markets have performed. Virgin Australia shares continued to surge today continuing the gains of yesterday, and DroneShield was another standout performer. Xero is in a trading halt, Steve discusses inflation numbers with rate cuts looking more likely, and he looks to the day ahead.
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Global markets rallied and investors celebrated after news of a ceasefire between Iran and Israel. The Dow Jones jumped 500 points, the S&P 500 edged near record highs, and the NASDAQ 100 hit an all-time high, helped by falling bond yields following comments from Jerome Powell. Oil prices tumbled 6% on the ceasefire news, and gold dropped 2% as demand for safe havens faded. Cruise operator Carnival raised its profit outlook, with the sector shrugging off recent jitters, while Uber launched its self-driving taxi service. Meanwhile, Coinbase shares soared as bitcoin hit a one-week high. Closer to home, Aussie shares are expected to post modest gains on Wednesday, ahead of key local inflation data.
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The Aussie market has pushed higher today recouping the modest losses of the past five sessions. Steve discusses this session and the part that geopolitical tension de-escalation may have played in this boost that sent most of the sectors higher. He discusses the winners and losers with energy stocks seeing some declines amid oil price movements, and the return of Virgin Australia to the Aussie market. Adairs continued to gain attention, and Steve looks to the day ahead.
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Global equity markets seesawed as investors weighed the latest geopolitical developments, with some relief following Iran’s measured response easing immediate tensions. Adding to the positive tone, a growing chorus of dovish signals from the Federal Reserve raised hopes of potential interest rate cuts, helping the broader U.S. markets rebound. In corporate news, Tesla shares surged on the rollout of its long-awaited Robotaxi, while Virgin moved closer to take-off with preparations for its IPO. Closer to home, Aussie shares are poised to snap a five-day losing streak on Tuesday.
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The Aussie market has followed the recent losing streak and entered the fifth day of declines today, but the declines have been modest. Stevie is solo today to unpack this recent performance following the US attack on Iran and discuss the uncertainty surrounding what could happen next. Most of the sectors are in the red today, but energy stocks have lifted today amid a higher oil price, and Stevie speaks through the key risks around this. Gold continues to improve, Metcash, and Adairs caught attention, and Stevie looks to what may lie ahead for the week.
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Global markets are bracing for volatility following U.S. military strikes on Iranian nuclear facilities, prompting a flight to safe-haven assets such as gold and the U.S. dollar. Elsewhere, cryptocurrency markets are also under pressure, with Ether experiencing a sharp decline in early trading. Meanwhile, oil prices are expected to surge in response to escalating tensions, placing both oil and gold firmly in focus as regional trade begins. Closer to home, Australian shares are set to extend their losses when markets open on Monday.
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The market has remained mostly flat for over a week now as war continues in the Middle East. Stevie is solo to reflect on this cautious market sentiment and recap the events and data that have kept markets flat. Energy stocks were some of the best performers today with mining some of the worst, and Steve unpacks the sectors which locally were a mixed bag. Uranium miners took a hit today, Pointsbet continues to gain attention and Stevie looks to the week ahead.
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Both US and European markets ended lower amid rising geopolitical concerns, with US financial markets closed for a public holiday. In Europe, central bank actions drove sentiment: the Swiss National Bank surprised markets by cutting rates to zero, while the Bank of England held steady as Norway’s central bank also delivered a rate cut. Meanwhile, oil prices surged nearly 3% as tensions escalate between Israel and Iran. Back home, Aussie shares are expected to open lower on Friday after a surprise dip in May employment figures.
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The market has remained completely flat today following seven days of almost no moves at all. Stevie is solo to reflect on the cautious week and this sluggish session, likely fuelled following a flat US session and ongoing tensions in the Middle East. Many sectors are in the red today and energy was an underperformer. He talks through the stocks that moved the most with WiseTech Global gaining attention, and the banking sector continuing to keep the market afloat.
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U.S. equity markets dipped as the Federal Reserve struck a cautious tone, warning that inflation may worsen—despite still projecting two rate cuts in 2025. Meanwhile, crypto stocks surged following the passage of the Genius Act, and bank shares rallied on signs of regulatory relief. Oil prices rose as the Iran-Israel conflict stretched into a sixth day. Closer to home, the ASX is poised to open lower on Thursday, with investors eyeing the Australian jobs report for clues on the RBA’s next move.
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The market has continued the week in the way that it started with only small movements in either direction across each session. Laura and Stevie discuss this session, and the recent performance unpacking the role that global tensions are playing in this cautiousness. Energy stocks remained in focus with oil prices surging once more and uranium stocks also seeing gains, and materials has been a weight on the market with iron ore prices remaining sluggish. They look to the upcoming market moving events, and Nintendo hit a record high.
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Global equity markets retreated as investors weighed the prospect of U.S. intervention in the escalating Israel-Iran conflict. Oil prices surged more than 4% on heightened geopolitical fears, while iron ore slumped to its lowest level since September. Meanwhile, weak U.S. retail sales data pointed to a softening economy, reinforcing expectations that the Federal Reserve will keep interest rates on hold but place greater emphasis on future economic forecasts. Closer to home, Aussie shares are expected to open lower on Wednesday, as investors continue to assess the potential fallout from rising Middle East risks.
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Tensions in the Middle East have kept markets cautious today with the session remaining mostly flat. Laura and Stevie discuss what marks five days of cautious sessions and unpack how international markets have performed. Oil prices have dipped slightly today following the recent high, and gold and uranium stocks are once again gaining attention. They discuss the biggest movers, Virgin Australia has announced some details about their IPO, and Laura and Stevie look to the night ahead.
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Global markets recovered overnight as investors responded to easing tensions in the Middle East. Defensive stocks retreated as concerns eased, while risk appetite returned across sectors. Tech led the charge, with AMD shares surging on expectations of a sharp rebound for the chipmaker. Meta Platforms also rallied, buoyed by news it will finally introduce ads on WhatsApp. In the consumer space, Estee Lauder and Coty jumped amid takeover speculation. Meanwhile, oil prices fell on signs the Middle East conflict may not impact crude production as initially feared and gold slipped 1%, with investors taking profits after recent gains. Closer to home, Aussie shares are set to open higher on Tuesday, as traders look ahead to the Bank of Japan’s policy decision.
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The market has remained largely flat today with the past four sessions now seeing very little movement. Laura and Stevie discuss the session, reflect on the recent high, and what could be keeping markets cautious. Mixed data out of China could have been a possible influence, international tensions have seen oil and energy stocks rally, and gold miners lost some ground. They talk through the stocks that saw the largest movements including Santos, and look to the week ahead.
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Global stock markets plunged as escalating tensions in the Middle East rattled investor confidence. Concerns over inflation are growing, driven by a sharp rise in energy prices. Oil surged to its highest level in three years on supply fears, while gold gained as investors flocked to traditional safe havens. Elsewhere, defence stocks rallied in response to the geopolitical uncertainty. Closer to home, Aussie shares are expected to open lower following five consecutive weeks of gains.
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The market has declined slightly today but overall, the week has finished with a gain marking five weeks of improvements. Laura is solo today to reflect on the recent modest improvements and discuss the trade talks and geopolitical tensions which have kept investors cautious. Oil prices soared today with the energy sector being a beneficiary, Origin Energy gained attention, and most of the sectors saw declines.
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Wall Street showed resilience overnight, recovering from early losses to close higher. Oracle shares soared to a record high after reporting dramatically stronger sales, helping to lift overall market sentiment. Meanwhile, US Treasury yields edged higher following a strong auction and signs of easing inflation. Boeing shares, however, slipped amid renewed scrutiny in the wake of a tragic Air India crash, weighing on the industrials sector. In commodities, oil prices dipped as traders assessed ongoing tensions in the Middle East, while gold jumped on heightened geopolitical risks. Closer to home, the ASX is on track to end the week on a positive note.
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Following the record high of yesterday and the strong performances over the week the market has paused for breath today and lost some steam as the day went on. Laura and Stevie discuss the slight dip in US markets overnight despite positive trade talks and consumer inflation data that was heading in the right direction, and what could be keeping markets cautious. Monash was in focus again today after news of a resignation, and Cochlear recovered most of the losses that it saw early in the session.
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US stocks closed lower, dragged down by technology names and despite stronger-than-expected inflation data. Interest rates also eased, supported by progress on reducing the budget deficit. In company news, Starbucks shares surged after reports it may sell a minority stake in its Chinese operations. Meanwhile, oil prices jumped 4% to a two-month high, while iron ore rallied as traders welcomed signs of progress in Sino–US trade relations. Closer to home, Aussie shares are tipped to hit a fresh record high, buoyed by rising energy prices.
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It has been a solid session today as the Aussie market has cracked a fresh record high once again. Laura and Stevie discuss the session where most of the sectors have seen gains and discuss the big winners with Zip continuing to forge ahead following the growth that it saw yesterday. Qantas gained attention as did Pilbara, and they look to the days ahead with upcoming inflation data one to watch.
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Global markets saw a mix of optimism and caution on Tuesday. The S&P 500 rose for a third consecutive session, buoyed by renewed hopes for progress in US-China trade talks, while US small business sentiment improved for the first time this year. In Asia, Taiwan semiconductor stocks surged, driven by a strong revenue boost. Meanwhile, in the US, J.M. Smucker shares tumbled, marking their steepest drop in nearly 40 years as tariffs weighed heavily on profits. Across Europe, markets were mixed, though UK shares edged closer to record highs despite a slowdown in wage growth. Closer to home, the ASX 200 is poised to break above 8,600 points on Wednesday, setting up a potential fresh record high as local momentum continues to build.
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The market has closed in on a record high once again today kicking off the holiday shortened week with a strong performance. Stevie is solo to reflect on what we saw over the long weekend including data out of China and further trade discussions, and he discusses the sectors that saw sizable gains, with the banks, consumer discretionary, and tech home to some of the big winners. Metcash and Zip caught attention today, and Stevie looks at what could move markets in the days ahead.
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Cautious optimism prevails on Wall Street as trade talks between the US and China progress. In corporate news, Apple disappointed investors with its recent event, dragging its shares down, while Qualcomm announced a $2.4 billion deal to acquire chipmaker Alphawave. Topgolf Callaway saw its stock jump 11%, and Tesla shares edged higher, clawing back last week's losses. Meanwhile, it was a mixed session for commodities, though iron ore stood out with a decline amid renewed deflation concerns in China. Closer to home, Aussie shares are poised to open modestly lower on Tuesday following the long weekend and the Aussie dollar has held firm above 65 US cents, buoyed by ongoing weakness in the greenback.
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Following a flat performance yesterday the market has again had an underwhelming day today despite somehow managing to hold onto the overall weekly winning streak. Laura and Stevie reflect on this holiday shortened week, this choppy session, and the part that President Trump may be playing in markets remining cautious. Only two sectors saw gains today and they talk through the stocks that caught attention including Iluka Resources Ltd and Skycity Entertainment Group.
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US stocks ended lower despite a wave of early optimism, sparked by news that U.S. President Donald Trump and China’s Xi Jinping have agreed to resume trade talks. In corporate news, Brown-Forman — the maker of Jack Daniel’s — suffered its steepest share price drop since 2008 following weaker-than-expected earnings. Meanwhile, consumer goods giant Procter & Gamble announced plans to cut 7,000 jobs as part of a restructuring effort. Across the Atlantic, the European Central Bank cut interest rates once again but signaled a possible pause in future easing. Oil prices climbed on renewed hopes surrounding U.S.-China trade negotiations. Back home, Australian shares are set to finish the week in the red ahead of the long weekend.
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Most sectors have fallen back today despite a positive start to the session. Laura and Stevie discuss this session which saw the market fading following the gains of yesterday, reflect on international news with Trump introducing travel bans, and they look at the stocks that moved the most. The materials sector did see some stand outs today as did the tech space, lithium stocks continued to gain attention amid news out of the US, and they look to the day ahead.
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US stocks struggled to advance as fresh data pointed to a slowing economy, with sentiment dented by a soft US jobs report that snapped the Dow Jones’ four-day winning streak. Interest rates fell as investors bet on potential Fed rate cuts, fueling a surge in home builder stocks. Meanwhile, DollarTree has warned of a looming profit hit tied to possible Trump tariffs, while Tesla shares declined after weak sales data in Germany and China. In Europe, markets ended higher, with German stocks boosted by a newly announced tax relief package. Closer to home, Aussie shares are expected to open flat, hovering just shy of record highs.
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The market has neared record levels once again today as it cracked through a three-month high. Laura and Stevie unpack the local session and discuss international markets with the US having seen a bounce back from recent lows. Interest rate cuts could be on the cards sooner than expected amid data out today, most of the sectors gained ground with energy being an outperformer, and they look at the stocks that gained attention including Commonwealth Bank which continues to set records.
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Wall Street was boosted by gains in technology stocks, with Nvidia reclaiming its title as the world’s most valuable company. Chipmakers also rallied on renewed hopes around US-China trade talks. Meanwhile, US job openings rebounded in April, suggesting resilience in the labour market. In corporate news, shares in dating app Bumble fell amid growing concerns over its market share. In commodities, oil rose 1.5% on rising geopolitical tensions, while gold eased from a four-week high. Closer to home, Aussie shares are expected to open higher on Wednesday ahead of the release of key economic growth figures.
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The local market has had the largest lift in a month today. Laura and Stevie discuss the recent performance where the market has largely remained stagnant despite the session today, unpack the likeliness of further rate cuts following the release of the RBA minutes, and discuss the latest in tariff headlines. A number of stocks caught attention including IDP Education, Treasury Wine Estates, and Bluescope, and they look to the days ahead.
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US stocks have posted modest gains to start June, as investors largely shrugged off renewed global trade tensions. Steel and aluminium shares jumped after President Trump pledged to double tariffs on the metals, though the move is expected to raise production costs for automakers. Elsewhere, European markets stumbled in response to the latest tariff threats, while energy shares in North America rose more than 1% as wildfires threatened Canadian oil supply. Meanwhile, the US dollar slipped, providing support for commodities—gold climbed to a three-week high and US copper futures surged amid growing tariff concerns. Closer to home, Aussie shares are set to open higher ahead of the Reserve Bank’s meeting minutes, with the Aussie dollar edging closer to 65 US cents.
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The Aussie market has had a slow start to the month remaining mostly flat. Stevie is back for the podcast today (even though his voice may not be) to discuss the last month’s performance with Laura, and the mixed news around tariffs which could have kept markets cautious. Commodity prices were in focus today on the back of rising geopolitical tensions, they look at how the sectors performed with many seeing losses, and the stocks that caught attention including Bluescope.
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Wall Street wrapped up the month on a high note, with both the NASDAQ and S&P 500 posting their best May gains since the 1990s. Investor sentiment was lifted by encouraging inflation data and moderating interest rates. Elsewhere, Costco shares climbed after the retail giant reported earnings that surpassed expectations, while commodities eased as investors turned their focus to upcoming key manufacturing figures. Closer to home, the ASX 200 is poised to kick off June with modest gains.
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Aussie shares are wrapping up May on a positive note, with the market up 3.8% for the month and 0.8% for the week. A surprise dip in retail sales sparked speculation of rate cuts, with markets now pricing in three cuts by year-end. Trade tensions are back in the spotlight as a US court temporarily backed Trump's push for tariffs, adding fresh uncertainty. Sector-wise, tech has been a standout, up 30% over eight weeks despite a small pullback today, while energy stocks lagged on falling oil prices. All eyes now turn to key US inflation data and the RBA’s economic updates next week.
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Wall Street rallied overnight, buoyed by renewed trade optimism and upbeat corporate earnings. Nvidia impressed investors with stronger-than-expected quarterly sales, though its outlook flagged a potential $8 billion impact from US export restrictions. Meanwhile, beauty retailer E.L.F. surged over 23% following news it will acquire Hailey Bieber’s skincare brand, Rhode. However, not all signals were positive. A rise in US jobless claims pointed to potential weakness in the labour market, and oil prices dipped on ongoing demand concerns. Adding to market jitters, a US appeals court temporarily reinstated Trump-era tariffs, reigniting trade tensions. Closer to home, Aussie shares are expected to ease, with retail spending data in focus.
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The Aussie market has pushed modestly higher once again today. Laura unpacks the session which has followed the recent trend of cautious performances and discusses the likelihood of an imminent rate cut following yesterday’s inflation data. Laura reflects on the month analysing how each of the sectors have performed and gives the latest on Trump’s liberation day tariff’s which have been blocked by US courts. NVIDIA shares have skyrocketed, uranium stocks were among the losers today, and Laura looks to the days ahead
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US stocks eased overnight as investors awaited key earnings reports, with particular focus on Nvidia, whose results are crucial for market sentiment around AI. Meanwhile, long-term interest rates continued their upward march. In the retail sector, fortunes were mixed, with attention turning to Dick's Sporting Goods following a notable transaction involving Foot Locker. Adding to the geopolitical tension, President Trump has ordered chip software designers to halt sales to China, a move that could have ripple effects across the tech sector. Closer to home, the Aussie share market is expected to inch higher today, ahead of the release of key business investment data.
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The session started with gusto this morning but ran out of steam as the day progressed with the market dropping into negative territory. Laura and Stevie discuss the session which briefly hit a record high, and if inflation data was associated with the performance. They unpack the role that this data could play in upcoming interest rate decisions, the stocks that moved the most including ALS Limited and Web Travel and look to the day ahead with NVIDIA expected to move markets.
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US shares climbed as investors welcomed signs of economic and trade progress. Despite a sharp drop in durable goods orders—pointing to ongoing business uncertainty—consumer confidence rebounded strongly this month. In corporate news, Tesla shares rose as Elon Musk reaffirmed his focus on the company, while Nvidia jumped ahead of its earnings results. US bond yields dipped amid easing supply concerns, following speculation that Japan may adjust its bond strategy. In commodities, oil prices edged lower on renewed US-Iran talks, while metals retreated amid ongoing tariff uncertainty. Closer to home, Aussie shares are set to open higher on Wednesday, ahead of key inflation data.
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The Aussie market ticked higher today, inching closer to record highs thanks to a late-afternoon lift. Investors remain cautious amid tariff uncertainty, but optimism is building as U.S. futures rise in response to Trump delaying EU tariffs. All eyes now turn to tonight’s global market reopening and tomorrow’s key Aussie inflation data, which could shake up the market ahead of July’s RBA decision.
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Global markets are buoyed by renewed trade optimism, with Washington softening its stance on tariffs and US futures surging in response. In Canada, the stock market hit a record high, while EU automakers rebounded after President Trump delayed tariffs on European imports. Meanwhile, Chinese President Xi Jinping is reportedly considering a revamped "Made in China" strategy. In commodities, oil prices held steady as markets await the next move from OPEC+, and London metals advanced following the US tariff reprieve. However, iron ore prices slipped amid ongoing concerns about China’s struggling property sector. Closer to home, the ASX is set to edge higher on Tuesday, lifted by hopes of a trade deal, while the Australian dollar inches toward the 65-cent mark.
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The market has remained at a standstill this afternoon as uncertainty continues amid further potential tariffs and a holiday shortened week for the US and the UK. Laura and Stevie discuss this cautious session, reflect on what was a mixed performance across the sectors, a discuss the standout stocks with Origin Energy and Elders gaining attention. They look to the days ahead as some markets remain closed and what to watch locally as the week continues.
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Wall Street slipped as investors grew cautious over renewed trade tensions, following fresh comments from Donald Trump, who insisted Apple must pay a 25% tariff on iPhones. Deckers' stock took a sharp hit, plunging on signs of a slowdown in sales of its popular Hoka brand. Meanwhile, renewable energy stocks and interest rate markets held steady after recent volatility, with the latter calming following jitters around the US spending bill. In commodities, oil prices rose on short covering ahead of the Memorial Day holiday, and gold jumped 2% on safe haven demand. Closer to home, the ASX is set to open lower on Monday ahead of Elders’ earnings release, while the Aussie dollar surged on broad weakness in the US dollar.
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The Aussie market has lifted modestly today in a week that has finished only slightly higher than it started. Laura and Stevie reflect on the recent performance where the market has remained cautious but crept higher each week, discuss the latest happenings out of the US regarding tax and tariffs, and unpack the sectors where materials held the market back from bigger gains. They discuss the winners and losers of the day with Nufarm having a challenging week, and look to the days ahead.
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Aussie shares are tipped to rise as easing U.S. bond yields provide relief to global markets, and Bitcoin hits a new record high. Long-term bond yields briefly hit multi-month highs before retreating, helped by Federal Reserve comments hinting at potential rate cuts later this year. Locally, the ASX200 is expected to inch higher after a rocky session, with eyes on the resources sector as oil and iron ore prices soften and the Aussie dollar retreats under U.S. dollar pressure.
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The market has reversed the recent gains today as it took a breather following yesterdays near record high. Laura and Stevie discuss the session which has seen the week ultimately remain flat, and unpack the sectors with all but materials dropping into the red. A number of stocks have caught attention today including IAG, Mayne Pharma, and Orica and they look at what to expect in the day ahead.
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Wall Street retreated as mounting deficit fears triggered a sell-off in bonds and equities. In company news, Apple shares declined after its lead designer became entangled in a partnership with OpenAI, while Target stumbled as tariffs weighed on its earnings. Meanwhile, banks also pulled back amid renewed jitters over rising interest rates. In commodities, oil prices fell on news of US-Iran nuclear talks, even as geopolitical uncertainty continued to push gold prices higher. Closer to home, Aussie shares are expected to open lower on Thursday, tracking global bond market volatility.
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The Aussie market has continued to push higher today following both the interest rate cut that happened yesterday and talks of further cuts in the coming months. Stevie is solo to discuss this near 13-week high for the Aussie market, break down local performance with most of the sectors seeing growth, and unpack the recent US market gains. He talks through the biggest movers today including Nufarm who has seen a drop of around 30% and looks at what could happen to markets in the days ahead.
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Wall Street snapped a six-day winning streak as investors searched for fresh catalysts to drive momentum. Technology stocks led the decline, weighed down by rising bond yields, which edged higher amid ongoing fiscal concerns in the U.S. In corporate news, Home Depot said it doesn’t expect to raise prices in response to new tariffs, while Elon Musk confirmed Tesla’s plans for a robo-taxi rollout—though the announcement lifted shares only modestly. Meanwhile, Moderna saw its stock jump on stronger-than-expected COVID-related guidance. In commodities, oil prices slipped slightly due to geopolitical uncertainty, while gold prices firmed as the U.S. dollar continued to weaken. Closer to home, Aussie shares are set to open higher on Wednesday following the Reserve Bank’s decision to cut interest rates to a two-year low.
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The Aussie share market rebounded on Tuesday, rising 0.7% after breaking a nine-month winning streak, with 10 of 11 sectors posting gains. The Reserve Bank of Australia delivered its second rate cut of 2025, lowering interest rates by 25 basis points to 3.85% — the lowest level since May 2023. Looking ahead, earnings from James Hardie, New Farm, Webjet, and Seek are in focus, with international eyes on Canada’s inflation data and Home Depot results.
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US markets closed almost unchanged on Monday, despite underlying volatility. The S&P 500 notched its sixth winning session, as investors appeared to look past the recent US credit downgrade. UnitedHealth shares extended their rally after the CEO bought into a beaten-down stock, while Reddit shares slipped amid concerns over a potential threat from Google’s AI developments. Meanwhile, the US dollar weakened following Moody’s downgrade, helping gold prices surge. Closer to home, Australian shares are set to open higher on Tuesday, with attention turning to the RBA and its widely expected interest rate cut.
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The winning run for the Aussie market has come to an abrupt end today. Stevie is solo to reflect on what has been a decent run over the past couple of weeks, look at the recent performance of international markets, and to unpack what could be on the cards with an interest rate decision expected for Australia tomorrow. The sectors mostly saw declines today with mining and energy stocks making some sizable moves, and Stevie discusses the stocks which caught attention including Domino’s.
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Wall Street ended the week on a high note, marking its fifth consecutive day of gains despite US consumer sentiment sinking to its second-lowest level on record. Inflation expectations among consumers have surged to their highest since the early 1980s, adding to market jitters. Meanwhile, after-hours trading remains in focus as Moody’s downgraded the US credit rating, while commodities faced pressure from a strengthening US dollar. Oil prices managed to secure a second straight week of gains, but gold suffered its worst weekly decline since November. Closer to home, Aussie shares are set to start the week lower on Monday as investors keep a close watch on the Reserve Bank’s upcoming policy decisions.
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The Aussie share market notched its eighth straight day of gains—its longest winning streak in nine months. Locally, strong wages and jobs figures haven’t shifted expectations for a possible rate cut when the RBA meets next week—though some speculate rates could remain on hold. Key sectors like materials and tech led the charge, while financials wobbled despite CBA briefly hitting a record high. Investors will be watching next week’s RBA decision closely, along with China’s major economic data release on Monday.
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Wall Street delivered a mixed performance as leading technology stocks lost some ground. However, broader markets gained amid falling US bond yields driven by shifting Federal Reserve expectations. Retail sales growth slowed, contributing to a dip in both bond yields and the US dollar. In company news, Cisco shares rose on a positive sales forecast, while Walmart warned of impending price hikes due to Trump-era tariffs. Meanwhile, in Europe, defense stocks gained following a deadlock in Russian-Ukraine negotiations. In commodities, oil prices dropped 2% amid renewed expectations of a US-Iran nuclear deal, while gold prices climbed 1% on weak US economic data. Closer to home, Aussie shares are poised to extend their winning streak to an eighth consecutive session to close out the week.
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The Aussie share market managed to carve out another small gain, extending its winning streak to seven sessions, though overall moves remain cautious as investors eye record highs. Stronger-than-expected jobs data surprised economists, with 89,000 new roles added in April—most of them full-time positions for women—fuelling speculation about the Reserve Bank’s next move. Investors now turn to a busy night in the US for key data on business inflation, retail sales, and commentary from Fed Chair Jerome Powell.
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The S&P 500 has shown signs of exhaustion following a substantial rebound, while rising bond yields weigh on market sentiment and strengthen the US dollar. Technology stocks have gained at the expense of the broader market, with Middle East deals propelling SuperMicro higher. Boeing has secured a record deal with Qatar and is expected to create significant jobs, while healthcare stocks continue to underperform. Meanwhile, commodities are slumping as the US dollar surges. Closer to home, Aussie shares are set to open lower on Thursday, snapping a six-day winning streak ahead of key employment data.
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The market has held strong on the recent winning streak – even if only just. Laura and Stevie discuss these 6 days of gains that have seen the market at the best levels in around eleven weeks. They start by looking at international markets as the recent volatility continues to keep markets tense ahead of a possible rate cut decision and upcoming jobs data, unpack the sectors with energy stocks remaining standouts, and they look at the stocks that saw the biggest moves including Aristocrat Leisure and Life360.
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Technology stocks are driving Wall Street higher, recovering previous losses, while US bond yields hold steady following a slower-than-expected rise in inflation. Meanwhile, the US and Saudi Arabia have announced a $1 trillion trade pledge, with Nvidia and AMD set to supply chips for AI data centres in the kingdom. In commodities, oil prices are climbing amid tariff cuts, and copper has hit a six-week high following a US-China trade truce. Closer to home, Australian shares are poised to extend gains for a sixth consecutive session on Wednesday, with investors eyeing upcoming wage data. Aristocrat Leisure and CBA shares will also be in focus ahead of key trading updates.
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The Aussie share market climbed for a fifth straight session, lifted by optimism over a temporary US-China trade deal that saw both countries reduce tariffs for 90 days. Global markets surged in response, with US stocks rising sharply and Australian stocks following suit—though gains faded slightly by close. Breville and Life360 soared on positive trade implications and strong earnings, respectively. Meanwhile, consumer confidence rebounded modestly, and all eyes now turn to upcoming US inflation data and Australia’s jobs report, with a local rate cut potentially on the horizon.
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Global equity markets surged as investors cheered the US-China trade deal, with the Dow Jones jumping over 1,100 points and the S&P 500 closing at its highest level since March 3rd. Technology stocks, particularly those with significant exposure to China, saw strong gains. Apple is poised to implement iPhone price hikes, while NRG Energy is betting on the future of gas with a $12 billion LS deal. Meanwhile, Treasury yields rose as the US-China trade agreement pushed investors away from safe havens, causing oil prices to climb to a two-week high amid tariff reductions. Gold, however, slumped nearly 3% as its appeal dimmed. Closer to home, Aussie shares are expected to open higher on Tuesday after hitting two-month highs. The Aussie dollar continues to slide against the US dollar, while investors keep a close eye on Life 360’s earnings update and upcoming sentiment surveys
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The Aussie market has seen further gains today as trade talks once again demand attention. Laura and Stevie reflect on this session which lost some steam as the afternoon went on but ultimately stayed in the green. With an update on trade discussions expected in the day ahead some volatility could be on the cards, they address the increase in oil prices along with the flow through to our energy sector and unpack the mixed bag across the other sectors with healthcare seeing declines.
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US stocks eased ahead of the upcoming US-China trade talks, with energy stocks leading gains in the S&P 500 after a rebound in oil prices. Pharmaceutical stocks remained under pressure amid ongoing regulatory concerns, while Tesla shares staged a notable recovery despite prior underperformance. Meanwhile, weaker-than-expected Chinese inflation data created headwinds for AXS miners, adding further uncertainty to the market. Locally, SPI futures suggest a modest gain for the ASX200, while the Aussie dollar holds steady as investors await more details on trade negotiations.
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The Australian share market ended the week flat despite a slight lift on Friday. Investors remained cautious as global trade tensions dominated headlines, with a new US-UK trade deal sparking optimism and US-China tariff talks looming over the weekend. The market’s biggest movers included tech stocks, financials, and energy shares, while materials lagged due to falling gold prices. Looking ahead, key data releases from China and Australia—including inflation, jobs, and wages—alongside major events like the RBA interest rate decision and US economic reports, are set to drive market sentiment in the week ahead.
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Northern Hemisphere investors are upbeat as the US-UK trade deal is hailed as a significant milestone, boosting the US dollar but sending US bonds lower as Trump pushes for riskier investments. Airline stocks climb as British Airways' parent plans to acquire 30 Boeing jets, while Tapestry gains on an improved outlook. Meanwhile, Krispy Kreme plunges 25% to a record low after cutting dividends. In Europe, stocks remain mixed following Trump's tariff deal with the UK. In commodities, oil rises 3% on US-China trade optimism, but gold and iron ore slip. Closer to home, Aussie shares are poised for a modest lift on Friday ahead of Macquarie Group’s earnings release.
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The Australian share market saw only modest gains on Thursday, with investor enthusiasm muted as financial stocks took the spotlight amid mixed earnings reports. Meanwhile, global attention turned to a potential US-UK trade deal teased by Donald Trump and an uneventful US Fed meeting that left interest rates unchanged but warned about the risks of tariffs. Despite weak energy prices, industrials, tech, and utilities sectors posted gains, helping the market tread water ahead of Macquarie's earnings and a Bank of England rate decision.
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Wall Street staged a late rally, lifting stocks as the Federal Reserve maintained interest rates, signalling a cautious wait-and-see stance. Meanwhile, Disney outperformed expectations with a strong earnings report, propelling its stock higher, while Alphabet's shares declined amid concerns over market share erosion and ongoing antitrust scrutiny. In commodities, oil prices slipped nearly 2% as US gasoline inventories rose, while iron ore reached a two-week high on optimism surrounding China's stimulus measures. Closer to home, the ASX 200 is poised for a flat open on Thursday as investors await ANZ’s earnings results.
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It has been a choppy session today, but the Aussie market has ultimately bounced back following stimulus news out of China. Laura and Stevie discuss this news which will encourage more money to flow through China, the falls across the US market overnight following disappointment in a lack of clarity around trade deals, and look at the performance of the sectors with three of the eleven seeing declines. More data from the major banks moved stocks, Zip attracted attention with a gain of around 10%, and Temple and Webster revealed positive news.
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US stocks fell as investors awaited key trade developments and an upcoming Federal Reserve decision. Palantir shares slumped by the most in a year following a weak sales forecast, while pharmaceutical stocks dipped after President Trump announced new tariffs. Tesla also reported a sharp decline in sales across major European markets. Still in Europe, German stocks pared losses after Frederick Merz was elected Chancellor, offering some political stability. Meanwhile, China’s services sector growth slowed to a seven-month low, raising fresh concerns about the global recovery. In commodities, oil rebounded on signs of stronger demand from Europe and China, while gold rose more than 3% as attention turned to the Fed’s next move. Closer to home, Aussie shares are expected to open lower on Wednesday, with investors eyeing NAB’s earnings results.
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The ASX200 saw a flat trading day after Monday’s sharp 1% drop, which ended a seven-day winning streak—the longest of the year. While sectors were mixed, healthcare and financials dragged, with Westpac and CBA under pressure following weaker results. In contrast, consumer discretionary led gains, and gold miners stood out as gold prices rebounded. At Macquarie’s annual conference—also dubbed "confession season"—companies like Sigma, WiseTech, and HMC Capital disappointed investors, while ComputerShare, Tabcorp, and NextDC impressed with strong updates and guidance.
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Wall Street closed lower, with the S&P 500 snapping a historic nine-day winning streak. In company news, GoDaddy posted better-than-expected earnings, while Netflix ended an eleven-session winning streak amid market reaction to Trump’s proposed tariffs on foreign films. Meanwhile, US bond yields edged higher following stronger-than-expected data from the services sector. In commodities, oil fell to a four-year low due to rising OPEC supply, while gold prices climbed ahead of the upcoming US Federal Reserve meeting. Closer to home, Aussie shares are set to fall on Tuesday after ending a seven-day winning streak.
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The recent winning streak has ended abruptly today, and Laura and Stevie reflect on this session which follows 7 straight days of gains. The energy sector has weighed on local markets amid price slumps and supply changes, and the tech sector and financials have seen declines with the big banks dragging on local markets. They discuss the recent election, Westpac’s earnings results, what to expect in the week ahead, and the stocks that caught attention including SmartPay and Qantas.
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US stocks rallied on Friday after stronger-than-expected jobs growth in April boosted investor confidence. The S&P 500 rose for a ninth straight session—its longest winning streak since 2004—with all sectors finishing in the green. Communication services led the gains, driven by a 4% jump in Meta shares. Financials also advanced, with the KBW Bank Index climbing 4% over the week, while industrials were buoyed by a 3% lift in Caterpillar and 3M. In commodities, oil prices slid 1.5%, marking their biggest weekly decline since March while gold futures also eased back from record highs. Closer to home, futures suggest a positive start for the ASX 200, as investors turn their attention to the upcoming confession season.
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The winning streak has continued into a seventh straight day despite the market opening lower this morning. Laura and Stevie discuss the session, where the gains could have been attributed to hints at an ease to trade tensions, and locally 10 of 11 sectors are in positive territory with mining and energy seeing some standouts. Meta, Microsoft, Apple and Amazon results are discussed, and they discuss the big winners and losers including Zip and Clarity Pharmaceuticals.
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US stocks rose to kick off May, as Meta and Microsoft rekindled the AI trade. However, Amazon shares slipped after earnings fell short, weighed down by disappointing cloud revenue. Meanwhile, the weight-loss drug sector saw heightened competition, with CVS choosing Novo Nordisk over Eli Lilly, intensifying the price wars. European markets were closed for the Labor Day holiday, but UK shares remain on track for their best run since 2017. In commodities, oil prices climbed as President Trump threatened new sanctions on Iran, while gold dipped to a two-week low amid optimism over trade talks. The US dollar strengthened against most major currencies, and Treasury yields rose following a better-than-expected manufacturing report. Closer to home, Aussie shares are expected to fall on Friday ahead of the federal election.
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The Aussie market had a quiet start to May, trading in a tight range but holding above the key 8,100-point level. Tech stocks led gains, lifted by strong earnings from Microsoft and Meta, while data centre firms like HMC Capital and DigiCo surged on AI-related investment news. In contrast, energy and materials dragged due to falling oil prices and BHP’s decline. Looking ahead, investors are eyeing US earnings from Apple and Amazon, local retail sales, and producer price data.
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After disappointing economic growth figures, US stocks slumped in early trade, though falling long-term interest rates helped spark a late-session recovery. After hours, Microsoft shares surged on stronger-than-expected earnings, while Meta also gained following an earnings beat. In commodities, oil prices posted their sharpest monthly drop in four years, and industrial metals fell on signs of weaker Chinese manufacturing activity. Closer to home, the ASX is expected to open lower on the first day of the new month, even as the Australian dollar strengthened.
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Aussie markets wrapped up April on a high, with the ASX 200 closing in on an eight-week peak after five consecutive days of gains. Fresh inflation data showed headline and underlying inflation easing, boosting hopes for a potential interest rate cut in May. Looking ahead, investors are eyeing key US inflation numbers and earnings from tech giants like Microsoft, Meta, and Amazon, plus local updates on trade and home prices to kick off May.
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Investor confidence continues to build, with Wall Street rising for a sixth consecutive session. Sherwin-Williams shares climbed after a strong first-quarter performance, while UPS fell as the company announced plans to cut 20,000 jobs this year. Meanwhile, Wells Fargo added to the positive sentiment, unveiling a share buyback program of up to $40 billion. In the bond market, US yields slipped to a three-week low amid weakening economic data, while the US dollar strengthened on signs of easing trade tensions. European shares also posted a sixth straight day of gains, echoing the upbeat mood in global markets. In commodities, oil dropped 2% to a two-week low, and gold futures extended their decline. Closer to home, Aussie shares are poised to notch a fifth consecutive day of gains, with investors closely watching upcoming inflation data.
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The market has extended the winning streak today for a fourth consecutive session. Steve is solo to unpack this performance with the market going from strength to strength and reaching the best level in around 8 weeks. Steve discusses the data that is expected tomorrow that could influence local rate cut discussions and looks at international markets with the US also expecting a busy week amid jobs updates and earnings data. Consumer staples was the only sector to not push higher, and Steve discusses the stocks that moved the most including Boss Energy and Mineral Resources.
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US stocks ended mixed overnight as investors look ahead to a busy week of company earnings. Interest rates eased as markets anticipated key inflation and growth figures due later in the week. Tech giant Nvidia slipped more than 2% after reports that Huawei is preparing to launch a competing chip. In Europe, stocks closed higher, led by gains in healthcare and banking sectors. Meanwhile, the US dollar moderated, although commodities generally weakened, with oil sliding 1.5% amid concerns over global growth and supply risks. Closer to home, the Aussie share market is set to open modestly higher on Tuesday, while the Aussie dollar firmed against a softer Greenback.
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The market has lifted for a third straight day with the market cracking the 8000-point mark once again. Steve is solo to unpack this encouraging performance and to look at the position of each of the sectors with 9 of them seeing gains, tech and energy being the standouts. Steve discusses the stocks that saw both positive and negative reactions to the ongoing tariff conversations, the companies that caught attention including Flight Centre and Telix Pharmaceuticals, and what to watch in the week ahead.
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Wall Street advanced last week, buoyed by the latest earnings reports, with the Nasdaq rising 1.3% to signal a positive trend. Alphabet shares gained 1.7% on the back of encouraging results, while investors now turn their attention to upcoming reports from Meta, Microsoft, and Apple. Meanwhile, trade negotiations between the US and China remain ongoing and complex. In commodities, prices lagged as the US dollar strengthened. Closer to home, the ASX 200 is poised for a flat start on Monday, with investors eyeing quarterly inflation data due on Wednesday.
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Steve is solo again today with the Aussie market continuing to hold onto some solid gains that have accumulated across this short week. Steve reflects on this two-week streak following a challenging February and March, looks at the performance of US markets which saw gains amid softening tariff conversations, and unpacks the standout performers today with many seeing gains despite energy and consumer staples coming under pressure. Uranium stocks have attracted attention, and Steve looks at what could move markets in the week ahead.
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Wall Street surged overnight as investor sentiment improved following President Trump's softened stance on trade, fueling hopes for a deal with China. Technology stocks led the rally, with notable gains across the sector. Tesla shares rose after Elon Musk signalled a pullback from DOGE-related activity, while Boeing reported a smaller-than-expected loss despite ongoing trade war concerns. US bond yields were mixed amid Trump's latest pivot on the Federal Reserve and tariffs, while the US dollar rebounded as the White House moved to ease tensions with China. In commodities, oil prices retreated more than 2%, and gold slid as demand for safe-haven assets waned. Closer to home, futures point to a flat start for the ASX, following yesterday’s gains.
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It has been an encouraging session on the Aussie market which shook off the sizable declines that started the week. Steve is solo today to unpack the session where tariff discussions continue to drive market reactions, discuss the standout performers which included energy, tech, and mining stocks, and the hefty declines seen across gold miners. Steve also looks at what is on the cards for the remainder of the holiday shortened week including US property sales data and profit results for the likes of Boeing and IBM.
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Wall Street rebounded overnight, with major indexes ending higher as investors responded positively to corporate earnings and growing optimism around easing tariff tensions. Industrial giant 3M held steady, maintaining its full-year outlook, while Tesla reported a 20% decline in automotive revenue. In commodities, oil prices surged 2% following the announcement of new sanctions on Iran, while gold briefly hit a fresh record high before pulling back. Copper also edged higher, defying a generally downbeat outlook for global demand. Closer to home, Aussie shares are poised to rise on Wednesday, despite a downward revision to global growth forecasts from the IMF. Meanwhile, the strong US dollar continues to pressure the Aussie dollar, which has weakened in response.
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Aussie markets held their ground after a rough night on Wall Street, where US indices plunged following Donald Trump’s fiery social media post attacking Fed Chair Jerome Powell. Despite the global jitters, the ASX 200 steadied, thanks in large part to a 3.8% surge in CBA shares. Gold stocks sparkled on safe haven demand, while tech and energy lagged amid interest rate fears and falling oil prices.
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Wall Street fell sharply, with the S&P 500 shedding 2.5% after President Trump criticised the Fed’s pace of interest rate cuts. Tesla also came under pressure ahead of its earnings release, facing heightened scrutiny. In commodities, oil prices dropped more than 2% on mounting global growth concerns, while gold surged to another record high as investors sought safe-haven assets. Looking ahead, Aussie shares are poised to open lower on Tuesday, and the Aussie dollar has strengthened as the US dollar slumped to a three-year low.
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Aussie shares defied expectations and finished the week on a high, with the ASX200 lifting despite sharp overnight losses on Wall Street. The unexpected strength came after weaker-than-expected March jobs data—just over 32,000 jobs added and a rise in the unemployment rate boosted hopes of a rate cut when the RBA meets on May 20. Energy and mining stocks led the gains, helped by a rebound in oil, gold, and iron ore prices, while BHP and Pilbara Minerals faced pressure from underwhelming quarterly results. With markets now closed for the Easter long weekend, all eyes turn to global earnings, including Netflix, and ongoing trade tensions that could stir things up before trading resumes Tuesday.
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Wall Street returned to volatility overnight as investors weighed the impact of Jerome Powell’s latest comments on interest rates. Tech stocks led the decline, with Nvidia tumbling 8% following a massive write-down, dragging the broader sector lower. The Philadelphia Semiconductor Index shed more than 5% in response. In contrast, retail sales surged ahead of an expected tariff increase, offering a rare bright spot in an otherwise turbulent session. Meanwhile, the US dollar slumped, boosting commodities — oil climbed 2%, while gold surged to record highs. Closer to home, ASX 200 futures point to a weaker open on Thursday, with local investors eyeing upcoming employment data. The Aussie dollar gained ground on US dollar weakness, adding to the global currency market shifts.
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The Aussie share market started strong but lost steam by the close, ending slightly lower and breaking its winning streak—despite upbeat economic data from China. Energy, mining, and healthcare stocks dragged the market down, while major banks and gold stocks lifted. On the flip side, Mineral Resources tumbled after two board resignations, and Rio Tinto dropped on weak quarterly results. Investors are eyeing key U.S. economic data and an interest rate decision from Canada tonight, while tomorrow’s Australian jobs report will be crucial in shaping expectations for a potential RBA rate cut in May.
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Markets experienced mixed fortunes overnight, as investors weighed the latest developments on tariffs. Sentiment was shaped by reports that the White House may suspend tariffs on auto parts—a move that helped lift European car makers. Meanwhile, bank stocks continued their upward momentum on the back of improved earnings. Johnson & Johnson posted better-than-expected results, though its shares slipped amid lingering tariff concerns. In currency and commodity markets, the US dollar has rebounded, while prices remain volatile—oil held steady, and gold edged back toward record highs. Closer to home, futures point to a flat open for the ASX 200, and the Aussie dollar has eased slightly.
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The session has been relatively subdued today and remained mostly flat. Laura and Stevie discuss the session which saw some slight gains around midday and a mixed performance across the sectors with materials and financials helping to keep the market in the green. They discuss the dividend payments occurring today including Hub24, the mixed performance of gold miners, and the names that made headlines including Collins Food.
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Both US and European stocks posted gains, buoyed by the news of potential tariff exemptions. Bank stocks advanced on the back of better-than-expected earnings reports, while carmakers also benefited from the easing trade tensions. In commodities, prices were mixed. A softer US dollar supported firmer copper prices, while gold pulled back from record highs and oil prices edged lower. Closer to home, futures are pointing to modest gains for the ASX 200, and the Aussie dollar has firmed overnight.
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The market has seen a solid improvement today following a week which saw some sizable swings. Stevie is back on board and joins Laura to reflect on this recent performance and to further unpack the latest in the tariff saga. The majority of the sectors have seen gains and so they run through the big winners including Viva Energy and DroneShield, discuss the performance of gold stocks, and look at what to expect across this short week with US earnings data likely to gain attention.
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Despite ongoing volatility, U.S. markets closed the week with notable gains, with the NASDAQ posting its best weekly performance since November 2022. Bank stocks moved higher as earnings season kicked off, buoyed by better-than-expected results from JP Morgan, which helped lift investor confidence. After the closing bell, the Trump administration announced a major trade concession, exempting smartphones, computers, and other consumer electronics from reciprocal tariffs. In commodities, gold surged to fresh record highs, while oil prices rebounded on Friday but still ended lower for the week. Looking ahead, futures suggest a strong start for the ASX 200 when trading resumes on Monday.
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It’s been a rollercoaster week for global markets, with Aussie investors caught in the crossfire of escalating trade tensions between the US and China. The back-and-forth, led by unpredictable moves from President Trump, has triggered some of the most extreme market volatility since the GFC and COVID era. Despite the chaos, the Aussie sharemarket is surprisingly set to finish the week only half a percent lower, thanks to a couple of strong sessions mid-week.
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After a historic rally, Wall Street has posted significant declines amid escalating trade tensions, as the Trump administration raised tariffs on Chinese imports for a second consecutive day. The S&P 500 gave back gains from its best single-day performance in 17 years, while technology stocks—especially in the semiconductor sector—suffered steep losses. Investor sentiment turned risk-averse, with many moving away from the US dollar in search of safe-haven assets. Gold surged 3.5%, while oil prices slipped lower. Closer to home, SPI futures suggest the ASX 200 is set to open lower on Friday.
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Global share markets have been on a rollercoaster, with Aussie shares on track for their best day since 2020. On news that Trumps tariffs would be delayed for everyone except China, the Dow surged almost 8%, the S&P 500 jumped 9.5% — its best day since 2008 — and the Nasdaq soared 12.2%, its second-biggest gain ever. While uncertainty remains with China preparing stimulus measures and tensions far from resolved, markets are riding the wave of optimism — at least for now.
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It was a historic day on Wall Street as the Trump administration paused reciprocal tariffs with several key trading partners, sparking a broad market rally. All sectors of the S&P 500 closed higher, led by strong gains in information technology, while the NASDAQ logged its second-biggest gain on record. Investor speculation is building that the Federal Reserve may step in if the bond sell-off intensifies, adding further fuel to market optimism. Commodities surged on the news, with oil jumping 4% and gold soaring 3% to hit fresh record highs. Looking ahead, Aussie shares are expected to rally sharply, with futures pointing to a 6% surge at the open.
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The Aussie market has taken a tumble once more today following the short-lived improvements of yesterday amid the introduction of further reciprocal tariffs. Laura reflects on the recent turbulent performance both locally and globally as the highest tariffs in more than 100 years have been introduced, unpacks the sectors with all but one falling - some substantially, and she looks at the few stocks that have managed gains.
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Wall Street surrendered early gains overnight as the US-China trade war intensified. Long-term interest rates surged as investors shifted their focus to the inflationary impact of rising tariffs. Apple shares have plunged more than 20% in recent days, while US defence stocks climbed on hopes of increased government spending. In Europe, share markets rebounded slightly from 14-month lows after four consecutive sessions of heavy selling. Commodities also took a hit, with prices slumping amid growing concerns over global growth. Meanwhile, Aussie shares are expected to open lower on Wednesday, giving up the previous day’s gains and the Aussie dollar remains at five-year lows.
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It is a sea of green today as Laura unpacks the performance of the local market following the steep declines of yesterday. Laura reflects on this best day locally since November 2022 and recaps the performance of international markets overnight. Tariffs continue to dominate the headlines with China refusing to back down on their retaliatory tariffs and Trump set to impose further tariffs in response. Locally interest rate cuts are becoming more likely, and Laura talks through the companies that caught attention including Star Entertainment.
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US markets attempted to consolidate overnight, but ongoing tensions between the US and China did little to calm investor nerves. Bond markets surged higher, defying expectations of a potential rate cut in May. Apple shares were caught in the geopolitical crossfire, while communication stocks found pockets of support. In Europe, markets slumped on Monday, dragged down by weakness in energy and financial stocks. Meanwhile, commodity prices continued their retreat, with both gold and oil slipping lower. And despite the global uncertainty, futures are pointing to a gain for the ASX 200 when local trade begins.
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It has been a rough day for the Aussie market today as it mirrored global markets and dropped substantially with declines not seen since 2020. Trump’s tariffs have sparked discussions of a global recession and Laura unpacks the global market moves being made amid these events. Laura unpacks the performance of the local sectors with declines happening across the board, both the Aussie dollar and gold prices have dropped, and Laura talks through the stocks that did manage to see some gains amid a sea of red.
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US and European markets plunged as investors reacted to the deepening US-China trade war and rising global growth concerns. Panicked investors pushed the fear gauge to its highest level since April 2020, while interest rates fell to lows not seen since September 2022. Commodities also sank, led by copper’s biggest one-day drop since 2020. The Aussie dollar retreated, weighed down by fears of a slowdown in China, and local markets are bracing for impact, with Aussie shares expected to post their worst single-day performance in five years on Monday.
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Join Laura as she dives into a turbulent week for markets, with Trump's new tariffs sparking a sharp global sell-off. The Aussie market has tumbled back into correction territory, wiping out over $110 billion this week alone, with 10 of 11 sectors in the red. Meanwhile, some gold miners like Capricorn Metals bucked the trend, hitting all-time highs.
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The US market has experienced a significant sell-off, erasing $2 trillion in value as investors reassess growth prospects and company earnings. Stock markets worldwide have plunged, with global manufacturers leading the declines. Major names such as Nike, Apple, Amazon, and Starbucks have suffered double-digit losses, reflecting widespread uncertainty. Interest rates have fallen to their lowest level since October, while oil prices have retreated amid fears of a global recession. Closer to home, futures indicate further declines for the ASX 200, though the Australian dollar has shown resilience despite the broader market downturn.
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Global markets took a hit after Trump’s tariff announcement, with the Aussie market initially plunging 2.1%—wiping nearly $50 billion off its value—before recovering slightly to a 1% loss ($23 billion). Investors reacted sharply to new baseline 10% tariffs on all countries and much higher levies on major trading partners like China, triggering fears of a trade war. Defensive stocks like consumer staples provided rare bright spots, while energy, tech, and mining stocks suffered. Gold surged to a record high, benefiting gold miners, while agriculture and luxury retail stocks with US exposure tumbled.
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Wall Street posted modest gains as investors await clarity on the scale of tariffs affecting all U.S. imports. In corporate news, Tesla rebounded from steep losses following reports that Elon Musk plans to step down as a Trump advisor, while Amazon shares rose after a bid to acquire TikTok. Across the Atlantic, European markets retreated, with industrials and automakers leading the declines. Meanwhile, in commodities, oil gained nearly 1% as sanctions remained in focus, while gold and iron ore also saw gains. Looking ahead, Aussie shares are set for a flat open as investors await the RBA's financial stability review.
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The Aussie market has managed to hold onto some of the gains this afternoon despite dropping from the highs earlier in trade. Laura discusses Trump’s tariffs with further information expected around them tomorrow morning at this stage, and she looks at the performance of the US market overnight. A May rate cut continues to be in the conversation, mining and energy stocks have taken a hit, and gold prices have dropped slightly following the recent record high for the commodity. Laura unpacks the performance of each of the sectors and the standout performers today including Emerald Resources and Zip.
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Wall Street moderated as investors remained cautious ahead of upcoming tariffs set to take effect on Liberation Day. Concerns over slowing manufacturing activity added to broader growth fears, while falling interest rates signaled expectations of three rate cuts in the US this year. In corporate news, Tesla shares rebounded ahead of its quarterly sales report, while Johnson & Johnson declined after a judge's ruling. Moderna continued its slump, weighed down by FDA-related developments. Meanwhile, commodities softened, pressured by growth concerns and Aussie shares are expected to consolidate on Wednesday following yesterday’s strong gains.
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The market has finished the session with a gain this afternoon coming off the back of recent losses. Laura unpacks the recent performance both internationally and at home and discusses the retail spending data that was in focus this morning ahead of the RBA interest rate decision. Rates remained on hold as expected and so Laura gives some insight on that decision and the outlook for future cuts, further explores the ongoing tariff conversations, and looks at the performance of each of the sectors with gold stocks catching attention as the commodity sees another record high.
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Wall Street bounced back from early losses, with investors positioning ahead of the month’s close. The Dow Jones led the late-session recovery, boosted by a 3% gain from Walmart. In Europe, markets struggled, with German stocks hitting their lowest levels since February and auto manufacturers led the decline ahead of Liberation Day tariffs. Commodities painted a mixed picture—oil prices rose, and gold stocks hit fresh record highs, while iron ore and copper slipped. Looking ahead, Aussie shares are set for a weaker start to April, with futures pointing to a lower open.
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The Aussie market is set for its worst day in three weeks, down 1.5% as investors react to a sharp decline in U.S. markets, rising inflation concerns, and uncertainty over Trump's impending tariffs. Gold has surged as a safe-haven asset, but even gold stocks are caught in the broader sell-off. Looking ahead, markets will be watching Trump's tariff moves, Friday’s U.S. jobs report, and a key speech from Jerome Powell. Locally, all eyes are on the RBA's interest rate decision tomorrow, widely expected to remain unchanged as policymakers wait for fresh inflation data.
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Wall Street is facing renewed growth concerns as Trump’s tariffs return to the spotlight. Technology stocks led declines, with Apple and Amazon each tumbling more than 4%. Auto makers also retreated on tariff worries, dragging General Motors and Ford lower. Elsewhere, Lululemon shares slumped following a profit downgrade. In Europe, car makers continued to weigh on EU stocks, reflecting similar concerns over trade policy. In commodities, the oil market is in focus as Trump threatens new energy tariffs, while gold surged as investors sought safe-haven assets. Looking ahead, SPI futures indicate a steep drop for the ASX 200.
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The market has snuck into positive territory today but only slightly following a mostly flat performance. Laura and Stevie reflect on the recent correction that the market has seen and the rebound that followed, continue the discussions around tariffs, and look at the mixed performance across the sectors. Paladin Energy caught attention as did Aurora Innovation, and they look at what could move markets in the days ahead.
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Wall Street is retreating as concerns over trade tensions intensify, with the latest Trump tariffs on auto imports casting a shadow over global growth. U.S. and European carmakers are leading declines, while industrial metals are under pressure as investors question future demand. In commodities, oil prices are firming amid falling U.S. inventories, and gold is edging back toward record highs. Looking ahead, SPI futures indicate a flat start for the ASX 200 on Friday as markets assess the ongoing trade uncertainty.
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The market has had a solid run over the past five days but today snapped that winning streak closing slightly lower. Laura and Stevie reflect on this positive run and the impact that tariff conversations may have played in the end to the rally. They reflect on the performance of the sectors with energy and mining doing their part to keep the market aloft, and they talk through the attention grabbing stocks including Pro Medicus and Healius.
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US stocks fell sharply as President Trump prepared to announce auto tariffs, dragging down car shares. While banks appeared resilient against the latest tech-led sell-off, tech stocks faced heavy pressure, with Nvidia hit particularly hard. Meanwhile, CFO optimism in the US declined amid growing tariff uncertainty, though the US dollar gained on the same concerns. In Europe, UK Finance Minister Rachel Reeves trimmed spending plans, while cooling inflation provided a boost to the FTSE 100. In commodities, oil prices climbed 1% on a US crude draw, gold slipped as the dollar and bond yields strengthened, and iron ore firmed on rising Chinese demand. Looking ahead, Australian shares are expected to snap a five-day winning streak.
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The Aussie market has seen further gains today with most of the sectors in positive territory. Laura is solo today unpacking the session and reflects on the federal budget with many of the announced measures unlikely to impact interest rate decisions, inflation data coming in softer than expected however did result in some choppy moves this afternoon. Dividend payments continue to be a focus this week, and Laura discusses the stocks that caught attention including Paladin and Ramelius.
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Wall Street wavered overnight as investors digested Monday’s strong rally. US consumer confidence fell to a four-year low, weighing on sentiment. Meanwhile, KB Home shares slipped on affordability concerns, while UPS also declined amid worries over weak demand. In contrast, International Paper gained as brokers predicted a guidance beat. Elsewhere, Tesla’s market share in Europe continued to decline, despite growth in overall EV registrations. In commodities, oil prices fell after Russia and Ukraine agreed to a Black Sea shipping truce, while US copper hit a record high. Closer to home, tax cuts for Australians were announced in the Federal Budget and looking ahead, the ASX is expected to lift on Wednesday ahead of key inflation data.
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The Aussie market is clinging to gains after a choppy session, with the ASX 200 flirting with the 8,000-point mark before retreating. US markets provided some support, buoyed by optimism over a potentially softer approach to tariffs. Tech stocks led local gains, mirroring a strong Nasdaq performance, but with Australia's tech sector being small, it wasn’t enough to lift the whole market. Looking ahead, the federal budget and key inflation data could shake things up, but with the RBA unlikely to move on rates next week, investors remain in wait-and-see mode.
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US markets rose overnight, buoyed by hopes of softer tariff measures. Tesla rebounded 10%, marking its strongest rally since the post-election surge, while Chinese rival BYD surpassed Tesla in revenue. In contrast, Azek slumped following its deal with James Hardie. Bond yields climbed on reports suggesting narrower tariffs from the Trump administration. Across the Atlantic, European markets ended flat as investor caution prevailed. In commodities, oil climbed 1% as Trump’s proposed tariffs that buy Venezuelan oil and gas, gold slipped on a stronger US dollar and iron ore prices rose on the back of solid Chinese demand. Looking ahead, Australia’s pre-election budget could temper expectations for further RBA rate cuts and Aussie shares are expected to open higher on Tuesday, ahead of the federal budget.
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A flat start to the week for Aussie stocks, with investors keeping a close eye on inflation data and a wave of dividend payouts ahead. The ASX 200 is struggling to break past the 8,000-point barrier, despite last week's 1.8% gain—its best of the year. Financials are holding the market up, while tech and consumer staples are among the worst performers. . Investors are also watching James Hardie’s $14 billion takeover deal and upcoming US inflation data, which could impact expectations for interest rate cuts.
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Wall Street ended the week with modest gains, as the Dow Jones notched its biggest weekly advance in two months. Tech stocks led Friday’s climb, adding momentum to the broader market. Meanwhile, FedEx shares slumped after the company cut its full-year forecast, while Nike fell as tariffs weighed on revenue. In commodities, oil prices firmed for a second straight week, gold eased back from record highs, and iron ore slipped on concerns over Chinese demand. Looking ahead, Aussie shares are expected to open lower on Monday.
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Despite a turbulent session the market is in positive territory today which after the improvements of yesterday has set us up for the best week of the year. Laura and Stevie discuss the performance of international markets overnight amid the ongoing trade uncertainty and look at the local market with Coles and Woolworths pushing consumer staples higher after the ACC’s investigation into price gouging. They discuss the stocks that caught attention today including Premier Investments and Paladin Energy, and look to the week ahead with a substantial amount of dividends set to be paid out.
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Wall Street’s recovery lost momentum overnight, with technology stocks leading declines. In company news, shares in Accenture and IBM fell after warnings of DOGE cost cuts. Meanwhile, US bond yields tumbled as the Federal Reserve highlighted growing economic risks. In Europe, markets also slipped after global central banks flagged rising economic uncertainty. Elsewhere, oil prices climbed more than $1 after the US announced new sanctions on Iran, while gold surged to a fresh record high on expectations of US rate cuts. Looking ahead, the Australian share market is expected to finish the week lower, despite Thursday’s rebound.
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The Aussie market has lifted today meaning we are on track for the best day in around six weeks. Laura and Stevie unpack this solid rebound following the recent lows and reflect on the monthly performance to date. With the US market seeing gains overnight they discuss this performance and with local jobs data having missed expectations and stealing the spotlight they unpack the part that this could play in local rate decisions. They look at the performance of each of the sectors with most charging higher, and the day ahead.
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Wall Street advanced overnight, with the Dow Jones posting strong gains following the latest Federal Reserve decision. Technology stocks led the charge as long-term interest rates eased. European markets also climbed for a fourth consecutive session, with attention turning to Friday’s final vote on Germany’s spending plan. Meanwhile, energy stocks rose on the back of higher oil prices, while gold notched its 15th record high this year. Closer to home, Aussie shares are expected to open higher ahead of key jobs data.
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The Aussie market’s three-day winning streak came to an end, with the ASX slipping 0.4% after a choppy session. Global markets remain volatile, with the S&P 500 still nearly 9% below its February peak and the NASDAQ down 13%. Nvidia’s highly anticipated developer conference failed to impress, leading to a 3.3% drop in its stock price. Gold continued its record-breaking run, while oil prices struggled due to potential easing of Russian export sanctions. Locally, banks weighed on the market, while New Hope surged after strong earnings and a dividend boost. Investors now turn their attention to the U.S. Federal Reserve’s interest rate decision overnight, as well as Australia’s key jobs report tomorrow, which could influence future RBA rate moves.
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Wall Street slipped overnight after a short-lived recovery, weighed down by fresh concerns across multiple fronts. The cost of US tariffs is increasingly being passed through to import prices, while bond markets are bracing for a slowdown. Meanwhile, chip giant Nvidia failed to impress with its highly anticipated AI ‘Super Bowl’ event, despite unveiling its new Blackwell Ultra and Vera Rubin AI chips. In Europe, German shares reached record highs after the country’s parliament passed a key fiscal reform bill. In commodities, copper surged to a 10-month peak, but oil eased 1% amid reports of US-led peace talks. Looking ahead, Aussie shares and the Aussie dollar remain under pressure in a risk-off environment.
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The Aussie market is barely holding onto gains after a volatile session, with global markets still recovering from recent corrections. Despite a strong start, the market has given back most of its early gains, though a third consecutive day of growth remains possible. The U.S. market has also been struggling, with the Dow Jones suffering its worst week in two years. Meanwhile, gold has surged to record highs amid geopolitical tensions, energy stocks are seeing modest gains despite long-term declines, and banking stocks are mixed.
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Wall Street continued its recovery as the Dow Jones surged 500 points, and all S&P 500 sectors traded higher. However, a pullback in services weighed on the retail spending rebound, adding some uncertainty to the market’s momentum. Meanwhile, Nvidia investors are looking to the CEO’s upcoming speech to sustain the stock’s recent rebound. In commodities, copper reached a five-month high amid renewed Chinese stimulus measures, while oil prices edged higher amid optimism for China’s economic outlook. Looking ahead, markets are focused on the upcoming FOMC meeting, and Aussie shares are expected to rise on Tuesday, with the Aussie dollar gaining as the greenback weakens.
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The Aussie market kicked off the week with strong gains, rising 0.7% on Monday, marking its second consecutive day of growth. A rebound in U.S. markets, hopes of Chinese stimulus, and rising commodity prices helped fuel the rally, with energy and mining stocks leading the charge. Notable winners included Mineral Resources, A2 Milk, and Woodside Energy, while gold miners and NAB lagged behind. Meanwhile, China’s latest data showed mixed signals, with retail spending improving but property-related indicators remaining weak. Investors are eyeing key events this week, including Australia’s jobs report, and central bank meetings from the U.S.
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U.S markets have seen improvements after a challenging week, signalling resilience. Averting a government shutdown provided some relief, though consumer sentiment has fallen to its lowest level since 2022. Commodities surged, with gold reaching a record high and iron ore approaching a two-week peak. Meanwhile, Chinese economic data is expected to reflect the impact of recent stimulus measures. Looking ahead, Aussie shares are poised for gains after their own turbulent week.
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Amid a week of losses, the market has recovered slightly this afternoon bringing with it the first gain since Monday. Laura and Stevie reflect on the turbulent recent performance with the market having seen significant drops since the February record high, and further unpack the ongoing tariff saga. Most of the sectors have seen strong gains today with the materials space boosting the overall market performance, they look at the large cap stocks seeing significant declines, and the plethora of potentially market moving events on the way.
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US stocks tumbled, pushing the S&P 500 into a 10% correction. In company news, Adobe shares fell as a tepid outlook failed to excite investors, while Tesla remained volatile. Meanwhile, US bond yields declined following benign producer price data. Elsewhere, European shares edged lower after President Trump vowed 200% tariffs on EU wine. In commodities, oil prices dipped on shifting supply-demand expectations, iron ore rebounded on resilient Chinese demand, and gold surged to a record high. Looking ahead, a correction wave is set to hit Aussie shares.
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The session started with some small gains to give investors hope, but unfortunately those moves in the right direction were wiped out as the day went on. Laura and Stevie reflect on this performance and the lifts in international markets overnight amid inflation data and tariffs, they unpack each of the local sectors with declines being the common theme since mid-February, and the part that business inflation could play on stock movements. Gold miners is the corner of the market that is seeing gains, broker outlooks have seen some shifts today, and they look to the days ahead.
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US markets are showing signs of recovery from recent lows, buoyed by cooling inflation data. Tech stocks saw notable moves, with Intel jumping on reports that TSMC has pitched a foundry joint venture to Nvidia. Energy stocks also surged, with nuclear power companies gaining as Amazon and others pledged to triple capacity. Meanwhile, oil prices rose 2% on tighter US supplies, lifting broader commodity markets. Elsewhere, the Bank of Canada cut interest rates, citing concerns over the ongoing trade war. Looking ahead, Aussie shares are expected to rebound from seven-month lows, while the Aussie dollar strengthens as markets digest the latest US inflation data.
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The Aussie market tumbled to a seven-month low, shedding $47 billion in a single day, with losses now totalling over $300 billion since February’s record high. The ASX 200 slipped into correction territory, down 10% from its peak, with widespread selling hitting 10 out of 11 sectors. Financials, the largest sector, saw their seventh straight day of declines, while a long list of major stocks, including CSL and Fortescue, hit 52-week lows. Trade tensions added to market uncertainty, with the US imposing fresh tariffs on Australian steel and aluminium, despite last-minute diplomatic efforts. Meanwhile, investors are closely watching US inflation data and potential interest rate moves, with hopes that bargain hunters could soon stabilise the market.
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U.S. stocks tumbled to their lowest levels in six weeks as escalating trade war tensions fueled market uncertainty. President Trump is reportedly reconsidering a tariff hike after Ontario halted an energy charge, adding to the volatility. Meanwhile, airlines issued a bleak outlook for consumer demand, and semiconductor giant Teradyne saw its shares plunge to their lowest levels since 2022. Commodity prices edged higher as the U.S. dollar weakened, while Aussie shares are expected to extend their decline, slipping further from seven-month lows.
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Despite a rocky start, the Australian market managed to pare back some of its losses, ending with a decline of around 0.75%. US markets also struggled, with fears over Trump’s tariff policies fuelling uncertainty and pushing the S&P 500 down 2.7% and the Nasdaq down 4%. While most sectors suffered, some bright spots included gains in major banks, a slight rebound in mining stocks, and energy companies benefitting from higher coal prices. Looking ahead, US futures hint at a marginal recovery, but uncertainty remains a key theme.
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Wall Street faces significant declines, with U.S. stocks sinking to six-month lows. A wave of recession anxiety has driven investors toward safer assets, fueling a rally in U.S. bonds. The "Magnificent 7" tech stocks suffered their steepest single-day drop since July 2024, while Tesla plunged 15%—its worst decline since 2020. Meanwhile, commodity prices are under pressure due to tariff uncertainty, and Aussie shares are expected to retreat back to six-month lows.
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Aussie stocks showed a modest lift on Monday, breaking a four-day losing streak. While trading was light due to public holidays in several states, gains in energy and mining stocks helped boost the market. US markets also closed higher on Friday, buoyed by Fed Chair Jerome Powell's positive economic outlook and a slightly softer-than-expected jobs report. Investors should watch for Australian consumer and business confidence data this week, as well as key US inflation figures.
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Wall Street finished in positive territory on Friday but still logged steep weekly losses. Federal Reserve Chair Jerome Powell acknowledged ongoing economic uncertainty but reassured that the U.S. economy remains strong. In corporate news, Hewlett Packard shares plunged to their lowest level in five years following a disappointing earnings report, while Broadcom shares surged on an optimistic outlook. Looking ahead, Aussie shares are expected to rise on Monday after hitting six-month lows, though ex-dividend pressures could pose a challenge.
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It has been a rough day for the Aussie market with 80% of companies in the red. September 2024 was the last time that the market was at this level and so Laura and Stevie unpack the reasons behind this slump. Market uncertainty is once again in the conversation as Trump continues to move the goalposts on implementing tariffs, They unpack the performance of each of the sectors with financials and tech taking a knock, and look into the stocks making headlines including Star Entertainment and PolyNovo.
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Tariff policies remain a key driver of market volatility, though President Trump has announced a delay on Mexico tariffs. The S&P 500 has dropped to its lowest level since early November, while stocks like Marvel Technology and Victoria’s Secret are struggling due to weak forecasts and macroeconomic risks. US bond yields have risen following labour market data, and the European Central Bank has cut rates again, though a pause in April is increasingly likely. Meanwhile, copper has surged to a four-month high while oil remains flat in choppy trading. Looking ahead, Aussie shares are expected to fall further from 11-week lows.
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The market has seen another drop today hitting the lowest level since late December and setting up for a third week of declines. Laura and Stevie unpack this performance and the part that ex-dividend stocks played in the losses and discuss the impact that tariff conversations continue to have on US markets. They break down the performance of each of the sectors with energy stocks taking a hit and they look at the Biggest movers with the insurers gaining attention ahead of Tropical Cyclone Alfred making landfall.
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Wall Street experienced a recovery after President Trump postponed Canada and Mexico tariffs by one month, boosting investor sentiment. He also unveiled ambitious plans for the shipbuilding industry. Foot Locker shares surged on strong earnings, while U.S. private payroll growth slowed sharply in February. Meanwhile, the euro reached a four-month high following Germany’s new infrastructure fund announcement. In commodities, copper stocks rallied after Trump signalled a 25% tariff, while Brent crude prices slumped to a three-year low. Looking ahead, Aussie shares are expected to recover from a 10-week low.
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The Aussie market continued its downward trend, with the ASX 200 dropping 0.8%, hitting its lowest level since late December. This decline comes as the Trump administration imposed steep tariffs on Canada, Mexico, and China, prompting retaliatory measures. While most sectors struggled, tech, utilities, and property trusts showed slight gains, and gold stocks provided a bright spot as investors sought safe havens. Tomorrow is set to be a critical day for ex-dividend trading, with major stocks like BHP, Rio Tinto, South32, and Woodside in focus.
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Trade war fears rattle markets, weighing on US shares and driving Treasury yields lower. Automakers Ford and General Motors face further downside due to tariffs, while retailers like Target and Best Buy warn of potential price hikes. The US dollar also weakened amid growing concerns over economic growth, and oil prices hit a six-month low due to increased OPEC output. Looking ahead, Aussie shares are set to open lower on Wednesday ahead of key economic growth data.
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The Aussie market had a rough session, sliding 0.6% after a promising start to March, with global markets also feeling the pinch. Trump's tariffs on Canada, Mexico, and China kicked in, fuelling trade war concerns and adding uncertainty to Australia's market. Oil prices dropped to a 12-week low, meanwhile insurance stocks reacted to an impending cyclone, and gold prices rose as investors sought safety amidst market volatility.
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Wall Street saw declines as energy stocks dragged the S&P 500 down, while the Dow Jones fell on tariff concerns. US bond yields slipped following disappointing manufacturing data, while semiconductor shares also slumped. In contrast, European markets closed at record highs, driven by gains in defence stocks. Meanwhile, oil prices dropped to their lowest level this year as OPEC signalled plans to revive output, and iron ore fell to more than a six-week low amid tariff tensions. Closer to home, the ASX is set to open lower on Tuesday ahead of the Reserve Bank of Australia's meeting minutes.
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The Aussie stock market started March strong, rising 0.9% after a tough February. Market sentiment is influenced by Trump's latest moves, including impending tariffs on Canada, Mexico, and China, as well as his crypto reserves plan. Locally, all 11 sectors gained, led by energy, materials, and tech stocks. Star Entertainment's trading suspension looms large, with liquidity concerns threatening its survival. Investors are watching upcoming economic data, including RBA minutes and retail trade figures, along with a wave of stocks trading ex-dividend.
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Wall Street ended a turbulent month on a positive note, with the S&P 500 getting a late-day boost. However, the Nasdaq posted its worst month since April 2024, reflecting ongoing market uncertainty. Meanwhile, U.S. consumer spending fell in January as inflation continued to ease. In corporate news, AES shares soared after the company reported better-than-expected earnings. Over in Europe, markets closed higher for the 10th consecutive week, extending their recent winning streak. Closer to home, Aussie shares are set to start the new month on a stronger note after suffering their worst monthly performance in nearly two and a half years. In the property sector, the Aussie housing market appears to have turned a corner, with sentiment improving following a recent interest rate cut.
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The market is down today and Laura and Stevie reflect on a month that has dropped to levels not seen since 2022. They discuss how the US market performed overnight and the impact that likely had on local markets with Chinese tariffs in the conversation again and dragging on markets. All of the sectors are in the red, they talk through the biggest movers including PEXA group, and Endeavour Group, and they look to the days ahead with US inflation data gaining attention as the earnings season wraps up.
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US stocks are experiencing some volatility after Trump affirmed that tariffs will take effect sooner than previously expected. In company news, investors reacted to a mixed earnings report from Nvidia, while eBay shares tumbled on disappointing first-quarter sales. In contrast, Warner Bros. shares jumped on gains in streaming subscribers. Meanwhile, US Treasury yields rose ahead of key inflation data, strengthening the US dollar and driving gold prices down more than 1%. Closer to home, Harvey Norman remains in focus as the final day of the reporting season unfolds and Aussie shares are expected to open lower on the last trading day of February.
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The market has edged higher today following the recent losing streak. Laura and Stevie talk through this session and the impact that Nvidia’s record breaking earnings results had on both local and international markets. Locally most of the sectors saw improvements across the session, they talk through the earnings results that caught attention including Coles and IDP Education, and they look to the upcoming happenings that could move markets including economic growth data out of the US and a weekly update on crude oil inventories.
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US stocks are experiencing a downturn ahead of key earnings results, with Nvidia set for a major test. On the other hand, General Motors raised its quarterly dividend. Meanwhile, US defence stocks fell as Trump confirmed Mexico and Canada tariffs will take effect on April 2. In commodities, oil remains at a two-month low amid rising US fuel inventories, while copper surges and iron ore extends its losing streak. European shares closed at record highs, and the ASX is set to slip on Thursday ahead of earnings reports from Coles and Qantas.
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The market has dropped again today in a week that has seen mixed performance across the sectors. Laura and Steve unpack the session with materials doing the worst and financials helping to balance some of those losses. Earnings results will continue through the week and so they analyse likely outcomes from these and they reflect on the part that tariff conversations continue to play on local stock moves. Inflation data met expectations, and they discuss why this may not influence interest rate decisions.
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The S&P 500 has extended its losing streak to four days as weak consumer confidence data weighed on sentiment. Nvidia dragged the NASDAQ lower ahead of its earnings report, while the Magnificent 7 stocks slipped into correction territory. Meanwhile, Tesla sales plunged 45% in Europe, and Krispy Kreme shares suffered a record drop. In Europe, stocks ended higher as gains in banking and healthcare offset weakness in technology. Commodities also faced pressure—oil hit a two-month low, gold saw profit-taking, and metals declined amid rising China tensions. Locally, Woolworths and Flight Centre’s earnings will be in focus today, while Aussie shares are set to open lower ahead of key inflation data.
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The Aussie market is down for the sixth time in seven sessions, with losses across tech, mining, and banking sectors. Investors are on edge ahead of Nvidia’s earnings and key U.S. inflation data, both of which could shake global markets. While energy stocks are mixed, Woodside is up despite a profit slump, and consumer discretionary stocks, including Wesfarmers, are dragging. Meanwhile, Zip has surged 17% after strong earnings, while Domino’s shares took an 11% hit after reporting a loss. With Aussie inflation data coming tomorrow and major earnings reports still to come, volatility remains high.
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Wall Street is seeing mixed trading, with Nvidia's earnings in focus. In company news, Apple plans to add 20,000 U.S. jobs amid tariff concerns, while Alibaba shares drop on China trade worries. Berkshire rises on strong earnings, but Domino’s slips after a U.S. sales miss. Meanwhile, U.S. Treasury yields are lower ahead of key inflation data, and European markets edged down following Germany’s election outcome. In commodities, gold hits a record high, copper dips on tariff fears, and steel duties weigh on iron ore sentiment. Looking ahead, the ASX and Aussie dollar are expected to slip on Tuesday.
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The Aussie market started the week with little movement, as declines in tech and resource stocks were balanced by gains in the big banks. Despite slipping earlier, the market recovered from its worst levels, continuing a rough streak of losses over the past six weeks. Globally, the US market saw its worst session of the year, with tech giants dragging the S&P 500 lower. Locally, earnings season is in full swing, with major results shaking up stocks—Wisetech plunged 20% after boardroom turmoil, while EVT jumped 12.5% on strong earnings. Looking ahead, key earnings from companies like Woolworths, Qantas, and Nvidia, along with inflation data from Australia and the US, will be in sharp focus.
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Stocks ended the week lower, with Wall Street suffering its worst session of 2025 so far. US bond yields fell amid weakening economic data, while UnitedHealth declined on a Medicare billing probe. Akamai slipped on a weak outlook, but vaccine stocks jumped on reports of a new coronavirus study in China. In Europe, the Stoxx 600 neared record highs as Germany’s election took focus. In commodities, oil prices fell, gold eased from record highs on profit-taking, and copper declined on concerns over Chinese demand. Closer to home, the ASX selloff is expected to deepen ahead of the final week of earnings, while the Aussie dollar weakened on risk aversion.
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The Aussie share market is wrapping up its worst week since September 2022, down roughly 3% as financial stocks weigh heavily after a string of disappointing bank earnings and an RBA rate cut. Despite hitting record highs just last week, the financial sector is now on track for its worst weekly performance in two and a half years. Meanwhile, the materials sector is offering some support, with BHP up nearly 3%. In company news, Domain surged 40% after receiving a $2.7 billion buyout offer while competitor REA slumped. Looking ahead, next week’s earnings season remains packed, with major names like Woolworths, Qantas, and Nvidia in focus.
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US stocks fell as Walmart’s profit forecast missed expectations amid slowing growth, while Palantir shares fell as the Pentagon planned budget cuts. Alibaba surged on an e-commerce and cloud revival, and Hasbro gained on a profit beat. Meanwhile, US banks underperformed, heading for their worst drop in two months, and European stocks declined ahead of the German election. Oil extended its rally for a third straight day, while gold soared to fresh record highs. In Australia, shares are expected to snap a four-day losing streak, with the Aussie dollar rising as the US dollar weakened on tariff fatigue.
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The Aussie market continued its losing streak, falling 1.3% and hitting a one-month low, weighed down by declines in financial and materials stocks. Banks, particularly ANZ, struggled after recent strong gains, while mining giants Fortescue and Rio Tinto disappointed with lower profits. Despite a challenging environment, some bright spots emerged—Telstra surged after announcing a dividend increase and a $750 million buyback, while tech firm Megaport jumped 18% on strong earnings.
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The S&P 500 reached new record highs despite a mixed market performance. President Trump has announced plans to impose tariffs on autos, pharmaceuticals, and chips, raising concerns among Fed officials about inflation. European shares saw their biggest daily drop of 2025 on tariff fears, while UK inflation jumped to a higher-than-expected 3% in January. In corporate news, Apple unveiled a low-cost iPhone with AI capabilities, and Microsoft shares climbed after introducing its first quantum computing chip. Meanwhile, oil prices rose on supply concerns, and gold hit a fresh record high. Looking ahead, Aussie shares are set to dip after Rio Tinto reported its smallest profit in five years, and jobs data will be in focus as the Aussie dollar weakens.
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The Aussie market suffered its third consecutive decline, with financial and energy stocks leading the losses. The financial sector, in particular, posted its worst drop of the year, driven by NAB’s disappointing quarterly report and CBA trading ex-dividend. Meanwhile, mineral resources plummeted over 20% after swinging to a major loss and cutting its iron ore guidance, while Santos slashed its dividend following a dip in profits. Looking ahead, investors are eyeing key jobs data and a massive reporting day featuring Rio Tinto, Telstra, and Wesfarmers, among others.
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US investors return from a public holiday with a cautious mindset, yet optimism remains for equities, as investors expect them to be the best-performing asset class in 2025. In corporate news, Intel shares surged the most since 2023 on speculation of a potential breakup, while SuperMicro extended its rally after issuing a bullish forecast. In contrast, Medtronic fell as quarterly sales missed expectations. Australian stocks are in focus as NAB, Santos, and Rio Tinto prepare to release earnings today. Meanwhile, oil prices climbed on discussions of an OPEC production delay, and gold gained amid uncertainty surrounding potential Trump-era tariffs. Elsewhere, the RBNZ is expected to deliver another 50 basis point rate cut, while in Australia, the ASX 200 is set to slip on Wednesday, and the Aussie dollar remains flat following yesterday’s rate cut.
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Interest rates have been cut today and the market’s reaction was mixed. Laura and Stevie unpack this volatility and the uncertainty in investor sentiment following statements from the RBA that muddy expectations around further rate decisions. The interest rate sensitive sectors today took a hit, and there was a barrage of earnings results out today including Baby Bunting and Challenger.
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The Presidents’ Day public holiday has Wall Street offline yet it ended higher in afternoon trade. In Europe, stocks hit record highs, with defense stocks surging amid ongoing geopolitical tensions. In commodities, oil prices lifted on speculation that OPEC may delay planned output hikes, while gold gained on a softer U.S. dollar. Meanwhile, iron ore slid as supply fears eased following cyclone concerns, putting iron miners on track for their weakest results since 2019. Closer to home, BHP is set to report its half-year results, with investors watching closely for insights into the mining giant’s performance. Looking ahead, Aussie shares are expected to open higher on Tuesday ahead of the RBA’s interest rate decision, while the Aussie dollar has climbed to a two-month high against the greenback.
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The market has fallen today but this is following four straight days of improvements. Laura and Stevie reflect on today’s session and discuss the imminent interest rate decision. They discuss the likelihood of a rate cut and the impact that either outcome could have on the market, and look at the performance of each of the sectors with some of the biggest ones being weights on the market. They talk through the stocks that moved the most including Bendigo Bank and A2 Milk, and they look to the week ahead.
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Wall Street had a mixed finish last week, with the broader market remaining flat while technology stocks led gains despite rising concerns over export controls. Better-than-expected earnings provided support, helping stocks notch weekly improvements. In company news, Airbnb shares surged after delivering a stronger-than-expected outlook, while Applied Materials fell on a downbeat forecast. Looking ahead, the ASX200 is set to open lower on Monday, pulling back from record highs. Investors will be focused on Tuesday’s interest rate decision from the RBA, along with earnings reports from A2 Milk, BlueScope Steel, and GPT Group.
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To conclude what has been a huge week of earnings results Laura joins us this afternoon solo to chat through a day that has exceeded expectations with another record high. She reflects on the session and looks at the US market performance overnight amid further talks of tariffs. The sectors have mostly seen rises with consumer staples leading those gains, and Laura looks to the stocks which moved the most including Sigma Healthcare and Mirvac Group.
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Technology stocks are leading the market higher despite ongoing inflation concerns, with Nvidia rising on strong chip demand and Apple shares gaining ahead of a new product launch on February 19. US bond yields have dropped after producer price data signaled easing inflation, while MGM Resorts saw its biggest jump since 2020. Meanwhile, AppLovin is emerging as a potential rival to TikTok. In commodities, oil steadied after paring losses on tariff hopes, but iron ore declined due to Indian tax concerns. Gold, on the other hand, rose in response to Trump’s tariff plans. Looking ahead, Aussie shares are expected to open higher on Friday ahead of key earnings reports from Cochlear and Mirvac.
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The market hit a record high today but softened as the session went on only just finishing in positive territory. Laura and Steve reflect on the recent market performance and the attention that US inflation data took overnight ahead of the upcoming RBA meeting. The sectors saw mixed performance with materials keeping things afloat, earnings reports continue to be the focus with IAG shares taking a significant hit today, and they look to the companies still yet to report in the coming days.
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Wall Street slipped as investors reacted to the latest inflation figures, with Treasury yields seeing their biggest jump since December following Jerome Powell’s testimony. The Consumer Price Index revealed a significant rise in food prices, particularly eggs, adding to inflation concerns. Energy stocks slipped amid an inventory build, while CVS Health soared after its fourth-quarter profit signalled improvement. Gilead Sciences also gained on strong earnings, but Kraft Heinz fell short of expectations. Meanwhile, DoorDash shares jumped on an upbeat outlook, and iron ore prices rebounded due to supply concerns in Australia. Looking ahead, Domain Group is set to report earnings today, while Aussie shares are expected to open higher ahead of Treasury Wine Estates' results. The Aussie dollar is also recovering after US consumer prices rose more than anticipated.
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The market gained momentum in afternoon trade today after a largely flat start, with most of the gains driven by just a few stocks. Performance was mixed across the sectors, but the banking sector led the charge and ultimately helped us to finish in positive territory. Laura and Stevie reflect on the session and talk through the stocks that saw the largest moves with Computershare and Evolution Mining gaining attention. They discuss earnings results for a number of companies and look to the day ahead.
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US inflation data looms as a key market test, while ongoing tariff discussions add to uncertainty. The US dollar held onto losses as Powell signalled patience on rate cuts. In corporate news, an AI partnership between Apple and Alibaba lifted Apple’s shares, while Coca-Cola’s earnings beat expectations, driven by higher prices. DuPont also posted strong results. Across the Atlantic, European stocks hit fresh record highs. Meanwhile, growth concerns weighed on metal prices, while oil climbed on supply worries. Looking ahead, Aussie shares are set to open lower on Wednesday, with focus shifting to Commonwealth Bank’s earnings, which are expected to show strong results.
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The Aussie market struggled to hold onto gains today, with mixed earnings reports and ongoing tariff concerns shaping investor sentiment. CSL dragged the healthcare sector down due to weak flu vaccine sales and underwhelming earnings, while Nine Entertainment surged on optimism about the advertising market. Gold stocks shone as investors sought safe havens amid uncertainty, while industrials and tech performed well.
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Wall Street showed signs of recovery after a volatile week, with tech stocks leading the gains. US steel and aluminum shares climbed as investors reacted to fresh tariffs announced by President Trump. Meanwhile, McDonald's reported stronger international sales, boosting investor confidence. In Europe, markets hit record highs, driven by gains in the FTSE. Oil prices continued to climb despite lingering trade war concerns, while gold soared past $2,900 amid renewed tariff threats. Aluminium also reached a three-week high on fresh US import tariffs. Looking ahead, Aussie shares are expected to rise on Tuesday, with CLS and SGH earnings in focus and the Aussie dollar is also showing slight gains against the US dollar.
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The Aussie market started the week with a slight dip, narrowing early losses but still weighed down by ongoing uncertainty around tariffs. Reporting season is now in full swing, with major companies revealing their latest earnings. Market volatility remains high, particularly for sectors like tech and telecom, with WiseTech dropping on fresh controversies and lithium miner Pilbara sliding on weak commodity prices. Looking ahead, key earnings reports from heavyweights like CSL, Macquarie, and CBA will dominate the week, alongside economic updates on consumer and business confidence.
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Wall Street closed the week under pressure, with the Dow Jones snapping a three-week winning streak. Declining consumer confidence weighed on sentiment, while rising inflation expectations pushed interest rates higher, adding to market concerns. Meanwhile, in Australia, earnings season gained momentum, with retailers taking center stage. JB Hi-Fi’s latest earnings report drew investor attention. Commodity markets benefited from a weaker US dollar, lifting oil, gold, and copper prices. Looking ahead, the ASX is expected to start the week lower, while the Aussie dollar holds onto its weekly gains.
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The market didn’t quite make it to that record high today and the week has finished with a slight decline. Laura and Stevie reflect on this ‘very interesting week’ which started with some significant losses but ultimately levelled out as the week went on. The sectors saw mixed performance with utilities and healthcare seeing losses, and consumer staples and tech among the winners. Dominos have made headlines today with investors boosting them into a winning position, and Collins Foods also gained attention.
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Wall Street continued to consolidate as investors awaited key employment reports, while trade war concerns eased despite ongoing threats from President Trump. In corporate news, Ralph Lauren surged the most in a year following an upbeat outlook, while Tapestry shares soared as Coach exceeded expectations. Philip Morris hit record highs, driven by strong demand for its Zyn nicotine pouches, while Honeywell shares fell amid activist pressure for a breakup. U.S. banks also reached new record highs. Across the Atlantic, the Bank of England cut interest rates, pushing UK shares to record levels. Meanwhile, ArcelorMittal posted its biggest jump since 2020 on strong earnings. In commodities, oil prices declined in choppy trade, gold's record rally paused, and iron ore rose due to concerns over Australian supply. Looking ahead, Aussie shares are expected to ease from record highs on Friday, while the Aussie dollar continues to climb as the U.S. dollar moderates.
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Laura is back with Stevie again today on a day where the market has seen its best performance in around three weeks recovering from the recent market volatility. They reflect on the local market with the energy sector being the only one to see declines, discuss the stocks that saw the largest moves including Newscorp and Star Entertainment Group. Gold prices continue to grow amid the market uncertainty and Laura and Stevie look at what to expect in the days ahead.
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US stocks are consolidating as markets still weigh the ongoing tariff discussions. Traders are looking past AI sector jitters, while bond yields tumble to multi-week lows following weak service sector data. In equities, Alphabet tumbled as slowing iCloud growth made it the worst performer in the S&P 500, while AMD slid after issuing a disappointing AI growth outlook. In contrast, Nvidia surged on the launch of its new AI data centre systems. Meanwhile, Novo Nordisk saw a boost as Wegovy sales doubled, driving strong growth. The US dollar moderated for a second consecutive day, while gold prices soared to new record highs. The ASX is set to rise at the open on Thursday, with investors anticipating REA Group's earnings report and the Aussie dollar surging on a weaker greenback.
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Stevie is going solo today as he recalls a week which has had some challenges. Despite the recent months of strong performances, tariff conversations this week wiped out many of those gains, but today there was some positive moves with the local market clawing back some of those losses and only three sectors dropping. Internationally there were earnings results which could impact the US market overnight, and Steve also discusses the stocks that caught his attention today.
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Wall Street rebounded as stock buyers stepped in, driving gains in the S&P 500, particularly in the energy sector. Investors are closely monitoring talks between President Donald Trump and Chinese leader Xi Jinping. In corporate news, Palantir Technologies surged on strong AI-driven demand, marking its biggest jump in a year. Meanwhile, Merck halted vaccine shipments to China, which negatively impacted its shares, and Pepsi explored ways to boost sales without resorting to price cuts. Estee Lauder shares tumbled after issuing a disappointing outlook, while Ferrari helped lift European markets. In broader market trends, the U.S. dollar weakened as new China tariffs took effect, while gold hit a record high and oil trimmed losses amid pressure from Trump on Iran. Looking ahead, Aussie shares are expected to open higher, supported by strength in energy stocks.
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The market has seen some recoveries today following the substantial tumbles of yesterday. Tariffs continue to be the topic of conversation as delays are now in discussion, and these mixed messages have resulted in erratic market performances internationally. Laura and Stevie look at the local market performance, with tech, banking, and mining recovering some losses, and overall around half of the sectors seeing gains. Pro Medicus attracted attention today, as did Woolworths, and Nufarm.
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US share markets rebounded from recent lows on hopes of a resolution to tariff tensions, while US bond yields fell as investors sought safety. Manufacturing activity in the US expanded for the first time since 2022, offering a positive signal for the economy. However, European shares recorded their steepest daily drop of 2025, and the US dollar softened following a one-month pause on Mexico tariffs. In company news, Moderna led declines on the S&P 500, citing challenges from the latest tariff announcements. Meanwhile, gold surged to a record high, and oil rebounded from a four-week low. Looking ahead, Aussie shares are expected to open higher on Tuesday, with packaging giant Amcor set to release earnings. The Australian dollar also showed resilience, recovering from a five-year low.
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Laura and Stevie join us on a day where we erased almost half of last month’s gains in a single session. In this ‘worst day in five months’ Laura and Stevie unpack this sea of red, and the part that Trump’s tariff decisions have played in the losses. With all of the sectors in negative territory they unpack the performance across the board, and look at the Aussie dollar too which has seen huge drops alongside crypto.
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US stocks faced downward pressure as the deadline for Trump’s tariffs approached. Energy stocks led the declines, with Chevron’s earnings miss weighing heavily on the sector. Meanwhile, Apple shares also ended lower after the company reported disappointing iPhone sales. Technology stocks were among the hardest hit for the week, contributing to broader market losses. Commodity prices, on the other hand, are bracing for a potential resurgence in the US dollar. Looking ahead, the ASX is expected to slip more than 1%, as investors await Australian earnings reports and digest the latest data showing a 0.2% decline in Australian house prices for January.
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The Aussie share market is off to a roaring start in 2025, hitting fresh record highs. This week’s rally was fuelled by softer-than-expected inflation data, which increased the chances of an interest rate cut, as well as strong performances from the materials sector. Global markets had plenty of action too—Trump’s tariff threats shook investors, while the Fed held rates steady. Meanwhile, Apple’s earnings boosted tech stocks, despite a decline in iPhone sales in China. Locally, gold stocks shone bright as prices hit a record high, and companies like Origin and Magellan faced heavy losses. Looking ahead, investors are eyeing key economic reports, including U.S. inflation data, job figures, and local retail spending, as well as big tech earnings from Alphabet and Amazon.
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Wall Street advanced as strong earnings lifted sentiment, though tech stocks struggled. Meta surged on revenue beats, while Microsoft slipped on weak results. UPS plunged after announcing plans to cut business with Amazon, while Las Vegas Sands and IBM rallied on strong sales outlooks. Elon Musk remained upbeat about Tesla’s new EV models despite mixed earnings. Meanwhile, the European Central Bank has cut rates for the fifth time since June 2024. In commodities, US tariff threats capped oil prices, while gold hit a record high on safe-haven demand. Looking ahead, Aussie shares are poised to reach fresh record highs on Friday.
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Aussie stocks hit a record high despite Wall Street’s decline, with the market up 0.7% and on track for its best month since late 2023. Trump took to Truth Social to criticise the Fed for keeping rates on hold, blaming inflation on green policies and vowing to fix it through energy and trade reforms. Locally, softer-than-expected inflation data fuelled speculation of a rate cut in February, with all major banks now eon the bandwagon. Energy stocks rebounded after a rough start to the year, while consumer discretionary stocks outperformed despite cost-of-living pressures. Zip shares tumbled after weak ANZ results, while Lovisa faced pressure over a class action.
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Wall Street’s recent recovery stumbled as technology stocks faced pressure, with the Magnificent 7 taking a hit on earnings day, led by Nvidia’s 6% decline. Starbucks showcased a turnaround with better-than-expected earnings, while ASML surged the most since 2020, buoyed by AI-driven demand. Meanwhile, the Bank of Canada cut interest rates, warning that tariffs could stoke inflation. Across the Atlantic, European markets soared to record highs, fueled by stronger-than-expected earnings. On the commodities front, oil prices dipped as rising US stockpiles weighed on sentiment. The US dollar strengthened as investors digested the Federal Reserve’s latest decision. Looking ahead, Aussie shares are expected to open lower on Thursday, dragged down by energy producers.
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The Aussie stock market rebounded strongly today, with inflation data fueling expectations of an imminent interest rate cut by the Reserve Bank. Softer-than-expected inflation figures pushed the likelihood of a February rate cut from 80% to 90%, boosting investor confidence and driving the ASX closer to record highs. Locally, all 11 sectors ended higher, led by tech, utilities, and property. Company news saw Star Entertainment surge 15% after selling its Sydney event centre, while Pilbara Minerals gained on strong lithium results. Investors now turn their focus to major U.S. tech earnings and upcoming central bank decisions, which could set the tone for markets in the days ahead.
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Wall Street staged a recovery, driven by a rebound in tech stocks, with NVIDIA surging 7% following Monday's AI-driven stock rout. Royal Caribbean also saw gains, buoyed by a positive profit outlook and its new river cruise launch. Meanwhile, President Trump's announcement of potential tariffs on computer chips, steel, and pharmaceuticals stirred market uncertainty, impacting oil prices as traders weighed the implications. Copper prices, however, rose in response to the tariff pledge. In Europe, shares closed at a record high as concerns over the tech sector eased. Looking ahead, Aussie shares are expected to rise, supported by NVIDIA's recovery from the DeepSeek shock. However, the Aussie dollar weakened amid fresh tariff threats, and upcoming inflation data could influence the RBA’s decision on potential rate cuts.
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Aussie stocks showed resilience today, despite a sharp sell-off in U.S. tech markets, where Nvidia's 17% plunge wiped $600 billion off its value. A Chinese startup, DeepSeek, disrupted the AI space with a cheaper, competitive chatbot, rattling global tech stocks and related sectors like energy. However, Australia’s smaller tech sector shielded local stocks from heavy losses. Energy and property sectors lagged, with Goodman Group sliding 8% due to concerns over its data centre investments. Winners included Sigma Healthcare, soaring 14%, and Telix Pharmaceuticals, climbing 3% on a U.S. expansion move. All eyes now turn to tomorrow’s quarterly inflation data, crucial for shaping RBA interest rate expectations ahead of a potential February cut.
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Wall Street faced a significant downturn as NVIDIA plunged 18%, leading the broader tech selloff sparked by China's cheaper AI model, DeepSeek. The disruption triggered a global revaluation of U.S. tech stocks, with NVIDIA losing more than $500 billion in market value—the largest single-company rout in market history. The tech-driven selloff pushed U.S. Treasury yields to multi-week lows as investors flocked to safe-haven assets. Meanwhile, China’s economic outlook dimmed further, with manufacturing activity hitting a five-month low. Amid the turbulence, Pepsi emerged as the most improved group in the consumer staples sector, climbing 4%. On the other hand, commodities saw declines, with oil prices dropping 3% ahead of China’s Lunar New Year holiday and gold retreating as investors liquidated positions. Looking ahead, Aussie shares are expected to dip on Tuesday, with the Aussie dollar under pressure as DeepSeek-driven concerns sap risk appetite globally.
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The market has had its best week of the year so far and Laura is solo today to recap that performance. She discusses Trump’s potential Chinese tariffs and the impact that uncertainty around their implementation has had on markets, the performance of each of the sectors with consumer discretionary seeing the largest gains, and talks through the stocks that caught attention including Synlait Milk, 4DMedical, and Rio Tinto.
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Wall Street consolidated as investors shifted their focus to earnings results. At Davos, Donald Trump called for lower crude prices and interest rate cuts, putting downward pressure on oil prices. Meanwhile, global chip stocks took a hit after SK Hynix failed to excite AI-focused investors. In corporate news, GE Aerospace projected 2025 profits above estimates, while Electronic Arts (EA) suffered its steepest slump since 2008. Commodities also reflected the shifting sentiment: gold eased as the US dollar strengthened, copper prices dipped on profit-taking, and iron ore traded within a narrow range, supported by China’s measures to bolster its stock markets. Looking ahead, Aussie shares are expected to end higher ahead of the long weekend.
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The Aussie market ended its three-day rally with a broad-based decline of 0.75%, driven primarily by weakness in the mining sector amid ongoing concerns over tariffs on China. Despite record highs on the U.S. market, bolstered by Netflix's strong earnings and Trump's $500 billion AI infrastructure plan, the positivity failed to translate locally. On a brighter note, retail giant Myer gained 5.5% after shareholder approval of a merger with Premier Investments, meanwhile takeover target Insignia Financial saw its highest share price in three years amidst ongoing acquisition battles. Looking ahead, the market awaits updates from the U.S. on jobless claims, earnings reports, and upcoming interest rate decisions.
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US stocks are surging to record highs, fuelled by strong performance in technology and AI-driven sectors. Netflix shares have also soared to new record highs following its largest quarterly subscriber gain in history, while Salesforce is gaining momentum on an encouraging outlook. Elsewhere, Johnson & Johnson has cautioned investors about the risks posed by a strong US dollar, and Procter & Gamble has paused price hikes on its goods. Meanwhile, oil prices have declined for a fifth consecutive day, and tariff uncertainties are weighing on metal markets. In contrast, safe-haven gold is nearing all-time highs as investors seek stability. Looking ahead, Aussie shares are expected to retreat from six-week highs, with trading updates from Fortescue and Santos in focus.
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The Aussie market extended its gains for a third consecutive day, nearing record highs, but it wasn't all wins with mining stocks taking a hit on fresh fears that China could be facing tariffs. Energy stocks also struggled, with Woodside declining on falling oil prices and weaker production figures. Meanwhile, Qantas reached an all-time high, buoyed by strong US airline performance and lower fuel costs. Netflix also stunned markets with record-breaking subscriber growth, adding 19 million users in the last quarter. As global markets await updates from the ECB and major US companies’ earnings, Aussie stocks are cautiously optimistic heading into the remainder of the week
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Wall Street traded higher on the first day following Donald Trump’s admission, while U.S. bond yields sank as markets remained cautious amid tariff uncertainty. The U.S. dollar showed signs of recovery after Trump proposed tariffs on Canada and Mexico, causing their currencies to weaken. In corporate news, Oracle shares surged 6% following an announcement regarding AI infrastructure. Meanwhile, oil prices declined due to oversupply concerns, and aluminium prices fell in response to the threat of U.S. import tariffs. Looking ahead, Aussie shares are expected to open higher on Wednesday, with key mining and energy production results on the horizon.
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The Aussie market had a choppy day with the ASX 200 rising by 0.6%, after starting strong but cooling off. Global market uncertainty continues with U.S. President Trump stepping into office, sparking both optimism and volatility. Key sectors were mixed, with financials and materials performing well, while utilities lagged. Netflix’s subscriber growth remains a key focus for the US tech sector, with their quarterly results set to be released soon.
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Wall Street remains closed for the Martin Luther King Jr. holiday, but futures moved higher. The US dollar moderated following recent tariff developments, while the FTSE 100 hit another record high as investors monitored Trump's policies. In Europe, shares edged up, with Trump's inauguration taking center stage and resource stocks leading the gains. Oil prices dipped as the market awaits Trump's executive orders on energy. Quarterly updates are anticipated from BHP and Northern Star today. Looking ahead, Aussie shares are expected to open higher on reports of a delayed US tariff rollout, and the Australian dollar has strengthened against the US dollar.
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The Australian share market kicked off the week on a positive note, recovering from Friday's minor losses with a 0.5% gain, supported by strength across most sectors, excluding energy. Financials, tech stocks, and consumer discretionary led the charge, with banks and tech names like Life360 and Megaport performing well. Globally, markets are abuzz with Trump's impending inauguration and improved US economic data. Investors are eyeing quarterly updates from miners like BHP and Fortescue, along with global events such as the Bank of Japan’s interest rate decision and Netflix’s earnings later in the week.
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Wall Street advanced on Friday, marking its best weekly improvement since the last US election. Moderating interest rates and improving growth pushed the S&P 500 3% higher over the week, with all sectors ending in positive territory. The Dow Jones led the charge, posting a 3.7% weekly increase. As markets anticipate policy announcements ahead of Donald Trump’s inauguration, attention is also turning to local developments. Closer to home, futures indicate a solid gain for the AXS 200, driven by upcoming production updates from major miners. Meanwhile, the Aussie dollar is trading just above 62 US cents, signalling steady performance amidst global economic shifts.
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The Aussie market experienced a rollercoaster week, with sharp swings and rebounds as investors digested key local and global developments. Chinese economic data surprised to the upside, with retail sales and production beating expectations. Insignia Financial surged 6.3% amid an ongoing bidding war, while Rio Tinto slipped on weaker production and reports of potential merger talks with Glencore. Globally, attention turns to Donald Trump’s upcoming inauguration, with market uncertainty around trade policies, and US reporting season kicks off with major updates from Netflix, Intel, and Johnson & Johnson. Locally, top miners like BHP and Fortescue are set to release updates next week.
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Wall Street consolidated after yesterday's surge, as investors digested comments from Fed Governor Waller, who suggested that rate cuts might be possible in the first half of 2025. Meanwhile, U.S. retail sales advanced, capping off a solid holiday season, while the U.S. dollar slipped ahead of the Trump inauguration. In the commodities market, oil retreated from a five-month high amid expectations of a halt to Houthi shipping attacks. Copper climbed to a five-week peak on China stimulus hopes, and iron ore hit a four-week high due to lower shipments. Gold also surged to a one-month high, driven by weaker bond yields. Looking ahead, Aussie shares are expected to inch higher, with Chinese economic growth data coming into focus.
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US inflation data fuelled optimism across markets, with softer-than-expected core inflation restoring hopes for rate cuts in the US this year. The ASX 200 surged 1.3%, marking its best day of the year, buoyed by US market gains and a strong local jobs report, albeit mostly part-time. Financials and tech stocks rebounded sharply after recent losses, while commodity prices rose on a weaker US dollar. Iron ore miners saw mixed performance, with Rio Tinto noting higher production costs but strong copper output. Buy-now-pay-later firm Zip also made gains amid lower US borrowing costs and positive broker sentiment. Looking ahead, key data from the US, China, and major corporate earnings could shape market movements into the week’s close.
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U.S stocks surged as investors celebrated easing inflation figures, marking the first decline in American core inflation in six months. Broad gains were seen across U.S. markets, buoyed by strong earnings reports from the banking sector. Leading technology stocks also rallied, driven by a fall in long-term interest rates. In the commodities market, oil prices jumped as U.S. crude inventories fell to their lowest levels since 2022, while gold extended its gains following inflation figures that came in below expectations. Looking ahead, Aussie shares are set to open higher, bolstered by positive sentiment from cooler U.S. inflation. The Aussie dollar strengthened in response, as investors anticipate key jobs data that will help shape the outlook for interest rates.
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It has been a somewhat volatile session today with the market starting strong but dropping as the day went on. Laura and Stevie unpack this performance as investors brace for a busy 24 hours ahead with a multitude of US banks set to report on their results, and inflation data also being released which could impact interest rate decisions. They discuss the performance of each of the sectors with many seeing declines and look at the stocks that saw the largest moves with Pilbara Minerals and Telstra gaining attention.
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Wall Street saw an advance as U.S wholesale inflation eased unexpectedly, driven by a drop in food prices. Utilities led the markets higher, boosted by increased energy demand fuelled by AI innovations. Bank stocks lifted ahead of upcoming earnings reports, while shares of Eli Lilly, a weight loss drug company, declined due to cuts in revenue guidance. U.S Treasury yields dipped following tame producer prices. Meanwhile, iron ore extended its gains on reduced shipments, and oil prices slipped as sanctions on Russia remained a key focus. Closer to home, Aussie shares are expected to open slightly higher on Wednesday, supported by rising metals prices, though the Aussie dollar remains under pressure despite positive data from China.
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The market has ended in positive territory today following several sessions of losses. Laura and Stevie discuss this performance fuelled by a myriad of factors in the US, and the upcoming data that could shift their market in the days ahead. Back home City Chic was one of the best performers following an announcement around sales figures, most of the sectors saw growth today, and Star Entertainment continued to see gains following the recent substantial declines.
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Wall Street faces mounting pressure amid rising interest rates, with the US 10-year Treasury yield hitting a 14-month high, causing stocks to tumble. Moderna shares plunged 20% after the company lowered its 2025 sales forecast, while Eli Lilly also saw a decline following its announcement to acquire Scorpion Therapeutics' experimental cancer therapy. Retailers' post-holiday results left Wall Street unimpressed, and higher interest rates have driven investors away from gold, causing the yellow metal to drop more than 1%. Meanwhile, oil prices have surged to a four-month high as traders anticipate expanded sanctions and iron ore prices have risen on renewed hopes of Chinese stimulus. Looking ahead, Aussie shares are expected to rise in anticipation of upcoming consumer confidence surveys.
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The Aussie market has seen its biggest decline today in around 3 weeks wiping out all the gains of last week. Laura and Stevie unpack this performance which was largely fuelled by the US sharemarket which performed poorly on Friday following jobs and unemployment data that could result in a US rate cut being pushed out. Locally energy stocks have been the winners today, but the financial sector has continued to drag on the market. Myer gained attention today as did NRW Holdings, and Stevie and Laura look at what could be to expect as the week continues.
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Wall Street slumped following the latest job data, as US employment rose more than expected in December. This unexpected growth has narrowed expectations for interest rate changes, suggesting they may remain on hold for the foreseeable future. US interest rates, meanwhile, reached their highest level since November 2023. In the stock market, tech stocks led the retreat, while energy stocks were largely spared due to rising oil prices. Looking ahead, futures indicate solid selling for the ASX 200 on Monday, which faces additional challenges from underperformance in the Chinese market.
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The session started optimistically but has fallen into negative territory today. Laura and Stevie unpack this performance, with materials the only sector seeing improvements. The big 4 banks have played their part in dragging on the market and so they discuss this, but also acknowledge that the market is on track to see improvements overall across the week. Interest rate movements are back in the conversation as are Star Entertainment and Mesoblast.
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Wall Street is closed in observance of the passing of former President Jimmy Carter, but investors continue to monitor U.S. economic news closely. U.S. Treasury yields are declining as markets remain focused on Trump-era policies, while bond traders anticipate that the upcoming jobs report will test the Federal Reserve's pricing strategies. In the UK, investor confidence in the government is waning, with bond market turmoil stirring memories of the 1976 debt crisis. Meanwhile, European markets are on the rise, driven by a surge in mining stocks. Oil prices have climbed 1% due to cold weather in the northern hemisphere. Looking ahead, Aussie shares have snapped a five-day winning streak but are expected to rebound and the Aussie dollar is nearing a five-year low, reflecting broader market pressures.
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Aussie stocks ended their winning streak with the ASX 200 down after a strong start to 2025. November’s retail sales data showed a 0.8% increase, softer than expected, reflecting cautious consumer spending despite heavy promotional activities. This adds weight to the possibility of an interest rate cut in February, though key data like employment stats and inflation updates later this month will be pivotal. Meanwhile, Star Entertainment hit an all-time low amid cash flow concerns, and Avita Medical struggled after cutting revenue goals. Bright spots included gold miners and lithium stocks, with Arcadium Lithium surging 8% after regulatory progress in its Rio Tinto takeover deal. Investors now await U.S. employment reports and Chinese inflation data for further direction.
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Wall Street remains cautious as investors weigh the impact of Trump's tariff plans. Technology stocks continue to face pressure, with chip makers leading the declines. Quantum computing stocks fell sharply after Nvidia’s CEO suggested that the technology is still decades away from mainstream use. Meanwhile, banks are under pressure as interest rates steadily rise. In company news, Edison International is the worst performer on the S&P 500, sliding amid the ongoing Los Angeles wildfires. Conversely, eBay shares rose following news of a partnership with Facebook Marketplace. Across the Atlantic, the British pound slumps due to concerns over capital flight. Closer to home, Aussie shares are expected to retreat from four-week highs, while oil prices dip on the back of a build in U.S. fuel stocks.
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The ASX 200 has extended its 2025 winning streak to five days, driven by a positive market reaction to November's inflation data. While headline inflation rose slightly due to electricity and fuel costs, core inflation dropped to 3.2%, below expectations, increasing the likelihood of an interest rate cut by the RBA in February. Materials and financials sectors led gains, with miners benefiting despite falling iron ore prices, while tech stocks fell following weaker U.S. market performance. Gold miners surged on strong quarterly updates, but uranium and some individual stocks faced significant declines. Looking ahead, key data releases, including retail sales, jobs, and U.S. Federal Reserve minutes, could shape market movements and rate expectations.
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The US services index climbed, with the price gauge reaching its highest level since 2023, signalling persistent inflation concerns. Traders have adjusted their expectations, no longer fully pricing in a US rate cut before July. Meanwhile, US job openings surged to a six-month high, reflecting a resilient labour market. Additionally, the technology sector lagged, with Nvidia dipping after reaching a record high, while Moderna's stock saw a significant rise due to new vaccine plans. Commodity markets also showed mixed signals; oil prices increased amid Western sanctions, but iron ore fell to a seven-week low, potentially impacting the Aussie market today. Despite these challenges, Aussie shares are on track for a fifth consecutive day of gains. Furthermore, the US dollar advanced to a six-month high, emphasising the strength of the US economy.
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The market has lifted again slightly today continuing the 4-day winning streak. Laura and Stevie unpack this ‘streak’ and look at the performance of the US market overnight with tech stocks seeing significant shifts. The Aussie dollar has improved today and so they look into the international happenings that have fuelled this, NVIDIA is back in the headlines, and they unpack the local sector performance with tech seeing gains and materials continuing to trend downwards.
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Laura and Stevie are back following the Christmas break with the market seeing slight declines following some minor falls around lunchtime and a flat finish. They reflect on the market performance of the year gone by with 24 record highs locally, and they run through the standout movers throughout that period. Materials stocks led the conversation today with the sector seeing declines, and gold and uranium were in focus. They look to what could be ahead for the market this week, and the broader things to watch for 2025.
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The new year has had a shaky start, but technology stocks have helped lift Wall Street during holiday trading. US bond yields have climbed in anticipation of upcoming labor market data, while mega-cap stocks have been key drivers in pushing the US share market higher. Meanwhile, a surging US dollar has put pressure on commodity prices. Oil prices have risen, supported by cold weather and favorable Chinese policies. Looking ahead, ASX 200 futures suggest a solid gain, led by Australian tech shares, although concerns about rising inflation persist due to a weak Aussie dollar.
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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.
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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.
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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.
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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.
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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.
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Wall 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.
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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
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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.
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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.
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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.
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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
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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The Australian share market experienced a challenging week, with most sectors in the red and the ASX 200 down nearly two-thirds of a percent. Key factors include investor caution ahead of U.S. jobs data, which could influence interest rate decisions, and a postponed OPEC+ production increase due to weaker demand. Notable company movements included Iluka's 10% drop following cost blowouts, Collins Foods' ex-dividend dip, and a broker downgrade for Domino’s Pizza. On the brighter side, utilities showed resilience, APA Group gained on favorable regulatory news, and gold stocks rallied on merger announcements. The RBA's meeting next week and U.S. job figures remain pivotal for market direction.
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Bitcoin has surged to a new record high, buoyed by news of Trump’s appointment, while U.S. jobless claims climbed to a one-month high during Thanksgiving week. In corporate news, Disney announced an increase in dividends, yet its stock price declined. Conversely, Brown-Forman, the maker of Jack Daniels, saw its shares soar on a stronger-than-expected forecast. However, Synopsys faced a downturn as its sales outlook fell short of estimates. Across the Atlantic, European stocks reached a one-month high, with Germany's DAX index setting another record. Meanwhile, oil prices held steady as investors weighed the impact of a delayed OPEC output hike. Looking ahead, the ASX200 is expected to dip as markets await potential stimulus measures from China.
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The Aussie market saw a modest uptick today, gaining 10 points as it recovered a third of Wednesday's losses. Bitcoin made headlines, surpassing $100,000 USD amid hopes for lighter regulation, rising 40% since early November. Meanwhile, the U.S. markets hit new records across all major indices, fuelled by strong economic confidence. Locally, energy and mining stocks struggled, with lithium miners like Liontown down sharply due to weaker prices, while gold stocks outperformed thanks to rising prices. Attention also turned to the upcoming OPEC+ meetings and upcoming U.S. job data, both poised to shape market movements in the days ahead.
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Wall Street is reaching new record highs, fueled by a surge in technology stocks, as optimism grows about the economy. Federal Reserve Chair Jerome Powell expressed confidence in the strength of the U.S. economy, adding to the positive sentiment. In company news, Salesforce shares soared following an earnings report that exceeded revenue expectations, while Foot Locker shares plunged due to a bleak holiday outlook. Across the Atlantic, Germany's DAX index closed above the 20,000-point mark, highlighting resilience in European markets despite political challenges. Meanwhile, iron ore prices rose on hopes of Chinese stimulus, contrasting with a decline in oil prices as markets anticipate the upcoming OPEC decision. Looking ahead, Aussie markets are expected to open flat. The Aussie dollar, however, has fallen to a four-month low after weaker-than-expected economic data.
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The market has dropped back slightly today following another record high yesterday. Laura and Stevie reflect on this performance comparative to US markets and look at the international news which impacted overseas markets. Rate cuts are back in conversation after expectations have been moved forward following economic data around household consumption, energy, mining, and tech were the only sectors that saw gains, and real estate has seen some losses due to Goodman Group.
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The Korean Won has depreciated sharply following South Korea’s president's declaration of martial law, adding to political uncertainty that has weighed on major companies like Samsung and Hyundai. Meanwhile, the S&P 500’s $11 trillion rally is beginning to show signs of fatigue. In Australia, public spending continues to support economic growth, though local shares are expected to slip after recently reaching a record high of 8,500 points. Commodity markets remain dynamic, with iron ore nearing a two-month high on hopes of Chinese stimulus, and oil prices climbing amid concerns over the situation in Lebanon.
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The market has improved for a second straight day today with Stevie assuming that Santa has come early as he reflects on the recent local performance. Laura addresses the state of the local sectors, and they unpack the stocks that caught attention with Star Entertainment being the top performer following their recent less than impressive performance. They look at what to expect overnight ahead of economic growth figures tomorrow and the data coming out of China and the US.
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Technology stocks are back in favour, driving Wall Street higher on the first trading day of the new month. Apple reached a fresh record high, while Super Micro Computers led gains in the Semiconductor Index. Meanwhile, Cyber Monday and robust online sales have provided a boost to the US retail sector. In Europe, political uncertainty, particularly in France, weighs on investor sentiment. Commodities were a key focus on the ASX, with a stronger US dollar and encouraging Chinese factory data supporting iron ore prices. Looking ahead, futures indicate a solid start for Australian shares, with the ASX200 poised to challenge record highs.
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December has started on a high following the second-best month of the year. Laura and Stevie reflect on the performance of last month and dive into the performance of the US market which also has seen positive performances. Property prices are in discussion today as is retail spending data with Black Friday having provided a boost. They run through the stocks that saw the biggest movements today including De Grey Mining and look to the week ahead.
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Wall Street wrapped up a stellar November with strong gains, driven by optimism over lower bond yields, U.S. economic resilience, and expectations of a rate cut. The Dow rose 7.5%, marking its best month in a year, while the NASDAQ surged 6.2%, outpacing Australia's ASX 200, which gained 3.4%. Tesla led the charge in U.S. equities, climbing over 30% in November, while retailers were bolstered by robust Black Friday sales. Locally, Australian home prices slowed in November, reflecting affordability challenges, while the ASX eyes record highs, fuelled by bullish commodity prices and economic momentum from China.
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The Aussie market wrapped up November on a mixed note, dipping slightly by 0.1% but still securing its second-best month of the year with a 3.3% gain. Despite a sluggish day influenced by the U.S. Thanksgiving holiday, the materials sector led a late recovery, offsetting losses from other sectors. Highlights included Webjet's rollercoaster ride amid legal troubles, Star Entertainment's all-time low after years of decline, and Resolute Mining's struggles following a major settlement in Mali. With Black Friday sales kicking off, the holiday shopping season is expected to shape retail performance, while upcoming data from China and the U.S., along with an OPEC+ meeting, will provide critical market insights in the week ahead.
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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. Closer to home, the Aussie dollar climbed in subdued holiday trade. However, Australian shares are expected to ease from record highs after Reserve Bank Governor Michelle Bullock dampened hopes for an interest rate cut. The central bank reiterated that inflation remains too elevated to consider near-term rate reductions.
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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 its shares tumble nearly 5% amid ongoing revenue challenges. Looking ahead, U.S. markets will be closed tomorrow for Thanksgiving, while a speech from RBA Governor Michelle Bullock and upcoming AGMs keep investors alert.
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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 heavily on the sector. On a brighter note, retailers like Urban Outfitters and Target shone, delivering better-than-expected earnings and boosting sentiment in the retail space. Meanwhile, oil prices dipped following a surprise build in U.S. gasoline stocks, adding pressure to the energy sector. Looking ahead, the ASX is poised for a positive start on Thursday, with investors closely watching RBA Governor Michelle Bullock's speech, where she is expected to provide insights into the latest inflation report.
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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 conversations around rate cuts, they share the stocks that caught their eye including City Chic and GrainCorp, and look to the rest of the week.
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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 labor market, paving the way for potential further interest rate cuts. In corporate news, biotech firm Amgen weighed on the Dow Jones after disappointing results from its weight loss drug. Looking ahead, Aussie shares are expected to lift on Wednesday ahead of key monthly inflation data.
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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 happenings that could move markets.
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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 release its earnings, while Brickworks, Pilbara Minerals, and Ramsay Health will host their AGMs. Looking ahead, futures indicate solid gains for the local share market on Tuesday, while the Australian dollar consolidates amid a moderating US dollar.
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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 caught their attention with Zip and Novonix gaining attention.
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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, the Aussie share market is poised to test new record highs on Monday, with SPI futures indicating a solid gain for the ASX 200.
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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 delay and lower profit growth expectations. Resolute Mining rebounded slightly after resolving a tax dispute in Mali, and Adore Beauty revealed plans to expand into physical retail, challenging giants like Mecca and Sephora. Investors now look to upcoming inflation data and Black Friday sales to shape market momentum heading into December.
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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 prices climbed 1% amid the escalating Ukraine-Russia conflict, and iron ore futures rose on stronger Chinese demand. Looking ahead, Aussie shares are poised to end the week on a positive note, with investors keeping an eye on 25 AGMs scheduled for today.
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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. Retailer Accent Group plunged nearly 12% due to disappointing margins, and fund manager GQG saw a 15% drop amid controversy surrounding Adani Group. On the global stage, Nvidia's earnings exceeded expectations but revealed slower growth forecasts and supply constraints, leading to a 2.5% dip in after-hours trading. Investors now await key speeches and manufacturing data for further market direction.
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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 competition. Additionally, packaging giant Amcor gained on news of a potential merger. Meanwhile, oil prices dipped as US crude inventories increased. Looking ahead, Aussie shares are expected to open lower, ahead of Governor Michelle Bullock's upcoming speech, and the Aussie dollar remains under pressure due to the recovering US dollar.
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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 spotlight ahead of releasing their earnings results, and they look to the upcoming news, AGM’s, and dividend payments.
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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 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.
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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 standout moves. Mining is back in positive territory, Elders is in focus, and they look at what to expect overnight.
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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. 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.
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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 the biggest movers including Dusk, Life360,and CSL Limited, and looks to what to expect as the week continues.
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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 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.
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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 the recent government stimulus. Laura looks at the performance of local sectors and what investors should be watching into next week.
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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 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.
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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, 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.
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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 strengthening U.S. dollar, and Aussie shares are expected to lift ahead of key jobs data.
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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 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.
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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 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.
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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% 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.
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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 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.
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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. Resolute got some attention today, as did HMC Capital, and they look at what to expect as the week continues.
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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 in Australia, with key wage and employment figures set for release.
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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 performed well, with notable gains from financial and tech stocks, while energy and property lagged. Record performances were also on the cards from companies like CBA, and ANZ, which saw profit declines despite optimistic CEO remarks. Looking forward, upcoming economic data, AGMs, and U.S. inflation reports that could impact the market.
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Wall Street maintains its upward momentum, reaching record highs the day after U.S. presidential election results. The Federal Reserve has cut rates for a second consecutive meeting to support the economy. In company news, Warner Bros. Discovery reports significant subscriber growth. Meanwhile, the Bank of England has also cut rates, though higher inflation is projected following the new government's first budget. Commodity prices rebounded on expectations of Chinese stimulus, and Aussie shares are anticipated to rise, supported by industrial metal prices.
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The local market remained surprisingly flat today in contrast to how the US performed following the election outcome. Laura and Stevie unpack this market performance looking at why the US saw gains, talk through the performance of the local sectors which has been a mixed bag today with around half in the green and half dropping, and they look at the stocks that caught their eye including Sigma Healthcare who saw some huge gains.
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U.S. stocks have reached historical highs following Donald Trump’s presidential win, with the Dow Jones index up around 1,400 points. U.S. bond yields also surged as Trump’s victory accelerated a bond sell-off. Meanwhile, European shares, particularly among car makers, fell on fears of potential Trump tariffs. Commodity prices slumped as the U.S. dollar surged, with copper prices tumbling amid concerns over a slower energy transition. In Australia, shares are expected to open flat on Thursday ahead of NAB’s earnings results.
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With the US election underway Laura and Stevie begin the podcast today by reflecting on the journey so far. They look at the impact on the US market and the flow on effect that we have seen back home. Most of the sectors are in positive territory and they talk through the winners and losers, the stocks that saw the biggest moves across the session, and what could be on the cards as the US election continues and more AGM’s take place.
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U.S. stocks are moving higher as the final votes for the presidential election are cast. All sectors in the S&P 500 are up, led by Palantir Technologies, which reached a record high on positive guidance. Meanwhile, U.S. bond yields are advancing as betting markets lean towards a Trump victory. Iron ore has climbed to a two-week high on expectations of additional stimulus from China, while copper hit a three-week high, supported by a weaker U.S. dollar. Closer to home, the RBA still sees inflation as sticky but notes strong job growth, and Aussie shares are expected to rise, supported by strong commodity prices.
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The market has seen some slight declines today but clawed back some of those losses as trade progressed. Laura is solo today and deep dives into the RBA’s decision around interest rates which were left on hold and if there was any impact on the market. Ahead of the imminent US election she unpacks the current market sentiment and what could be on the cards for markets, and discusses the stocks that caught her eye today.
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U.S. traders are watching the polls closely as bonds rise and the U.S. dollar falls, with 'Trump trades' being unwound. In company news, Nvidia is set to replace Intel in the Dow Jones index. Meanwhile, oil prices have risen nearly 3% after OPEC’s decision to delay output increases. In Australia, shares are expected to slip ahead of the RBA’s interest rate decision on Melbourne Cup Day, while the Aussie dollar surges as the 'Trump trade' effect fades.
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The ASX 200 has bounced back, breaking a three-day losing streak amid a strong start to November, fuelled by positive U.S. market performance and widespread sector gains. Most sectors surged, though energy and materials lagged due to global economic strains, notably from China. Noteworthy updates included Westpac’s financial results, with a slight dip in annual profit but a promising dividend increase, and Telix Pharmaceuticals’ 3.5% rise following policy changes that benefit its cancer diagnostics. Meanwhile, Mineral Resources and The Star Entertainment struggled amid management issues and financial challenges. This critical week also brings interest rate decisions from the RBA and global central banks, plus U.S. elections, setting the stage for potentially heightened volatility.
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Just days before the US election, Wall Street ended last week with positive momentum, driven by investors responding to US job growth despite a weather-affected month. Meanwhile, technology stocks rebounded on better-than-expected earnings. Closer to home, the Australian share market is set to open higher ahead of the RBA’s decision, with banks in focus as Westpac prepares to release its earnings.
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It's been a challenging start to the month for Aussie stocks, with the ASX 200 closing down after early morning volatility. Global influences weighed on the market, especially disappointing profit reports from major U.S. tech companies. Investors are also on edge ahead of the U.S. election and central bank interest rate decisions in Australia and the U.S., both potentially stirring up more market movement. Domestically, property prices in Sydney fell for the first time in nearly two years, reflecting affordability issues and high rates. Sectors like energy and mining made modest gains, while financials and healthcare took hits.
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It's the first day of the new month, and Wall Street is on track to post its first monthly decline since April. AI investments by major tech companies like Meta and Microsoft have raised investor concerns, while chip growth faces bottlenecks. Meanwhile the U.S. inflation gauge and consumer spending show strength in a solid economy with oil rising on increased fuel demand and gold easing from record highs. Closer to home, Sydney housing prices have fallen for the first time in two years, and the Aussie market is expected to start the month on the back foot.
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The Aussie market ended October on a down note, closing 1.3% lower, making it the second-worst month of the year. While financials, tech, and consumer discretionary sectors saw modest gains, other sectors struggled, particularly staples and utilities. In the U.S., stronger-than-expected economic data, like job growth and home sales, has tempered rate cut expectations, with an important jobs update expected soon. Corporate earnings, especially from Alphabet, Microsoft, and Meta, also influenced market sentiment. In Australia, standout performers included Mineral Resources, following a significant deal, and JB Hi-Fi, with impressive growth in New Zealand. Conversely, Woolworths, Coles, and Star Entertainment faced setbacks. Upcoming earnings from major U.S. tech players, alongside inflation and property data in Australia, are key watchpoints for November.
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Wall Street struggles to advance as investors face information overload. Technology stocks decline on mixed earnings results, while strong economic data pushes interest rates higher. Meanwhile, markets remain cautious ahead of Meta and Microsoft earnings. In the UK, the largest tax hike since 1993 is imminent. Gold reaches a record high ahead of the U.S. election, and oil prices rise due to a drawdown in U.S. stockpiles. Meanwhile, Australian shares are expected to slip, closing a down month for the ASX 200.
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The anticipated barrage of key events that Laura and Stevie have been mentioning in recent episodes has begun taking place today. They unpack the impact on local markets which ended a three-day winning streak fuelled by the latest inflation data and US earnings data from some major companies. They talk through the sectors which mostly saw declines, the stocks that caught their eye with Woolworths seeing some attention, and look at what to expect in the days ahead with further market moving events set to take place.
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Tech stocks are driving market gains, with stocks rising in anticipation of $12 trillion in earnings reports. Alphabet is set to release its earnings, and strong results will be crucial to ease investor concerns. In the housing sector, major names like D.R. Horton and Home Depot have weighed on the homebuilders' index, with Home Depot as the Dow Jones's worst performer. Meanwhile, U.S. labour market conditions are easing, with job openings at a three-and-a-half-year low. In Australia, a muted start to trading is expected ahead of key inflation data.
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The market has climbed slightly higher today following several sessions of modest moves. Laura and Stevie start the day by diving into oil prices amid conflicts in the Middle East and discuss some acquisition news with a deal worth around 1 billion dollars taking place today. They look at how this impacted the involved parties share prices, discuss the stand out stocks that caught their attention, and in what promises to be a big week they look at the key market moving events yet to come.
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Wall Street starts the week strong, gearing up for the busiest week of U.S. earnings. Oil prices plunge 6% on a reduced risk of broader conflict in the Middle East, and financial stocks gain as U.S. Treasury yields reach a three-month high. Meanwhile, Alphabet shares are in focus ahead of earnings results, while transport stocks benefit from lower crude oil prices. Closer to home, Aussie shares are expected to open higher on Tuesday, tracking U.S. trends, while the Aussie dollar weakens on the strength of the U.S. dollar.
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The Aussie market has barely budged today following the falls of last week as a number of key events sit on the horizon. Laura and Stevie unpack these upcoming events and the likely impact on the market, look at the performance of the sectors with utilities and property seeing a hit, and the performance of individual stocks with Paladin and other uranium stocks seeing some losses.
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Wall Street closed last week with a mixed performance as investors monitor the upcoming U.S. election's impact on market conditions. Bank stocks surrendered recent leadership on disappointing earnings, while interest rates continued to rise. Meanwhile, oil prices surged due to ongoing Middle East tensions. Locally, ASX 200 futures indicate a flat start, with Australian investors eyeing key inflation data due on Wednesday.
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The Aussie share market closed the week on a modest gain, despite significant fluctuations earlier. The ASX 200 remains down about 0.9% over the past five days, marking the end of a two-week winning streak. Major highlights included WiseTech’s 13% rise after its CEO announced he would be stepping down into a consulting role following media scrutiny. Other notable performers were Qantas, buoyed by strong demand and staff bonuses, and HMC Capital, which raised funds for a large data centre acquisition. Next week’s action-packed calendar features key earnings from major U.S. tech firms, Australian quarterly inflation data, and central bank meetings, setting the stage for potential global market shifts.
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Wall Street saw its first improvement of the week on Thursday, despite the Dow Jones heading for its fourth consecutive decline. In company news, Tesla has delivered a better-than-expected quarter with an upbeat 2025 outlook, while UPS shares jumped after reporting their first profit growth in nearly two years. Meanwhile, U.S. bond yields slipped from a three-month high. Closer to home, Australia is expected to have a muted start to trade as iron ore prices dip on mixed supply data.
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The ASX 200 experienced minimal movement today, with small sector gains offset by losses, ending the day down by about 0.1%. Tech stocks were among the worst performers, with WiseTech wiping out a gigantic chunk of its market value amid a scandal involving its CEO. The mining sector also struggled, with Fortescue Metals reporting rising costs despite record shipments. On a positive note, Telix Pharmaceuticals secured FDA approval for a new cancer drug, boosting its stock by 1.7%. Meanwhile, Tesla surged 12% in after-hours trading following better-than-expected earnings results. Looking ahead, key global PMI data and Qantas' AGM amid protests are set to drive attention
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Investor caution continues to take shape ahead of the US election, while U.S. Treasury yields have fallen for a third straight day as bets on a Fed rate cut wane. In company news, Apple shares dropped after iPhone production cuts, and Coca-Cola shares declined despite better-than-expected earnings reports. Meanwhile, McDonald’s has pulled a popular burger from its menu due to an E. coli outbreak. Elsewhere, the Bank of Canada has slashed interest rates. Oil has slipped 1% following a large build in U.S. crude inventories and futures are pointing to a significant loss for the ASX 200 at the start of Thursday's trading.
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The market raised slightly today following the tumbles that we saw yesterday. Laura and Stevie reflect on this ‘shocker’ of a performance and the pause for thought that we saw today. The height of gold prices has the commodity and gold stocks in focus which they unpack, and they look at the performance of each of the sectors which have seen moderate moves with tech doing the worst. QBE Insurance is facing court, Michael Hill has seen some great gains today, and Laura and Stevie look to the night ahead.
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Wall Street stalls as investors digest earnings results, while bond markets stabilise following a sell-off driven by expectations of slower U.S. rate cuts. In corporate news, tobacco giant Philip Morris hit record highs on surging demand for its Zyn brand. Additionally, General Motors saw its stock soar on steady profits and an improved full-year outlook, marking its best day of the year. Meanwhile, oil prices continued to rise as conflict in the Middle East escalated. Closer to home, Australia lags in the global fight against inflation, though Aussie shares are expected to rebound following their worst session since September 4th.
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The market was a sea of red today in what was the worst day since early September. Record highs have been the story of late, but Laura and Stevie unpack the turnaround that we saw today and the key reasons that we may have seen those declines. The upcoming US election is in the discussion, as are interest rate discussions once again, and they discuss the data to expect in the days ahead. The sectors today were at one point all in negative territory with only 15% seeing gains so they discuss this performance and look at the stocks that caught their attention.
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Wall Street retreats from record highs as investors await additional earnings reports due later in the week. U.S. 10-year Treasury yields reached a 12-week high, reflecting confidence in a strong U.S. economy. Biotechnology company CSL is holding an investor day today, while toll road operator Transurban is set to release its quarterly update. Oil prices rose 2% amid Middle East tensions, and gold reached a new record high. Meanwhile, China cut interest rates by 25 basis points, and Aussie shares are expected to decline as the U.S. dollar pressures industrial metals prices.
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The market has recouped most of the losses of late last week today with 8 out of every 10 stocks seeing gains. Laura and Stevie reflect on the last two weeks of ongoing improvements and the sectors that performed well today with only tech stocks seeing declines. Gold has hit a record high and so they unpack this, and looking at the other side of the coin they discuss the stocks that saw declines. They pre-empt what could be on the cards in the week ahead, and the AGM’s to expect.
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Wall Street has ended the week with new record highs, marking the sixth consecutive gain for the broader U.S. market. Earnings season is in full swing, and strong reports, such as Netflix's 11% surge to a record high after beating analyst estimates, have boosted investor confidence. Additionally, rising iPhone sales have lifted Apple shares. Meanwhile, oil prices slumped despite ongoing tensions in the Middle East. Gold reached a new record high, pulling silver prices up as well. Looking ahead, futures point to solid gains for Aussie shares on Monday.
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The Australian market declined after mixed data from China today, Australia's largest trading partner. Despite reaching record highs earlier in the week, the market is set to lose those gains due to concerns over China's economic performance, particularly in property investment and GDP growth. Domestically, financials led sector gains, while energy and utilities suffered. Key stock movements included Regis Resources' gold-fuelled surge and Flight Centre’s sharp drop due to an uncertain outlook. Looking ahead, attention will focus on major earnings reports from Tesla and Amazon, along with local AGMs and quarterly updates.
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Wall Street consolidates on signs of a strengthening U.S. economy, with retail sales as a key highlight. U.S. bond yields surge as traders scale back expectations of Fed rate cuts. In Europe, German shares reach record highs after the ECB lowers interest rates. Meanwhile, Aussie shares are set to decline as a robust job market dashes hopes for an RBA rate cut.
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The ASX200 hit a new record high, up 0.7%, marking the second record this week, despite stronger-than-expected jobs data. The Australian labor market added 64,100 jobs, far exceeding expectations and dampening hopes for an imminent rate cut, now more likely in early 2024. While most sectors performed well, materials and tech stocks saw declines, though financials provided solid support, with AMP surging 17%. Uranium miners also rallied. Key events to watch include upcoming US and China economic reports, likely influencing tomorrow's market.
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Wall Street recovers as buyers return to the market following yesterday's retreat. The transport sector saw significant gains, with Morgan Stanley's United Airlines surging after strong earnings, marking its biggest rise since 2020. Tech stocks remained flat after yesterday's plunge, with ASML, which led the chip stock decline, dropping another 7%. Meanwhile, the U.S. dollar hit a 10-week high on the Fed outlook and potential Trump win. Closer to home, Australian shares are expected to rise ahead of key jobs data.
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The Australian market pulled back slightly from its recent record high, following a decline in U.S. markets. Financial and property sectors were the only ones in positive territory, buoyed by strong earnings from U.S. banks. Bank of Queensland shares surged 6% despite mixed results, while Baby Bunting rose after brokers raised their price targets. The tech sector took a hit, driven by concerns over U.S. AI chip export restrictions. Meanwhile, energy stocks fell due to declining oil prices, and gold miners thrived as the price of gold neared record highs. Key economic data, including jobs growth, could influence the RBA's interest rate decisions in the coming months.
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Wall Street ended lower yesterday, weighed down by a sharp decline in chip stocks, with ASML logging its largest one-day drop in 26 years. According to a BofA survey, global equity optimism is rising, with expectations of avoiding a recession. Meanwhile, Apple shares reached a record high following the announcement of a new iPad mini. Oil plunged 4% as concerns over Iran supply disruptions eased, and iron ore prices fell due to a weaker global steel outlook. Locally, Aussie shares are expected to retreat from record highs on Wednesday.
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The Australian stock market reached new record highs, driven by gains in the materials and financial sectors. Financials have been a standout performer, up 25%, while miners continue to lag behind, down 8%. Energy stocks struggled, reflecting a global easing in oil price fears. Notable company performances include HUB24, which hit an all-time high due to record inflows, and Baby Bunting, which despite recent losses, saw a 7% gain after a positive quarterly update. Upcoming US earnings reports and speeches from key financial figures are events to watch.
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Technology stocks lead Wall Street higher as investors await earnings reports. In the U.S., bond markets are closed Monday for Columbus Day. Nvidia has reached new record highs, boosting chip stocks, while oil prices slumped as OPEC lowered its demand forecast. The U.S. dollar hit a nine-week high after China’s lending and trade data fell short of expectations. Closer to home, Australia’s AGM season steps up, with Telstra in the spotlight.
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The week has started off well coming close to a record high following a strong performance from US markets. Laura and Stevie unpack the mixed performance of the sectors with mining stocks the standouts today and look to what to watch in the week ahead with a lot of data and information that could impact local markets. They discuss the company announcements that came out today including news out on Ansell and Lifestyle Communities and the stocks that saw the largest moves.
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The broader U.S. market has reached a new record high for the 45th time this year, driven by gains in bank stocks. JP Morgan rose 4% on encouraging earnings, providing a boost to Wall Street. In corporate news, Tesla shares plunged nearly 9% after a disappointing Robotaxi event, while Uber surged 11% on a surprise earnings report, hitting an all-time high. Meanwhile, investors remain cautious after Chinese stimulus measures fell short of expectations. Despite mixed commodity prices, the Aussie dollar strengthened, and futures suggest solid gains for the ASX 200.
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It was a quiet session today but the week still looks set to finish higher. Unpacking the session solo Laura reflects on a week that has seen record performances, following suit with US markets which were fuelled by inflation numbers that came in higher than anticipated. Laura deep-dives into these inflation figures, the stocks that caught her attention today, and looks to what could move markets in the week ahead.
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U.S. CPI rises more than forecast, stalling inflation progress, while jobless claims hit a yearly high due to Hurricane Helene. AMD launches an AI chip to rival Nvidia. Oil prices surge 4% amid U.S. storm impacts and Israel-Iran tensions, while copper rebounds ahead of expected China stimulus. Meanwhile, Aussie shares are likely to end the week lower due to uncertainty around China's fiscal policies.
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Aussie stocks rebounded today with the ASX200 up by roughly a third of a percent, nearing a record high, despite some midday fading. Mining and energy sectors led the charge, fuelled by hopes for Chinese stimulus and Rio Tinto's $10 billion acquisition of Arcadium Lithium, its biggest deal in 17 years. Lithium miners surged, with Arcadium's shares up 39% and optimism spreading across the sector. In the US, all eyes are on inflation data, which could influence upcoming interest rate decisions. Meanwhile, companies like Netwealth and Cochlear made gains on positive updates and dividend payments.
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The S&P 500 is steadily approaching record highs, driven by gains in technology stocks as investors largely shrugged off geopolitical concerns in the Middle East. The Federal Reserve's meeting minutes revealed a robust debate over the size of the September rate cut, while U.S. 10-year Treasury yields have risen for six consecutive sessions. In corporate news, Alphabet shares dropped amid a historic Big Tech antitrust case, and Tesla shares also fell ahead of its Robotaxi launch. Meanwhile, Rio Tinto is making a significant move into lithium, and oil prices have declined as U.S. crude inventories increased. On the other side, Australian shares are expected to rise, supported by a rebound in iron ore prices, while the Australian dollar has weakened against a stronger U.S. dollar.
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The market has edged slightly higher today with declines coinciding with those seen on the Chinese market. Laura and Stevie unpack this performance which saw local markets run out of steam as the session went on, and how the resource space was impacted. Many of the sectors saw improvements today in excess of 1%, oil and iron ore prices are in focus, and they look to the things to watch including dividend payments and another speech from the RBA.
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A rally in the world’s largest tech companies is driving stocks higher today, with the market rebounding from its worst session in a month. U.S. Treasury yields have stabilised as traders anticipate gradual Fed rate cuts. Meanwhile, PepsiCo has lowered its revenue outlook as North American consumers cut back on snacks. Oil prices have dropped amid the prospect of a ceasefire in Lebanon, while Chinese stocks and metal prices slump due to disappointment over China’s stimulus efforts. Closer to home, a muted start is expected for Australian trade ahead of the Reserve Bank of New Zealand's rate decision, and the Australian dollar has weakened following dovish RBA meeting minutes.
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The Aussie market started flat today before progressing into a ‘choppy’ session. US markets were down overnight in response to jobs data, Laura reflects on this and the impact that this had on local markets, and China is in focus once more amid disappointment around further stimulus packages. Laura unpacks the performance of each of the sectors, the latest RBA minutes regarding interest rate cuts, and the upcoming economic data that could move markets.
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Wall Street technology stocks are under pressure as expectations for Fed rate cuts diminish. Oil prices rise 3% due to increased Middle East war risks, while insurance stocks plunge as Hurricane Milton intensifies to Category 5 near Florida. In China, markets reopen after Golden Week, with iron ore advancing on hopes for further China stimulus. Locally, the RBA is set to release its September meeting minutes, while Aussie shares and the dollar are weighed down by risk-off sentiment.
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The market started off flat today but has shot higher as the session went on ultimately recouping many of the losses of last week. US data at the end of last week gave a positive lead in to the session and Laura and Stevie unpack this. Four of the 11 sectors have seen declines but these are being counteracted by the performance of the financial sector, lithium miners are among the best performers today, and interest rates remain in focus.
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The Dow Jones closed at a record high on Friday and the NASDAQ rose over 1% following a stronger-than-expected jobs report. This report has lowered expectations for rate cuts and pushed the US dollar to a seven-week high. US bank stocks also hit record highs ahead of their earnings reports later this week, while US bond yields saw their largest increase since April. Meanwhile, Rio Tinto is in talks to acquire lithium miner Arcadium. Closer to home, Aussie shares are expected to open higher, supported by rising oil prices.
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It's been a rollercoaster week for the Aussie sharemarket, ending with a drop of around 55 points, breaking a recent winning streak. Despite early-week gains, the market finished down, with mining and banking sectors leading the losses. However, the energy sector was the standout, surging nearly 7% over the week, driven by rising oil prices amid geopolitical tensions in the Middle East. Dividends were also a highlight, with over $11 billion paid out, including major players like BHP and CSL. Looking ahead, key events include US job data, Australian RBA minutes, and more dividend payouts.
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October has had a rocky start, with Middle East conflicts raising concerns over oil supply. Strong U.S. services sector data has pushed the U.S. dollar to a six-week high. In company news, Levi Strauss shares fell after delivering a disappointing revenue outlook, though the company hopes its new campaign for Levi's Jeans featuring Beyoncé will boost sales. Meanwhile, Tesla's top data executive is departing ahead of their upcoming Robotaxi event. Locally, Australian shares are expected to slip as material stocks decline, with home lending data set to be released today.
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The Australian market remained flat today, with the ASX200 barely moving despite earlier declines. Investors were cautious due to escalating Middle East tensions, which drove mixed performances across sectors. Energy stocks, typically buoyed by rising oil prices, saw sluggish performance due to weak coal stocks like New Hope, which also traded ex-dividend. Real estate stocks outshone others, while financials and materials dipped. A major highlight was the $7.5 billion in dividend payouts from BHP and Woodside, contributing to one of the year’s biggest days for dividends. Despite market volatility, companies like Fletcher Building and Sigma Healthcare saw strong gains due to positive broker outlooks and merger news.
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US investors remain cautious, reflecting on recent economic and geopolitical developments. Strong job data has dashed hopes for a second major Fed rate cut. In corporate news, Nike shares declined after postponing its investor day due to an upcoming CEO change. Salesforce gained on AI initiatives while Tesla shares fell after the EV maker misses delivery estimates. In Australia, markets are expected to open flat, pressured by tensions in the Middle East.
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The market has closed slightly down again today. Laura and Stevie discuss this performance and the international news which may have aided this move. Energy stocks were the clear winners today recouping some of their recent losses and with only three sectors seeing gains they reflect on how those sectors impacted the overall market performance. They discuss the stocks that saw significant moves today with KMD Brands and Sigma Healthcare getting attention, and look to the days ahead.
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Global equity markets have retreated amid escalating Middle Eastern tensions, with oil prices surging 5% after Iran's missile attack on Israel. The tensions have also driven bond yields lower, boosted gold, and strengthened the US dollar. Meanwhile, a major US port strike could cause inflation. Technology stocks saw a sharp decline, with Apple shares falling as analysts and investors debate demand for the latest iPhone. Closer to home, Australian shares are set to edge modestly higher as the new quarter begins.
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We have ended the three-day winning streak today as the market looks set to close with one of the worst days in a month. Laura and Stevie reflect on this recent solid performance thanks in part to the first US rate cart and stimulus out of China and look to what could be ahead for this month based on historic data. Interest rates remain in focus with hopes of a significant cut in November dulled, they unpack the latest consumer spending data, and look at the performance of individual stocks and sectors.
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It’s the first day of a new month and Wall Street has seen modest gains following Fed Chair Jerome Powell’s comments. The S&P 500 secured its fourth consecutive quarter of gains, marking its longest winning streak since 2021. In company news, Tesla shares surged ahead of its Robotaxi debut. Meanwhile, Chinese markets are closed for Golden Week. Locally, the ASX 200 posted its best September quarter since 2013, though Aussie shares are expected to slip from record highs on Tuesday.
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It was a strong close for Australian stocks at the end of the month and quarter, with the ASX 200 rising 0.7%, marking three consecutive days of gains. The materials sector outshone others, bolstered by China's economic stimulus, pushing miners like BHP and Rio Tinto up by 11% over September. Key drivers of market performance included easing U.S. inflation and the potential for another interest rate cut in the U.S. in November. A2 Milk’s stock surged, driven by China's economic stimulus and expansion talks, while energy stocks rebounded following recent dips. Investors also closely monitored commodities, with gold falling despite a strong week.
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Join Tom and Ryan as they discuss the week ahead in Aussie and global markets.
US markets rose for the third consecutive week, with the Dow Jones closing at a record high, driven by a strong performance in energy stocks. In corporate news, US retailer Costco dropped nearly 2% following weaker earnings. Oil prices increased on Friday as investors weighed Chinese stimulus measures against rising Middle Eastern supply. Chinese interest rate cuts also boosted iron ore prices. Meanwhile, the ASX 200 is expected to open higher on Monday, ahead of key Chinese manufacturing data and earnings reports from Liontown Resources.
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The Aussie share market experienced a volatile week, with a modest 0.03% weekly gain, narrowly missing a new record high. Mining stocks surged due to Chinese stimulus, but financials struggled as funds flowed out of banks and into materials. Inflation data in Australia was in line with expectations, but core inflation remains above target, keeping rate cuts in focus. The Reserve Bank held rates steady, while US inflation and upcoming jobs data are key indicators for the next moves in interest rates. A2 Milk stood out with a sharp stock price rise, halted due to speculation of a potential acquisition.
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Improved earnings and economic news drove Wall Street to record highs, with Micron Technology posting its largest gain in 13 years due to AI-driven demand. Positive U.S. economic data has reinforced expectations of a soft landing, while China accelerated its stimulus efforts. Gold reached record levels, but silver stood out, hitting a 12-year high. In contrast, oil slipped 3% on the prospect of increased output. Meanwhile, Australian shares are set to rise as iron ore prices surpass $100 USD.
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The ASX 200 saw its first rise of the week, nearly recouping earlier losses and approaching a record high. The materials sector, benefiting from China's stimulus, surged, while financials rebounded slightly after a rough start to the week. Consumer discretionary stocks also performed well, led by Aristocrat Leisure, which hit an all-time high. Meanwhile, the energy sector struggled due to falling oil prices. Brickworks saw significant gains despite posting a loss, largely due to its long-standing dividend growth. Tomorrow will be a major day for dividend payments, with CBA and Fortescue leading the pack.
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The S&P 500 has retreated from its record highs, with information technology among the most improved sectors. Meta Platforms shares rose after unveiling a new VR headset, entering competition with Apple's device released in February. Meanwhile, oil stocks dropped more than 2% on concerns about Libyan supply. Closer to home, Australian shares are expected to open higher on Thursday, as miners look to China for further gains. However, Australian inflation hit a three-year low, putting pressure on the Aussie dollar
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The ASX experienced volatility today, initially opening higher before declining by 0.25% as softer inflation data briefly boosted the market. Australia's headline inflation fell to 2.7%, a three-year low, but core inflation remains above the RBA's target. Mining stocks surged, driven by China's significant stimulus measures, with iron ore prices rising and BHP up 3.5%. The Australian dollar also hit a 69-cent high, influenced by China’s stimulus and the RBA's stance on interest rates.
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Wall Street hit new record highs, led by the S&P 500, as mining stocks surged. However, U.S. consumer confidence dropped to its lowest in three years amid concerns about the labour market and broader economy. Meanwhile, China announced its largest stimulus since the pandemic, lifting oil prices by 2% and driving copper to a 10-week high. Locally, Aussie inflation is set to hit a 3 year low but don’t expect a rate cut.
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The Aussie market remained flat today amid a decision to leave interest rates unchanged. Laura and Stevie unpack this expected move and how the local market reacted as a result. They look at the performance of the sectors with materials seeing huge gains, but financials dropping a similar amount and offsetting the gains. Iron ore is in focus, Coles and Woolworths continue to struggle following the headlines of yesterday, and uranium miners are seeing gains.
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Wall Street consolidates last week's gains with Fed officials leaving the door open to further rate cuts. Intel shares rose on speculation of a Qualcomm takeover, while ASX lithium stocks will be in focus today following Albemarle's 3% gain. Hopes for China stimulus increase after the PBOC cut rates. Oil prices tumbled on weaker manufacturing data, while gold hit another record high. Meanwhile, a flat start is expected in Australia on Tuesday ahead of the RBA's interest rate decision
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Steve is rolling solo today as the market slips ahead of what will be a data heavy week. Reflecting on the recent record highs Steve deep-dives into why we could be seeing this breather and unpacks each of the sectors with several still seeing gains. Coles and Woolworths are in the news today and their share prices came under pressure as a result, Webjet is seeing some changes, and REA Group continue with their takeover attempts. A number of mining companies performed well today, and Steve looks at what to expect in the week ahead both locally and internationally.
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The Dow Jones closed at a fresh record high following a winning week, with investors still digesting the significant Fed rate cut. In company news, FedEx raised concerns about U.S. economic growth as their customers are shifting to cheaper and slower delivery options. Nike shares surged 7% after announcing a new CEO, while Intel shares climbed on reports of a Qualcomm takeover approach. Gold hit a fresh record high, and oil prices rose, though questions remain about the sustainability of its recovery. Locally, Australian shares are under pressure ahead of the RBA meeting and inflation data release this week.
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The ASX 200 continued its winning streak today amid news of Japan holding rates steady and U.S tech stocks surging on hopes of further cuts. Locally, commodity prices rose due to a weaker U.S. dollar, benefiting miners and energy stocks, though lithium miners struggled. The August jobs report showed strong part-time job growth, while RBA economists pushed rate cut expectations to December. Next week, investors will be watching the RBA's rate decision, inflation updates, and significant dividend payouts from major companies.
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Wall Street celebrates as stocks surge, with the S&P 500 notching its 39th record in 2024 and the Dow Jones reaching 42,000 points for the first time. U.S. jobless claims have fallen to their lowest level since May, signalling a strong labour market. In Europe, the Bank of England has held interest rates steady. In commodities, copper, oil, gold, and iron ore all rose, with iron ore boosted by hopes for a China stimulus. Locally, Australian shares are on track to hit a fourth record high.
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The ASX 200 hit a fresh record high today after the US Federal Reserve announced a mammoth 50 basis-point rate cut. While U.S. markets initially surged on the news, they later dipped when Fed Chair Jerome Powell hinted at smaller rate cuts ahead. Australia's jobs data surprised with higher-than-expected part-time job growth, though full-time jobs fell. Mining and energy stocks rebounded, but healthcare and industrials struggled, with ALS Ltd dropping sharply after a disappointing trading update.
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Wall Street ended lower despite the US Federal Reserve announcing a 50 basis point interest rate cut, the first in four and a half years. Join Tom and Ryan as they discuss the market's response, including the S&P 500 and Dow Jones hitting record highs, with small caps and regional banks outperforming, while utilities and technology stocks weighed down Wall Street. Closer to home, Aussie shares are expected to dip ahead of a key jobs report
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The ASX saw modest movement today, briefly hitting a new record high but largely treading water ahead of key events. The US Federal Reserve's much-anticipated decision on a potential rate cut is expected to significantly impact global markets, with a possible 50 basis point reduction under consideration. Australian jobs data, set to release tomorrow, will also be closely monitored. On the corporate front, Harvey Norman is facing legal action over allegedly selling unnecessary warranties, while Synlait narrowly avoided bankruptcy through a shareholder-backed capital raise. The materials and healthcare sectors struggled, with miners like BHP and Rio Tinto hit by falling iron ore prices, while utilities and energy stocks performed better due to rising oil prices.
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Anxiety is building ahead of the U.S. Federal Reserve's upcoming rate cut decision, which Ryan has liken to a ‘coin toss’. U.S. Treasury yields rose after a strong retail sales report, while both the S&P 500 and Dow Jones notch all time highs. Microsoft shares surged following the announcement of a $60 billion share buyback program. In contrast, Accenture, the worst performer on the S&P 500, faced setbacks after delaying staff promotions. Locally, the Australian market is expected to dip, ending a four-day winning streak as investors await China's rate announcement.
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Stevie joins Laura again today as the Aussie market improved for a fourth straight day that broke record highs. With a US rate cut imminent they discuss the impact that this is having on the market, break down the performance of the sectors with most seeing only slight gains, and talk through the companies trading ex-dividend. They look at the stocks that were on the winners and losers list for today, and they look to the night ahead.
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Wall Street braces as US interest rate futures indicate higher odds of a supersized Fed move. US two-year Treasury yields hit their lowest level since September 2022. Technology stocks were under significant pressure last night, with Apple being the worst performer on the Dow Jones, as its shares fell due to signs of soft demand for the new iPhone 16. In commodities, Goldman Sachs cut its iron ore forecast, while oil prices surged due to hurricane impacts. Locally, Aussie shares are poised to reach a record high.
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Laura is solo today on a positive start to the week for the Aussie market as it has continued to flirt with a record high. Laura reflects on the session which did lose steam as the day went on, discussing investor sentiment amid a sea of international volatility, and unpacks the economic data that we saw out of China this weekend. She talks through the stocks that saw the biggest movements today, the performance of the sectors with four seeing declines, and pre-emptively discusses what we could see in the week ahead.
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Join Tom and Ryan as they discuss the upcoming week in Australian and global markets. Last week, Wall Street had its best performance of 2024, following its worst week just prior. The world now braces for a potential Fed easing after a 36-hour rate rollercoaster. Meanwhile, Walmart shares rallied to an all-time high. Locally, gold hit a record high and Aussie shares are expected to test their own record today, although Chinese economic data may weigh on the market.
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The Aussie market came close to a record high before losing momentum, ending the day up just 0.3%. U.S. inflation data suggests a likely 25 basis point rate cut by the Fed next week, which could spark global market reactions. The Australian market saw mixed sector performances, with materials leading gains due to higher commodity prices, while financials lagged. Gold miners surged after a record high in gold prices, and several companies traded ex-dividend. Looking ahead, key global economic data and central bank decisions, particularly from the U.S., Japan, and the UK, could influence markets. The upcoming Aussie jobs report will also be crucial before the RBA's decision on September 24th.
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Join Tom and Ryan as they discuss Wall Street's recent performance, highlighting positive trends in the US markets and the impact of inflation data. They also explore how producer price data suggests a smaller US rate cut may be on the horizon. Meanwhile, Nvidia continues its tech rebound, and European shares rise following an interest rate cut by the European Central Bank. Closer to home, Aussie shares are poised for a higher open, supported by a softer US dollar and record-high gold prices.
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The Aussie market had a strong day with all sectors posting gains, pushing the ASX 200 close to its best day in four weeks. This upward trend followed a mixed U.S. inflation report that eased recession fears, boosting global markets. Tech stocks, led by WiseTech, reached record highs, while energy stocks rebounded slightly due to rising oil prices. Financials and materials saw mixed results, with BHP dropping post ex-dividend trading. Meanwhile, lithium and uranium miners experienced notable gains due to supply concerns and strategic shifts, setting the stage for further market activity influenced by upcoming global economic data and decisions.
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Technology stocks led Wall Street higher despite a mixed inflation report, with Nvidia spearheading the rebound following the post-CPI sell-off. The world's largest lithium miner surged on production cuts in China, while oil prices jumped as a U.S. Gulf hurricane spurs a short covering. BHP is trading ex-dividend today, and Australian shares are expected to rise ahead of the Commonwealth Bank's household spending insights report
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The market was flat for the majority of today but dipped slightly toward the end of the session ahead of upcoming inflation reports. Laura and Stevie unpack what could be expected there and how that data could move markets locally. They discuss the stocks that saw the largest moves with some of the best performers of late having been some of the worst today, investigate the company news that moved markets, and whether the presidential debate had any impact.
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Wall Street has seen mixed results as investors remained cautious ahead of key inflation data. JP Morgan led a bank sell-off after tempering revenue expectations, while Tesla, Oracle, and Nvidia pushed the NASDAQ higher. Oil prices settled near a three-year low due to a weak demand outlook. Meanwhile, Australian shares are expected to edge higher on Wednesday ahead of the RBA economic update and discussions surrounding REA Group's takeover talks with Rightmove.
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Laura and Stevie are back on a day which saw a slight lift. Consumer confidence data and discussions around rate changes start the podcast today, and they reflect on the international movements that impacted local markets with data out of China under the microscope and US performance potentially playing a part. With most sectors in the green there was fresh records to be seen today, and Apple was in focus following their announcements overnight.
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US investors pounce on discounted stocks, leading to a rebound in the market. Apple unveiled the iPhone 16 yesterday, showcasing its new AI features. Oil prices edge higher as a hurricane approaches the US Gulf Coast while iron ore ended its six-day losing streak amid hopes for Chinese stimulus. Locally, Aussie shares are expected to rise ahead of business and consumer confidence surveys.
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The market dipped slightly today but it could have been worse as Laura and Stevie report. They reflect on a session which bounced back from some of the earlier declines looking into what drove those early drops. US data is in focus with jobs and interest rate decisions in the conversation, and Chinese business and consumer data spoke of a slow economy. Laura and Stevie unpack the impact that this is having back home, discuss the performance of the sectors, and look at the stocks that saw the largest movements.
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Wall Street slumps as investors worry over weakening job growth and debate the potential for larger rate cuts ahead of key inflation data. Technology stocks were hit hard, with the NASDAQ dropping 6% last week due to growth concerns. Apple’s annual iPhone event, launching the iPhone 16, begins today and is a key event to watch. Locally, the ASX 200 is expected to open 1% lower on Monday, with energy stocks in focus following a 2% decline in oil prices
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The ASX saw a slight recovery today, however, global markets remain nervous ahead of the key U.S. non-farm payrolls report tonight, which could influence interest rate decisions and recession fears. This week, energy and mining stocks in Australia had their worst week of the year, weighed down by lower commodity prices, ex-dividend trades, and concerns over slowing economies in the U.S. and China. While tech giant Nvidia's massive 10% drop this week underscored tech sector volatility, major banks like CBA performed strongly, reaching record highs. Looking ahead, next week will be quieter locally, but critical inflation data from the U.S. and a European Central Bank meeting will shape global market movements.
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Wall Street has seen mixed results as weak employment data weighed on sentiment, with U.S. private payrolls falling to a three-and-a-half-year low. Ryan also previews the highly anticipated U.S. government payroll data set for release on Friday. In company news, Tesla is preparing to launch a new drive-assist system in China and Europe. Meanwhile, oil prices remain at a 14-month low due to demand concerns, while metal prices firmed. Aussie shares are expected to rise, with the Aussie dollar supported as the RBA maintains its hawkish stance.
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The Australian stock market managed a modest rebound, with the ASX 200 rising slightly after a significant drop yesterday. U.S. job market data remains pivotal, influencing global markets amid recession fears. Data center stocks surged following a landmark acquisition deal for Air Trunk, highlighting growing demand for data storage amid AI advancements. Meanwhile, energy stocks took a hit due to ex-dividend trading and declining oil prices, while financials and miners saw mixed performances.
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Wall Street struggles to find composure amid lingering growth concerns. Nvidia is in the spotlight after reportedly experiencing the largest single-day market cap drop in history. Commodities remain under pressure, including oil, which has slumped to its lowest levels since late 2023. Locally, Aussie shares are expected to open flat on Thursday ahead of a key speech by Reserve Bank Governor Michelle Bullock.
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Laura would rather ‘stare directly into the sun’ than look at the market today. An odd admission, but one fuelled by the poor performance of the Aussie market which saw significant declines following drops in the US market. Data out of China also weighed on the market so they discuss this, and look at the local economic data that played a part. With all 11 sectors down they look at their individual performances, oil prices are in conversation, and they look to what could lie ahead.
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Wall Street took a sharp downturn, experiencing significant sell-offs driven by growth concerns, reminiscent of August's market drop. Nvidia shares plunged 10%, leading chip stocks to their worst day since March 2020. The sell-off also impacted commodity prices, with oil slumping 5% amid hopes for a resolution to the Libyan dispute, and copper falling to a two-week low on concerns about Chinese demand. Meanwhile, Australian shares are expected to decline ahead of key economic growth data.
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It has been a quiet start to the month after a rocky August, with Laura describing the session today as ‘directionless’ with the US market shut. Laura and Stevie look at the performance of the sectors which was evenly split across gains and declines with materials and consumer staples seeing some losses. They look at the stocks that caught their eye as CBA hits record highs once again, discuss the large number of stocks trading ex-dividend, and look to what to expect as the US market reopens.
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Northern hemisphere markets remain neutral as Wall Street celebrates Labor Day. German stocks reached a record high despite its ongoing political uncertainty. Meanwhile, Rightmove shares surged following REA Group's bid, while iron ore experienced its steepest decline in two years. Locally, Aussie shares are expected to open slightly higher, ex-dividend stocks are in focus and the Aussie dollar has risen as the Greenback weakens ahead of the upcoming jobs report.
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It was a mixed performance for the Aussie market today with reporting season having come to a close. Laura and Stevie reflect on a session which started with declines but gradually clawed those losses back to finish in the green. They reflect on the performance of the last month and look at the stocks that drove the gains today. They dive into the performance of each of the sectors, Gold prices are in the conversation, and they discuss the stocks that caught their attention including REA Group and Star Entertainment.
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Wall Street has ended August on a high note, with record highs for the Dow Jones and S&P 500. The U.S market posted its fourth consecutive month of gains as the stock rally broadened ahead of upcoming job data. Earnings growth has been particularly strong in the technology, financial, and healthcare sectors. However, U.S oil prices plunged by 3% as OPEC increased output. This decline, along with falling commodity prices like oil and iron ore, has put pressure on the Aussie market and weakened the Aussie dollar.
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The Aussie market closed flat, but is likely to end August with a slight decline. Reporting season was mixed, with notable movements like Downer rising 17% after a strong profit report and Appen plunging 16% after losing key contracts. Retail spending was flat in July, aligning with higher costs of living. Looking ahead, key US inflation data and Australian economic growth updates will shape next week’s market focus.
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Wall Street has ended August in neutral, with US economic data suggesting a soft landing for the world's largest economy. The Dow Jones hit a record high, while the NASDAQ declined as Nvidia shares tumbled. Oil prices rose due to supply concerns in Libya and Iraq. Meanwhile, Aussie shares are expected to finish the week on a high, supported by strong commodity prices and recently released retail spending data.
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The ASX 200 closed slightly lower despite some gains earlier in the week. The market's performance was influenced by a tough start to August and modest improvements since, with concerns about a US recession and Japan's interest rate hike adding pressure. Nvidia's stellar earnings in the US were overshadowed by doubts about sustained growth, impacting global sentiment. Locally, Westfarmers' higher profits were dampened by a weaker trading outlook, while Qantas and Dusk saw modest gains. As earnings season winds down, eyes are on upcoming retail spending data and further profit results.
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Wall Street retreats as investors eagerly await Nvidia's earnings figures, while Australian shares are set to fall amid declining commodity prices. OpenAI is in talks to raise funding, which would value the company at $100 billion. Meanwhile, Warren Buffett's Berkshire Hathaway has reached a market value of $1 trillion. U.S. retail shares, including Lululemon, PVH, and Foot Locker, are under pressure as the economic outlook deteriorates. Locally, the earnings season is winding down, with previews from Wesfarmers and Mineral Resources.
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The market has remained flat today with a drop happening ahead of upcoming inflation data, but then settling once those numbers were revealed. Laura and Stevie reflect on the data and how it moved markets breaking down the performance of each of the sectors, discuss the best and worst performers for the day including City Chic and Adairs, and look to the day ahead.
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Wall Street slips into neutral as the market anticipates key earnings reports. Ryan and Tom preview Nvidia’s results, noting that the AI giant could have a greater impact on the market than Jerome Powell's upcoming Jackson Hole speech. Resmed shares surged 7% overnight, while Tesla declined following Canada's imposition of tariffs on Chinese EVs. Oil prices have dropped by 2%, and Woolworths is in the spotlight today as it releases its earnings results. Ryan also previews Australian inflation data, and the Aussie dollar has strengthened due to a weaker U.S. dollar.
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A number of leading Australian companies have released earnings data today and this, along with a cautious US session has resulted in a modest local decline today. Laura and Stevie reflect on the performance across the month which has been largely led by improvements, and delve into the sectors many of which saw a fall today. Oil prices are in the discussion, copper received a lot of attention, and they look to the upcoming earnings results for the week.
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Wall Street consolidates following recent gains while technology stocks suffer vertigo ahead of Nvidia's earnings. Apple shares have risen following the announcement of a new iPhone event on September 9th. Oil prices jump 3% due to Middle Eastern tensions, and iron ore reaches a two-week high. Ryan previews Coles and BHP's earnings results and futures point to modest gains for Aussie shares at the open.
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The U.S. Federal Reserve's recent comments at the Jackson Hole symposium, where Jerome Powell hinted at potential interest rate cuts due to a shift in focus from inflation to rising unemployment, have fuelled market optimism today. Meanwhile, the Australian market has rebounded from a rough start to the month, with sectors like consumer staples and healthcare facing pressure. Key highlights include Pilbara Minerals' significant revenue drop due to falling lithium prices and the strong performance of uranium miners. The week ahead is packed with major earnings reports from companies like BHP, Coles, and Nvidia, as well as important inflation data from both the U.S. and Australia.
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Investors celebrate as U.S. Federal Reserve Chairman Jerome Powell signals an imminent drop in interest rates, sparking a surge in U.S. stocks. Oil prices rise as concerns grow over Middle East escalations. A busy week lies ahead for local reporting seasons, with Nvidia kicking things off. Meanwhile, the Aussie share market remains resilient and is expected to begin the week on a positive note, supported by strength in oil and gold producers.
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The Aussie market's impressive 10-day winning streak has come to an end, with the market slipping into slightly negative territory. Key sectors like energy and utilities dragged the market down, influenced by declining oil stocks and coal miners. Whitehaven Coal and Ingham’s experienced significant share price drops following disappointing profit results and analyst downgrades, while Fisher & Paykel and Guzman y Gomez saw gains due to positive updates and strong performance. Investors are also eyeing the Jackson Hole Symposium and upcoming U.S. economic data, which could significantly impact market trends next week.
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Wall Street retreats as investors brace for a speech from Jerome Powell, who is expected to temper market expectations for aggressive interest rate cuts. The NASDAQ slid amid rising Treasury yields, with Powell’s remarks looming. Meanwhile, BMW surpassed Tesla to lead Europe in EV sales while earnings reports from Ingham's Group are anticipated. The ASX is set to open in negative territory, breaking its ten-day winning streak. Oil prices have rebounded after four days of declines, while the Aussie dollar eased as the US dollar gained strength.
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The Australian stock market continued its winning streak, marking ten consecutive sessions of gains, the longest run since 2015. Despite the streak, daily improvements have been modest. The market's resilience comes amidst ongoing reporting season, with mixed company performances. Notable movers include a 20% drop in Megaport due to underwhelming guidance, and strong gains for WiseTech and Brambles. Consumer spending trends are also influencing results, with KFC operator Collins Foods reporting declining sales amid cost pressures. Investors are eyeing upcoming global economic updates and the Federal Reserve's Jackson Hole Symposium for potential market impacts.
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Wall Street consolidates as investors increasingly expect the US Federal Reserve to cut rates in September, though the extent of the cut remains uncertain. Several retailers, including Target, have released earnings reports, with Target showing promising gains. Lithium miners are in focus after their latest earnings, while iron ore prices have risen on hopes of Chinese stimulus. Meanwhile, the Aussie share market is on track to extend its winning streak to ten days.
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The market started down today but did manage to improve slightly securing the longest winning streak in a decade. With today being the busiest day of the reporting season, Laura and Stevie look at some of the outcomes, the improvement of the tech sector is in focus, and they discuss the drag that is being seen because of the finance sector. Domino’s Pizza, the Lottery Corp, and IAG are among the stocks discussed, and they look to the days ahead.
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The S&P 500 and NASDAQ ended lower, breaking an eight-day winning streak. Lowe's shares declined due to weak consumer spending on DIY projects. In contrast, Eli Lilly's shares rose as its weight-loss drug showed promise in reducing the risk of developing type 2 diabetes. Meanwhile, gold reached record highs, and the Australian dollar strengthened as the U.S. dollar hit its lowest level since January.
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The Australian share market is on the cusp of its longest winning streak since 2015, having already logged eight consecutive days of gains. However, despite the optimism, today's rise has been modest, impacted by weaker iron ore prices and cautious investor sentiment ahead of central bank meetings. Key sectors like materials and tech are performing well, while property trusts lag behind, with Dexus leading the losses after posting a significant valuation-driven loss. On the corporate front, Baby Bunting and ARB enjoyed strong gains due to positive outlooks, while ANZ highlighted challenges with late mortgage repayments amid persistent inflation. With over 40 companies reporting tomorrow, it's set to be one of the busiest days of the reporting season.
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US stocks are showing a promising recovery from early August losses, with technology stocks leading the gains ahead of Jackson Hole. The Aussie share market is also expected to rise today, supported by industrial metal prices, while the Aussie dollar has reached a one-month high as the Greenback hits a seven-month low.
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The market improved slightly again today edging closer once more to the recent record high. Laura and Stevie discuss the mixed performance that we have seen today with some of the sectors seeing losses but others managing to balance that out. Reporting season continues and so they discuss the data that came out today, gold prices are in the discussion amid new highs, and they look at what to expect as the week continues.
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US stocks ended the week on a strong note, with technology stocks rebounding and leading Wall Street’s surge. Concerns about a US recession have eased after better-than-expected economic data, while hopes for lower interest rates are in focus ahead of a key Fed meeting. Meanwhile, the ASX faces headwinds as iron ore prices hit their lowest in two years. Earnings season is in full swing, with many companies releasing reports this week. Westpac is set to deliver a trading update on Monday, and the Aussie dollar is firming as the Greenback moderates.
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The ASX had a strong performance today, with the market experiencing its best week of the year, gaining 2.3% and nearing record highs. Global economic data provided a mixed but favorable backdrop, with easing inflation and robust US retail sales boosting investor confidence. Despite challenges, mining and energy stocks led gains, with tech and financial sectors also performing well. Domain shares saw volatility, initially rising before slipping into the red, while Zip surged 13% on a new partnership with Stripe in the US. As the reporting season progresses, anticipation builds for next week's updates from major companies like Domino's, Santos, and Westpac.
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Wall Street surges as stronger retail sales boost investor sentiment, while Aussie investors are focused on NAB's trading update today. The S&P 500 and NASDAQ achieved a six-day winning streak, with big-box retailers climbing after Walmart's strong results. Meanwhile, copper and oil prices rise on hopes of a soft landing, while iron ore hits a 14-month low.
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The Australian share market is teetering on a fifth consecutive day of modest gains despite a mixed bag of economic data. A surprising surge in job growth saw 58,200 new jobs in July, driving speculation about potential rate cuts, though uncertainty lingers. In the corporate world, Cochlear shares plunged over 7% despite solid profits, while Telstra's shares rose on news of a dividend increase, despite a dip in profits. Notable moves included Treasury Wine Estates benefiting from easing Chinese tariffs, and Pilbara Minerals acquiring Latin Resources, sending Latin's shares soaring.
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US stocks had mixed fortunes despite encouraging inflation data, with US inflation reaching a three-and-a-half-year low. Shelter inflation stood out, accounting for 90% of the overall rise in the CPI for July. Alphabet weighed on the NASDAQ as options are being considered for breaking up the online search giant. Iron ore prices hit their lowest since May 2023, while lithium miners are in focus after Albemarle's 5% drop. Locally, Australian shares are expected to open higher on Thursday ahead of key jobs data, while the Aussie dollar softened overnight.
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US markets were up overnight, and that performance seemed to help things locally. Laura and Stevie unpack the US data which saw the Aussie market up at one point close to 1% and explain how the materials sector limited those gains from going any further. As earnings season continues they discuss the company news that we saw today, look at the best and worst performers, and what data to expect overnight.
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Wall Street celebrates as investors react to the latest inflation figures, with softer US producer prices boosting expectations for a rate cut. Technology shares outperform, led by Alphabet as Google unveils its new Pixel smartphones. Starbucks sees record gains following the appointment of a new CEO, while Home Depot faces a weak sales outlook. In Australia, shares are expected to rise ahead of CBA’s earnings results, and the Reserve Bank of New Zealand may cut rates today.
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The market saw a modest improvement today as investors await a fresh catalyst and upcoming business data as early as tonight may be exactly that. Laura and Stevie unpack the upcoming data and look at the performance of today in detail. Today’s wages data failed to move markets and reflect on the performance of each of the sectors with healthcare dragging on the market. They look at the best and worst performers including Temple & Webster and Seek.
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Wall Street treads water as investors brace themselves for key corporate and economic events, most notably key inflation figures. Gold prices rise, while oil surges for the fifth consecutive session amid Middle Eastern tensions. Locally, investors brace ahead of key wages data and CSL earnings and the Aussie dollar strengthens following the overnight softening of the U.S. dollar.
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This week has started on a more positive note than what we saw last week on what Laura is calling “an impressive day”. She is joined by Stevie to reflect on the performance that we saw last week and to discuss the gains of today. Only two of the 11 sectors finished lower but these losses were counteracted by the positive performance of the remaining sectors. They discuss the stocks that caught their attention today including CAR Group Limited, and JB Hi-Fi, and discuss the company news that did and could shift markets.
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Wall Street ended last week with a slight gain after a volatile week, and Aussie shares are expected to recover some of last week's losses. The S&P 500 dipped slightly but was able to stabilize after a significant drop earlier in the week. The upcoming week will provide important economic data, including the US consumer price index, retail spending, and Australian jobs and wages data. Markets are closely monitoring for signs of inflation and potential interest rate cuts, as uncertainty and volatility persist.
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The Australian stock market ended the week on a positive note, with a 1.3% rise on Friday, partially recovering from a rough start earlier in the week which saw our largest declines in 4 years. The recovery was bolstered by gains across all sectors, especially tech and materials, and positive influences from U.S. markets and Chinese inflation data. Notable stock movements included a sharp rise in Life 360 after strong earnings, and a decline in Neuren Pharmaceuticals following less-than-expected results. Despite Friday's rally, the market still posted its worst weekly decline in over three months, as global economic concerns, particularly from Japan and the U.S., weighed heavily throughout the week. Looking ahead, a busy week awaits with key economic updates and the continuation of the profit reporting season.
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Wall Street surges as investors find comfort in the latest economic news. Positive data has tempered expectations for aggressive interest rate cuts by the US Federal Reserve. Eli Lilly's share price soared after its weight loss drug sales exceeded expectations. On the other hand, dating app Bumble stumbled to record lows due to disappointing outcomes and a failed strategy. Meanwhile, the Aussie dollar rose following hawkish comments from the Reserve Bank Governor.
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Aussie stocks saw a slight decline on Thursday, leaving the market on track for a significant weekly drop despite a calmer trading environment compared to Monday's sharp fall. Energy and mining sectors struggled, particularly with materials experiencing their fifth consecutive session of losses due to weak demand from China, pushing the sector to its lowest levels since November 2022. Notably, West African gold miners were hit hard following news of a new mining code. In company updates, Qantas shares fell over 2% as former CEO Alan Joyce faced a $9 million cut from his final pay while AMP emerged as the best performer of the day. As the week wraps up, attention turns to upcoming earnings reports from major Australian companies and inflation data from China.
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Wall Street ended lower overnight as recent volatility continues to subside. The US Federal Reserve is unlikely to make an emergency rate cut, while US bond yields rose after a weak 10-year auction and heavy corporate supply. The Japanese yen slumped after the Bank of Japan talked down rate hikes. Disney shares also dropped as demand for theme parks weakened. The ASX is expected to slip, dragged down by industrial metal prices, and the Aussie dollar eased on weak Chinese economic data.
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There were small gains for the market today as it slowly recoups the losses of Monday which was the worst day in almost four years. Laura and Stevie reflect on this gain and look at the data that has aided it. Japan is back in the conversation today as interest rates enter the discussion, The US looks to have another positive start to their next session, and they look at the sectors with a number of them seeing gains in excess of 1%.
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Markets have found some calm after experiencing their worst sell-off in two years, which was caused by the unwinding of the carry trade. Comments by Fed officials have eased US recession worries, while Japanese shares posted their best day since 2008. Meanwhile, Australian shares are expected to dip after the RBA ruled out an imminent rate cut, with their hawkish commentary on inflation leading to a rise in the Australian dollar.
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The market has settled somewhat today after yesterday’s tumble which was fuelled by international data out of the US and Japan. Laura is back with Stevie this afternoon to reflect on our recent local performance and to unpack the bounce back following the RBA’s interest rate decision. They look at the sector performance across the board, discuss the biggest movers, and look at what could be ahead with the US market expected to open higher overnight.
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Wall Street experienced its third consecutive session of selling momentum, leading to a plunge in US stocks. The ASX is expected to open lower ahead of today's Reserve Bank interest rate decision. The 10-year US Treasury yield dropped to its lowest level in over a year, oil prices hit a seven-month low, and metal prices fell to a four-month low. Meanwhile, the Aussie dollar firms as the US dollar sank to a seven-month low.
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Global markets faced one of their largest drops in years, with the ASX 200 experiencing it's steepest decline since May 2020. This drop follows disappointing economic data from the U.S., where slower-than-expected job growth and rising unemployment rates have raised concerns about an impending recession. Additionally, big tech stocks like Amazon and Intel posted significant losses, contributing to a correction in the tech-heavy NASDAQ. The Japanese market entered a bear market after interest rate hikes, and other regional markets, including Taiwan and South Korea, also saw significant declines. In Australia, almost all sectors were down, with attention now shifting to the Reserve Bank of Australia's upcoming interest rate decision due to be handed down tomorrow.
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Wall Street falls as investor fears shifted towards a slowing economy, with US recession concerns affecting the ASX. Technology stocks are under pressure as investors worry about the AI runway, and the NASDAQ has entered correction territory following weak US jobs reports. The ASX is set to open sharply lower, with oil prices hitting an eight-month low.
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The Aussie share market experienced its worst day of the year, with almost 90% of stocks in the red. This decline followed two consecutive days of record highs and could be attributed to profit-taking by investors. The US market also saw a slump, particularly in technology stocks, due to disappointing economic data. Key events to watch next week include the upcoming US jobs data and the Reserve Bank of Australia's interest rate decision.
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Join Tom and Ryan as they discuss the week ahead in Aussie and global markets. Wall Street falls on growth concerns, while Amazon plunges 5% on weaker-than-expected results. The Bank of England cuts interest rates for the first time in four years, and European automakers struggle with earnings misses. The chip stock route resumes, and falling commodity prices weigh on the Aussie dollar.
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After closing at a record high yesterday the market has continued to grow, starting the month with further gains. Laura and Stevie reflect on the performance of local markets throughout July comparative to international markets, look at what inflation data and recent interest rate decisions could mean for rate cuts later in the year, and unpack the performance of each of the sectors with tech, property, and commodities all seeing boosts. They discuss the stocks that stood out today and look at how tech earnings data could move markets in the days ahead.
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Wall Street has reason to celebrate as the US Federal Reserve paves the way for a September rate cut. The S&P 500 and NASDAQ had their best days since February 22 of this year. Meta Platforms surged as sales surpassed estimates due to advertising growth, and oil prices jumped amid Middle Eastern tensions. Closer to home, Aussie shares are expected to start the month building on record highs. Home prices have risen for the 18th straight month, and the Greenback comes to the Aussie dollar’s rescue.
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The market has ended the month on a high with today being the best day of the entire year. Laura and Stevie reflect on the performance of the local market over the past month where four record highs were recorded, and they look at how quarterly inflation data impacted investors today finally providing the much-needed catalyst that they have spoken of for the past few days. They unpack how this may impact the imminent interest rate decision, look at how the sectors performed with almost all stocks in positive territory, and the company news that received attention today.
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US technology names face selling pressure ahead of key earnings figures. Microsoft shares slide after slightly missing cloud revenue expectations. The Reserve Bank faces challenges with falling economic growth and rising inflation. US interest rates and Aussie inflation data are in focus, while chip shares fall as rotation into value stocks continues. Meanwhile, oil prices hit a seven-week low, and Rio Tinto will release its earnings today.
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It was good news yesterday with gains all round but today those gains have been lost as the market struggles to find direction. Laura and Stevie reflect on the performance of yesterday and how the local market today compared to US markets. With 7 in every 10 sectors locally dropping and energy and mining stocks weighing on the day the most they look at these losses in more detail, discuss the stocks that caught their eye, and look at what upcoming company news could do to the market as the week continues.
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Wall Street consolidates ahead of key central bank decisions and a slew of company news. McDonald's same-store sales growth turns negative for the first time since the pandemic. Microsoft earnings will be in focus tonight and Tesla shares rise on analyst upgrades. UK interest rates are at their lowest levels since April, and commodity prices continue to slide, with oil down almost 2%. Locally, the Australian corporate reporting season has kicked off, and the Aussie dollar carries the weight of weak commodity prices.
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With all 11 sectors seeing gains today the market has recovered from the losses of last week nearing another record high. Roughly 75% of all stocks on the market saw increases with tech stocks performing the best, Laura and Stevie discuss this and look at the performance of the other sectors, and touch on the spike that the Star Entertainment Group has seen through this afternoon. They unpack the numerous events that could shift the market this week and look at the stocks that moved the most.
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Join Tom and Ryan as they discuss the week ahead in Australian and global markets. Technology stocks recover after recent losses, and investors brace for more AI-based earnings from Meta, Amazon, Microsoft, and Alphabet. Interest rates fall as the US Federal Reserve's meeting is anticipated to signal a rate cut in September. Locally, the ASX is expected to open higher despite headwinds from lower commodity prices, and the Aussie dollar continues its recent slide.
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The Aussie market showed a partial recovery today, with the ASX 200 index rising by 59 points or 0.8%, despite still being on track for a weekly decline. The market's recent volatility has left it roughly 2% below its record high from two weeks ago. Miners led the gains, with energy and property stocks also performing well. Despite three days of declines this week, the market remains on course for its second-best month of the year, highlighting resilience amidst global economic fluctuations. Looking ahead, next week's key events include U.S. inflation data and significant tech earnings reports, which are expected to heavily influence market trends.
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Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets.
US stocks experienced mixed fortunes last night as tech stocks underperformed, while the Dow Jones outperformed as stock rotation continues. Harley-Davidson reported increased profits due to strong demand for touring bikes. Closer to home, the ASX is poised to rise, supported by climbing energy prices, while the Australian dollar faces pressure from declining iron ore prices.
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The Aussie market took a significant tumble today, marking it's biggest decline in 6 weeks, largely influenced by disappointing earnings from major US tech companies, Tesla and Alphabet. This led to a broad sell-off across all sectors, with tech stocks being the hardest hit. Key losers included Macquarie Group and Fortescue Metals, which faced challenges from higher costs and declining commodity prices. Despite the market downturn, Coronado Resources emerged as the top performer, while Regis Resources struggled despite strong production results.
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Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets.
Wall Street experienced what Tom describes as a ‘stock smackdown’ with the likes of the NASDAQ posting its worst session since 2022 after Tesla and Alphabet earnings disappoint. The Bank of Canada has cut interest rates for a second consecutive month, while Ford shares slumped on disappointing earnings. Elsewhere, the ASX is expected to open lower today amidst multi-month lows in copper and iron ore prices. Additionally, the Australian dollar continued its retreat on lower commodity prices.
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The Aussie market struggled for direction today, influenced by a melow overnight session in the US and anticipation for ket inflation data set to release on Friday. Eight out of eleven sectors declined, with property and energy stocks being the hardest hit. Despite the overall market lethargy, gold stocks shone brightly, with West African Resources and other gold miners posting gains.
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Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets.
Wall Street moderates as investors brace for a wave of earnings figures. Tesla reports disappointing earnings in after hours trade while Alphabet beats earnings expectations but falls short on YouTube ad revenue. United Parcel Service has had its worst day on record. Meanwhile, miners and energy shares drag the FTSE 100 lower and a subdued start to trade is expected in Australia today.
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The ASX had a comeback today, recovering losses from the previous day despite energy sector drags. Woodside Energy's shares plummeted by 3.7%, hitting a one-month low after a disappointing quarterly update and recent acquisition concerns. The overall market sentiment was boosted by positive cues from Wall Street, with tech and health care stocks seeing significant gains. Notable movements included Transurban's rise following a partnership announcement for motorway upgrades, PolyNovo's surge driven by growing demand for its burn treatment products, and a substantial increase in gold miner Spartan Resources' share price.
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Wall Street recovers after a volatile week, with the Dow Jones, NASDAQ, and S&P 500 all showing gains. Investors have regained composure following Joe Biden’s exit from the presidential race while earnings reports from tech giants Alphabet and Tesla are eagerly anticipated. Confidence has also returned to European stocks after a technology meltdown. Meanwhile, Aussie shares are expected to rise ahead of Woodside Energy's update, although commodities might put pressure on mining stocks. Overall, the market is displaying signs of composure despite ongoing challenges.
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Join Steve and Laura as they discuss the ASX extending its losing streak for a third consecutive session, currently down 0.6% and dipping below the 8,000 point mark. Contributing factors to the downturn include US-China trade tensions, a global tech outage, and Joe Biden's decision to quit the presidential race. South32's shares plummeted to a three-month low while Iris saw a surge after announcing a significant increase in earnings. Looking ahead, key updates include quarterly results from major companies and the US profit reporting season.
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Join Tom and Ryan as they discuss the week ahead in Aussie and global markets.
Investors are cautious following President Joe Biden's withdrawal from the presidential race. The US dollar is strengthening as investors anticipate interest rate cuts. Technology stocks have plummeted due to the global cyber outage, while safe-haven assets are in focus amidst US political uncertainty. In other news, oil prices have dropped to their lowest levels since June, copper has hit a three-month low due to China's economic gloom, and Aussie miners are on edge as commodity prices retreat.
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The share market is on track to post the worst session it has seen in 6 weeks. Laura and Stevie reflect on this performance unpacking why it might not be all doom and gloom given that the market has seen continuing record highs. They look at the international market moves that have impacted us locally, and the performance of the sectors where the materials sector and banking are causing declines. They look at the big movers and what to expect in the days ahead.
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Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets.
Wall Street experiences significant selling pressures overnight, leading to a decline in US stocks with both the NASDAQ and S&P 500 finishing lower. Meanwhile, Netflix beats analyst estimates as memberships rise while Dominos has its worst day since 2008. In Europe, stocks close lower as the ECB holds interest rates steady. Closer to home, the ASX is set to tumble due to concerns about demand in China and falling metal prices.
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The market has seen a slight slide today on a day that Laura says ‘could have been much worse’. She is joined by Stevie to unpack how the tech sector influenced that decline, the jobs data which did result in a slight dip this afternoon, and what to watch as the month progresses. They look at the performance of each the sectors which have almost all seen declines, the biggest movers which include Domino’s as the worst performer, and the US data that is expected overnight.
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Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets. Chip makers experienced their worst day since March 2020 amid escalating US-China tensions following comments from Donald Trump. European markets were also impacted by declines in technology stocks, while the Dow Jones continued its rally to reach new record highs. Meanwhile, in Australia, shares are set to slip ahead of key jobs data, and energy stocks are in focus as oil prices soar.
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The ASX surged today, achieving its third record high in four sessions, driven by optimism over a potential interest rate cut in the US. Financials outperformed, hitting fresh highs, and Gold stocks shone, with notable gains for Evolution Mining and Northern Star. In corporate news, Drone Shield and Zip faced challenges, while Core Lithium and one luxury retailer experienced mixed fortunes. Investors are now keenly awaiting key profit results from major US companies and tomorrow's Aussie jobs report.
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Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets. The US saw small caps surge on rate cut bets and investors focus on investors bank revival. Meanwhile, a resource slump weighs on European stocks. The ASX is set to rise as gold hits a record high, with Aussie shares expected to rise ahead of BP releasing their quarterly numbers. Additionally, the Aussie Dollar eases.
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The market has taken a breather after the historic heights of yesterday where it cracked 8000 points. Laura and Stevie reflect on this recent performance also discussing the highs that have been seen in the US this year. The materials sector has been dragging on the market today with property stocks seeing gains. As a result, they unpack the mixed performance over the sectors, look at the stocks that moved the most, and the data out of the US that could shift markets overnight.
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Wall Street ends higher as investors firm bets on Trump win. European luxury names slump on a weak outlook, while Apple shares hit a record on an optimistic outlook. Meanwhile, the ASX 200 is set to slip ahead of Rio Tinto results, and Aussie miners are under pressure from weak Chinese growth.
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It was another market milestone today with a record high that puts the market up 80% on the lows that we saw during the peak of the pandemic. Laura and Stevie unpack the inflation data that is keeping hopes alive for a US rate cut, look at how local economic data fared amid expectations, and the performance of each of the sectors all of which are in the green with tech stocks performing the best. They also look at the stocks that caught their eye and the economic data that could shift markets this week.
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The ASX soared to record highs today, buoyed by easing inflation in the US and speculation of potential interest rate cuts. This marks the first time since April that the ASX has reached such heights, closing up 0.8%. Among the notable developments, the Commonwealth Bank of Australia (CBA) surpassed BHP to become the largest company on the Australian market. Key sectors like property and financials led the gains, with tech stocks as the only sector in the red. CBA's strong performance, rising by 17% this year, contrasted with BHP's 14% decline, driven by weak iron ore and nickel prices. Looking ahead, significant updates are expected, including US profit reports from major banks and key economic data from China.
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US stocks experienced an unexpected downturn despite better inflation figures. Technology stocks led the decline on Wall Street, while airlines slumped due to disappointing earnings. In contrast, luxury stocks gained in European trade. Commodity prices rose on a weaker US dollar, the Aussie dollar surged overnight, and futures point to solid gains for the local share market.
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US markets set their 37th record high of the year, lifting by 1%, positively influencing the Australian market and bringing it close to a record high. Key drivers included comments from US Federal Reserve Chair Jerome Powell suggesting a potential rate cut. All 11 sectors on the Australian market were up, with notable gains in energy, materials, healthcare, and tech. Record highs were hit by companies such as CBA, REA Group, and JB Hi-Fi, despite the latter facing legal issues. Meanwhile, uranium miners soared due to Kazakhstan's tax hike on uranium production. Upcoming US inflation data and earnings reports are expected to further impact market movements.
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The ASX200 is set for solid gains at the start of trade, with futures pointing to a nearly 1% increase following new record highs in the US market. Oil prices have risen due to evidence of improving US demand, and precious metals have firmed as the Greenback softens. US Federal Reserve Chairman Jerome Powell has reiterated his stance on rate cuts and technology names lead Wall Street higher. European markets have recovered from recent losses, and the Australian dollar remains steady against the Greenback.
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The market has seen some declines, but Laura and Stevie explain how it could have been worse amid economic data coming out of China. The Reserve Bank of New Zealand have decided to keep interest rates on hold, they look at the upcoming speeches and economic data that could move markets, and deep dive into the sectors and stocks which have seen mixed performance today.
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The S&P 500 edges higher, consolidating around record levels, while commodity prices ease as the US dollar gained. Overseas, European stocks retreat, particularly in mining and energy sectors. The Kiwi interest rate decision is expected today. Locally, futures point to a lower open for the ASX200, and the Aussie dollar remains steady at 67.4 US cents.
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The market has bounced back today following the losses of yesterday. Laura and Stevie start by discussing US markets which also saw some gains and then look to the local performance. Locally all of the sectors ticked upwards today with financials leading the charge, the telecom sector is in the headlines, and they share the stocks that caught their eye in the past 24 hours.
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Wall Street continues to grind out the new trading week with record highs but investors are pensive ahead of inflation figures and earning season. European markets consolidated after last week's gains with energy and miners underperforming, while insurance and travel stocks improved. Commodity prices ease from multi week highs. Locally, investors are looking forward to consumer and business sentiment surveys and the Aussie dollar has eased as the Greenback finds its footing pointing to future gains for local shares.
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The week has started off quite poorly wiping out all the gains that took place last week. Laura and Stevie unpack the happenings over the weekend that influenced this shift including jobs and unemployment data. Nine of the eleven sectors saw declines today with materials and energy stocks dragging the most on the market. Gold is in focus today as prices lifted, lithium is back in discussion, and they look to the week ahead.
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The ASX200 is expected to open in negative territory after a modest gain in the first week of the month. The US dollar continues to moderate supporting commodity prices with gold at 6 week highs. Technology names lead the way with the Nasdaq up more than 3% last week. ResMed finds support after its recent sell off and the Aussie dollar continues to gain against the Greenback.
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The Aussie market dipped slightly today despite a generally strong week, bolstered by a 1.2% rise the previous day. The market's directionless nature was partly due to the US market being closed for the Independence Day holiday. However, expectations of a US rate cut in September, following soft economic data, provided some optimism. Mining stocks, driven by rising commodity prices, performed well, while Magellan and BHP also saw significant activity. Looking ahead, key events such as nonfarm payrolls in the US and French parliamentary elections are anticipated to influence market movements.
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Wall Street was closed for the Independence Day holiday, but European stocks were higher, led by energy and financial sectors, and ahead of key election outcomes. Commodity prices consolidate on recent gains, with oil prices remaining at two month highs, and the Aussie dollar surges on the back of US dollar weakness.
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Australian shares surged by 1.2% following fresh record highs in US markets, driven by expectations of potential US interest rate cuts, sparked by weaker-than-expected US economic data. Commodity prices also boosted local energy and mining stocks, with oil, gold, and iron ore prices all climbing. In company news, rumours of potential takeover bids for Santos sent its shares to a two-year high, while other resource firms faced challenges. Looking ahead, markets will watch for upcoming data from China and other global economic indicators.
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Wall Street hit new record highs overnight, with the S&P 500 and Nasdaq performing well although the Dow Jones finished slightly negative. European markets rise on lower US interest rates and political developments in France. The Aussie dollar surges on the back of US dollar weakness, gold prices at one month highs and oil hits its highest levels in two months. Weight loss drug makers lose ground, while Tesla continues its revival.
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There has been a small gain today on the market but investors seem to remain hesitant overall. Laura and Stevie unpack this mixed day which saw around half of the sectors improving. Retail spending figures are the subject of conversation today despite these figures not having a huge impact on the market, they look at the standout stocks including Booktopia and Liontown, and the day ahead.
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Technology names lead Wall Street higher, Tesla shares up 10% on encouraging update, oil prices moderate as weather concerns ease and the Aussie dollar benefits from Greenback weakness. Investors look ahead to retail sales numbers locally and Chinese services figures anticipated.
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The market is still waiting for a fresh catalyst it would seem as Laura and Stevie unpack two days of losses following a couple of weeks of near record highs. With majority of the sectors in decline today they look at the big movers, and with energy one of the few to see gains this sector remains in focus. Liontown is the top performer today, and Lovisa is the worst performing following doubts around store opening expectations. They look to the day ahead and revisit the performance of Guzman y Gomez.
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US and European markets post modest gains on the first day of the month with US stocks gaining despite sharp rise in interest rates. European investors express relief following French elections and big tech names lead advance on Wall Street.
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It was a slow start to begin the new financial year. Laura and Stevie reflect on a day where most of the sectors saw a decline. They look at the materials sector in detail which did manage to rally today and unpack the reasoning behind that boost, reflect on the recent local market performance in comparison to international markets, and look at the stocks that were in focus today.
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Wall Street ends the final day in the trading week in negative territory and weaker economic figures from China to create headwinds in local shares. European investors pensive ahead of French polling results and Nike experienced its worst day since its listing in 1980, which reverberated throughout the leisure wear sector, leading to declines in companies like Lululemon, JD Sports, and Puma.
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Despite starting the session strongly, the Australian share market had a subdued finish to a week dominated by inflation concerns. Over the week, the market showed resilience, recovering from significant mid-week losses caused by worse-than-expected inflation data. Highlights included Mirvac's rebound after selling a major stake in a Sydney office tower, ANZ's acquisition of Suncorp's banking business, and Adore Beauty's acquisition of the premium brand iKOU. The upcoming US inflation data, French elections, and Australian retail spending data are set to influence market movements next week.
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Wall Street shows only modest gains ahead of key inflation figures, while Aussie shares are expected to rise ahead of private sector credit data. A fall in US bond yields was outperformed by technology shares with server maker, Super Micro Computer, now the top performer on the S&P 500. European markets were mixed, with retail stocks performing poorly and Aussie shares were up neutralising yesterday’s decline.
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The Australian share market experienced a significant dip, with real estate stocks notably plummeting due to a combination of ex-dividend trading and fears of rising interest rates. Inflation remains a pressing issue, with May's data showing a 4% increase, the highest in six months, leading to speculation about potential rate hikes in August or September. Despite overall market losses, tech stocks showed resilience, continuing their upward trend. Investors are also closely monitoring upcoming economic data and the US presidential debate for further market implications.
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Wall Street continues to grind ahead of key inflation figures, while Aussie shares are expected to fall sharply as inflation data spooks investors. Micron Technology declined in late trading after its forecast failed to meet the sky-high expectations of some investors. Australia now has the highest inflation in the developed world, with commodity prices under pressure due to a push in the US dollar.
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Laura and Stevie start the episode by calling this a ‘terrible day on the share market’. Join them as they unpack this on a day where Inflation data was significantly higher than expectations. They look at how this has impacted market sentiment, discussions around rate hikes, and what further upcoming economic data could do to the movements that we saw today. They talk through the stocks that caught their attention, sector performance, and reflect on the week overall.
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Wall Street recovers thanks to a move higher for technology names. All eyes are on Micron Technology, which will release its third-quarter earnings report on Wednesday. Amazon, Meta, and Google are up 1% and Nvidia shows a significant rebound after falling for three straight sessions. In Canada, inflation numbers came in stronger than expected after cutting interest rates for the first time in four years. Australian shares are expected to open lower ahead of key inflation data, with the resource sector under pressure.
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The Aussie market has reversed the losses of yesterday. Laura and Stevie discuss this ‘bounce back’ and why it is surprising given the upcoming local and international inflation data. They discuss how this upcoming data could impact the days ahead, consumer confidence in the current climate, and look at the sectors in detail with all of them spending the majority of the day in positive territory.
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A nervous start for Wall Street with tech stocks in reverse, while Aussie shares are expected to open higher ahead of KFC operator Collins Foods' results. US equities might be set to pause as investors await inflation data. ResMed's Aussie shares are under some pressure, while energy stocks and banks in Europe saw gains.
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The market has started things cautiously this week reversing almost all of last week’s gains. Laura and Stevie discuss this session which continued to get worse as the day went on and the two main catalysts that could impact markets through this week. They look at today’s performance where almost all of the sectors have slipped, the stocks that were in focus, and what to expect across the final week of the month.
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A lack on conviction on the part of investors saw mixed fortunes for Wall Street on Friday. Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets. The ASX expected to fall as the Reserve Bank's inflation problem rattles nerves. Nvidia shares appear to be cooling off the back of their record peaks.
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Wall Street treads water as investors return from a holiday. We saw record levels but retreated by the end of the day. While Aussie shares are poised to open higher. The S&P 500 briefly topped 5,500 points before losing some traction. European markets had a better tone, with central banks making interest rate decisions.
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The market has remained relatively flat today following a day of closed US markets. Laura and Stevie unpack this performance which saw mixed results across the sectors and discuss why a lack of international economic data likely had a part to play. The biggest listing on the share market in three years also went public today in the form of Guzman y Gomez, they discuss this launch and also look at the top performing stocks in this session.
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US markets were closed for the Juneteenth public holiday, while European markets showed mixed performance. The UK's inflation rate fell to the Bank of England's 2% target for the first time in nearly three years, but core inflation remains high at 3.5%, with services inflation near 6%. Political uncertainty weighed on European markets, with the French market particularly affected by fiscal concerns. In commodities, oil prices dipped slightly, while metals like copper and aluminium saw gains. The Aussie dollar rose slightly, influenced by the Reserve Bank of Australia's cautious stance. Today, Australian shares are expected to open lower ahead of Guzman and Gomez's highly anticipated IPO.
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Following a day of significant improvements yesterday the market has today paused for breath. Laura and Stevie discuss the part that yesterday’s RBA meeting could be playing in the stall of today, and discuss the company that is now 23 times larger than Australia’s biggest company. The best and worst performing sectors are looked at as well as the standout stocks, and they look to the days ahead.
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The market has bounced back today reversing the losses of the past two sessions. Laura and Stevie unpack this performance and deep dive into the outcomes of the latest RBA meeting where a neutral stance was taken. Consumer confidence is considered, they discuss the one stock that weighed on the sectors, and look at the standout stocks for the day.
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US stocks rallied as the S&P 500 hit its 30th record high this year, with the Dow Jones rising by 0.5% and the tech-heavy Nasdaq up by 1%. Meanwhile, European markets saw modest gains amid political uncertainty in France, where fiscal concerns are impacting bond yields. Australian shares are set to rise, awaiting the Reserve Bank's policy decision amid fluctuating commodity prices and a stable Aussie dollar.
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Another down day for the Aussie share market, join Stevie and Laura as they give an overview. We saw a quiet day of trade ahead of the RBA handing down it's decision tomorrow. The expectation being that there will be no change in the cash rate. Paladin Energy stocks continue to see losses, while Tabcorp's stocks rose.
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US stocks ended last week on a flat note after significant movements due to inflation data, with the S&P 500 and Nasdaq posting modest gains while the Dow Jones dipped slightly. Apple surged to a record high, buoyed by its AI integration plans while in contrast, European markets struggled, especially in France, due to political instability. Meanwhile, Australian shares are expected to start the week lower, following a 1.7% decline last week, amid global market uncertainties.
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Laura and Stevie round off what was a challenging week for Aussie stocks. We saw widespread losses and are on track for the worst week in two months. The consumer discretionary and healthcare sectors performed well, while tech and mining sectors struggled. Notable stock movements included Tapcorp, Boss Energy, Paladin Energy, and Deterra Royalties.
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US stocks reached new highs as inflation fears eased, with the S&P 500 and Nasdaq showing modest gains despite a slight drop in the Dow Jones. Lower inflation, indicated by flat consumer prices and declining producer prices, provided relief. However, industrial shares lagged due to economic slowdown concerns. In Europe, political instability and auto sector worries led to market declines, particularly in France and Germany. Meanwhile, Australian shares are expected to dip slightly amid mixed global signals.
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It is the first lift of the week for the Aussie market, though it has not fully rebounded from the last two challenging days. Join Laura and Stevie as they discuss the busy 24 hours that has been, including the latest US inflation rate report, the surprise from the US Federal Reserve's rate cut decision, the performance of companies such as ASX, Bubbs Australia, and A2 Milk and the latest strategic move from Qantas. Additionally, the introduction of Apple Intelligence has seen shares lift, overtaking Microsoft on the NASDAQ.
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US stocks surged to record highs due to lower-than-expected inflation figures, leading to optimism in the market. The S&P 500 and the NASDAQ were up, while the Dow Jones lagged slightly. Inflation data showed minimal monthly increases, the slowest since August 2021, suggesting progress in controlling inflation. The Federal Reserve maintained interest rates but hinted at fewer rate cuts in 2024, causing mixed reactions in the market. European markets also saw gains, driven by improved US inflation data, although some local challenges persisted. Meanwhile, Australian shares are expected to rise ahead of crucial jobs data, reflecting global economic trends.
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Join Laura and Stevie as they take a look at the markets nervous start to the week. Two consecutive days of declines, ahead of two high risk events tonight. Why did consumer confidence just hit its lowest level all year? Judo Capital Holdings saw gains after the ASX quarterly rebalance placed it in the top 200.
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Aussie shares are predicted to decline ahead of key inflation data from the US and China, meanwhile a significant $39 billion US bond auction sparked speculation about potential Fed rate cuts. Tech stocks, particularly Apple, saw gains amid new AI features while in Europe, political uncertainties led to notable market declines, especially in banking stocks. Commodity prices, including metals and oil, experienced fluctuations due to mixed global economic indicators, impacting the Australian market outlook.
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After the best week of the year, last week, markets have taken a nose dive. What is contributing to this decline? Join Laura and Stevie as they unpack the Australian stock market's rough start to the week, with the ASX 200 down by close to 1.5%. Gold Miners took the biggest hits with declines close to 5.5%, the worst session for Gold Miners as a group since late September, 2022.
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US investors remain cautious as they await critical inflation data and a Federal Reserve decision on interest rates, which are anticipated to remain unchanged this week. Last Friday’s stronger-than-expected US jobs report highlighted the resilience of the labor market, raising doubts about potential rate cuts in September. Major US stock indices saw modest gains, meanwhile political uncertainties in Europe following far-right successes in elections contributed to market declines. Australian shares are expected to follow this trend amid upcoming local business confidence surveys and fluctuating commodity prices, notably oil and iron ore.
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The Aussie market heads into the close on track to be the best week of the year. Laura and Stevie unpack this third straight day of gains as we hover near record highs and look at the part that international interest rate cuts played in this shift higher. Company news has been light today but energy stocks have seen some significant moves which they discuss, they look at the best and worst performers for the day and the week, and what could be expected to move markets as we head into the long weekend.
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Tom and Ryan are back for your Friday morning. The big news overnight, the Europeans cut rates. Although, it may be seen as a reluctant move. Wall Street takes a breather ahead of key jobs numbers and Aussie shares expected to open higher to end the week.
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Laura and Stevie are back today to unpack what they are calling a ‘cracker of a session’. The market is set to snap two weeks of losses as international rate cuts lift the mood for investors - a move which could spark discussions around local interest rate cuts. All sectors were higher today, they discuss the stocks that saw the most significant gains or losses and address the upcoming economic data that could move markets in the days ahead.
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The market saw a drop yesterday but today recouped those losses. Laura and Stevie unpack how data that differed from what analysts were expecting played a part in this shift and how this data could impact the next RBA meeting. Interest rates are back in discussion, each of the sectors are looked at as mining and technology stocks continue to take a hit, and they talk through the company news that moved markets today.
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Join Tom and Ryan as they discuss Wall Street's recovery on the back of softer employment figures, and the pressure on Aussie shares due to declining commodity prices. As the 5th of June unfolds, they delve into the implications of the Jolt Survey results, revealing the lowest level of US job openings in over three years, and what this means for the Federal Reserve's interest rate decisions. In Europe, markets faced downward trends with significant losses in energy stocks and commodities, while the local picture has the ASX 200 opening lower.
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The Aussie market has taken a breath following a couple of days of impressive gains. Laura and Stevie put mining and energy stocks under the microscope today as oil prices fell to their lowest in some time. Iron ore also has taken a tumble while gold miners are on the increase. They discuss the stocks that stood out today and look to the likely market movers in the day ahead.
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The first trading day of the month started off with some solid improvements today. Laura and Stevie unpack the international stocks that saw big moves across last month, and reflect on our local performance which has seen more timid growth. They look at the performance of each of the sectors, why Lovisa shares took a tumble, the factors that impacted gold prices, and what to watch in the day ahead.
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Wall Street surged with the Dow Jones up 1.5%, its best session since last November, following benign inflation figures, while the S&P 500 rose 0.8% and the NASDAQ ended slightly negative. U.S. inflation data showed modest increases, easing concerns and prompting modest bond yield declines. European markets were buoyed by the positive U.S. inflation news, although European inflation figures presented mixed signals. Aussie shares are expected to start the week positively as Sydney home prices hit record highs. In commodities, OPEC extended production cuts, supporting crude prices, while gold and iron ore prices saw minor declines.
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The market has finished the month on a positive note, ending the most recent losing streak by being up around 0.9% today. Some economic data out of China saw local markets dip momentary but this was quickly recovered. Laura and Stevie reflect on the performance of the local market over the month, and discuss interest rates, economic data that we are expecting next week, and the stocks which performed above and beyond today.
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US stocks ended lower due to investor caution ahead of key inflation data, with declines in the Dow, S&P 500, and Nasdaq. Bond yields saw modest drops, and US GDP growth for Q1 was revised down. Salesforce suffered its worst decline in nearly 20 years, while other tech stocks also fell. Oil prices dropped due to larger-than-expected stockpile declines, and gold prices inched up. The ASX 200 is expected to rebound after recent losses, supported by a stronger Aussie dollar.
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The market inches closer to a four-week low today. Laura and Stevie discuss the factors likely to impact how we round out the month, and the part that interest rate discussions, upcoming economic data, and market sentiment are likely to play in the coming days. They look at how each of the sectors performed today and discuss the stocks that caught their eye.
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Tom and Ryan dissect a turbulent day on Wall Street and its ripple effects on the Aussie market after yesterday's poor performance. Sticky inflation is in the spotlight, plus BHP’s decision to withdraw its $75 billion bid for Anglo-American, exploring the implications for the mining sector and what it means for global markets.
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Steve and Laura delve into a tough day for the Australian market as investors grapple with unexpected inflation data. The ASX200 plunged 1.3%, marking its worst performance in months. They analyse the factors behind this decline, focusing on the surprise jump in April's inflation rate to 3.6%, which has fuelled concerns over prolonged high interest rates. There were broad market losses across all 11 sectors, with significant hits to consumer staples, discretionary, industrials, and financial stocks.
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US markets didn’t return refreshed from their long weekend. Tom and Ryan discuss this sluggish performance, the lift in treasury yields, and the part that discussions around interest rate ‘hikes’ played in pushing interest rates higher. They look at the economic data set to influence local markets today, and the current standing for the Aussie dollar.
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The market has remained cautious today. This could partly be down to closed international markets but is also likely the result of upcoming inflation data. Laura and Stevie discuss this sentiment, and how tomorrow’s data could move markets. They look at the market moving stocks from today and what to expect as the markets that have remained closed internationally reopen.
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Despite muted trading in the US overnight by virtue of a public holiday, US futures were up slightly. Plus, Ryan and Tom break down a key change in the US stock settlement process, moving from a two-day to a one-day settlement cycle, aimed at reducing risk and increasing market liquidity. European markets rose, buoyed by positive business sentiment and expectations of future interest rate cuts from the European Central Bank. In Australia, the ASX200 is set to rise, supported by commodity price movements and April retail sales data.
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While the market ended down last week it is today back on the incline. Laura and Stevie reflect on what has been a positive last few months for the market, and talk through the stocks that aided the rebound today. They look at the upcoming economic data to expect as the US and UK market are set to remain closed, and what to expect locally tomorrow.
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Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets. US markets ended on record highs last week helped by the outlook for inflation. With a public holiday for the US on Monday, the main focus this week is on inflation, with expectations for a small rise in the personal consumption expenditures price index. European markets reflect on higher inflation numbers in the UK and uncertainty over interest rate cuts. Australian shares end down, but the market seems more focused on the moderation in different parts of the economy rather than the challenging inflation outlook. Commodity prices are mixed, with oil and iron ore prices under pressure. Lend Lease plans to sell $4 billion worth of international assets and end its overseas construction divisions.
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It was another rough session for the Aussie market as interest rate concerns remain on the radar. Laura and Crag reflect on the week, and the impact that US economic data had on the Aussie market today. They discuss the stocks that caught their interest today and what the weekend could bring to the table.
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Wall Street declined as stronger-than-expected economic data raised concerns about prolonged high interest rates, with the S&P 500, Dow Jones, and NASDAQ all falling. Market volatility continues as investors react daily to new data, particularly the US Purchasing Managers Index showing the highest business activity in over two years, potentially increasing inflation. Rising US bond yields and a repricing of rate futures reflect expectations of limited rate cuts in late 2024. Sector-specific news saw Boeing's negative forecast impact the Dow, while Nvidia's strong performance buoyed tech stocks.
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The market is down leading into the close. Laura and Stevie look at what could have been behind this drop by diving into the two sectors that drove the decline, and the part that the US central bank minutes played as well. They look at the stocks that were the biggest movers today and look at the economic data to come in the day ahead.
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Join Tom and Ryan as they break the news on the highly anticipated earnings results of Nvidia released just minutes ago. Plus, they delve into the recent market movements influenced by the US Federal Reserve's latest meeting minutes, which indicated a more hawkish stance on inflation and interest rates, leading to a sell-off in US stocks. Target was the big looser of the night, as well as outlooks for two rate cuts this year, with analysts projecting just one on the horizon this year. Tom and Ryan also give the latest updated on BHP's takeover bid for Anglo-American, having been given one more chance to put together a more attractive binding offer.
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The market remains cautious this week. Laura and Stevie reflect on this breather and look at how it performed today. They look at the New Zealand interest rate decision, the performance of each of the sectors and the stocks that received attention. Telstra and Webjet are among those discussed, and they also look at what could be on the cards in the day ahead.
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Join Tom and Ryan as they discuss Wall Street's latest record highs, with the Dow, S&P 500, and NASDAQ posting modest gains. They explore Nvidia's upcoming earnings report, which is anticipated to show substantial revenue growth driven by high demand in the data-center business. They also highlights the Federal Reserve's cautious stance on inflation, the latest movements in commodity prices, and updates from major companies like Amazon, IBM, Tesla, and Palo Alto. Additionally, they touch on the Reserve Bank of New Zealand's interest rate decision and the economic landscape in Europe and Canada, offering insights into various market dynamics and expectations for the local Australian market.
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The market ran out of steam today following a run toward record highs. Laura and Stevie reflect on the strong run that we have seen, and how the lack of economic news is fuelling this wait and see moment for the market. They explain the impact of the recent budget announcement, the performance of stocks in the materials sector which have seen a drop back following recent highs, and why Star Entertainment and Telstra made headlines today.
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The AI boom is continuing to move markets according to Tom and Ryan, with anticipation mounting for Nvidea's earnings report due tomorrow. Across the board, US stocks showed mixed outcomes with the Dow Jones and S&P 500 down slightly while tech stocks like the Nasdaq and Philadelphia Semiconductor Index rose. European markets saw moderate gains, led by aerospace and defense sectors amid geopolitical tensions, with miners benefiting from rising copper and gold prices. The Reserve Bank of Australia's meeting minutes highlighted inflation risks and a high bar for rate hikes, while the Australian dollar fell despite higher iron ore prices.
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Laura is back alongside Stevie today on a day where the market is in the positive. The ASX was today within half of a percent of a record high. They unpack the catalysts for this including US inflation data and look at the performance of each of the sectors. Star entertainment has skyrocketed around 20% today, they discuss this and some of the other big movers while looking at what could be on the way for the day ahead.
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The Aussie market is opening to mixed signals from Wall Street, where the Dow closed above 40,000 for the first time. Excitement surged as Reddit's stock jumped 10% following a new AI partnership with OpenAI, and Nvidia's sky-high earnings expectations underscored the booming AI sector. European markets softened amid stable inflation but anticipated rate cuts, while the Australian market edges towards record highs driven by positive Chinese industrial production and massive government intervention in its property sector. Amid rising oil and gold prices and a slightly stronger Aussie dollar, all eyes are on the earnings reports from Elders and Xero, set to steer the tech sector's course.
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The market has ended the week with a pause. Craig joins us solo to look at the international data that likely drove this stall, and to reflect on a week which saw impressive highs yesterday. Craig looks at the big movers from today, the company reports which influenced these moves, and what could be on the horizon before next week.
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Craig joins us solo today on a day when the market is at record highs. He unpacks the data overnight that catapulted local markets deep diving into interest rate cuts, higher than expected jobs figures, and what to watch in the day ahead.
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US indices soar to unprecedented heights on the heels of surprising CPI figures, signaling potential rate adjustments according to Tom and Ryan. With tech surges and retail eyes on Walmart, markets react to US economic data. European markets remain steady as commodities gain ground amid a dollar dip. Anticipation mounts for the Aussie market as the ASX 200 is poised for gains and the Aussie dollar hits a four-month high, closing strong
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Aussie job figures and US inflation has investors watching closely today. Craig and Steve look at how this upcoming data could impact the local market and of course deep dive into the outcome of the federal budget. They discuss how the market reacted, what the outcomes could do to inflation, and the state of the Aussie market as a result. They also look at the day ahead, discuss the stocks that saw the most attention today, and unpack the performance of each of the sectors.
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The market has remained quiet today as investors wait for the coming data influx later this week. Craig and Steve chat through those upcoming market movers, in particular the federal budget and US inflation data. They discuss some of the speculations, the stocks that caught their eyes today, and what to watch in the hours ahead.
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US investors tread cautiously ahead of pivotal inflation figures, setting the tone for a mixed start in Australia where BHP faces rejection from Anglo-American for the second time. Hosts Tom and Ryan navigate through the day's market movements, from modest shifts in US indices to European markets' softness, unpacking corporate highlights including Apple's tech ambitions and Walgreens' strategic moves. The spotlight shines on the Australian budget forecast, revealing a clash between Treasury and Reserve Bank on inflation outlooks.
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Last week was great for Aussie investors but this week has kicked off a touch more cautiously. Craig and Steve discuss this breather and look at the meaningful market movers that are going to come through in the days ahead including the federal budget. They discuss if rate cuts are still on the agenda, the two companies that most heavily weighed on the Aussie market, and what to expect in the day ahead.
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From Wall Street's cautious optimism to the European markets' record highs, Tom and Ryan cover it all, including intriguing tidbits like McDonald's $5 meal deal and China's economic indicators. With the Aussie shares poised for a dip and key inflation data looming, this week is set to have analysts on their toes!
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The market managed to claw back some of yesterday’s losses today. Laura and Stevie reflect on what overall has been a positive week – the best since late March and look at the performance of each of the sectors. They discuss the big movers of the week, the data that has come out that has influenced these shifts, and look at what could be on the cards for the local market across the weekend.
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Join Tom and Ryan as they delve into the impact of rate cut expectations on Northern Hemisphere stock markets, dissecting the implications of jobless claims and employment trends for investor sentiment. Despite reporting strong quarterly performance, including a near-doubling of earnings per share and record-high bookings, Airbnb's stock fell by 7%, highlighting the market's sensitivity to forward guidance from companies. The ASX is expected to end the week higher, driven partly by positive earnings results from companies like Life360 and QB Insurance
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It has been an ugly day for the market today with declines across the board. Laura and Stevie discuss this abrupt end to the gains, look at the international economic data that could impact markets overnight, and pre-empt the week ahead which will be rife with local data. They look at the winners and losers in each of the sectors with a quarter of the market’s losses related to one company, and what could move markets tonight.
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It has been an ugly day for the market today with declines across the board. Laura and Stevie discuss this abrupt end to the gains, look at the international economic data that could impact markets overnight, and pre-empt the week ahead which will be rife with local data. They look at the winners and losers in each of the sectors with a quarter of the market’s losses related to one company, and what could move markets tonight.
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As US markets tread cautiously in anticipation of forthcoming inflation data, the spotlight shifts to Sweden's unexpected interest rate cut by the Riksbank, signalling potential ripples across commodities and mining sectors.
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As US markets tread cautiously in anticipation of forthcoming inflation data, the spotlight shifts to Sweden's unexpected interest rate cut by the Riksbank, signalling potential ripples across commodities and mining sectors.
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The market has remained stagnant today following several days of gains that saw the market up 3%. Laura and Stevie discuss the slow to this winning streak, look at some of the big movers both internationally and at home, and unpack what to expect overnight.
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The market has remained stagnant today following several days of gains that saw the market up 3%. Laura and Stevie discuss the slow to this winning streak, look at some of the big movers both internationally and at home, and unpack what to expect overnight.
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With US stocks consolidating and Aussie shares expected to build on recent gains, the focus is on the Reserve Bank of Australia's surprising decision regarding interest rates. Despite an upgrade in inflation forecasts, the RBA maintained a neutral stance, leaving investors grappling with mixed signals. Tom and Ryan dissect the complexities of the RBA's messaging and its implications for market sentiment.
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US investors return with optimism, driving a positive start to the week with the Dow Jones, S&P 500, and NASDAQ all posting gains. The Philadelphia Semiconductor Index also sees a notable rise. Amidst discussions on potential interest rate cuts by the US Federal Reserve, Tom and Ryan navigate through the intricacies of market sentiment, buoyed by solid earnings reports and geopolitical developments, including a ceasefire proposal in the Israel-Hamas conflict. And attention shifts to Australia's Reserve Bank today, set to announce its interest rate decision against a backdrop of strong domestic inflation and tightening job market conditions.
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There has been another small lift for Aussie investors to start the week – a third consecutive trading day of gains. Craig and Steve unpack this and discuss the market sentiment as an interest rate decision nears. They look at the performance of each of the sectors, talk through the stand out stocks that have caught their eye, and look at the economic data to expect in the coming day.
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Join Tom and Ryan as they deep dive into the impact of falling bond yields and interest rate expectations on Australian shares, particularly emphasising the potential implications for property, technology, and consumer discretionary stocks. They analyse Wall Street's recent surge following hints of a potential softening stance on US inflation in the wake of Friday's job data, and speculate on the Reserve Bank's stance at this week's meeting. Additionally, they discuss corporate earnings reports, focusing on Westpac's anticipated results and the broader performance of the financial sector.
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Craig joins Laura once again today on a day that was positive for the Aussie market with a second straight run of gains following the mid-week falls. They unpack the latest economic data, look at the stocks that saw large movements today, and pre-empt what could be on the cards across the weekend.
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Tom and Ryan delve into the resurgent technology sector leading Wall Street higher, with a focus on US Federal Reserve Chair Jerome Powell's reassuring message to markets. They dissect the impact on rate-sensitive technology shares, Glencore's rumoured interest in entering the Anglo-American takeover discussion, and the release of US non-farm payroll figures.
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The US markets caught attention last night with interest rate discussions suggesting that it isn’t all doom and gloom. Laura and Craig discuss this announcement which ruled out rate hikes, how the jobs figures could shift the Aussie market at the end of the week, and the performance that we saw today.
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In a whirlwind day on Wall Street, investors hang on every word from Jerome Powell, causing a roller coaster of market reactions. Meanwhile, Aussie shares brace for a lower opening amidst anticipation for National Australia Bank's key earnings report.
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The market has declined today following in the footsteps of international movements. Laura and Stevie recap the sector performances of the past month and then look to their performance today. They talk through some of the big market movers for the day and look to what could lie ahead for the Aussie market ahead of upcoming international announcements.
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US stocks faced downward pressure overnight due to reinvigorated inflation concerns, leading to expectations of a similar trend in Aussie shares, anticipated to start May on a negative note after experiencing their worst month since October. Stronger wages data in the US fuelled fears of inflation and prompted a downturn in the stock market, which could result in a hawkish pivot by the US Federal Reserve at tonight's meeting. Tom and Ryan also discuss developments in commodity markets, such as fluctuations in oil and gold prices, along with Australian home price data and the ongoing BHP-Anglo American deal.
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US key earnings results and market moving data are expected this evening, Craig and Stevie discuss what investors should be watching and the impact that this could have on the market. While performance has been mixed today, they unpack each of the sectors looking at the big winners and losers, give an update on interest rate expectations, and what to expect in the days ahead.
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Amidst a bustling week of corporate updates, Wall Street sees incremental gains, pushed by Tesla's remarkable overnight surge of 15%. The Dow Jones edging slightly upward and NASDAQ following suit, while retail spending data and promising earnings reports fuel investor optimism. Despite ongoing pullbacks, market sentiment remains buoyant with the majority of US companies surpassing expectations. Anticipation builds as Amazon prepares to report earnings, though Apple faces anticipated challenges.
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The nasty falls of last Friday have seen some recovery following US performance over the weekend. Laura and Stevie unpack this US performance and the inflation data that drove those moves. They look to local markets where the majority of the sectors are in the green, talk through some of the big movers, and what to expect for the week ahead.
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Aussie shares are anticipated to make a comeback after Friday's turmoil according to Ryan and Craig, buoyed by Wall Street's stellar performance, which marked its best week since November. The investment in AI and cloud computing seems to be paying off with gains from Microsoft, Amazon and Nividia, albeit Apple experienced a decline. The US central bank is due to meet again, with analysts expecting rates to hold steady, echoing the concerns that inflation is here to stay until at least September.
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Despite the public holiday yesterday and school holidays which would usually result in a quiet week the market was anything but quiet. Laura and Stevie unpack the declines on a day that has seen movement amid interest rate conversations, the US data that also played a part, and look at some of the big movers – one in particular playing a huge part in the losses of today.
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Join Ryan and Craig as they dissect the market implications of BHP's bold bid to take over Anglo American, with a keen eye on the copper market. Stagflation is on the minds of analysts as inflationary pressures persist, while the facebook parent company Meta stumbles in revenue, alongside IBM and Caterpillar's. AstraZeneca however made an ascent, while Alphabet rockets skyward with a breathtaking 12% surge.
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The market ran out of steam today as trepidation prevailed following quarterly inflation data. Laura and Stevie discuss the impact that this data had on the local market and what this could mean for interest rate decisions. They unpack each of the sectors, look at the company updates that shifted stocks today, and what to expect for the remainder of the week.
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Join hosts Ryan and Tom as they unpack Wall Street's overnight climb and the expected lift the Aussie market could see as earning's from S&P500 companies are made public. All eyes though are on the consumer price index with projections indicating a 3.8% underlying rate of inflation,
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US markets lifted last night and the Aussie market has followed suit as it continues to bounce back from the tumble of last week. Laura and Stevie again reflect on the role that interest rate discussions continue to play, discuss the quarterly inflation data that we can expect out this week and the impact that could have on the market, and discuss the negative market sentiment despite many of the sectors today being in the green.
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Join Ryan and Tom as they anticipate an eventful week ahead in the markets, featuring earnings reports from 180 S&P 500 companies and crucial inflation data. Tesla's downward trend persists, reaching a 15-month low, while momentum builds following Friday's significant sell-off.
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Last Friday we hit a 2-month low on the market, Laura and Craig unpack how the market has shifted since that session in light of the ongoing geopolitical conflict and continuing discussions around interest rates. They look at the individual stocks that have made moves today and look at what could be on the slate in the day ahead.
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Geopolitical tensions are front of mind for many investors at the moment as they played a part in driving Aussie stocks lower over the weekend. Tom and Ryan reflect on the strength of the past two quarters and investigate this tumultuous period on the market alongside the headlines to see if there could be more to it. They look at data that could shift the market in the coming week, the relationship between bonds and stocks, and performance of the European markets.
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The gains of yesterday have been wiped out today. Laura and Stevie reflect on a nasty session for a market that has only seen one improvement in the past eight days. The conflict in the Middle East is playing a part in these declines, as are inflation and interest rate discussions. They reflect on a tumultuous week that has resulted in all sectors declining and pre-empt what could be on the cards in the days ahead.
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The stock and interest rate dynamic is in focus once again following manufacturing data released overnight. Tom and Craig unpack international market performance analysing the overall trend of cautiousness, discuss the earnings data released by Netflix which saw subscriber numbers skyrocket, and look at what could be on the cards for the Aussie market today.
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The losing streak has come to an end today despite falling US markets, Laura and Stevie unpack this shift which may have been influenced by jobs data released today. Most of the sectors are in the green and so they look at these gains, check out some of the big movers and look at what is coming before the weeks end.
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Tom and Craig join you this morning to unpack a market that investors are struggling to feel confident within. Concern around interest rates has seen international markets remain flat or decline overnight. Tom and Craig discuss the Beige Book in relation to this, look at some of the winners and losers on the market overnight, and preempt what to expect locally today.
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The Aussie market has remained flat following the significant tumble of the past few days. Laura and Stevie unpack this directionless session with rate cut discussions still in focus - albeit bringing no new surprises to the table. They look at the best and worst performers across the sectors, the companies that paid dividends today, and what is to come in the day ahead.
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Fed Chair Jerome Powell dropped hints about delaying rate cuts, possibly causing Aussie shares to dip, but the market stayed relatively calm. The question now is - will it stay that way? United Health scored big with revenue just shy of a billion, while Johnson & Johnson stumbled a bit. Tesla's still feeling the squeeze thanks to company-wide layoffs, and in Europe, they're eyeing rate cuts for June despite expected delays in the US, setting the stage for potential market divergence.
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The Aussie market has continued to drop today making for one of the worst days this year. Laura and Stevie unpack this two month low looking at what has driven the decline, with US and China data leading the charge. All sectors are down, more dividends are paid out, and they look at the upcoming data that could move markets.
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Despite expectations, retail spending surged in March, particularly among lower income earners, defying projections according to Tom and Ryan. The S&P500 experienced a significant overnight fluctuation, initially rising close to a percent before ultimately falling by 1.2%, signalling unpredictable market behavior. Today, Chinese production data is set to be released, with investors nervous as to how this could impact the ASX.
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The market continued the three-day decline today following what has been months of gains. Laura and Stevie unpack the drivers that have knocked the market and sent 9 of the 11 sectors into the red. Tensions in the Middle East and US bank data are discussed, and The Star Casino is back in the headlines. Laura and Stevie also look at the upcoming market movers in the days ahead, and the dividend payments to expect.
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The spectre of instability in the Middle East loomed large over the weekend, with analysts pointing to it as one of the primary factors affecting market sentiment. Adding to the economic uncertainty, interest rates dipped and bonds followed suit, reflecting investors' cautious outlook.
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Friday finishes with a modest improvement from last week. Laura and Stevie reflect on the past few days which were fuelled by conversations around inflation and rate cuts, look at why the majority of the sectors are falling, and unpack the winners and losers. US earnings data could impact the days ahead, and they look at the most important thing to watch locally next week.
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Despite initial predictions of a downturn, the Aussie market defied expectations, avoiding a significant fall. Tech-related stocks regained strength following the release of producer data, and bond traders are strategically positioning themselves for the likelihood of interest rates remaining elevated.
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Stevie and Laura let out a sigh of relief with the Aussie market closing better than expected following hair-raising inflation data out of the US that left many investors spooked. However, hopes for a June rate cut have been completely quashed, sitting at a mere 16% chance. In the Australian market three sectors saw gains, while interest rate-sensitive sectors like property and technology declined.
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Tom and Ryan join you fresh off the close of the US market this morning following hotter than expected inflation data that has likely quashed discussions of a rate cut in June. They unpack this data revealing how far from target it was, bonds are back in the conversation and they look at how market sentiment has shifted each of the sectors.
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The Aussie market has continued the 3-day winning streak today. Laura and Stevie unpack the inflation data that continues to impact market sentiment and run through the things to watch in the day ahead. NZ interest rates are discussed, they whip around each of the sectors, and the look at some of the big market movers for today.
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Hear from Tom and Ryan as they unpack the soaring trajectory of gold prices and how tomorrow's US inflation data could impact the market.
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Laura and Stevie start the episode today analysing a flat US performance and how that has impacted the Australian market in the past few days before unpacking the performance of each of the sectors locally. Iron ore prices receive attention as does lithium, and consumer confidence is put under the microscope.
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Wall Street ends on a flat note in anticipation of key CPI figures, as the Aussie market gains momentum. Bond yields continue their upward trend, signaling potential shifts in market dynamics, while the likelihood of a rate cut in June falls below 50%. Tesla shares see a boost after Elon Musk's robotaxi announcement but remain among the year's worst performers.
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The market was in decline last week but today has seen some modest gains. Laura and Stevie discuss the international jobs data that impacted the market and unpack the sectors, most of which have seen a raise today. Qantas’ revamped rewards program has resulted in gains for their shares today, and Beach Energy and Elders have gone the other way as two of the worst performers on the market.
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US stocks are rallying following a stronger-than-expected employment report, with Australian stocks poised for gains as well. The likelihood of a rate cut in June is diminishing, currently standing at 52%, as economic stability is bolstered by a rise in the labor force participation in March.
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The market stumbled after some small gains today. Laura and Stevie reflect on the holiday shortened week which hasn’t seen too many wins, unpack the volatility that we have seen, and look at what could impact markets over the weekend. Jobs data is in focus, they look at each of the sectors, and look at some of the best and worst performers.
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Aussie shares are on the brink of decline, mirroring the erasure of gains in the US market due to escalating oil prices. Amidst this downturn, investors are exercising caution, particularly in light of impending jobs data from the US, which could sway market sentiment. Levi's stocks have surged by 14% due to efficient cost-cutting measures and the introduction of popular clothing lines. Conversely, Lamb Western, bloc, and Ulta Beauty have faced setbacks,
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The market has started to bounce back today following a rough day yesterday. Laura and Stevie discuss the US data that drove this move last night. All of the sectors are up and so the winners get looked at across these and with more data coming out of the US in the night ahead Laura and Stevie look at what this could mean for investors.
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Following its worst session, Aussie shares are anticipated to stage a rebound, buoyed by renewed investor confidence. Meanwhile, Wall Street has found its footing after a brisk sell-off, offering a steadying influence on global markets. Investors are recalibrating their predictions on potential rate cuts, with a keen eye on how the US market responds and stabilises in the wake of this adjustment.
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It was the worst day in 3 weeks today for the Aussie share market following a strong run. Laura and Stevie look at what could have caused this shift and what it means in the grand scheme of things. They unpack each of the sectors – many of which are in the red, look at the stocks that continue to hold strong amid a falling market, and what to watch in the day ahead.
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What seemed like good news initially, now appears to have a darker undertone as economic data from the US suggests that three rate cuts may not be necessary after all. And, it's all eyes on oil for Tom and Ryan with prices inching higher, breaching the upper bound, currently at $85 a barrel.
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Laura and Stevie are back to recap the Easter break, and in a word it has been ‘quiet’. With many markets closed there was a quiet start, but they unpack why that isn’t something to be concerned about. The RBA minutes lead the conversation today as do interest cuts, and they look into what upcoming data could impact the market. The sectors get analysed, they look at the winners and losers, and some changes to wine tariffs that could be good news for investors.
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Laura and Stevie join us for the final trading day before the long weekend. The record high was cracked again today, aided by the US market and Australian inflation data. Off the back of a fifth straight month of gains Laura and Stevie look at the quarter as a whole, investigate how the sectors performed, and pre-empt what could be on the cards for the upcoming short week.
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Tom and Ryan reflect this morning on a quarter that has seen some huge wins and is expected to end up 3%. While each morning sees them in the weeds, today they look at the bigger picture unpacking the movers and shakers, looking at what to expect across the long weekend, and they also whip around the international markets.
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The market opened flat today and looked to continue that way until inflation data was released. This data inched the market closer to record highs, and Stevie and Laura unpack this data by delving into everything from petrol prices to Taylor Swift. They reflect on the mixed week that the market has seen, discuss the unpredictability of a shortened week, and look at some of the best and worst performers.
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The ASX could see gains today as key inflation data is set to be released, continuing the two-week long global focus on inflation. The US and UK markets are showing resilience, meanwhile the Swiss franc continues to face pressure since its rate cuts were announced last week. Could this be a warning of what's to come? Ryan and Tom break it down.
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The market experienced a rollercoaster ride recently, with yesterday inching close to a record high only to retract gains today. Despite encouraging numbers indicating a decrease in inflation, consumer sentiment data reveals ongoing concerns about the cost of living among Australians.
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US markets have lacked movement in either direction despite a positive week last week. Tom and Ryan unpack what to expect as the likely market movers across this short week, discuss bond yields, and look into how oil prices could impact Australian markets today.
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It may be a short week but it won’t be a week that is short of action! Stevie and Laura talk through what to expect and unpack each of the sectors on a day where the Aussie market neared a record high. They run through the winners and losers on the market today, lithium is back in focus, and they look to the day ahead.
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Last week's rollercoaster ride through the financial markets left investors reeling. What began as a promising surge ended on a surprisingly damp note. Amidst predictions of imminent rate cuts, the Federal Reserve's reassuring words sent the S&P 500 soaring to its best week of the year. However, skepticism lingers among observers regarding the feasibility of rate cuts, contrasting with the bond market's seemingly optimistic stance.
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It has been an ‘everything but the kitchen sink’ kind of week this week. Craig and Laura unpack the how international markets impacted Australia and ultimately resulted in a damp end to the week for investors. The economy and interest rates remain in focus, dividends are under the microscope, and they look ahead to the coming days.
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There were big gains in the US market overnight as the Swiss national bank became the first central bank to cut rates - stealing everyone else's thunder. And although market's across Europe reacted positively, there were tumbleweeds here is Aus, baffling Tom and Ryan.
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It was a busy day in terms of economic data and that has driven the stock market today. Laura and Stevie unpack the moves on what is one of the best days that we have seen recently. They address interest rates and what could be on the way there, employment figures, and look at what to expect in the coming days.
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Tom and Ryan unpack the recent US interest rate decision, which saw rates remaining unchanged but with promising remarks hinting at potential cuts, igniting positive market reactions. Despite initial speculations, analysts now foresee three rate cuts in 2024, fuelling investor optimism and propelling the S&P500 index to record highs above 5200 points, with Paramount leading the charge.
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It's been another uninspiring session today, breaking the two day streak of modest gains. But there's still lots to look forward to according to Laura and Craig. Tomorrow, the US Federal Reserve will announce its decision on inflation, potentially sparking market movements across the globe. The big winner today was energy, while a retirement announcement saw the world largest consumer packaging company crowned as the losers.
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NVIDIA made headlines overnight. Tom and Ryan discuss the announcement that saw them in the spotlight and how it impacted markets. They deep dive into interest rate discussions, whip around the international markets, and unpack the impact of yesterday’s RBA meeting.
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The RBA took center stage today with its latest interest rate decision, maintaining the status quo by keeping rates on hold. While this outcome was expected, the market responded with a mix of excitement and volatility. Delving into the depths of the RBA's 700 page document, Stevie and Laura uncover the hints suggesting a potential rate cut could be looming on the horizon.
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The US market is up this morning as Tom and Ryan unpack the big movers looking at why they have seen the gains or losses that they have. They discuss the heights of the oil price, the upcoming RBA decision, and the meetings that could impact the market in the day ahead.
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After last week's lacklustre performance, momentum has been rising at a snail's pace, but with exciting events on the horizon - aka interest rate decisions - Stevie and Laura are looking ahead.
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US markets are in focus this morning with Tom and Ryan as they recount the continuation of market drops over the weekend. They discuss investor sentiment in the current climate, the impact of energy price rises on the various sectors and ultimately the market, and share their expectations for Australian investors this week.
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The market ended the week with some steep losses after only three sectors managed to gain. Today, Laura is joined by Craig to discuss who was in the news today, which sectors managed to lift and what data to look out for next week.
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US stocks are lower today following warmer than expected inflation data. Tom and Ryan discuss the possibility of rate cuts amid the current climate, unpack the rising house prices in the US, oil demand, and address the outlook for a lower Australian market this morning.
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The Aussie market was lower after a session dominated by two sectors. Craig and Stevie are back to discuss what impacted these sectors, which company is buying back their shares and which Telco was boosted after landing a significant contract today?
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U.S sharemarkets are mixed as investors continue to digest inflation data. European shares hit record highs. Copper soars to eleven month highs on Chinese output cuts while oil jumps 2% to four month highs. Plus this mornings AUD.
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Craig joins Laura today to unpack the market on a day where lithium stocks were in focus. US inflation data failed to impact the market too much today despite that data being hotter than expected. They share predictions around the commodity sector and for the day ahead.
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The NASDAQ rises 1%, traders keep rate cut bets. Ryan and Tom review hot U.S inflation figures. Chip stocks lead gains in U.S share markets. Plus this mornings commodities and the AUD.
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The market was largely flat on Tuesday with the energy sector leading the falls. Join Laura and Stevie as they discuss why the Aussie market is bracing for US inflation data, which stocks are trading ex-div this week and what to look out for over the coming week.
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The S&P 500 and Nasdaq dipped as investors brace for U.S inflation data. Meanwhile artificial intelligence and mega cap growth stocks continue to decline. Ryan previews Aussie consumer and business confidence data. And iron ore plunges 7%. Plus this mornings AUD.
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Join Stevie and Laura as they discuss what's been the worst ASX's worst performing day in almost a year.
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Wall Street ends lower despite improved prospects of rate cuts. Leading tech names moderate following mixed earnings. Futures point to a lower open for the Australian market. Plus this mornings commodities and the AUD.
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Today, the Aussie market hit another record high with 10 out of the 11 sectors showing gains. Stevie and Laura return to discuss the factors that contributed to today's gains, the company that received a premium takeover offer, and what's on the agenda for next week.
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The S&P 500 hit record highs as chip stocks extend rally. Meanwhile the European Central Bank moves closer to rate cuts. Novo Nordisk shares jump on the back of promising weight loss trial results. Plus this mornings commodities and the AUD.
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The market finished up today with all but two sectors finishing higher. Stevie and Laura discuss how data out of China impacted our market, which stocks trading ex-div dragged the market today and the airline promising pets on board flights.
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Wall Street pushes higher as investors take comfort from Fed Chair speech. Aussie shares set to kick off in positive territory. Miners in focus following a commodity rebound. Plus this mornings commodities and AUD.
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It was a flat performance once again today. Laura and Stevie unpack what may have been behind this cautious market by deep diving into the economic growth figures. They discuss each of the sectors, the recent gains in the gold, and look at what could impact the market in a big day ahead.
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Apple shares drop as iPhone sales decline in China. Meanwhile Tesla shares slip after a suspected arson attack. Bitcoin and Gold hit record highs. Plus this mornings commodities and the AUD.
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The market fell today with 7 of the 11 sectors lower today. Join Stevie and Laura to discuss which sectors did well today, what led to the market falling and which companies are about to go ex-div.
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Wall Street slips after a record breaking rally. Apple is fined by the E.U for using the App Store to thwart competition. Tesla drops the most since January and gold hits a 3 month high. Plus this mornings commodities.
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Another day, another record high for the ASX200! Stevie and Laura break down who were the winners and losers today, which sectors performed well and what economic data to look out for this week.
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U.S stocks hit new record highs. Moderating growth outcomes stoke hopes for rate cuts. The Aussie share market looks pensive ahead of growth numbers later this week. Plus this mornings commodities and the AUD.
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The market started March off strong, hitting another record high for a second consecutive day. Craig and Steve discuss what sectors did well today, what companies we’re going to get profit results from next week and what economic data to look out for.
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Wall Street mixed as investors assess inflation data. Advanced Micro Devices hits record highs on the back of an A.I rally. Aussie home prices lift at the fastest pace since October. Plus this mornings commodities and the AUD.
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The ASX200 hit a record high just before market close today and Laura is joined by Craig to discuss what led to these results. They discuss which company topped the winners list, who fell due to the success of a weight-loss drug and what’s coming up at the end of the week
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Wall Street moderates ahead of key inflation figures. Local stocks seen opening lower as we move into the final stages of the reporting season. And the AUD remains under pressure following cooler inflation numbers. Plus this mornings commodities.
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There’s little to show for the choppy day of trading today, with yet another session closing flat which according to Stevie and Laura, isn’t a big surprise. Inflation data was also handed down today which had little impact on the market, standing at 3.4% compared to the 3.6% that was expected. Winners of the day were telecoms and energy, while Lithium stocks fell.
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Wall Street waivers ahead of key inflation data. Oil prices rise as OPEC considers extending output cuts. Ryan previews Aussie inflation data. Plus this mornings commodities and the AUD.
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Another day has been added to the winning streak with the market ending higher on Tuesday. Today, Stevie and Laura chat about what stocks caught their eye, which sector had the biggest impact on the market today and what to look out for over the rest of the week
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Wall Street is mixed ahead of a key inflation test. Meanwhile Domino's pizza beats Wall Street expectations. Ryan previews Woodside Energy’s earnings results. Plus this mornings commodities and the AUD.
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In todays episode, Stevie and Laura discuss why the market finished flat, which sectors did well and what to look out for this week.
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U.S stocks consolidate on Friday following strong gains earlier in the week. Investors look ahead to key inflation figures locally. And the ASX 200 set to kick off marginally higher. Plus this mornings commodities and the AUD.
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Stevie and Laura return with the final update of this week, on a day when the market closed higher. They discuss the stocks that influenced the US stock market, the companies that posted unexpected profit results, and what to anticipate for the next week.
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A.I poster child NVIDIA’s bumper results propelled U.S shares to record highs. Moderna popped 15% after the company posted a surprise profit. European share markets closed at all time highs. Plus this mornings commodities and the AUD.
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The market closed mostly flat today, gaining by under 3 points. Today, Laura is joined by Craig to chat about profit results, which US company might impact markets tomorrow and which companies faced cost of living pressures.
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Wall Street tumbles ahead of A.I darling NVIDIA’s results. U.S Federal Reserve officials flag risks of cutting rates too quickly. And European miners are under pressure. Plus this mornings commodities and the AUD.
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The market has had another down day today. Laura lifts the vibe with a joke to start and her and Stevie unpack the second day of losses as markets dance around record highs. They deep dive into the corporate earnings that were released today, the three sectors that saw gains, and look to what could be ahead for the market.
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Chip maker NVIDIA leads a tech decline. Meanwhile retailer Walmart hits record highs. Ryan previews Aussie wages data. Plus this mornings commodities and the AUD.
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It has been a volatile day on the market today. Laura and Stevie investigate what caused these multiple movements with rate discussions back in focus, look at the winners and losers, and pre-empt what could happen in the days ahead.
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European sharemarkets hit a two year high. U.S financial markets are closed for presidents day. Tom and Ryan preview BHP’s results. Plus this mornings commodities and the AUD.
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The market closed mostly flat today after a big day of profit reporting. Stevie and Laura discuss which milk company performed well today, who is in trouble with the casino board and what’s coming up this week.
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The market seems resilient following hotter than expected inflation data out of the US. Tom and Ryan unpack this, discuss what it could mean for rate cuts, and look at what will likely impact the US market this week. They whip around some of the other international markets, discuss commodity prices, and look at what could be expected for the Aussie market.
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The market has closed in positive territory on Friday following multiple days of losses earlier in the week. Stevie and Laura discuss today's market movers, the unexpected way that Taylor Swift is impacting our market and what to expect in the week ahead.
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Wall St has pulled back some of the losses from earlier in the week amid a choppy market. Tom and Ryan unpack this volatility discussing the role that both inflation and an unexpected import price result have played. They discuss the stocks that saw the largest movements, look at what could happen on the Australian market today, and discuss the Aussie dollar.
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Laura and Stevie join us for the CommSec Market Update today as the market bounces back from a three-day decline. Aussie jobs growth is under the microscope after an unexpected result that has rate cut discussions back in focus. They unpack each of the sectors, look into the earnings results that shifted the market, and unpack what is to come in the days ahead.
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Wall Street regains footing after inflation fuelled rout. Lyft shares surge despite earnings error. U.K shares jump on steady inflation. Plus this mornings commodities and the AUD.
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It was another day of declines today with 9 of the 11 sectors finishing lower. Laura is joined by Craig to discuss who came out with profit results today, how the US inflation data impacted our market and which sectors dragged the market today?
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Wall Street falls as hot inflation data dampens early rate cut hopes. The Dow Jones index has its worst season since February 2023. Ryan and Tom preview the Commonwealth Bank's earnings results today. Plus this mornings commodities and the AUD.
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Stevie is joined by Craig today to discuss which sector weighed on our market today, the companies that released profit results and how data out of the US will impact our market tomorrow.
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The S&P 500 and Dow Jones indexes have both hit fresh record highs. Meanwhile NVIDIA beat Amazon’s market value. Ryan and Tom preview CSL’s results. Plus this mornings commodities and the AUD.
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Join Stevie and Laura as they discuss what ended the three day winning streak today, which companies we can expect profit results from this week and what to look out for over the week ahead.
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The S&P 500 closed above 5000 for the first time ever. Meanwhile market breadth suggests a narrowing rally. Ryan and Tom preview JB-Hi-Fi’s results. Plus this morning commodities and the AUD.
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The market has closed mostly flat today with 7 of the 11 sectors finishing in the green. Craig is flying solo today as he takes us through what we learnt from the RBA today, which sector dragged the market and what we can expect from next week.
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The S&P 500 hovers near the 5000 mark with earnings in focus. Meanwhile Disney surges after beating earnings estimates. Oil jumps 3% on Gaza ceasefire rejection. Plus this mornings commodities and the AUD.
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The market has risen for another session, although sectors ended mixed. Today, Laura and Craig discuss which companies had news today, what we heard from China, and what's coming up at the tail end of the week?
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The S&P 500 index reaches for 5000 points. The team look at the U.S treasury’s biggest ever ten year auction. Ford Motor shares lift on a bumper result. Plus this mornings commodities and the AUD.
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Laura and Craig are back for your market update today with a turnaround fuelled by some of the smaller stocks seeing the market in the green. Mining is the focus of conversation today, an announcement around a NAB retirement impacted their share price, and Spotify stocks saw an increase.
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Wall Street was mixed with a focus on earnings and rate cut expectations. Meanwhile music streaming company Spotify soars. And bonds rise after a 54 billion USD sale. Plus this mornings commodities and the AUD.
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The ASX200 finished lower today as the RBA held interest rates steady. Laura is joined by Craig to discuss which sectors led the declines, which stocks caught their eyes, and of course the key takeaways from the RBA decision.
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U.S share markets retreated from record highs as interest rates spike. McDonalds slides weighing on U.S markets. Tom and Ryan preview the Reserve Bank interest rate decision today. Plus this mornings commodities and the AUD.
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The market has fallen after hitting record highs last week and all but 1 sector ended lower today. Stevie and Laura discuss the winners and losers, Tuesday’s RBA decision and who is coming out with profit results?
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Wall Street hits new records despite strong jobs figures. Commodities challenged by a rising U.S dollar. Local shares set to start the week lower despite Wall Streets gains. Plus this mornings commodities and the AUD.
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The Aussie market had another record-breaking session after only one decline in the last 10 days. Today Stevie and Laura discuss the results of the US tech profit results, the sector which benefited from talks of rate cuts and what’s coming up next week
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Wall Street rebounds after a Fed driven selloff. Meanwhile big tech earnings are in focus today. The Bank of England puts interest rates under review. Plus this mornings commodities and the AUD.
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The gains have come to an end with the market closing lower today. Laura and Stevie discuss which stocks stood out to them today and what we can expect from the upcoming tech giants profit reports in the US.
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Wall Street edges lower after Fed indicates no rush to cut rates. Alphabet and Microsoft are lower as well following earnings results. Local stocks are expected to kickoff in negative territory. Plus this mornings commodities and the AUD.
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An exceedingly anticipated update on inflation acted as the catalyst today for what was a record high for the market. Laura and Stevie discuss the inflation data, deep dive into each of the sectors which all finished the day in positive territory, and look at what is to come overnight.
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Wall Street fluctuates as Microsoft and Alphabet earnings awaited. Solid U.S jobs and consumer confidence data ahead of Fed Reserve decision. Aussie investors to focus on consumer price data released today. Plus this mornings commodities and the AUD.
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It was yet another day of gains for the ASX200, with the sectors ending mixed. Today, Laura and Stevie talk about which stocks did well, what company news we can expect to hear and retail spending data over December.
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Investors opt for caution ahead of U.S interest rate decision. China’s Evergrande set to be wound up as investors brace for impact. Local shares to creep higher at the start of trade on Tuesday. Plus this mornings commodities and the AUD.
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Business is back to usual for the new year as the Aussie market edges closer to a record high. Join Stevie and Laura as they discuss the sectors that performed well today, the top-performing stock and what investors should watch out for this week.
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U.S stocks keep record levels in sight, helped by better inflation figures. AMEX shares soar on better than expected earnings. Investors look ahead to a U.S interest rate decision. Plus this mornings commodities and the AUD.
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Stevie and Laura are back for the market close update to discuss the drivers behind Thursday's market gains, which stocks stood out and what to look out for over the long weekend.
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U.S shares lift in response to solid earnings by Netflix. Meanwhile China eases monetary policy. Commodity prices were mixed despite a weaker greenback. And the AUD is back near US66 cents. 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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While only by a small margin the market maintained its winning streak today. Laura and Stevie are back with the mining sector being the focus of conversation as it drove the market. They investigate the sectors in detail, discuss the stocks that saw the biggest movements, and reveal the results and happenings that could impact markets over the next 24 hours.
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U.S shares mixed as investors respond to latest earnings results. The Aussie dollar is softer against a softer greenback. Plus speculation of a large Chinese economic stimulus package.
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The Aussie market crept closer to a record high today. Laura and Stevie join us for the CommSec Market Update to unpack the three-day winning streak and look at how each of the sectors performed. They discuss the stocks that saw the biggest moves and look at what could be on the way in the day ahead.
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Fresh record highs for the Dow Jones and S&P 500. Meanwhile U.S bond yields dip slightly. Oil prices lift after a drone attack on a Russian oil facility. Plus this mornings commodities and the AUD.
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Laura and Stevie are back for your CommSec Market Update as the market improves for a second day. Interest rate decisions in China are part of the conversation today, they also look at each of the sectors with nine of them seeing gains, and pre-empt what could impact the market in the day ahead.
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The S&P 500 notches its first record close in two years. Semiconductor and technology shares hit all time highs. Ryan previews South32 production results. Plus this mornings commodities and the AUD.
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Following five days of losses the market has had the best day in five weeks. Laura and Stevie deep dive into the movements that we saw breaking down each of the sectors with utilities being the only one that saw a loss. They discuss the big movers in the market and look at what could impact prices in the days ahead.
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Chip makers and mega cap stocks power Wall Street higher. European shares advance on a luxury goods rally. The U.S dollar is up for a fifth straight session. And Ryan previews Whitehaven coal production results.
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It was yet another day of declines for the Aussie market today with 9 of the 11 sectors falling. Laura and Stevie are chatting about what factors are contributing to the ongoing declines, which companies were in the news today and what investors can look out for in the coming days.
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Wall Street slides as bond yields dent mega caps after retail sales data. The U.K FTSE 100 Index hits a 7 week low as inflation climbs. Iron ore prices fall for 8 out of 10 days and Craig previews Aussie jobs data. Plus this mornings commodities and the AUD.
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The market was in its fourth straight day of declines today. Laura and Stevie join us for the CommSec Market Update to unpack the past 24 hours which saw the US markets back online and mixed data out of China. They also look at the day ahead and what could impact the market.
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Wall Street slips as big banks drag. Bond yields soar as interest rate cut enthusiasm abates. Ryan previews evolution mining production update. Plus this mornings commodities and the AUD.
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It was a third day of losses with all 11 sectors in the red. Today, Laura and Stevie talk through what caused the market to fall, which companies are facing potential trouble with the ACCC and what we can expect from the rest of the week?
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European markets close lower as Davos kicks off. Euro zone bond yields rise after ECB warns on premature rate cuts. U.S share markets closed for Martin Luther King Junior day. Plus this morning commodities and AUD.
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The market has started off the week flat, ever so slightly in the red. Join Stevie and Laura as they discuss which sectors did well today, who were the winners and losers and what can we expect up ahead?
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A mixed finish on U.S share markets on Friday. Meanwhile oil and gold prices rose following ongoing Middle East instability. U.S financial markets are closed today for public holiday. Plus this mornings AUD.
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The market has finished lower with 7 of 11 sectors dropping today. Join Stevie as he discusses what led to todays falls, who were the winners and losers and what we can expect over the weekend and next week.
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Wall Street drops as inflation data dulls rate cut hopes. U.S inflation rises to the highest level in 3 months. Ryan previews U.S bank earning results. And oil rises as Middle East tensions surge. Plus this mornings commodities and the AUD.
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It was another good day for the ASX200 on Thursday, with the market rising by half a percent. Today, Stevie discusses the factors that contributed to the rise, the Aussie stocks that reached all-time highs, and what we can expect from the US inflation data tonight.
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U.S sharemarkets tick higher as traders await inflation data. Microsoft is on the verge of overtaking Apple as the worlds most valuable company. Investors await U.S approval of a Bitcoin ETF. Plus this mornings commodities and the AUD.
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Steve joins you today for the CommSec Market Update on a day where inflation is shown to be slowing however unusually stocks did drop. Steve breaks this down, discusses the coming inflation data that could really impact the market, and deep dives into the mining and energy sectors which dominated the market movements today.
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U.S share markets mixed as treasury yields lift. Meanwhile U.S tech shares in focus ahead of inflation data. Oil prices rebound on the back of Libyan outages. Ryan and Craig preview Aussie inflation data today. Plus this mornings commodities and the AUD.
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With January being often seen as a slow time for the share market, today bucks that trend by delivering the strongest lift in weeks. Steve looks at the winners and losers, discusses the data out of the US that will impact the market this week, and unpacks Aussie spending habits.
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Wall Street rebounds on a rally in tech shares. Chip maker NVIDIA soars to an all time high. Boeing shares slide on 737 MAX 9 jet grounding. And oil prices tank after Saudi Arabia cuts selling prices.
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Steve is rolling solo this week for the CommSec Market update and deep dives into the current state of the market which is in a fourth day of decline. He analyses each of the sectors (which are all in the red) and looks at the big movers in them. He compares the Aussie market to international markets, and looks ahead to understand if the current nervous market state will continue in the days to come.
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U.S share markets post worst yearly start since 2016. Major averages snap nine week winning streak after strong jobs report. Euro zone inflation jump cools case for rate cuts. Plus this mornings commodities and the AUD.
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It was an uneventful last trading day before Christmas, with the market finishing flat. In the final episode of the year, Laura and Stevie discuss the factors that impacted the sectors today, the best performing stock of the year, and what to watch out for during the break.
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Ryan and Tom preview U.S inflation data. China bans export of rare earth processing technology, and Aussie dollar hits highest level since July.
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The market has closed lower after multiple gains so far this month, with 9 of the 11 sectors closing down. Entertainment giants Warner Brothers and Paramount might be considering a merger to compete against the streaming services and what can we expect on the last trading day before Christmas?
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Wall street moves sideways as rate cut rally loses steam, Fedex plunges on US economic concerns and UK Inflation hits two year low. Plus this mornings commodities and the AUD.
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The gains continue with another lift on the market taking us close to an all-time high. Laura and Stevie look at past performances to see what this could mean for the days ahead. Rate ‘cuts’ could be finally entering the conversation, and each of the sectors is unpacked as Laura and Stevie talk about what to expect as we near Christmas.
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Wall Street climbs towards record highs as rate cut optimism lingers. U.S home building surges in November. Oil lifts on the back of Red Sea shipping concerns. Plus the AUD hits the highest levels since July.
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The losses didn’t last for long with the market finishing in the green today due to all 11 sectors ending higher. Stevie and Laura discuss which stocks stood out to them today, why lithium was in the spotlight and what's coming up as we near the end of 2023.
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Wall Street inches up as oil stocks jump. Meanwhile U.S steel soars on the back of a buyout deal. Ryan previews the Reserve Bank board minutes. Plus this mornings commodities and the AUD.
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Laura and Stevie are back for your Monday market update. The gains are over, with all sectors except two experiencing a decline today. Tabcorp was up after securing a deal with the Victorian government and dental clinic Smiling Mind also did well after receiving a takeover offer today. Coming up, what can we expect from tomorrows RBA minutes?
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Wall Street treads water as Fed scotches rate cut talk. Retail, industrial and tech names lead improvements. Aussie dollar firms as U.S dollar moderates. SPI futures point to a sizeable deficit at the start of trade on Monday. Plus this mornings commodities.
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Laura is solo today as she wraps up the market update for the week. It was another day of gains, and the third week in a row ending in the positive. She discusses which sectors were lower today, what the data out of China could mean for the Aussie market and which stocks are being removed from the ASX200.
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The Dow Jones hit record highs on Federal Reserves rate cut signal. Apple also scales an all time high. The European Central Bank resisted rate cut bets. And oil rose more than 3%. Plus this mornings commodities and the AUD.
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It was a great day for the market today, with the ASX200 gaining 1.65%. Unsurprisingly, all 11 sectors were up. In this episode, Laura and Stevie discuss today’s job data, which stocks stood out to them and what to look out for as 2023 comes to a close.
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U.S shares rally on hopes for lower interest rates in 2024. U.S bond yields fall in response to Federal Reserve rate decision. Aussie shares tipped to rise today on the back of U.S gains. Plus this mornings commodities and the AUD.
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The market has seen further gains today continuing what is a 4-day streak taking us close to a 3-month high. Laura and Stevie look at some of the winners on the market, discuss how 6-month oil price lows impacted the energy sector, and look at the big things to watch.
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Wall Street inches up after November inflation data. Ryan and Craig review U.S price data and look ahead to the U.S Federal Reserve meeting. Oil prices plunges 4% to 6 month lows. Plus Craig previews the mid year federal budget.
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Laura and Stevie are back with the market close update. They chat about what led to the market being higher today, which sector was the only to decline and which stocks caught their attention.
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Wall Street was subdued ahead of the Federal Reserve meeting. Craig and Ryan preview U.S inflation data. Craig looks ahead to Aussie business and consumer confidence surveys. Plus this mornings commodities and the AUD.
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Stevie is starting off the week solo, on a day where the market was largely flat. The energy sector was a clear winner today while miners were not so lucky. Sigma Healthcare has announced a plan to merge with Chemist Warehouse. If it gets past the regulators, it could create a $8.8 billion dollar company and Star Entertainment was the worst performer today, hitting record lows
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Wall Street notches a new high for 2023. U.S releases strong jobs numbers in goldilocks outcome. Ryan previews Chemist Warehouse listing update. Plus this mornings commodity and the AUD.
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Stevie is joined by Craig James for today’s market update. The market has closed up for the week with only 3 sectors declining today. The big focus was on talks of a potential merger between oil and gas giants Santos and Woodside which saw Santos up. Craig and Steve go over what to look out for over the weekend the the week ahead.
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Wall Street jumps on the back of an A.I boost. Tom and Ryan preview U.S jobs figures. Iron ore lists following better Chinese economic data. Plus this mornings commodities and the AUD.
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Laura and Stevie are back for your market close update. The market certainly didn't have yesterday's gains, with 7 of the 11 sectors declining. They discuss what stocks were in the spotlight today and what to look out for.
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Wall Street consolidates as figures point to job cooling. Oil hits a five month low on waning demand. ASX 200 set for a lower open today. Plus this mornings commodities and the AUD.
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Laura and Stevie bring you the CommSec Market Update today on a day where all 11 sectors were in the green. They break down what is behind this positive day on the market by unpacking economic growth, run through some of the big winners, and look at what could be ahead for the next 24 hours.
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U.S shares ended mixed after jobs data hints at cooling economy. Meanwhile Moody’s cuts Chinas credit outlook. The German DAX index hit a record high. And Ryan previews Aussie economic growth data. Plus this morning commodities and the AUD.
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Mortgage holders got an early Christmas present from the reserve bank today, with interest rates remaining at their current rate until next year. The market didn't have a great day, with 9 of the 11 sectors finishing lower. Origin was in the news once again, coming close to being the best performer of the day but the same can't be said for gold and lithium stocks which both saw losses today.
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Wall Streets bull run gets a reality check. Bitcoin climbs above 40 thousand USD as crypto rally gathers steam. Spotify jumps after saying it will cut workforce. And the AUD eases ahead of reserve bank meeting. Plus this mornings commodities.
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The market gained on Monday, with only two sectors declining. The worst performing sector was utilities after Origin was in the news once again regarding their takeover bid. Tomorrow we will get our last interest rate decision for 2023, will we get another rate hike?
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Wall Street hits a 2023 closing high as Jerome Powell strengthens peak rate bets. Gold joins the party and hits a record high as well. Meanwhile the Origin energy takeover vote will take place today. Plus this mornings AUD and commodities.
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Laura and Stevie are back with your Friday market update. The market didn’t have a strong start to the month, closing in the red. 9 of the 11 sectors are lower, with tech falling the most. Uranium miner Paladin Energy were the best performer today due to a 15 year high in uranium prices. Looking ahead, will we get another rate hike next week?
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The Dow has jumped 300 points to a new 2023 high. The S&P 500 index recorded its best month since July 2022. Tom and Ryan review Saleforce’s bumper result. And oil declines on scepticism on OPEC cuts. Plus this mornings commodities and the AUD.
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It’s the last day of the month and the market has closed in the green both today and for the month overall. Financial software company Iress were up after a strategy update and Origin Energy are down once again after rejecting a takeover offer.
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Stocks rose Thursday on pace for big November gains. Ryan and Tom reflect on investing legend Charlie Munger’s passing. Ryan reviews Aus inflation data. Plus this mornings commodities and the AUD.
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As we near the end of the month on an improvement Laura and Stevie unpack the performance of the market today. They discuss how inflation could aid in interest rate decisions and how it impacted the market today, deep dive into the performance of each of the sectors and discuss the data coming out this week that could impact the market.
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U.S share markets mixed after Fed speak. Ryan and Tom preview Aussie inflation data. Gold prices hit a 6 month high. And the Aussie dollar hits a four month high.
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Laura and Stevie bring you the CommSec Market Update today on a day that has seen the market bounce back from slow start to the week. With most sectors improving modestly, Laura and Stevie unpack the sectors in detail, they look at what could impact markets in the coming days, and discuss everything from fast fashion to fast food.
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A new week starts in mixed fashion for Wall Street. Analysts burrow into Thanksgiving spending numbers. Local shares expected to kick off in positive territory with key retail sales figures expected. Plus this mornings commodities and the AUD.
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Join Craig and Steve for Monday's market update. The ASX200 didn’t have a great start to the week, almost hitting a two week low. They're discussing which sector held back the market today and the beauty retailer that's up after rejecting a takeover offer.
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Wall Street returns from the Thanksgiving holiday and stocks grind higher with a focus on retail sales. Oil prices ease to remain unchanged over the week. And local shares set to kick off in positive territory.
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Laura and Stevie are back to wrap up the market today. The ASX200 was up slightly with 6 of the 11 sectors finishing higher. A survey done by CBA economists about Black Friday found some surprising results and what to look out for in the next week.
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Aussie shares poised to rise after U.S Thanksgiving holiday. European shares hit two month highs as oil companies rally. Ryan and Tom review the latest Central Bank meeting minutes. Plus this mornings commodities and the AUD.
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It was another day of losses on Thursday, with the market closing down 0.62%. Almost all sectors were down today and utilities was again dragged by Origin, who are facing further complications with their takeover bid. Furniture company Nick Scali were down after the CEO sold $50m worth of shares in the company, totalling to roughly 5% of the company.
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U.S share markets lifted ahead of Thanksgiving holiday. Investors focus on NVIDIA result as AI boom continues. Oil slips as OPEC delays meeting. Plus the AUD rises after RBA Bullock speech.
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The market snapped a two day winning streak, finishing mostly flat on Wednesday. It was a great day for travel company Webjet, who announced higher than expected profits and infant formula maker Bubs Australia entered a trading holt. Tonight, RBA governor Michele Bullock will speak at a dinner tonight.
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Wall Street falls on disappointing retail updates ahead of NVIDIA results. Ryan and Tom preview the RBA Governor's speech tonight. They look at Webjet earnings due out today. Plus this mornings AUD.
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The market was up today despite only a handful of sectors managing to lift. Origin Energy was in focus again today amid takeover discussions and all eyes will be on Microsoft after an open letter from OpenAI staff.
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NASDAQ leads Wall Street higher as Microsoft hits record high. Mine strikes and protests help propel copper to two month high. Reserve Bank board minutes are due today and oil prices climb over 2% as OPEC cuts expected. Plus AUD climbs on Tuesday.
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The market was up ever so slightly today, despite only 3 sectors finishing higher. Energy had the highest gains, with companies like Karoon Energy in the spotlight. Clothing retailer Universal Group were up after their AGM today and the ASX itself was up after announcing an upgrade to their systems
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U.S stocks treaded water on Friday but post solid weekly gains. Long and short term interest rates continue their recent trend lower. The local share market looks forward to a positive start. Plus this mornings commodities and the AUD.
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Laura and Stevie bring you the CommSec Market Update this afternoon on what has turned out to be a quiet end to the week. They break down the mixed performance of each of the sectors and what impacted them, reflect on the week as a whole, and look ahead to what we could expect with the upcoming interest rate decisions.
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Wall Street rally takes a breather as Cisco and Walmart drop. Oil plunges 5% on supply concerns. Bond yields sink as bets rise on rate cuts. Plus this mornings commodities and the AUD.
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Following a day of highs yesterday the Aussie market has declined today. Stevie and Laura unpack how data out of China fuelled this movement and impacted each of the sectors, discuss Australian employment numbers, and look at some of the standout stocks.
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U.S stocks rose overnight consolidating on recent improvements. Long term interest rates bump higher despite mixed economic news. Target shares surge following better than expected earnings. And local stocks expected to edge lower ahead of key employment figures. Plus this mornings commodities and the AUD.
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Laura and Stevie join us on a day where the market continues to climb, now nearing a two-month high following a few months of declines. They unpack the impact of inflation on the market today, discuss speculations around rate movements in the US, and look at the strength of the Australian dollar.
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Wall Street rallies as cooling inflation boosts peak interest rate bets. Home Depot shares gain on earnings beat. Ryan previews Aussie wages data. Plus this mornings commodities and the AUD.
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The ASX recouped yesterdays losses driven by mining and energy stocks. The team look at a handful of updates from Aussie companies. Plus economic data out tomorrow could move markets.
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Wall Street treads water ahead of key inflation data. Boeing shares rise on the back of a China thaw. Futures point to a solid gain for the ASX 200 at the start of trade. Plus this mornings commodities and the AUD.
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The Aussie market off to a slow start Monday ahead of key economic data. The team unpack wage and jobs updates. Plus they look at U.S inflation and key monthly data out of China.
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U.S stocks end at their highest levels in almost two months. Popular tech names lead the charge with Apple, Tesla and Netflix up 2%. The ASX 200 is expected to kick off with a solid gain on Monday. Plus this mornings commodities and the AUD.
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The impact of U.S bank boss Jerome Powell’s speech trickled into the Aussie market today, closing half a percent point down. But November still continues to rebound from decline, up overall by 3 percent. However, it was a sea of red for most Aussie sectors, with energy, utilities and financials performing the worst. It wasn’t all bad news though, with healthcare having its ninth consecutive day of wins.
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U.S stocks fall and bond yields climb after Fed chair Powell’s remarks. Ryan and Craig review Disney and Krispy Kreme earnings. Craig previews the RBA statement of monetary policy. Plus this mornings commodities and the AUD.
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On the podcast today Laura and Stevie unpack the market after another day of gains. They discuss how China impacted what we saw across the sectors, look at the financial sector in detail, and explain what to expect in the day ahead.
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U.S stocks tread water as long term interest rates fall. Media company Warner Brothers Discovery suffers its worst decline in 2 years. Oil prices continue their recent retreat and futures point to small gains for the local share market at the start of Tuesday. Plus commodities and the AUD.
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Craig and Steve join you today to discuss the Aussie market, and with 9 of the 11 sectors in the green they unpack how each of them performed. They reveal the things to watch in the coming hours and how these are likely to impact the market in the days ahead.
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U.S S&P 500 index rises for seventh straight day. Lower U.S bond yields boost tech stocks. Oil slides 4% on China worries. Plus this mornings commodities and the AUD.
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Stevie and Laura are back for a ‘Cup Day’ edition of the CommSec Market Update today as the RBA rate decision impacted what we saw. Stevie and Laura unpack the commentary around this decision to increase interest rates and look at what is likely to impact the market in the days ahead.
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Wall Street struggles to gain traction after last weeks blockbuster rally. U.S bond yields advance ahead of Fed speakers and upcoming auctions. Ryan and Tom preview the Reserve Bank meeting on Melbourne Cup day. Plus this mornings AUD.
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Ahead of the RBA's expected interest hike this week, it's good news for investors with the market lifting for the fifth day in a row. The standout performer today was Origin Energy, while Afterpay's Block Ink saw the day's worst performance, closing with a 6% drop. And, it's predicted to be a big week in the Aussie market with various companies accross sectors set to hold their annual general meetings between now and Friday.
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U.S stocks surge as interest rate concerns fade. A cooling of the employment market leads to a drop in long and short term interest rates. Aussie stocks set to advance as investors look ahead to tomorrows RBA decision. Plus this mornings commodities and the AUD.
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The market has continued to lift, gaining close to 1.15% today. 10 of the 11 sectors lifted with energy being the only to decline. Afterpay owner Block Inc was the best performer today after their profit results were released in the states. The same can’t be said of Treasury wines, who were down after fundraising. Next week, will we get another rate rise?
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U.S shares rose solidly comforted by the latest Federal Reserve decision. European shares posted firm gains as the Bank of England left rates on hold. And the Aussie share market is tipped to rise on the back of solid U.S and European gains. Plus this mornings AUD.
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The market was up on Thursday for a third straight day with 9 of the 11 sectors advancing. The rest of the week is going to be packed with news with Apple out with earnings, AGM's from the likes of Qantas and Coles and the start of bank profit reporting season.
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Wall Street holds gains in a choppy trading session as U.S Fed keeps rates steady. Ryan and Tom review the U.S federal reserve decision. They also look ahead to CSR results today. Plus the mornings commodities and the AUD.
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The market is off to a good start for the month of November, finishing up by 0.85%. 9 of the 11 sectors were higher with real estate coming out on top and utilities and consumer staples finishing lowest. Coming up, will we get a rate hike in the U.S.?
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Wall Street ends slightly up this morning ahead of the Fed decision. Meanwhile global share markets end October down. Ryan and Tom preview the U.S federal reserves meeting. Plus this mornings commodities and the AUD.
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Stevie and Laura are back with Tuesday's market close update. The market finished mostly flat with 7 of the 11 sectors finishing higher. It was the last day of October and the ASX200 was down 3.8% for the month.
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U.S and European stocks recover from recent weakness. Encouraging earnings figures drive sentiment on Wall Street. Local stocks set to open almost half a percent higher. Plus this mornings commodities and the AUD.
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Stevie and Laura are back with the Monday market close update. It wasn’t a great day for the market, with 10 out of 11 sectors finishing lower today. Tech was the only sector to lift today thanks to Amazon’s quarterly results and Endeavour group who are behind Dan Murphy's and BWS were down after their lower than expected quarterly data.
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Mixed results for U.S stocks as investors weigh key inflation news. Tech stocks end higher helped by a 6% jump in Amazon shares. Oil prices surge as Middle East tensions remain front of mind for traders. Plus this mornings commodities and the AUD.
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Stevie joins Laura for the weekly market wrap. They discuss the market lifting after a week of mostly losses, which 6 sectors finished higher and what's coming up that might point to a rate hike in November?
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Wall Street slides on mixed earnings and robust U.S economic growth data. Shares of Meta Platforms drag on the NASDAQ index. The European Central Bank holds interest rates steady. Plus this mornings commodities and the AUD.
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Join Laura and Stevie for Thursday’s market update. They chat about what caused the market to fall, which two sectors managed to finish higher and which companies got first strikes at their AGM’s today?
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To the U.S first where Wall Street fell after Alphabet earnings disappoint. Meanwhile the Bank of Canada has held interest rates steady. Ryan and Tom review Australian inflation data. Plus this mornings Commodities and the AUD.
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The market closed just over 2 points lower today after what was a volatile day. Only two of the 11 sectors manager to lift with real estate down the most and materials with the best gains. Ampol were up after their quarterly update today and we've got a big couple of days coming up with profit results, quarterlies and AGM's.
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U.S stocks advanced as earnings beat forecasts. Meanwhile U.S bond yields stabilised despite strong business activity data. Ryan previews inflation data in Australia. Plus this mornings commodities and the AUD.
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The market broke its losing streak with 6 of the 11 sectors finishing higher on Tuesday. Buy now, pay later company Zip hitting their highest levels in around two months today and Ansell were down after their Chair retired, despite announcing that they’re on track to meet profit goals next year.
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U.S share markets end mixed as ten year treasury yield hits 16 year high. Meanwhile Chevron announces a huge deal for Hess in the U.S oil patch, and workers strike at Stellantis automotive. Plus this mornings commodities and the AUD.
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The market finished lower today for a third straight session. 3 of the 11 sectors lifted, with health care coming out on top. Treasury wines were one of the only companies to lift today after China agreed to review their harsh tariffs on wine and the war in the middle east is continuing to affect energy prices.
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Geopolitical and interest rate concerns force stocks lower. Locally investors look ahead to Wednesdays inflation figures. Meanwhile futures point to a decline of almost 1% for the ASX 200. Plus this mornings commodities and AUD.
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The market finished off the week with some hefty declines. Almost all sectors declined today, with energy being the only one to lift due to higher oil prices. Event Hospitality were up after announcing expectations for record quarter profits and Liontown was back online after Albermarle walked away from their takeover offer.
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Wall Street falls as investors weigh Jerome Powell’s remarks. Meanwhile Netflix shares are up on strong subscriber growth. Tesla shares sink after a disappointing result. Plus this mornings commodities and the AUD.
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The Australian sharemarket has followed the negative lead from the US and Europe and finishing below 7000 on Thursday. Declines were consistent across the 11 sectors. Qantas was down after ending their proposed takeover of a smaller rival airline and jobs data fell short of expectations.
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Global stocks have retreated as long term interest rates push higher. Meanwhile the Middle East conflict has increased demand for safe havens. Employment figures loom today as the RBA keeps the door open for rate hikes. Plus this mornings commodities and the AUD.
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The market finished higher today but only 5 sectors managed to lift. The energy sector was a standout and utilities faced the biggest losses. Strong data out of China lifted the market and there was a lot of company news today including some from our biggest stocks. Tomorrow, all eyes will be on the jobs data.
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Wall Street slips on higher bond yields as U.S retail sales jump. Nvidia drops as U.S restricts chips for China. Ryan previews Chinese economic data. Plus commodities and the AUD.
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Laura is back with Stevie today to unpack how the market has performed. A lift kicked things off but minutes from the RBA slowed the rate of that lift as the day progressed. They look at how the sectors performed and discuss what to expect in the days ahead.
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To the U.S first this morning where Wall Street gained on earnings optimism. Meanwhile U.S bond yields rose amid increased treasury supply. And Apple shares are down on the back of weak Chinese demand. Plus this mornings commodities and AUD.
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Craig joins Steve today to look at the market. The energy and materials sectors were the only two to see lifts today with 9 of the 10 best performers being in the gold sector as conflicts in the Middle East impact prices of the commodity. They discuss what to expect with the Aussie jobs report on Thursday, discuss a slight fall in the Aussie market, and if we are likely to see an interest rate increase come Melbourne Cup Day.
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U.S stocks end lower as banks kick off quarterly earnings. Oil prices surge as investors reframe Middle East conflict. Aussie shares seen lower at the start of Mondays session. Plus this mornings commodities and the AUD.
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The market was spooked this Friday the 13th, closing down by half a percent. The Aussie market still lifted over the week though. Almost all sectors declined, with health care and utilities the only to finish in the green. Data out of China today raised more concerns about the health of its economy and next week, all eyes will be on the latest labour force figures.
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Wall Street falls as bond yields rise while investors digest inflation data. Meanwhile Tom and Ryan review wage developments in the U.S. Ryan previews Chinese inflation data. Plus this mornings commodities and the AUD.
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It was another day of gains for the ASX200, finishing up for a 6th straight session. 7 of the 11 sectors finished higher with health care declining over 4.5%. CSL dropped significantly, with stocks hitting their lowest levels in 4 years and United Malt Group is getting closer to a takeover from French company, Malteries Soufflet.
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Stocks consolidate as the U.S Fed mulls rate outlook. Meanwhile oil prices sink as much as three percent. The ASX 200 is set for a flat start. Plus this mornings Commodities and the AUD.
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The market saw another day of gains with almost all 11 sectors finishing higher. Health care was the only sector that saw minor declines. Bank of Queensland had their worst day in over a year after releasing their profit results and Qantas shares were lifting after their Chairman announced his planned departure late next year.
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Wall Street gains as bond yields fall and Fed officials sound dovish. Tom and Ryan discuss the ongoing impact of the Middle Eastern conflict on Oil. Ryan previews the Bank of Queenslands earnings results. Plus commodities and the AUD.
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The market bounced back today, finishing above 7000 points for the first time in about a week. All 11 sectors were higher, with utilities having the biggest gains and materials the least. Origin Energy had huge gains today after the ACCC approved a takeover bid.
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Wall Street turns positive as investors digest Fed commentary. Oil prices surge on the back of the Middle Eastern conflict. Ryan previews consumer and business confidence surveys in Australia. Plus this mornings commodities and the AUD.
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The market closed up today by around a quarter of 1%. Sectors were very much mixed today with 6 of 11 finishing lower. Energy was the highest by far and tech had the biggest losses. The conflict in the middle east has lead to an increase in gold and oil prices.Coming up, annual general meetings are just around the corner.
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U.S stocks whipsaw following stronger U.S jobs growth. Meanwhile investors eye oil prices as Middle East conflict escalates. The ASX 200 is expected to kick off firmly in positive territory on Monday. Plus this mornings AUD.
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The Aussie market posted its 2nd day of gains ahead of the key jobs report out of the US tonight. This data could impact what happens next with interest rates. Over the week though, the Aussie market still declined – its 3rd straight week of losses. Energy continued to be under pressure as oil prices dip further. But the financial sector soared led by a solid performance from major banks.
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U.S stocks show little change as investors await Fridays jobs data, and Ryan and Tom assess the U.S employment report. Meanwhile oil extends its slump. Ryan previews the Reserve Bank financial stability review. Plus this mornings commodities and the AUD.
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The Aussie sharemarket has lifted for the first time in four days in line with other bourses on an easing of inflation concerns, closing up by half a percent.
8of the 11 sectors were higher today, with energy falling the most after oil prices plunged overnight, having its biggest drop in over a year. Interest rate sensitive stocks did well – tech, consumer discretionary & real estate.
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U.S stocks consolidate this morning after recent losses following a lower reading on jobs growth. Meanwhile interest rate fears soften after oil prices plunge by 5%. Futures point to a positive start for the ASX 200. Plus the team have this mornings commodities and the AUD.
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It’s been a spooky start to October with the market hitting its lowest point since November last year. Almost all sectors were down with utilities being the only to lift. Qantas hit their lowest levels in over a year and gold miners did well today.
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U.S stocks fall as jobs data adds to rate worries. Meanwhile U.S Bond yields hit 16 year highs. Ryan and Tom preview the RBNZ rate decision today. Plus this mornings commodities and the AUD.
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The market has finished lower today, dropping below 7000 points for the first time since late March. It was Michele Bullock’s first interest rate decision today and the new Governor of the Reserve Bank of Australia decided to keep rates steady for a 4th consecutive month. Sectors were mostly down today, energy had the biggest losses while health care performed the best thanks to its biggest stock, CSL.
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U.S and European stocks run into headwinds as long term interest rates march higher. Meanwhile, a welcome reprieve with oil prices moderating. And Tom and Ryan look ahead to todays RBA decision on interest rates. Plus the commodities and AUD.
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Markets are down today as the holidays impact the number of trades taking place. Laura and Stevie discuss mining in detail with it being the sector that lifted the most and look at healthcare which saw a drop. They unpack the things to watch overnight ahead of an interest rate decision tomorrow, and update you as the market closes.
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Starting with the U.S this morning where key inflation figures deliver relief for investors, although political uncertainty weighed on stocks. Ryan and Tom also dig into the impacts of an amnesty over the potential U.S Government shutdown. Meanwhile local shares are set to start the week lower as investors look ahead to tomorrows RBA decision. Plus this mornings commodities and AUD.
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It's the final trading day for September and even though the market ended today on a positive note, it wrapped up the month with a decrease of around 3.5%. Energy was the only sector to rise this month and Core Lithium was up around 19% after posting its first profit.
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With the share market on pace for the worst month of the year Tom and Ryan are back for another episode the CommSec Market Update. They discuss a recovery to US stocks after days of excessive selling, look at what will impact the market in the days ahead, and discuss oil prices.
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The market closed down by just 5.5 points today with 9 of the 11 sectors finishing lower. Energy stocks stood out as clear winners today, gaining almost 3%. It was the biggest day of the year for dividend payments, with around 18 billion dollars being paid out.
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It’s been a choppy night on Wall Street as investors weigh elevated bond yields and prospects for a U.S Government shutdown. Meanwhile Ryan and Craig review developments in the U.K real estate market. Oil prices have hit the highest level since August 2022. Plus the team has the commodities and the AUD.
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Join Stevie and Laura on what has been a volatile and rocky day with markets closing slightly down again. They investigate what could impact the markets in the day ahead, look at what might influence the upcoming rate decision, and how each of the sectors performed.
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To the U.S first where the Dow Jones index has shed nearly 400 points since March. Meanwhile concerns are growing around a potential U.S government shutdown. Ryan and Craig preview Aussie inflation data due today. Plus this mornings commodities and the AUD.
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The market finished lower today, closing down by half a percent. 9 of the 11 sectors were down, with health care coming out on top. Pro Medicus was the top performer today after a deal with a U.S. company and it was more bad news for Qantas who hit a 52 week low today. Coming up tomorrow, inflation data for August.
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Craig is on his own this morning and starts with U.S shares which ended modestly in the black. Meanwhile weak economic data pushed European share markets lower. And it’s been a choppy day on commodity markets. Plus this mornings commodities and the AUD.
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The market was almost flat today, closing up by just 7 points. Almost all sectors were up today, with tech finishing the highest. Our two biggest sectors were down, leading to the flat result. It's looking like the market will finish off September with a loss, consistent with the last 9 out of 11 years. Lithium producers were down today and Star Entertainment were in a trading halt before an expected announcement. Coming up this week, more than 21 billion dollars of dividends will be paid out.
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To the U.S first where Wall Street moderated following the latest readings on activity in the manufacturing and services sectors. European markets eased on the back of slowing activity. The ASX 200 is expected to kick off with a loss this morning. Plus this mornings commodities and the AUD.
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It was a rollercoaster day for the market today, closing up by just 3.6 points. The sectors ended mixed today, with 6 of 11 finishing higher, real estate had the biggest losses and utilities came out on top. Fruit and veggie grower Costa Group has accepted a takeover from a U.S. company and News Corp was up after Rupert Murdoch announced his retirement. Next week, a big week of payouts with our markets biggest stocks paying out dividends
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Craig joins Tom this morning as global sharemarkets fall following investor response to central bank rate actions. Meanwhile the Australian share market is expected to get off to another negative start following weakness in the U.S and Europe. Commodity prices are lower across the board on investor expectations that interest rates will stay higher for longer. Plus the team have this mornings AUD.
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It was an ugly day for the market today, declining almost 1.4%. All sectors were down today, with tech performing the best. The U.S. held interest rates, leading to fears around inflation and Transurban were blocked by the ACCC from buying EastLink. Looking forward, the big bank bonanza continues with England, Switzerland and Japan announcing their interest rate decisions.
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Craig joins Tom again this morning as they look at a hawkish pause for the U.S Fed which sent Wall Street lower. Lower than expected U.K inflation shifts expectations for a Bank of England decision. And futures point to a slightly weaker start for the ASX 200 this morning. Plus this mornings commodities and the AUD.
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It was another day of losses on Wednesday, with the market declining close to half a percent. Almost all sectors were lower with only 3 gaining. Energy faced the biggest losses while consumer discretionary had the biggest gains. Looking ahead, will the U.S. Federal Reserve lift interest rates?
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Craig joins Tom in the hot seat this morning and they start with investors on edge ahead of key central bank meetings. Meanwhile oil prices stabilise with some profit taking being noted. The AUD is marking time, supported by higher energy prices. Plus this mornings commodities.
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The Aussie market declined on Tuesday, falling for the second straight session ahead of the US interest rate decision. Most sectors declines, but energy stocks lifted as oil hovers near 10 month highs. Banks and miners were a major weight, but the gold sub-sector was a bright spot amid broader declines. Newmont got the green light from Australian officials to proceed with buying out Australian based gold miner, Newcrest Mining. Tonight, the US Central Bank’s two-day policy meeting kicks off.
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To the U.S first where Wall Street moved sideways as investors await the Fed. Meanwhile oil prices touch 95USD a barrel. Ryan and Tom preview the latest reserve bank board meeting minutes. Plus this mornings commodities and the AUD.
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The market closed down today, with all 11 sectors finishing in the red. Tech faced the biggest losses, following the lead of the U.S. It was Michelle Bullock’s first day of her 7-year term as RBA governor and it's going to be a big week ahead with more dividend payments and an interest rate decision out of the U.S.
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Tom and Ryan start in the U.S this morning where stocks retreated as long term interest rates rise. Meanwhile oil prices stoke inflationary concerns. Tom looks into European stocks which have been encouraged by the latest round of Chinese growth figures. Plus this mornings commodities and the AUD.
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The Aussie market had its best day in 2 months. Data out of China showed signs of an economic recovery which boosted the market. All sectors improved on Friday. Qantas was in the spotlight again. Owner of IGA, Metcash rose after its trading update. Looking ahead, the spotlight will be on the US Federal Reserve meeting next week. $3.1B in dividend will be paid out to shareholders in Australia from ASX 200 companies.
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Wall Street ends higher on solid economic data as Arm soars in debut. Meanwhile the European Central Bank has lifted interest rates for the last time. Ryan and Tom preview Chinese economic data out today. Plus this mornings commodities and the AUD.
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The Aussie market lifted on Thursday, putting the market back on track to end the week in positive territory. A mixed jobs report was released, with investors still expecting no rate hike in October. Most sectors lifted, with miners and banks doing best. Myer reported a boost to annual sales and profits, but a smaller dividend and flagged slowing trade in the new year. A few stocks trading ex-dividend weighed on the market. Tonight, the US releases producer inflation and consumer spending data. The European Central Bank will hand down its interest rate decision.
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Starting in the U.S this morning with mixed outcomes for stocks overnight following the latest inflation report. Meanwhile European stocks fall as economies continues to moderate. The team look at the August employment report which is the key event locally. Plus this mornings commodities and the AUD.
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The market lost all of the gains from earlier in the week today, closing down 0.75%. 9 of 11 sectors closed down, with utilities and energy being the only to lift. It’s looking like centuries old footwear makers Birkenstocks are getting ready to become a publicly listed company. Ahead, inflation data out of the U.S..
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Tech shares slide overnight in a luke warm response to Apple’s iPhone launch. Ryan and Tom preview US inflation data. Plus this mornings commodities and the AUD.
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It was another day of gains, albeit small ones. 6 of the 11 sectors were up, materials and health care were up and energy had the largest losses. Looking ahead, how will the U.S. market react to Apple’s new product launch overnight?
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Tom and Ryan look at technology stocks which led a recovery for Wall Street overnight, including Apple shares which firmed ahead of a key product launch. Meanwhile Tesla shares surged on the back of a broker upgrade. They preview a likely flat start for local shares Tuesday. Plus this mornings commodities and the AUD.
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It’s looking to be a positive start to the week, with the market up by almost half a percent. It has been a tough start to the month despite the wins today, with the market down roughly 1.6% in only 7 sessions. Financial and Material were up today and it's going to be a big week ahead with a lot to look out for, both locally and internationally.
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Wall street ended a volatile week with modest gains. Ryan and Tom discuss this in more detail, including looking at the relief that has come from Chinese inflation moderating over the past month. A big week is also ahead for market outcomes with Tom and Ryan both revealing their ‘must watch’ event to look out for.
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Today marked the fourth consecutive day of decline, erasing the previous week's progress. The energy sector was the sole gainer this week, while Qantas shares continued to decline. The upcoming week promises to be eventful, with China set to announce inflation figures over the weekend, and Australian job data scheduled for release next Tuesday.
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Technology shares were in focus this morning as China broadened the ban on the iPhone. Tom and Ryan unpack the impact of this on the market, review commodity prices, and discuss the solid US economic data that continues to fuel rate jitters.
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It was a third straight day of losses, with the market expected to have its worst day in 3 weeks. As expected our market’s biggest stock, BHP had a difficult day after trading ex dividend. All 11 sectors are expected to fall today and Philip Lowe gave his last speech in his role as governor of the RBA.
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Wall Street slid overnight as economic data stokes inflation and interest rate worries. Meanwhile oil prices have hit fresh nine month highs. Tom and Ryan preview RBA Governor Phillip Lowe's final speech. Plus this mornings commodities and the AUD.
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The Aussie market didn’t have a great session today. Energy was the only sector to lift, while banks and miners weighed most. Higher oil prices and concerns about China were a big weight on markets today. Can and bottle maker, Orora was under the most pressure after raising money to buy a French bottle maker company. Tomorrow, keep an eye on BHP which will be trading ex-dividend – the cut off for those eligible to receive a dividend payment – as it could weigh on the Aussie market given that it’s the largest stock on the ASX.
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Wall Street slips as bond yields rise with oil prices boosting the energy sector. Meanwhile OPEC extends crude production cuts until December. Ryan and Tom assess todays economic growth data for Australia. Plus this mornings commodities and the AUD.
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RBA governor Phillip Lowe held interest rates today, in what was his last policy meeting before he steps down. Sectors were mixed with health care finishing the highest. Qantas CEO Alan Joyce has brought his retirement forward, finishing up this week and Westpac was down after ASIC looked into ignored hardship requests.
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Tom and Ryan head to Europe first this morning where shares were flat with U.S markets closed for labour day. Meanwhile European mini shares have been supported by Beijing stimulus. They preview the Reserve Bank interest rate decision today. Plus this mornings commodities and AUD.
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The market was up today, largely thanks to the materials and energy sectors. It was another troubling day for Qantas today, hitting an 11 month low. Lithium miner Liontown was on top today after an update about a potential takeover. The U.S. and Canadian markets will be closed tonight for a public holiday but a busy day locally tomorrow with the rate decision out.
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To the U.S first as always this morning where Wall Street has survived a key jobs report.Meanwhile Aussie stocks are set to build on last weeks improvements. Tom and Ryan discuss the key risk events of the upcoming week. Plus this mornings commodities and the AUD.
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The market has started off the month lower, finishing down around 0.4%. Only 3 sectors managed to lift, with energy up on top. Qantas had another troubling day as they face hefty fines and mining company Fortescue was down after a third executive resigned in just one week.
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Starting in the U.S this morning where Wall Street ended mixed after inline inflation data. Meanwhile global share markets have ended August lower. The team looks into cannabis stock results overnight. Plus this mornings commodities and the AUD.
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The last day of the month saw the market have it’s fourth straight day of gains, however it gained only 0.10%. 8 of the 11 sectors were up, with telcos back in the green and energy having the biggest losses. Harvey Norman rose despite a decrease in profits and Qantas faces some turbulence.
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Wall Street ends higher overnight as weaker economic data fuels rate pause bets. Ryan and Tom assess European and Aussie inflation data as well as another potential major Chinese property default. Ryan looks locally with Harvey Norman shares in focus ahead of todays earning results. Plus this mornings commodities and the AUD.
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The wins continue with the market gaining 1.2% and narrowing August’s losses. The only sector to truly decline was the telcos, all other sectors gained or remained flat. Clothing retailer City Chic were down after disappointing results and candle retailer Dusk also fell heavily due to results. Coming up, the last of the profit reporting season.
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To the U.S first this morning where shares ended sharply higher with job data feeling rate optimism. Ryan and Tom assess China’s latest stimulus measures. Ryan previews Aussie inflation data due today. Plus this mornings commodities and the AUD.
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It was another day of wins for the ASX200 with the market closing in the green. 8 of the 11 sectors finished higher with materials on top and energy closing the lowest. Tassie whiskey producers Lark Distillery were up despite negative profit results and Star Entertainment were up after returning to profitability.
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To the U.S first this morning where Wall Street ended higher as investors await inflation and jobs data. Meanwhile Ryan and Tom discuss Chinas latest attempts to boost its struggling economy. They look ahead to Reserve Bank Deputy Governor Bullock’s speech. Plus this mornings commodities and AUD.
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It was a positive start to the week with the market gaining almost 45 points. 10 of the 11 sectors finished up, with tech being the only one to decline. Health care was on top thanks to a lift in its biggest stock, CSL. EVT Limited, the owner of IMAX and event cinemas has made comeback thanks to big hits like Barbie and Oppenheimer, doubling its profits. Mining company Fortescue was down after some bad profit results and an unexpected change in its leadership team. Despite the gains today, August is still tracking to be the worst month of the year.
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U.S and European stock markets push higher in response to measured words from Jerome Powell at Jackson Hole. Meanwhile futures point to an improvement for the ASX 200 at the start of trade on Monday. Tom and Ryan preview some of the big hurdles in the coming week. Plus this mornings commodities.
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The wins are over, with the market closing down by almost 1%. Unsurprisingly almost all of the sectors declined, with consumer staples and consumer discretionary the only two finishing higher. Wesfarmers were amongst the top performers thanks to their profit results with sales at Bunnings, Kmart and Officeworks all up. Pilbara, one of our largest lithium miners was down despite positive results. Coming up, more focus on the Jackson Hole symposium in the U.S.
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To Wall Street first this morning which ended down sharply as focus shifts to Jerome Powell speech. Ryan and Tom look ahead to Jackson Hole. Ryan previews today’s Wesfarmers results. Plus this mornings commodities and the AUD.
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It was another day of wins with the market closing up by close to half a percent. 8 of the 11 sectors finished up with tech finishing up the highest after a some consecutive losses. Profit results continued to impact the market with Ramsay Health down despite positive results and WiseTech back up after yesterday's losses. Coming up, all eyes are on Jerome Powell's speech in the U.S.
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Tom and Ryan look at U.S share markets which have advanced ahead of chipmaker Nvidia’s results. Meanwhile weaker economic data pushes bond yields lower. And the team look ahead to assess the days earnings results. Plus the commodities and AUD.
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The market finished higher today, regaining some of the losses from earlier in the week. 5 of the 11 sectors finished higher, consumer staples came out on top after being on the bottom just yesterday and tech had the biggest losses, declining by more than 5%. Domino's was on top today after releasing their profit results and Wisetech was down almost 20%, causing the tech sector to have its worst day of the year so far. Coming up, the big Jackson Hole event in the U.S. may move markets
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Tom and Ryan start with U.S share markets which ended mostly lower on interest rate worries. Meanwhile U.S bank shares slip after credit ratings cut. Ryan previews Woolworths earning results today. Plus the team have commodities and the AUD.
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The market finished almost flat day today, gaining only 6 points. The sectors were quite mixed today, with tech being a clear winner and consumer staples having the worst declines. Coles was down despite an increased profit, which dragged down the sector and tech company Megaport was up despite a drop in profits. Looking ahead, we have some flash PMI’s ⚡️
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Tom and Ryan start with tech this morning which rallied on the back of a jump in Nvidia shares. Tom looks into European share market performance after China cuts interest rates. Ryan looks ahead to a big day in company results including BHP. Plus the team has commodities and the AUD.
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After a choppy day the ASX has finished once again near the 5-week low. Stevie and Laura look into the factors that influenced this and unpack the 2 sectors that saw lifts. As earnings results continue to influence the market, they discuss the brands that have seen their share prices move significantly as a result and look at the important events that will impact markets in the coming week.
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Craig joins Tom this morning as they look to U.S and European stocks which ended the week lower as investors keep a weary eye on China developments. Meanwhile local investors anticipate a weaker start to the Australian share market with the SPI futures kicking off with a loss of 0.3%. Plus the team have this mornings commodities and the AUD.
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The market has closed flat today (or up, depending on who you ask!) gaining just 0.03%. 6 of the 11 sectors saw losses, with real estate coming out on top and telco’s on bottom. Imugene was down after a capital raise and investment fund Magellan was the top performer today. Next week we have profits from BHP, the biggest stock on our market and a big meeting over in the US
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To the U.S first this morning where Wall Street finished lower on health care losses and interest rate jitters. Meanwhile commodities rebounded on Chinese currency support. Tom and Ryan assesses the latest Aussie earnings results. Plus this mornings commodities and the AUD.
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It was another down day for the market, dropping another 0.68%. The sectors faired a little better with three finishing higher, real estate came out on top and health care declined the most. Core lithium declined significantly today, dropping almost 25%. Why did the chicken cross the road? To buy Ingham stocks! Coming up ahead, another big day for profit reports.
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Wall Street ends lower this morning after Fed minutes cloud outlook for rates. Ryan previews the Aussie jobs report. The team unpack some key earnings results today with Telstra in focus. Plus this mornings commodities and the AUD.
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The market took a huge hit today, closing lower by 1.5%. Unsurprisingly almost all sectors finished lower with real estate being the only one closing in the green. Tech had the biggest losses today, closing down 3%. Endeavour group who own Dan Murphys and BWS were among the bottom performers and Mirvac group were one of the best.
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Tom and Ryan look to the U.S first where the Dow Jones broke a 3-day winning streak as bank stocks tumble. Meanwhile U.S retail spending data comes in hotter than expected. Ryan looks at the Reserve Bank of New Zealand which is to hand down its interest rate decision. Plus the team have commodities and the AUD.
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The market rebounded from the losses yesterday, finishing up by 28 points. 8 of the 11 sectors were higher today with health care coming out as a clear winner, real estate had the biggest losses. Health care leader CSL was a top performer today after profit results while careers company Seek was among the worst. Coming up this week we have jobs data on Thursday and the next 2 weeks will be the busiest of the year with profit results.
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Tom looks at tech stocks which led Wall Street higher overnight. Ryan previews some U.S retail and consumer spending figures. Meanwhile the China property crisis weighs on commodities. Plus the team have this mornings AUD.
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Laura and Steve are back as the ASX hits the lowest levels in around 4 weeks with sluggish data out of China impacting growth. As we kick off one of the busiest periods for profit results Laura and Steve discuss the companies which have released their full year results and look ahead to the many things that could impact the market in the week ahead.
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Tom and Ryan look to U.S stocks this morning which have slipped as investors reflect on higher factory inflation. Meanwhile weaker Chinese figures create headwinds for the AUD. Spy futures point to losses at the start of trade on Monday. Plus this mornings commodities.
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The market ended the week down after 3 days of gains. Only 2 of the 11 sectors finished higher today, with energy having the biggest losses. US inflation data didn’t impact the Aussie market has much as expected. Big week ahead with Aussie profit results coming out!
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Tom and Ryan look into mixed performances from U.S stocks overnight despite a better reading on inflation. They unpack the latest results from the luxury retail sector. Ryan previews REA Groups results and the team have this mornings commodities and the AUD.
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The stock market was up for a third straight session despite only 5 sectors finishing higher. The energy sector was a clear winner with gains of over 2%, unfortunately for tech their losses were just as high. Coming up, inflation data out of the US could impact Aussie markets tomorrow.
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Tom and Ryan look to the U.S first this morning where investors are holding their breath ahead of key U.S inflation data out tonight. Meanwhile the ASX is expected to open lower today ahead of earnings from AGL Energy. They look into oil prices which have hit a 9 month high. And the team have commodities and the AUD.
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Stevie and Laura are here to give you Wednesday’s closing market update. The market finished up today with 6 of the 11 sectors finishing higher. Financial came out on top and once again, health care had the biggest losses. Funeral provider Invocare was up after coming out of a trading halt, this was following the company agreeing to a takeover offer.
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Tom and Ryan start this morning with U.S regional banks which have seen some credit downgrades overnight. Ryan looks into a surprise bank tax announcement from the Italian government. Locally the Aussie market is expected to open lower ahead of Commonwealth Bank earnings results today. Plus this mornings commodities and the AUD.
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Steve and Laura are back for the CommSec Market Update on a day where low consumer confidence may have contributed to a flat Australian market. One of the strongest retail stocks of last year saw a drop in share price, James Hardie was a surprising driver of the market, and five of the sectors saw a decline. Steve and Laura also look at what could be next for the market as reporting season starts to ramp up and inflation stats are expected from China.
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Tom and Ryan deep dive into some of the biggest company results including Tyson Foods and Berkshire Hathaway, after the latter posted a record quarterly profit. Meanwhile, back in Australia, Ryan looks at results from building materials company James Hardie. Tom touches on European market performance overnight, plus the team have this mornings commodities and the AUD.
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The stock market started off the week down today with 6 of the 11 sectors finishing lower. Health care fell the most while real estate was the biggest gainer. Estia health saw gains after agreeing to a takeover offer and Lake Resources was the worst performer overall, hitting a 2.5 year low after responding to an ASX query. Ahead, inflation in the US will be in the spotlight at the tail end of the week. While reporting season starts to ramp up locally.
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Tom and Ryan look to Wall Street first this morning which has ended lower after a mixed U.S jobs report. Meanwhile Apple shares weigh on U.S markets. Ryan looks into oil prices which have risen for a sixth straight week. And Tom has this mornings commodities and the AUD.
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The market ended the week up after two days of declines. The sectors were mixed with 7 of the 11 sectors closing up, tech came out on top while health care declined the most. Clothing retailer City Chic was up after news that they would exit the EU market and Afterpay owner Block was down after handing down quarterly results.
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Tom and Ryan look to U.S shares which have eased overnight ahead of key results from Apple and Amazon. Meanwhile Aussie shares are expected to open modestly higher today. Oil prices rise as Russia and Saudi Arabia keeps supplies tight. And the Bank of England lists interest rates. Plus the team have this mornings commodities and AUD.
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The market closed down for a second straight session with 10 of the 11 sectors seeing losses. Telecom was the only sector gaining today thanks to Telstra and engineering company Downer was down. Coming up, some big names in the US market reporting profits.
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Tom and Ryan look at the downgrade of the U.S Government credit rating and what this means for the markets today. Meanwhile Aussie shares are expected to open lower ahead of trade and retail spending data. Tom looks at the performance of some insurance stocks and Ryan previews the Bank of England’s interest rate decision. Plus the team have the commodities and the AUD.
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The market was down today, finishing up with the worst day in a month. All 11 sectors were down today after all of them seeing gains yesterday. Travel company Helloworld was among the top performers today and EVT limited who own Thredbo, and various hotels and cinemas were down following a downgrade in expectations.
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Tom and Ryan look at U.S stocks which are treading water as investors await a flood of economic and corporate news. They discuss yesterdays RBA decision. And Ryan looks into a sharp fall in European markets focusing on under pressure German Automakers. Plus this mornings commodities and the AUD.
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August is off to a great start with the market ending higher and interest rates on hold for a second meeting. All 11 sectors finished in the green with tech coming out on top. Bedding company Adairs was up after a logistical update and telco TPG was up after receiving a takeover offer.
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Tom and Ryan start local today where the ASX is expected to start positive. Meanwhile they look at U.S performance for July which adds to 5 straight months of gains. The team preview today's RBA rate decision and Ryan marks the start of Australia’s corporate reporting season. Plus the team have this mornings commodities and the AUD.
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It’s the first day of the week and the last day of the month, which means we’re looking back at July and looking ahead to August. The question on everyone’s lips, will we get a rate hike tomorrow? It was a volatile end to the month, but the key index recovered in the final two hours of trade to end higher by around 7 points or 0.1%. Eight of 11 sectors were higher with Healthcare up 0.6%. For the month the ASX200 rose 2.9% with Energy leading the way, up 8.8%.
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Wall Street has pushed higher off the back of better than expected inflation figures. Meanwhile Aussie shares are expected to begin the week on the front foot as Tom and Ryan look forward to a key decision on interest rates tomorrow. Plus the team discuss the importance of todays Chinese manufacturing figures and Tom has the commodities and AUD.
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The winning streak is over with the Aussie sharemarket following the US lead, ending lower on Friday. The ASX/S&P 200 index fell by 52.3 points or 0.7% with the All Ordinaries index down 56.5% or 0.7%. The ASX 200 index rallied by around 45 points in the last 90 minutes of trade but couldn’t claw back the morning losses. Only two sectors ended higher with Utilities up 0.1%. But Property trusts lost 2% and Materials fell 1.2%. All sectors rose over the week with Energy up 3.4%.
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Mixed results from the U.S overnight as the Dow Jones snaps its longest winning streak since 1987. Ryan looks into strong performance from fast food giant McDonalds. Tom discusses European rate hikes. Ryan previews consumer spending figures back here in Australia. Plus the team have this mornings AUD.
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Chief economist Craig James is back once again for tonight’s market close update. Aussie shares continue to move towards record highs on Thursday Both the All Ordinaries and ASX 200 indexes rose near 55 points or 0.7%. Nine of 11 sectors rose. The materials sector saw declines today after numerous days of gains and real estate came out on top. US interest rates hit an all time high
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Tom and Ryan unpack the rise in U.S interest rates to 5.5%, which is the highest in 22 years, and what this meant for the market. Meanwhile the ASX is expected to open flat today following yesterdays inflation data. Ryan looks into a Wells Fargo stock buyback and Tom gives an update on Rio Tinto’s results. Plus this mornings commodities and the AUD.
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The market closed in the green today, hitting a 5 month high. 8 of the 11 sectors finished up with materials on top once again and real estate on the bottom.
Inflation data decreased to 6% today, which was lower than expected and will there be an interest rate increase in the US?
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The Dow Jones has performed well again hitting its best winning streak in 6 years. Meanwhile Wall Street has climbed on big tech enthusiasm. Ryan looks into Aussie shares which are expected to open higher today ahead of crucial inflation data. Plus the team look at this mornings commodities and the AUD.
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The market was back up after 2 days of losses, gaining almost half a percent. Despite the gains, only 4 of the 11 sectors ended in the green today, with materials coming out on top. Dominos was back in the spotlight again after being the worst performer today. Looking ahead, inflation data tomorrow and big tech profits out in the US tonight.
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Tom and Ryan look into strong Dow Jones performance ahead of a week of earnings and economic data. They highlight AMC shares which have climbed off the back of the Barbenheimer phenomenon. Plus they dissect lithium production results and bring you this mornings commodities and the AUD.
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It’s a new week and the market has closed down by 0.10%. 7 of the 11 sectors ended higher despite the losses, with energy coming out on top and materials on the bottom. Telix Pharmaceuticals was a top performer today after a rocky week last week and Core Lithium had their worst day in over a year. It’s going to be a big week ahead with US interest rates and inflation data out locally!
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Craig joins Ryan today as they reflect on another milestone for the Dow Jones. Ryan looks into developments in Ukraine which could impact key commodity prices. Plus they look ahead to a big week of central bank action and Aussie inflation data.
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It was a bitter end to the week with the market closing down by 0.15%. 5 of the 11 sectors finished higher, energy was the best performer while tech took a hit, lowering 2.73%. Coronado Resources lifted after its earnings results. But Newcrest fell on the back of disappointing earnings results from its US takeover bidder Newmont. Ahead next week, inflation data will be in focus in Australia. Overseas, interest rate decisions by the US Federal Reserve and ECB will take the spotlight.
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Craig joins Tom this morning as they look at U.S stocks which posted mixed results off the back of the latest earnings figures. Craig looks at what recent jobs figures mean for interest rates. Tom looks into some of the key European markets. Plus the team look into this mornings commodities as well as the AUD.
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The market closed up marginally today by just 0.02%, with 8 of the 11 sectors finishing lower. The health care sector came out on the bottom today while the financial sector saw another day of gains. The jobs data released today was stronger than expected and Telix Pharmaceuticals were the worst performer on the market today after they released quarterly results
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Tom and Ryan look at the Dow Jones this morning which has jumped for its eighth straight winning day. Meanwhile U.K inflation cools offering some relief to the Bank of England. Ryan looks at Aussie jobs data in which is in focus today. Plus this mornings commodities and the AUD.
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The market was up on Wednesday after 3 day of losses. Only 2 of 11 sectors fell, led lower by miners. Banks were the standout for a 2nd day while energy stocks showed strong improvement. Imugene and Brainchip were the top 2 performers after both being granted US patents. Locally tomorrow, jobs data will be in focus which could impact the next interest rate decision.
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U.S stocks advance overnight spurred by solid bank earnings and tech strength. Meanwhile oil prices climb on the back of expected economic support in China. Mixed retail report weighs on U.S government bonds and Rio Tinto is set to release a production report today. Plus this mornings commodities and the AUD.
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The market closed lower for a second session with 7 of the 11 sectors in the red. Healthcare and financials were on top today, with companies such as CSL seeing gains. The RBA July minutes were released today which gave investors insight into upcoming interest rate decisions and finally, what's happening tomorrow?
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Tom and Ryan look to U.S stocks which posted pensive gains overnight. Meanwhile Aussie shares are expected to fall ahead of todays Reserve Bank meeting minutes. Weak Chinese growth casts a shadow over luxury goods stocks. Plus this mornings commodities and the AUD.
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A new week has begun with the market ending it’s 4 day winning streak, closing just 0.06% down. 7 of the sectors finished higher despite today’s losses. Endeavour group, owner of Dan Murphy's and many hospitality venues, was down after new pokies regulations in Victoria. A big week ahead with data out from the US and the latest RBA meeting minutes expected.
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Tom and Ryan look at Wall Street’s Friday performance and what that means for the upcoming week. They discuss the ramifications of the new RBA appointment. Plus they preview Chinese economic data out today and Tom looks at this mornings AUD and commodities.
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The market saw another day of gains on Friday with 9 of the 11 sectors lifting. This lead to the best week for the market since November last year. Michele Bullock has been named the next RBA Governor, replacing Philip Lowe in September. Mining and energy stocks were standouts today insurance companies were down. Stay tuned for a big week ahead next week
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U.S stocks have lifted yet again off the back of better than expected inflation figures. Meanwhile Aussie shares have lifted as well in response. Ryan looks into Swatch shares which rallied overnight driven by a rebound in China. And the team look at some breaking news regarding RBA Governor Philip Lowe. Plus this mornings commodities and the AUD.
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The Australian share market has enjoyed its best day in 6 months off the back of an encouraging inflation slowdown in the U.S overnight. Meanwhile China is expected to extend some policies to support its ailing property market following further disappointing trade data today. Plus the team look into some star performers today including Alliance Aviation Group who surged off the back of a deal with Incitec Pivot.
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The team look to Wall Street first this morning where they're celebrating better than expected inflation figures. Ryan looks at Aussie shares which are expected to open higher ahead of Chinese trade data. We look at some interest rate movements in Canada overnight. Plus commodities and AUD.
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The Aussie market extended its gains to a second session with 8 of the 11 markets lifting. Tech company Megaport was the top performer for a second day, while Bellevue Gold did worst, but this follows a big lift yesterday. Looking ahead, inflation figures out of the US will be in focus.
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The team start with U.S shares this morning which have ended higher ahead of key inflation data. Tom looks into U.K wage growth which has hit record highs. Ryan previews RBA Governor Phillip Lowe’s speech today. Plus the team have this mornings commodities and the AUD.
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The market ended up today by 1.50% after 4 days of losses. All sectors gained today with tech coming out on top, thanks to Megaport's shares being up 33%. Gold miners stood out today and funeral home operator Invocare was up after news delaying a potential takeover offer. Coming up, what will we hear from the RBA tomorrow and will NZ raise interest rates?
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U.S shares snap a 3 day losing streak as traders await inflation data. Ryan looks at some key chipmaker shares off the back of U.S/China talks. In Australia the team look at Aussie business and consumer confidence surveys. Plus Tom has the AUD.
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The market saw declines for a fourth session today, dipping to just 7004 points. Tech was the only sector to gain today, with consumer staples worst off. Today's decline was following inflation data out of China which deepened concerns about the state of its economy. Ardent Leisure who own Dreamworld rose after reporting a 70% lift in revenue over the year and Magellan Financial Group continued to fall.
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U.S stocks continue to retreat overnight as job figures point to more rate hikes. The ASX 200 is set to kick off in positive territory today having suffered its worst week of the year. Tom and Ryan look ahead to the economic news of the week. Plus they have this mornings commodities as well as the AUD.
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The Aussie market tumbled by 1.7% today, following a negative lead from Wall Street after economic data pointed to more rate hikes than previously expected. Only 8 of 200 stocks on the ASX200 lifted today and unsurprisingly, all 11 sectors were down. Regis Resources was best after a record year of gold production and Paladin energy declined after announcing it wasn’t able to secure the sale of its Canadian joint venture.
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Wall Street records sharps losses as labour market strength stokes rate hike fears. And Australian shares look set to end the week in a disappointing fashion as a result. The team look into the launch of Threads, a brand new twitter rival. Plus Ryan looks into todays oil prices and Tom has the AUD.
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Stevie and Laura are back for the Thursday market close update. It was another day of losses for the ASX 200, with tech being the only sector seeing minor gains. This was after concerns around the state of China’s recovery after questions around its ability to repay its property debt emerged today. BHP was the worst performer today and dragged the market after a rise in iron ore prices and fund manager Magellan fell 8% after recording $2b in outflows in June.
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The team look to the U.S this morning where markets have reopened after the Independence Day holiday. Meanwhile the Australian sharemarket is expected to have another poor session after a disappointing night on Wall Street. And Ryan looks at Meta’s new platform which will rival Twitter.
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Laura is back with Stevie once again for the CommSec Market Update, returning on a day where the ASX has taken a dip. With US markets closed overnight they unpack the state of the market explaining how data out of China impacted numbers today. They share which 9 sectors saw a fall today, look at some successes in small mining and energy stocks, and unpack what to expect in the coming 24 hours.
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With Wall Street closed for Independence Day Tom and Ryan look to the European markets this morning. Ryan unpacks the RBA’s decision to pause rate hikes. Tom explains how U.S petrol prices can affect the election, plus the team look at some key commodities this morning plus the AUD.
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Stevie is flying solo for tonights market close update. The market closed up for a third session along with 6 of the 11 sectors. This was after the highly anticipated interest rate announcement resulted in unchanged interest rates. There have been 12 rate hikes since May 2022 and encouraging signs of slowing inflation last week. Find out which stocks improved following the Aussie central bank’s decision, what might be next for interest rates and some key things to watch in the next 24 hours.
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Ryan digs into some housing data this morning and also looks at pay increases which are on the rise. Meanwhile it was a quiet session on Wall Street after an early close for Independence Day. Plus the team look at commodities and the AUD.
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The new financial year is off to a good start with the first day of ending with a positive finish. 9 of the 11 sectors also finished in the green with tech and healthcare being the only ones in the red. Costa Group was the top performer today, just in front of United Malt Group, who were up today after agreeing to a takeover deal from a European company. Coming up, will we get another rate hike tomorrow?
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Tom and Ryan look to the U.S where Wall Street celebrates following a lower inflation reading. Back in Australia house price gains ease as further rate hikes expected. And the team look to the week ahead, plus review this mornings AUD and commodities.
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It’s new financial years eve and the market celebrated by finishing in the green, along with 8 of the 11 sectors. The market ended in positive territory for the week, the month, the quarter and the financial year. Downer EDI was the best performer after winning a $4.6b contract with the QLD government. Imugene rose after making progress in its cancer treatment study. Ahead, the Reserve Bank will hand down its interest rate decision on Tuesday at 2:30pm. Laura and Stevie also discuss the highlights of this financial year.
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Tom and Ryan look to the U.S first where investors have held their nerve overnight as the head of the Federal Reserve hints at more rate hikes. The team dig into some strong retail data at the end of the financial year. Ryan looks into important China data coming today. Plus Tom covers this mornings commodities.
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The one and only Steve Daghlian has returned just in time for this week’s Thursday closing update. The market finished ever so slightly down today, along with 7 of the 11 sectors. Bega cheese was down for a seventh day and purchasing managers data out from China tomorrow. Join us again tomorrow for the end of the financial year!
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Tom and Ryan look at U.S stocks which have consolidated overnight as central bankers continue to talk up interest rates. Tom looks into potential U.S export restrictions on microchips and how this may affect tech markets. Ryan previews today’s all important retail sales figures. Plus this mornings commodities and AUD.
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The market is making back some of last weeks losses after two straight days of gains. The monthly report on consumer prices showed the annual inflation rate falling from 6.8% to 5.6% in May, well short of economist forecasts centred on 6.1%. Almost all sectors finished up except for Utilities. Harvey Norman rose on new profit guidance and Ramsay Healthcare rose after it said it was exploring the sale of a joint venture business.
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Tom and Ryan look to the U.S first this morning where investors have piled back into tech shares on Wall Street overnight. Meanwhile European shares have inched up on a China boost but rate hike fears limit gains. And the team assess inflation data released today. Plus this mornings commodities and the AUD.
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Laura is joined by Craig for your Tuesday market close update. The market broke its four day losing streak today, gaining 0.56%. 6 of the 11 sectors also finished up, with Real Estate coming out on top. The company behind KFC was on top today and Bega was down despite the sale of their Port Melbourne factory. Coming up later this week we have inflation data for May.
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Tom and Ryan take closer look at the market implications of geopolitical tensions in Russia. Meanwhile global stocks have eased with concerns over growth. Ryan takes a look into movements in the electric vehicle space. And Tom has this mornings AUD.
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The last week of this financial year is here and it has started with the ASX200 dropping for a fourth straight session. Only 2 of the 11 sectors managed to lift. Whiskey producer Lark Distilleries saw their share price drop and Silk Laser was up after agreeing to Wesfarmers purchase offer. Gold was a bright spot after developments in Russia over the weekend which strengthened commodity prices. Looking ahead, inflation and central banks will be in focus this week.
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Tom and Ryan look at U.S and European stocks this morning which have faltered at the prospect of lower growth and higher interest rates. They highlight the manufacturing sector which is continuing to decline globally. Ryan looks at the financial impact of the failed military coup in Russia. Plus the team look to the week ahead.
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It’s another bad day for the market with the ASX closing down, with only 18 of the 200 shares gaining. 9 of the 11 sectors were also in the red with energy performing the worst after a decline in oil prices. The Bank of England increased rates more than many expected and lithium companies came out on top today. Coming up, international data coming out overnight and next week will be the last of the financial year!
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Technology stocks have driven Wall Street higher overnight as Federal Reserve Chair Jerome Powell wraps up his testimony. Meanwhile the Bank of England has announced a jumbo rate hike. Ryan looks into oil which has plunged on demand fears. Plus this mornings commodities and the AUD.
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Craig and Laura are back with the Thursday market closing update. The market closed significantly lower today along with all of the 11 sectors. If the market fell 0.02% more it would have ended with the worst day in three months. Investors are disappointed that stimulus measures haven’t yet been announced in China. At the same time the US Federal Reserve chair, Jerome Powell, warned that another two rate hikes could be applied in coming months. The Aussie dollar weakened to US67.6 cents.
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Tom and Ryan look to Wall Street this morning with a sell off as Fed Chair Powell hints at further hikes. Meanwhile stubborn U.K inflation turns the heat up on the Bank of England. And Ryan looks at commodities where oil rallies as grain markets tighten.
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Join Laura and Craig for the Wednesday evening market update. The ASX closed down today after 7 days of gains along with 10 of the 11 sectors.
Multiple airlines struggled today as well as Flight Centre, who declined following their investor day. Coming up, US Chair of the Federal Reserve, Jerome Powell, will be giving two speeches overnight.
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Tom and Ryan look to the U.S where shares are down as investors look towards two consecutive days of testimony from the head of the Federal Reserve Jerome Powell. Meanwhile minutes from the RBA board meeting show interest rate decision was finely balanced. Tom looks at what’s coming up today, plus this mornings commodities.
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Laura is joined by CommSec Chief Economist Craig James to give you update you on Tuesday’s market performance. The market closed up for a 7th straight session, gaining over 3% over the last five days. 10 of the 11 sectors finished in the green today, with the healthcare sector being the only to decline. Shares slightly declined for media group ARN after they bought a 14.8% stake in rival Southern Cross Media, who as a result were the top performer on the All Ords today. Lake resources were the worst performer for the 2nd straight day after their worst day in 2 years.
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With Wall Street closed overnight, Tom and Ryan look at Europes response to global growth concerns. Plus the team look locally into the RBA minutes as well as Chinese interest rates which are in focus. Plus this mornings commodities and the AUD.
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Craig joins Laura today as they unpack the Australian sharemarket which defied a negative lead from Wall Street to post firm gains on Monday. Meanwhile trading was generally quiet as investors looked ahead to key central bank events later in the week. Laura highlights a major sale in the gambling industry, plus the team look ahead at what to watch for tomorrow.
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It’s a new week and Tom and Ryan are back for another morning report. They discuss the conversations around the market, the future of rate rises, AI, the Chinese market and take a look at the week ahead. The US market will be closed on until our Wednesday for the Juneteenth holiday.
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Laura is back to tell us which markets performed best this week and Chief economist Craig James looks at what market moving events are scheduled for next week. The Aussie sharemarket extended its winning streak to a 5th session, lifting by over 1% with AGL the big winner of the day lifting 10 percent. Looking ahead, Central banks and the topic of interest rates are expected to dominate market proceedings next week.
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Tom and Ryan look to Europe this morning where the European Central Bank has hiked interest rates. Meanwhile Wall Street continues to build on earlier improvements. Plus Ryan looks into commodities prices and Tom looks at some key home builders in the U.S as well as the AUD.
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Laura is once again joined by Chief Economist, Craig James for today’s market close update. The Australian sharemarket took a strong employment result in its stride today with the market closing in the green, along with 7 of the 11 sectors. The health care sector fell for the second day in a row and IAG was the best performer today. Finally, a big night of data ahead in the US and Europe.
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Wall Street stocks end mixed after U.S Federal Reserve signals more rate hikes. Tom looks into some key health stocks, Ryan looks at some data out of China and the team look at Australia’s latest unemployment report. Plus commodities and the AUD.
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Chief economist Craig James is back with Laura for tonight’s closing update. The market closed higher today, thanks to the success of mining companies. 6 of the 11 sectors finished in the green today, with the healthcare sector falling the most due to CSL falling almost 7%. Consumer confidence hit a 3 year low and job vacancies were down for May. Finally, the US federal reserve meets tonight for an interest rate decision and jobs data for Australia tomorrow.
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Tom and Ryan look to the U.S where inflation relief pushes stocks higher overnight. Meanwhile iron ore prices jump on the back of a Chinese rate cut. The U.K has hit record employment numbers, plus this mornings commodities and AUD.
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Laura is joined by CommSec’s chief economist Craig James for this evenings closing update. It was a pleasant start to the short week with the market finishing in the green, along with 8 of the 11 sectors. Paladin energy was a stand out as the top performer on the ASX today but the same can’t be said for Domino’s, who are shutting up shop in various markets across the globe. Looking ahead, inflation data will come out of the US tonight.
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Wall Street hits 13 month high in anticipation of a pause of interest rates. Meanwhile important inflation data to be released tonight for U.S markets. Back in Australia shares expected to open higher despite declines in commodity prices. Plus this mornings AUD.
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Stevie and Laura are back to finish off what was a rollercoaster week for the market. The Aussie market pushed higher for the first time since Monday, with the ASX200 lifting 22.8pts, yet it was still not enough to see the week off on a high. Nickel Industries were the big winners of the day ending on a 13 percent increase, while Lovisa continues to plummet.
Despite the ASX being closed on Monday for the King's Birthday, major announcements from the US and Europe are expected to make next week just as interesting for the Aussie market.
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Tom is joined by Ryan ahead of the long weekend to discuss how a moderating economy impacted US stocks overnight, the reaction by European investors as a “mild” recession is entered, and something to smile about for Carvana stockholders. They pre-empt some important news from China, the bigger picture around Iron Ore, and discuss what could be ahead for today with the ASX 200 set to kick off with solid improvement.
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Stevie and Laura are back for your Thursday evening update. The market is down for a third straight session, along with 6 of the 11 sectors. Retailers, real estate and tech stocks were hit the hardest. Silverlake declined after flagging its mine in Canada will be out of action for longer following forest fires and Air New Zealand lifted after boosting earnings guidance
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Tom is joined by chief economist Craig (off the reserve bench) this morning following a lower finish for US stocks. They discuss an unexpected rate hike from Bank of Canada taking that rate to a 22-year high and unpack the possibility of further rate hikes in Australia. A US central bank rate hike could be imminent, inflation figures are discussed, and they look at what to expect in the day ahead.
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Join Stevie and Laura for the market close update! The market was ever so slightly down today, along with 7 of the 11 sectors. This comes a day after the RBA’s 12th interest rate hike in just over a year. Surgical company Polynovo lifted most after announcing record sales in May. Retailer Adairs hit a 5 year low today and Viva Energy facing major losses following an accident.
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A handful of golf stocks are up following the merger of rivals LIV Golf and PGA. Meanwhile financials lead U.S share market gains. In Australia shares are expected to rebound ahead of GDP release. Plus this mornings commodities and AUD.
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Stevie and Laura are back with your market closing update. The market closed in the red for the first time this month, along with 10 of the 11 sectors. The RBA announced another interest rate increase today, the 12th in the past year which lead to an anxious market. Sigma healthcare rose after winning a contract with Chemist Warehouse. Finally, Apple’s shares briefly hit a record high before finishing in the red.
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Tom and Ryan look to the U.S where stocks fade as signs of moderating economic growth wade on sentiment. In Australia shares are expected to fall ahead of today's RBA meeting. Plus this mornings commodities and AUD.
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It’s the start of another week, which means Laura and Stevie are back with the closing market update. The market has closed up for the third straight session, along with 9 of the 11 sectors. Energy company AGL shares were unchanged after being hit with a class action lawsuit and Apple will unveil its new products tonight which could impact its share price. Elders was up slightly after the CEO pushed back his retirement and BrainChip was the best performer today.
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U.S markets surge off the back of strong May employment data. Meanwhile the U.S avoids a debt default with the debt ceiling resolved. And ASX energy stocks in focus today as OPEC cuts oil production.
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The market has closed in the green for a second straight day. 6 of the 11 sectors finished higher. The Fair Work Commission announced a 5.75% to minimum and award wages today which impacted the market in the morning. Paladin was among the top performers again today and once again, retailer Lovisa was amongst the worst performers.
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U.S stocks advance off the back of debt ceiling progress with tech stocks leading the way. A softer U.S dollar points to improvements for mining and energy stocks today. And in the local markets we’re looking forward to a strong start today.
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It’s the start of another month and Stevie and Laura are here for your closing market update! The market took a turn and closed in the green today, along with 8 of the 11 sectors. Flower company Lynch Group lifted after raising earnings expectations due to strong demand and Imugene fell 9% despite dosing its first patient with its cancer treatment during clinical trials. Ahead, the Annual Wage Review will be in the spotlight tomorrow as this could impact the next interest rate decision.
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Tom and Ryan examine U.S debt ceiling negotiations where Wall Street is retreating in response. Meanwhile tech shares continues performing strongly. In Australia the market took a hit off the back of higher than expected inflation numbers and weaker economic figures out of China. Plus Ryan looks into strong home price gains in May.
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Laura and Stevie are back with your Wednesday evening update and it's a big one! It was a bad end to the month with the market closing significantly down. Almost all sectors fell today with tech being the only one to rise ever so slightly. The inflation update today was higher than expected and over the month of May that market fell 3%. AI stocks continue to rally with Brainchip and Appen among the best. Finally, Paladin reassured investors it’s not aware of legislative changes that could affect the ownership of its mine.
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Tom and Ryan look to the U.S where markets remain pensive as some Republicans resist the debt ceiling deal. Meanwhile energy stocks are amongst the worst performers in Europe ahead of an OPEC meeting this weekend. Plus the latest commodities and AUD.
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Stevie and Laura a back on this Tuesday evening for your market close update. Yesterday’s gains didn’t last long with the market closing in the red today in a cautious session ahead of key inflation data due tomorrow. Communication services performed best, this was boosted by a lift in Telstra shares and Paladin Energy fell most on speculation that it’s mine in Namibia may be nationalised. Lastly, US and UK markets reopen tonight after a long weekend.
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While Wall Street closes for a public holiday, markets await debt a ceiling handshake deal to pass through congress. Tom looks at a handful of European elections and how they may affect markets. In Australia Ryan keeps an eye on Wesfarmers who are hosting a strategy day. Plus the latest commodities and the AUD.
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We’re back for another Monday evening update and the market has seen it’s strongest gains since April. 9 of the 11 sectors rose and the US debt ceiling has finally come to a tentative resolution. Miners and banks led the gains today and AI stocks remained in focus, topping todays winners list. IDP Education was today’s worst performer after competition ramped up due to a move by the Canadian government over the weekend. Finally, Laura and Stevie have a look at the week ahead.
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Market relief after a breakthrough on the U.S debt ceiling issue overnight, and Tom looks at the ripple affects back here in Australia. Meanwhile A.I technology continues to drive markets higher with a focus on Intel. And Ford partners with Tesla to give customers access to EV superchargers.
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The market is celebrating the end of the week with a positive close. Mining stocks have bounced back after five days of losses but tech stocks were the clear winner of the week. Fisher & Paykel were the 2nd worst today after a decline in sales and buy now, pay later provider Humm has been hit with a stop order from ASIC. Finally, a look towards the upcoming weekend next week
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Technology stocks lead Wall Street higher overnight with chip maker Nvidia forecasting revenue 50% higher than expected. U.S debt ceiling talks remain slow but progress has been made. A key U.S inflation indicator shows an easing annual growth rate. Plus this mornings commodity prices and AUD.
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The Aussie sharemarket fell by more than 1%, hitting a 2-month low and extending its losing streak to a fourth day. Treasury Wine Estates was the worst today after they had a drop in share price today after they announced they have seen a decline in sales this financial year. TWE is the parent company of popular wine brands including Penfolds and 19 Crimes. Debt ceiling conversations in the US and retail sales in Australia will be the focus tomorrow.
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Another failed debt ceiling talk continues to affect the markets. Meanwhile the Federal Reserve raises concerns about lack of progress with inflation in the latest meeting minutes. Aussie shares are expected to tumble on Thursday with a host of AGM's in focus. Plus at look at how all of this affecting commodities as well as the AUD.
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Stevie and Laura are here to give you Wednesday’s closing market updates. The market closed in the red today, along with 8 of the 11 sectors. Webjet was a top performer today with their shares hitting a 3 year high following their annual profit announcement. Clothing retailer Universal Store was the worst on the All Ords today, citing that youth are spending less due to cost of living pressures. Finally, Brainchip’s share price fell despite being approved for another US patent.
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Debt ceiling deadlock weighs on Wall Street once again. Tom and Ryan also look at under pressure European luxury good makers. In Australia travel agent Webjet releases its earnings. Plus the latest commodities and the AUD.
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Chief economist Craig James is back with Laura tonight for the closing updates. The market closed in the negative today and the debt ceiling talks in the US remain unresolved. Brain chip fell the most today with their largest single day decline for 2023 and Qantas was also down despite announcing an expected profit of 2.5 billion dollars. Finally, an update on the purchase offer between Silver Lake and St Barbara and a look ahead at tonight.
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Tom and Ryan look to the U.S first where Wall Street remains pensive ten days out from debt ceiling default. China has banned the sale of U.S Micron Technology products citing a national security risk. Pfizer shares have rallied off the back of a new weight loss pill. Plus the team look at commodities and the AUD.
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Stevie and Laura are here to give you today’s closing updates. The market is down again this Monday evening after ending last week on a high. Energy and tech were up but most other sectors fell. The buy now, pay later industry to be regulated and finally, the debt ceiling in the US will be discussed overnight.
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Tom and Ryan talk the U.S debt ceiling stalemate and how it’s affecting the markets. Foot Locker shares plunge off the back of tough outlook. Potential for new credit spending laws puts Buy Now Pay Later stocks on notice. The team also look a commodities and the AUD.
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The week has come to a close, and Laura and Stevie are here to give you the updates. The ASX lifted today and finished the week up 0.3%. Tech stood out again today and 9 out of the 11 sectors were up. Coal and gold miners were worst off today and Aussie biotech company Imugene was best on the ASX today after receiving clearance from the US FDA. Finally, a look ahead to next week and find out what ASX rabbit holes the team are going down.
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Tom and Ryan look to the U.S markets this morning where tech stock leads encouraging gains. Meanwhile the Japanese Government has thrown its support behind high demand microchip production. Back home the Australian market has been slow to respond to gains in the U.S. And Ryan looks at the results from graphite producer Syrah Resources as well as the latest commodity prices.
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You’re in for a treat this Thursday with Laura being joined by the one and only Tom Piotrowski for the closing update. The market ended high today, but remains down for the week. Tech stocks stood out as cloud-accounting firm Xero handed down profit results and lifted 9%. Jobs data came in softer-than-expected pointing to a rate pause in June. Finally, looking forward to tonight on Wall Street, debt ceiling talks are yet to reach a resolution and some big US retailers hand down profits.
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U.S Regional Banks show strong recovery in biggest one day gain since January 2021. Big Box retailers display resilience despite sluggish earnings expectations. Tesla shares rise overnight on encouraging outlook. U.S President Joe Biden has cancelled his Australian trip due to debt ceiling crisis talks. Plus this mornings AUD.
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Join Laura and Stevie as they give us Wednesday’s market close updates. Wages are up and the market is down for a second day in a row. Miners and banks weighed on the market, while tech rose most. Lake Resources performed best while fertiliser company Incitec Pivot performed worst. Jobs data is in the spotlight tomorrow, with the potential to move markets and influence the next interest rate decision.
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It's all about big box stores this morning as Tom and Ryan explore Home Depot’s earnings prediction miss which was the worst in 20 years. This despite U.S retail spending holding solid. The team also look at commodities and have this mornings AUD.
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Laura and Craig are back again this evening for Tuesday’s closing updates. The winning streak didn’t last with the market back down by 0.4%. Materials was the only sector to lift today and US based tech company, Life360 was the top performer on the market today. Looking ahead, updates on the US debt ceiling tonight and back in Australia, key updates on wages and jobs tomorrow.
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Tom and Ryan take a deep dive into the U.S market this morning where traders are pensive as politicians navigate a debt ceiling stalemate. In a surprising move, the Peoples Bank of China has held the one year lending rate steady. A flat start to trade is expected in Australia with James Hardy's earnings in focus. Plus the team look at commodities and the AUD.
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Steve is joined by Craig James, Chief Economist at CommSec today as they give you Monday’s closing market updates. The gains continued this week with the market closing in positive territory. Financials weighed heavy again today due to more banks trading ex-dividend. A takeover in the gold industry could create one of the world’s largest producer of gold. They preview some of the key things for investors to watch this week, including the latest out of China Finally, a look at the week ahead, two important updates, which could lead to even more interest rate hikes.
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Tom and Ryan look to the U.S where share markets have fallen slightly on Friday with weaker consumer confidence. Meanwhile the Peoples Bank of China is predicted to cut interest rates for the first time since 2022. Back in Australia shares are expected to open higher ahead of a big week of economic data. Plus the team look at energy prices as well as commodities and the AUD.
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Steve and Laura are back on this Friday night with the last update for the week. As expected, the market closed in positive territory tonight, snapping a 3 day losing streak. Most sectors did well today, with all but materials and energy on the up. Gold stocks struggled most, but followed huge gains since February due in part to the US suffering its second and third largest bank failures in American history. Almond prices might be on the rise after Select Harvest said it will be a bad year for it’s crop. Next week, watch key updates on jobs and wages, which could be important for upcoming interest rate decisions in Australia.
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Tom and Ryan look to Wall Street where markets have struggled to advance despite a better reading on inflation. Meanwhile US unemployment increases to an 18 month high. Elon Musk will step down as CEO of twitter with the Tesla share price climbing in response. Aussie shares are expected to end the week lower with REA Groups shares in focus. And the team have this mornings commodities.
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Join Steve and Laura as they give you today’s closing market updates. Unsurprisingly, the market is down for the third straight day, but not by much! Allkem was on top today after news of it's merger. 6 of the 11 sectors were up today, with Tech performing the strongest and Utilities the worst. Westpac fell after trading ex-dividend and weighed on the financials sector. UK Banks to announce its interest rate decision tonight. Finally, the market has been following a trend of performing badly in the morning and lifting in the arvo, will we be able to cross over to positive territory tomorrow?
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Tom and Ryan look at important inflation figures from the U.S overnight as Wall Street treads water. Slowing inflation and AI boost tech stocks. A merger in the Australian lithium sector creates the third largest lithium producer globally. Commodity prices weaker off the back of weak Chinese trade data. And the Bank of England set to lift interest rates.
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Laura and Stevie are back for your Wednesday evening market update. The market is down for the second day in a row, largely due to the financial sector. Only 4 of the 11 sectors lifted today, with healthcare coming out on top. Meanwhile Redbubble is aiming to cut costs by reducing its workforce by 23%. Lastly, did the budget impact today’s market? Listen to find out!
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Tom and Ryan look at yesterdays budget where Australia announced a surplus in the fastest improvement since World War II. Markets are pensive on Wall Street ahead of inflation figures due out tonight. Meanwhile the U.S debt ceiling deadlock threatens to push the country into an unprecedented default. The team also look at this mornings commodity prices and the AUD.
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It's federal budget night and Stevie and Laura are back to give you the run down on if it will have an impact on the Aussie share market. The market is down again today after a day of gains and losses. Consumer confidence has fallen with retail facing it's biggest fall since the pandemic and finally, banks are back up.
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Tom and Ryan look ahead to budget day with a surplus predicted to be announced this afternoon. US markets tread water ahead of important inflation figures. Ryan looks into what we can expect in the Australian share market today with energy shares predicted to rise off the back of strong oil prices. And the team look at commodities as well as the AUD.
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Laura and Stevie are back to give you Monday's closing updates. The market is off to a positive start with consumer staples was the only sector to fall. Once again lithium is in focus with most lithium stocks advancing and oil prices are up 4%. Finally, a look at the week ahead, including tomorrows federal budget and Commonwealth's quarterly update.
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Tom and Ryan look into how better than expected employment figures have spurred the US markets, as well as creating an inflation headache for the Central Bank. Warren Buffet gives a warning to shareholders at the Berkshire Hathaway Conference. Ryan looks ahead to the Australian budget tomorrow and the team have the latest commodity prices with gold taking a dip.
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Stevie and Laura are back for the weekly market closing update. Today, the ASX 200 is back out of a 3 day losing streak. They recap how the market performed over the course of the week. Banks were in the spotlight with MQG and ANZ releasing profit result. AI company Brainchip was today's winner despite a rocky past and Medibank was in the news due to the data breach last year. Finally, they give updates on the week ahead.
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Tom and Ryan look at how continued instability of the US banking system overnight weighs on the markets. Apple follows strong tech trends with its second quarter results. NAB shares plummet despite strong half-year results. Also looking ahead today to ANZs half-year results as well as the Reserve Banks semi-annual Statement of Monetary Policy, which is expected to signal future inflation challenges.
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Steve and Laura are back with today's closing updates. The Aussie market managed to recoup its earlier losses today following a tough night on Wall Street. Financials were under pressure today after NAB posted weaker-than-expected profit results. Super retail group fell most on the ASX 200.
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May the 4th be with you! This morning Tom and Ryan look how the US Federal Reserve rate hike has affected the markets. Back in Australia NAB is set to release its 1H23 trading update today with positive expectations. Ryan looks at the latest commodity prices and they look at this mornings AUD.
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Laura and Steve are back to give us today's closing market update. The Aussie market declined to have its worst day in 6 weeks. Energy stocks were hit hard after oil declined 5% overnight. Gold stocks stood out as 8 of 10 best performers, as investors retreated to the safe haven asset. Tonight the US Federal Reserve is due to make a decision on interest rates. Consumers are still spending on hospitality but remaining cautious with retail.
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Ryan and Tom look into Australian shares which are expected to extend losses after the reserve banks latest rate hike. Shares on Wall Street dive as well as concerns about bank stability re-emerge. They crack into a rollercoaster of developments in the share market overnight and give you the latest commodity prices as well as this mornings AUD.
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Join Laura and Steve for today's closing market update. They discuss today's big announcement from the RBA, another rise to interest rates and a volatile close to the market. Lake Resources remains in the top 3 stocks for the 2nd day in a row and a big day expected tomorrow with the European and UK markets reopening after holidays.
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Tom is joined by Ryan this morning as they look ahead to important interest rate decisions coming down the pipeline both in Australia and overseas. They explore consumer concerns over slow growth and high inflation, and what this means for you. They look at the JP Morgan acquisition of First Republic Bank in the US, and check in with the AUD and this mornings commodity prices.
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Steven Daghlian is joined by Laura Besarati for a market close report, a recap of the market in April and a look towards the month ahead. Best + Less have received a takeover offer and Lithium remaining cautiously optimistic. It's a big week for interest rates, with an announcement coming from the Reserve Bank tomorrow afternoon
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Tom Piotrowski is joined this morning by Ryan Felsman, CommSec Senior Economist, as tech once again bolsters the US markets. Home prices have risen across Australia with Sydney leading the way from the latest CoreLogic figures. And Tom looks at the AUD and other key commodity prices.
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In this final day of a month that has proven to be a ‘mixed bag’ across markets, join Steven for this episode of the CommSec Market Update. While the last couple of weeks have seen some challenges with commodity prices falling, this has proven overall to be the second-best month of the year for the ASX. Steven reveals the standouts for today including Megaport who saw shares skyrocket almost 40%, and Pilbara Minerals who also saw gains. Steven looks to the week ahead where interest rates will be front and centre and reveals how the earnings of the major banks may impact the market.
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Impressive results from the marquee tech names including Meta Platforms, overshadow concerns over slowing US economic growth. Join Tom Piotrowski for this Morning Report where he looks at the rise of tech and explores why European markets are lagging behind the US. Plus, he outlines what to look forward to in the market today and things to watch for the weekend.
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The Australian market has fallen for a 5th straight session but is still on track to rise for the month of April. Join Laura for this market close report where she looks at the best performers with one having seen a 24% increase in share price since this time yesterday. Laura discusses the 4 sectors that have seen rises, looks at losses and considers what we are likely to see happen in the day ahead.
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US sharemarkets were mixed on Wednesday. Shares in Microsoft rose by 7.2% following its upbeat earnings result. In response, shares in Amazon rose 2.4%. But despite better-than-expected first quarter results and a US$70-billion share buyback plan, shares in Alphabet (Google parent) fell by 0.1%. Shares of First Republic Bank fell 29.8% after a report suggested that the US Government was unwilling to intervene in the bank's rescue process. The Dow Jones index fell by 229 points or 0.7%. The S&P 500 index lost 0.4%. But the Nasdaq index rose by 55 points or 0.5%. After the close, shares in Meta Platforms rose more than 11% after releasing earnings.
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The Australian sharemarket eased for a fourth straight session, with the ASX 200 falling by just 0.08%. Encouraging signs that inflation has likely peaked and continues to decline, helped push the index off its session lows.
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Aussie shares are poised to open down by 37 points or 0.5% on Wednesday after a disappointing trading session on Wall Street on Tuesday. Fears over a US economic slowdown and Chinese demand concerns weighed on the Materials (-2.2%) sector. Technology shares fell 2.1% ahead of earnings results from Microsoft and Google-parent Alphabet. European shares dipped on Tuesday as Spain’s Santander led a slide in bank shares.
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Earnings results were mixed. Shares in Procter & Gamble rose by 3.5% in response to its earnings result. Shares in Freeport-McMoRan fell 4.1% in response to a halving of its first quarter profit. The Dow Jones index rose by 22 points or 0.1%. The S&P 500 index rose by 0.1%. And the Nasdaq index rose by 13 points or 0.1%. Over the week the Dow fell by 0.2%; the S&P 500 lost 0.1%; and the Nasdaq fell by 0.4%.
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The Australian sharemarket fell for a second day, with the ASX 200 slipping by 0.43% due mainly to declines from our major banks and miners. While this snaps a 3-week winning streak, the local market remains on track to have to have its second best month of the year.
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Investors responded to weak economic data and 'disappointing' earnings from Tesla (shares down 9.8%), American Express (-1.0%) and AT&T (10.4%). Tesla noted weaker margins after the electric car maker slashed prices. But shares of DR Horton rose 5.6% after the homebuilder forecast full-year revenue above estimates. The Dow Jones index fell by 110 points or 0.3%. The S&P 500 index fell by 0.6%. And the Nasdaq index fell by 98 points or 0.8%.
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The Australian sharemarket ended flat for the 2nd straight day. The ASX200 index edged 3pts or 0.04% lower to 7362.
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Get ready for the upcoming week as we preview key inflation data, US earnings results, quarterly updates in Australia and more.
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Investors digested latest earnings releases. After posting results, shares in Morgan Stanley shares rose 0.7%, IBM lost 1.1% and Netflix fell by 3.2%. In response to Netflix earnings, shares in rival Walt Disney fell 2.2%. Shares in Elevance Health fell 5.3% on regulatory concerns with rival UnitedHealth down 3.6%. The Dow Jones index fell by 80 points or 0.2%. The S&P 500 index fell by less than 0.1%. But the Nasdaq index rose by 3.8 points or less than 0.1%.
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The Australian sharemarket pushed higher in late trade, with the ASX 200 lifting by 5.3pts or 0.07% to 7365.5. Strong gains from our larger mining stocks carried the index, while most sectors finished in the red.
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Investors digested latest earnings results. Shares in Bank of America rose by 0.6%. Shares in Goldman Sachs fell 1.7% after the financial firm reported a 19% fall in profit. Also in response to earnings news, shares in Johnson & Johnson fell 2.8%, Lockheed shares rose 2.4% after its first quarter results beat market forecasts. The Dow Jones index fell by 11 points or less than 0.1%. The S&P 500 index rose by 0.1%. And the Nasdaq index fell by 4.3 points or less than 0.1%. After market close shares in Netflix fell 0.7% in response to its earnings result.
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The Australian sharemarket fell slightly after hitting a 2-month high a day earlier. Data highlighted stronger than expected growth in China’s economy, the RBA Board minutes reaffirmed the possibility of a May rate hike, while energy stocks fell due to softer oil prices.
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Investors are awaiting key earnings results. Shares in Google parent, Alphabet, fell 2.7% on a report that Samsung was considering replacing Google with Microsoft parent, Bing, as the default search engine on its devices. The Dow Jones index rose by 101 points or 0.3%. The S&P 500 index rose by 0.3%. And the Nasdaq index rose by 34 points or 0.3%.
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The Aussie market climbed to a fresh 2-month high on Monday, lifting for 12 of the past 14 sessions. The ASX 200 index ended 20 points or 0.27 per cent higher to 7382.
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Investors booked profits at the end of the week. US bank earnings beat market expectations. And economic data was mixed. After releasing earnings, shares in Citigroup rose 4.8%; JP Morgan Chase rose 7.6%; but Wells Fargo eased 0.1%. Seven of the 11 S&P 500 sectors ended lower led by real estate. Financial markets have priced in a 74% chance of a rate hike at the next meeting on May 2-3. The Dow Jones index fell by 143 points or 0.4%. The S&P 500 index fell by 0.2%. And the Nasdaq index lost 43 points or 0.4%. Over the week the Dow rose 1.2%; the S&P 500 rose 0.8%; and the Nasdaq lifted 0.3%.
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The Australian sharemarket has improved for the 11th time in 13 sessions, with the ASX 200 extending its winning streak to a third week while remaining close to a 2-month high. Gold miners rose strongly.
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Falls in business prices in March and higher jobless claims raised hopes that the Federal Reserve could be close to the end of interest rate hikes. Investors now await the release of earnings results from major banks on Friday. Shares in Netflix rose 4.6% on a broker upgrade. Shares in Amazon rose 4.7%. The Dow Jones index rose by 383 points or 1.1%. The S&P 500 index rose by 1.3%. And the Nasdaq index lifted by 237 points or 2.0%.
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The Aussie market declined on Thursday, breaking its 2-day winning streak following stronger than expected jobs growth.
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Get ready for the upcoming week as we preview the key things for investors to watch, including US earnings, quarterly updates in Australia, the latest on China’s economy, consumer confidence, together with what recent numbers on US inflation and Aussie jobs could mean for rate hikes.
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US sharemarkets eased on Wednesday as investors weighed the latest inflation data and minutes from the last meeting of Federal Reserve policymakers. Investors now look ahead to business inflation data on Thursday and bank earnings results on Friday. Shares in American Airlines fell 9.2% after it forecast a lower-than-expected first quarter profit. The Dow Jones index fell by 38 points or 0.1%. The S&P 500 index fell by 0.4%. And the Nasdaq index fell by 102.5 points or 0.9%.
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The Aussie market climbed for the second straight day, with the ASX 200 index up by 34pts or 0.5% to 7344.
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US sharemarkets were mixed on Tuesday. Materials (up 0.7%) and industrials (+0.6%) led gains while technology lagged. Cryptocurrency shares rose after bitcoin rose above US$30,000.
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The Aussie market had its second best day this year, with the ASX 200 lifting by 91pts or 1.3% to 7310.
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Investors digested Friday's solid job data. Investors await inflation data over Wednesday and Thursday and the start of earnings season on Friday. Six of 11 S&P 500 sectors rose. But communication services fell by 0.7% while technology fell by 0.2%. Shares in Charles Schwab Corp rose 4.8% after the broker reported its second-highest ever influx of client assets in March. Reuters reported that shale oil producer Pioneer Natural Resources lifted 5.8% following a report that Exxon Mobil Corp held preliminary talks with the company about a potential acquisition. Chip stocks such as Micron Technology (shares +8%) rose on plans by Samsung to cut chip production. The Dow Jones index rose by 101 points or 0.3%. The S&P 500 index rose 0.1%. But the Nasdaq index fell by around 4 points or less than 0.1%.
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The ASX 200 ended its 8-day winning streak, falling by 18 points or 0.25% to 7219 on Thursday.
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Get prepared for the upcoming holiday-shortened week in markets as we discuss key updates on jobs, US inflation, why consumer confidence is important and what’s expected this US earnings season.
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Investors took on a defensive posture in response to the latest signs of a slowdown in the US economy.
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For an 8- day winning streak despite a negative lead from Wall Street. The ASX 200 closed 1 point higher to 7237.
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CBA Mining & Energy Economist, Vivek Dhar speaks with Tom Piotrowski about the outlook for coal, LNG and oil prices.
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CBA Mining & Energy Economist, Vivek Dhar speaks with Tom Piotrowski about his outlook for base metals prices and provides his views on lithium demand.
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CBA Mining & Energy Economist, Vivek Dhar speaks with Tom Piotrowski about how the banking crisis could impact commodity prices and provides his updated forecasts for iron ore prices.
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The Australian sharemarket ended higher on Tuesday, lifting for a 7th consecutive session and continuing its longest winning streak since March 2022.
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US sharemarkets were mixed on Monday. The S&P 500 and Dow Jones indexes both ended higher, lifted by energy stocks following surprise cuts to the OPEC+ group's oil output targets.
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The Australian sharemarket extended its winning streak to a fourth day, with gains across 10 of 11 sectors keeping the market on track to snap a 7-week losing streak.
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Intelligent Investor Deputy Head of Research, Gaurav Sodhi speaks with Tom Piotrowski about his outlook for iron ore prices and why he believes investors should be cautious when it comes to iron ore miners.
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Intelligent Investor Deputy Head of Research, Gaurav Sodhi speaks with Tom Piotrowski about his outlook for coal prices and why he’s expecting high double-digit dividends from coal miners.
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Intelligent Investor Deputy Head of Research, Gaurav Sodhi speaks with Tom Piotrowski about the current volatility caused by the collapse of Credit Suisse and Silicon Valley Bank, as well as why he’s cautious about investing in lithium producers.
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Aussie shares are poised to open up by 45 points or 0.6% on Monday after a solid trading session on Wall Street on Friday. Interest-rate sensitive information technology, consumer discretionary and real estate shares led major US indexes higher after inflation cooled in February. European shares posted gains on Friday after a record monthly drop in Eurozone consumer prices figures.
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While the Aussie market declined by ~1.1% in March due to the US banking turmoil, the ASX 200 improved for a fifth straight session, lifting by 0.78% on Friday thanks in part to our major miners.
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US sharemarkets climbed on Thursday, helped by gains in technology-related shares, while regional US bank shares eased and investors braced for key inflation data on Friday. The KBW regional bank index fell by 2%. The Dow Jones index rose by 141 points or 0.4%. The S&P 500 index gained 0.6% and the Nasdaq index added 87 points or 0.7%.
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The Australian sharemarket extended its winning streak to a fourth day, with gains across 10 of 11 sectors keeping the market on track to snap a 7-week losing streak.
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Get prepared for the upcoming week as we preview one of the most important Reserve Bank Board meetings in a year, the latest update on US jobs, dividend payments, market holidays and what the end of daylight saving time means for US trading.
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US sharemarkets advanced on Wednesday as upbeat outlooks from companies eased some worries about the US economy. The Dow Jones index rose by 323 points or 1%. The S&P 500 index gained 1.4% and the Nasdaq index added 210 points or 1.8%.
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The Aussie sharemarket lifted for the 3rd straight day, with the ASX 200 index lifting by 16 points or 0.23% to 7050.
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Washington H. Soul Pattinson (SOL) Chairman, Rob Millner speaks with Tom Piotrowski about the company’s half-year results, its investment in Macquarie Group and the potential fallout from the Credit Suisse collapse.
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US sharemarkets fell on Tuesday as a decline in technology shares halted a three-day advance in stocks as investors continued to recalibrate bets on the US Federal Reserve's path forward on interest rates. Megacap technology shares Apple (-0.4%), Alphabet (-1.4%) and Microsoft (-0.4%) were among the biggest drags on indexes.
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The Aussie sharemarket lifted for the second straight day on Tuesday, following a solid start to the week on Wall Street. The ASX 200 index rose by 72 pts or 1% to 7034.
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US blue chips rise on Monday but technology stocks slip on hopes for an easing of banking sector jitters.
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The Australian sharemarket started the week with modest gains, after hitting 7 straight weeks of declines at the end of last week. The ASX 200 index finished 7 points or 0.1 per cent higher to 6962, as investors were cautious ahead of two key economic updates due to be released this week, which could influence the cash rate decision at the Reserve Bank’s April meeting.
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Aussie shares are poised to open flat on Monday after a volatile trading session in Europe and the US on Friday. A steep fall in bank stocks sparked by a slump in Deutsche Bank shares weighed on European indexes. Wall Street ended a choppy week higher as US Federal Reserve officials eased US regional bank fears.
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The Australian sharemarket eased by just 0.19% on Friday, however has extended its losing streak to a 7th straight week. Hot inflation, rising interest rates and the recent US banking turmoil have weighed on markets.
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Investors weighed the possibility that the central bank will pause its restrictive interest rate hikes in the near future. Shares of Netflix climbed 9% following a report from YipitData that said the streaming giant's gross additions in Canada had improved. Microsoft (+2%) and Apple (+0.7%) shares led the tech-heavy Nasdaq index higher. Bank shares fell even after US Treasury Secretary Janet Yellen said in prepared remarks to lawmakers that the US government is prepared to take further measures to protect deposits, if needed. The KBW Regional Bank index slid 3% with First Republic Bank shares down 6%. Block shares slid 14.8% after Hindenburg Research disclosed its short positions in the company. At the close of trade, the Dow Jones index rose by 75 points or 0.2%. The S&P 500 index gained 0.3% and the Nasdaq index added 117 points or 1%.
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The Australian sharemarket fell by 0.67% on Thursday, ending a 2-day winning streak and keeping the market on track to extend its losses to a 7th straight week.
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Get set for the upcoming week as we discuss key updates which could determine whether the Reserve Bank raises rates in April, the US banking turmoil, billions in dividend payments and more.
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US Federal Reserve Chair Jerome Powell said that if the economy proceeds as policymakers expect, there won't be a case for interest rate cuts later this year as projected by markets. US Treasury Secretary Janet Yellen said that the she was not considering a broad increase in bank deposit insurance. In response, the KBW Regional Bank index fell by 5.3%. Shares of First Republic Bank slid 15.5% amid worries that it may need to downsize or seek government support. Pacific Western Bank (-17.1%) announced it had raised US$1.4 billion from investment firm Atlas SP Partners. Shares of Bank of America (-3.3%), JPMorgan Chase (-2.6%) and Wells Fargo (-3.3%) all fell. Nike shares slid 4.9% after the sports apparel maker raised its full-year revenue outlook but warned of margin pressures. At the close of trade, the Dow Jones index fell by 530.5 points or 1.6%. The S&P 500 index lost 1.7% and the Nasdaq index shed 190 points or 1.6%.
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The Australian sharemarket posted gains for the second consecutive session, after a strong lead from US and European sharemarkets, as confidence returned to the banking sector. The ASX 200 index rose 60 points or 0.9 per cent to 7015.6, lifting above 7000 points for the first time in four trading sessions.
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GQG Partners Chairman & Chief Investment Officer, Rajiv Jain speaks with Tom Piotrowski about investing in emerging markets, including Brazil, why he’s shying away from Chinese companies, and the reasons behind GQG’s recent $1.87 billion investment in embattled Indian conglomerate Adani Group.
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US stocks rose overnight, led by bank stocks after comments made by US Treasury Secretary Janet Yellen allayed concerns about the stability of the U.S. banking system. In European trade, equity markets added to the previous day’s gains as concerns about the European banking crisis faded, helped by suggestions the Federal Reserve could be less aggressive where the outlook for rate hikes is concerned.
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The Australian sharemarket rebounded on Tuesday following a strong lead on Wall Street. The ASX 200 ended 57 points or 0.8% higher to 6955, as investor sentiment bounced back after the government-backed takeover of Credit Suisse by rival UBS.
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There was a deal to rescue Credit Suisse and central bank efforts to bolster confidence in the financial system, while investors also weighed the likelihood of a pause in interest rate hikes from the US Federal Reserve this week. The KBW Regional Banking index rose by 1.5%. Shares of PacWest Bancorp lifted 10.8% after the bank said deposit outflows had stabilised, while New York Community Bancorp shares jumped 31.7% after the bank's unit agreed to buy deposits and loans from Signature Bank. But shares of Californian lender First Republic Bank slid 47.1% following a credit downgrade by S&P Global. Shares of major US banks Goldman Sachs (+2%), Morgan Stanley (+1.7%) and JPMorgan Chase (+1.1%) all lifted. Oil price gains boosted shares of Chevron (+1.5%) and Exxon Mobil (+2.6%). But shares of Amazon.com slid 1.3% following the company's plans to cut another 9,000 jobs. The Dow Jones index rose by 383 points or 1.2%. The S&P 500 index gained 0.9% and the Nasdaq index added 45 points or 0.4%.
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The Australian sharemarket extended last week’s losses on Monday, following a negative lead from Wall Street. The ASX 200 index fell by 96 points or 1.4 per cent to 6898.5. Overseas markets remained under pressure following the recent collapse of two US regional banks and the more recent decline of Credit Suisse.
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Aussie shares are poised to fall sharply on Monday after a sell-off in European and US sharemarkets on Friday. Wall Street and European shares fell as bank contagion fears sparked the latest equities sell off. Over the weekend UBS agreed to a US$3.25bn takeover of Swiss banking rival Credit Suisse.
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The Australian sharemarket edged higher on Friday, but still extended its losing streak to a sixth straight week. The 2nd and 3rd largest bank failures in US history since the weekend pushed our market 2.1% lower this week.
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Major US banks including JPMorgan Chase (+1.9%), Bank of America (+1.7%), Citigroup (+1.8%), Morgan Stanley (+1.9%) and Wells Fargo (+1.2%) agreed to deposit US$30 billion with First Republic Bank (+10%) in an effort supported by the US government to stabilise the Californian lender. The KBW regional banking index gained 3.3%. Shares of big technology names such as Amazon (+4%), Alphabet (+4.4%) and Microsoft (+4.1%) all lifted. At the close of trade, the Dow Jones index rose by 372 points or 1.2%. The S&P 500 index gained 1.8% and the Nasdaq index added 283 points or 2.5%.
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The Australian sharemarket fell by 1.5%, wiping out Wednesday’s gains and keeping the market on track to have its worst week in six months. While gold miners continue to lift, mining, energy and banking stocks weighed heavily.
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Get prepared for the upcoming week in markets as we discuss US banking collapses, upcoming interest rate hikes and the recent losses on the Australian sharemarket.
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Aussie shares are poised to fall sharply on Thursday after a sell-off in European and US sharemarkets overnight. European markets posted their worst day in over a year with Credit Suisse shares hitting record lows. Wall Street fell as global banking sector worries sparked the latest equities sell off. Oil slumps to a 15-month low.
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The Australian sharemarket snapped a three-day losing streak on Wednesday following a positive lead from Wall Street. The ASX 200 rose by 60 points or 0.9 per cent 7068.9, lifting for the first time this week.
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WiseTech Global Ltd (WTC) Founder & CEO, Richard White speaks with Tom Piotrowski about the company’s half-year results, its recently announced agreement with global freight forwarder Kuehne + Nagel, and plans for its North American operations.
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A positive start to trade is expected in Australia on Wednesday after several days of losses. Wall Street rebounded as largely in-line US inflation data and waning fears over contagion in the US banking sector cooled expectations regarding the size of the US rate hikes. European markets close higher led by gains in the banking sector. Oil tanks ahead of the release of Chinese economic data later today.
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The Australian sharemarket fell for a third day, with the ASX 200 sliding by 1.4% as the collapse of two US banks continued to weigh on markets.
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US sharemarkets were mixed on Monday in choppy trade with many bank shares lower, as investors started to think the US Federal Reserve could ease up on interest rates hikes to guard against contagion from the Silicon Valley Bank collapse. At the close of trade, the Dow Jones index fell by 90.5 points or 0.3%. The S&P 500 index slid 0.2% but the Nasdaq index rose by 50 points or 0.5%.
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The Australian sharemarket fell for a second day, with the ASX 200 sliding to a 2-month low following the collapse of US based Silicon Valley Bank.
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US sharemarkets tumbled on Friday after California banking regulators closed SVB Financial Group, parent of Silicon Valley Bank, after a run on its deposits. The failure of SVB, with US$209 billion of assets, is the second biggest US bank failure. The KBW regional banking index fell by 2.4% while the S&P 500 financials index lost 1.8% and the banks index fell 0.5%. The Dow Jones index lost 345 points or 1.1%. The S&P 500 index slid 1.5% and the Nasdaq index shed 199 points or 1.8%.
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The Australian sharemarket slumped by 2.3% on Friday, its worst daily decline in six months following heavy losses across US markets. The ASX 200 has now extended its losing streak to a fifth week.
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US sharemarkets tumbled on Thursday as investors worried that the US nonfarm payrolls employment report on Friday could spur aggressive interest rate hikes by the US Federal Reserve. At the close of trade, the Dow Jones index fell by 543.5 points or 1.7%. The S&P 500 index slid 1.9% and the Nasdaq index shed 238 points or 2.1%.
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The Australian sharemarket edged higher for the 5th time in 6 days, with the ASX 200 lifting by a modest 3.3pts or 0.05% to 7311.1. The market was held back partly by BHP Group, Rio Tinto, South32 and CSL Limited trading ex-dividend. Shares in accounting software company Xero rose most after announcing cost cutting plans.
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Get ready for the upcoming week as we preview key updates on Aussie jobs, US inflation, the latest on China’s economy, dividend payments and more in The Week Ahead podcast.
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The Australian sharemarket has snapped a 4-day winning streak, following heavy declines from mining, energy and bank stocks. The declines follow hawkish comments by Fed Chair Jerome Powell, which opened the door for further US interest rate hikes.
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Woodside Energy Group (WDS) CEO, Meg O'Neill speaks with Tom Piotrowski about the company’s half year results, outlook for commodities as well as the pipeline of its development projects.
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US sharemarkets tumbled on Tuesday after US Fed chief Jerome Powell signalled that officials are ready to speed up the pace of policy tightening and take interest rates to higher levels to control rising consumer prices. Recession worries weighed on US banks. At the close of trade, the Dow Jones index fell by 575 points or 1.7%. The S&P 500 index shed 1.5%. And the Nasdaq index slid 145 points or 1.3%.
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The Australian sharemarket has extended its winning streak to a fourth day, with the ASX 200 lifting by 0.49%. While the Reserve Bank raised the official cash rate for a 10th straight month, it also acknowledged the recent weak data on jobs, wages and economic growth.
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Adairs Ltd (ADH) CEO Mark Ronan speaks with Tom Piotrowski about the company’s half year results, the status of supply chains post Covid lockdowns and its strategy to navigate challenges including elevated costs and headwinds for consumer spending.
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US sharemarkets were mixed on Monday ahead of testimony from US Federal Reserve Chair Jerome Powell and the latest jobs data scheduled later in the week. At the close of trade, the Dow Jones index rose by 40.5 points or 0.1% after being up 181 points earlier in the session. The S&P 500 index gained 0.1%. But the Nasdaq index fell by 13 points or 0.1%.
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The Australian sharemarket rose for a 3rd day, with the ASX 200 up by 0.62%. While energy and mining stocks fell, most other sectors advanced ahead of tomorrow’s widely expected Reserve Bank rate hike. This would make it the central bank’s 10th straight lift and take the cash rate to an ~11-year high of 3.6%.
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Tom Piotrowski speaks with Santos (STO) CEO & Managing Director, Kevin Gallagher about the company’s full year results, including the progress of its Dorado LNG project in Western Australia and how it plans to navigate the energy transition.
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US sharemarkets advanced on Friday as US government bond yields eased from their recent highs, driven by speculation that the US central bank won't raise interest rates beyond peak levels already priced in. US government bonds rose on Friday (yields lower), unwinding earlier losses after a stronger-than-expected US ISM services index was released.
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Despite a 0.39% lift for the ASX 200 on Friday, the Aussie market has extended its losing streak to a fourth straight week. Mining and energy stocks were the lone improvers this week on signs China’s economy is bouncing back from Covid-19 lockdowns at a faster than expected pace.
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Market Analyst Steven Daghlian wraps up the half year profit reporting season, including the highlights, themes, drivers, rate hike impacts and how different areas of the local sharemarket are handling the hottest inflation in decades.
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US sharemarkets rose on Thursday after Federal Reserve Bank of Atlanta President Raphael Bostic said the US central bank could be in a position to pause interest rate hikes sometime in the US summer. With less than an hour left of trade, the Dow Jones index was up by 275 points or 0.8%. The S&P 500 index gained 0.5% and the Nasdaq index added 49 points or 0.4%.
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The Australian sharemarket finished only slightly firmer on Thursday, as gains from energy and mining stocks were offset by losses across all other nine sectors. BHP Group, Rio Tinto and Fortescue Metals rose by ~4% on signs of a quicker rebound from Covid-19 lockdowns in China.
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Get set for the upcoming week as we preview the Reserve Bank’s interest rate decision, everything you need to know about dividend payments, together with other key events which could move markets.
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Mining and energy sectors got a boost on data showing a strong lift in Chinese factory activity. And in the US, factory activity rose, but so did prices. With 45 minutes of trade to go in the US, major indexes were lower by as much as 0.8%. The Aussie dollar is US67.50 cents. Oil, gold, iron ore and base metal prices all rose. The futures suggests a flat start for Aussie shares.
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The Australian sharemarket had a choppy start to the month, with the ASX 200 recovering from this morning’s low to finish just 0.09% lower. Data highlighting a faster than expected drop in the January inflation rate helped support retail and tech stocks. Mining and energy companies rose most however, thanks to signs China’s economy is recovering at a stronger than anticipated pace from Covid-19 lockdowns.
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CommSec Senior Economist Ryan looks back at the Aussie and global sharemarket’s performance in February. Hotter-than-expected inflation data fuelled trader bets that central banks will have to do more to bring prices under control. While in Australia the corporate reporting season underwhelmed with the ASX 200 index down 2.9% in February.
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Zip Co (ZIP) Co-Founder and Global COO, Peter Gray speaks with Tom Piotrowski about the company’s half-year results, the outcome of its recent strategic review, and how it plans to keep losses under control.
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US sharemarkets were mixed on Tuesday. The Dow Jones index came under pressure as Goldman Sachs shares fell 3% after Chief Executive David Solomon said the bank is considering "strategic alternatives" for its consumer business. Norwegian Cruise Line shares slid 11.9% after reporting a larger-than-expected loss in the fourth quarter. Target's shares gained 2.1% after the retailer announced upbeat holiday-quarter sales. Meta Platforms shares rose 4.5% after the Facebook parent said it was creating a new top-level product group focused on generative artificial intelligence. With less than an hour left of trade, the Dow Jones index was down by 187 points or 0.6%. And the S&P 500 index shed less than 0.1%. But the Nasdaq index added 34.5 points or 0.3%. In February, the Dow fell round 4%, the S&P 500 slid near 2.2% and the Nasdaq dipped around 1%.
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The Australian sharemarket rebounded from 7-week lows, buoyed by a positive lead in from Wall Street. The resource sector drove the gains today on optimism about the re-opening of the Chinese economy. But banks restrained the overall advance.
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US sharemarkets rose on Monday as investors tried to recover some ground after the main benchmarks logged their biggest percentage declines of 2023 last week on concerns about the impact of a tighter monetary policy.
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The Australian sharemarket had its second worst day of the year, with the ASX200 slumping by 1.12% to a fresh 6-week low. US inflation concerns weighed on mining stocks, while Fortescue Metals also traded ex-dividend.
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Lithium miner Pilbara Minerals (PLS) posted a seven-fold increase in half year revenue, a 989% jump in statutory profit and declared its inaugural dividend. The result was driven by higher lithium prices and increased production.
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The Aussie sharemarket is set to fall on Monday with ASX SPI futures pointing down after a disappointing night on Wall Street on Friday. The US central bank’s preferred inflation measure re-accelerated in January, spooking investors worried about aggressive rate hikes. It’s a huge day for Aussie companies with around 60 scheduled to release earnings results, while 10 stocks trade ex-dividend.
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US sharemarkets rose on Thursday in a choppy session amid uncertainty over US Federal Reserve policy and worries over a possible US recession.
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The Australian sharemarket fell for a third day, with the ASX200 slipping by 0.4% while remaining near six-week lows in the process. Mining stocks fell heavily on concerns that US interest rates could stay high for longer.
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Get ready for the upcoming week in markets as Chief Economist Craig James and Market Analyst Steve Daghlian take you through the key potential drivers, including inflation, profit results, updates on China’s economy and stocks trading ex-dividend.
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In “challenging market conditions” the world’s 2nd largest metals and mining company Rio Tinto (RIO) delivered a statutory net profit for 2022 of US$12.4 billion, down 41% on the previous year. RIO returned 60% of underlying earnings to shareholders as cash returns in 2022 and has upgraded capital expenditure plans for forthcoming years.
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US sharemarkets fell on Wednesday after minutes of the US Federal Reserve's latest meeting signalled that interest rates will be higher for longer amid ongoing inflation concerns
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The Australian sharemarket fell for a second day, with the ASX 200 slipping by 0.3%. The index bounced off this morning’s 6-week low however, following a weaker than expected update on wages growth. Domino’s Pizza fell most, while Origin Energy was the ASX 200’s strongest improver.
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A key catalyst for the declines was a new reading of the purchasing managers index that rebounded to hit an 8-month high. In other words, a case of good news= bad news. According to the futures market, Aussie shares may start trade 0.6% lower. The Aussie dollar is near US68.5 cents.
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The Australian sharemarket sank to a 5 ½ week low, with the ASX 200 slipping by 0.21% on losses across nine of 11 sectors. Our largest miner BHP Group (BHP) underperformed its peers after posting a 32% fall in half year profit and 40% decline in dividend due mainly to lower iron ore and copper prices.
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Australia’s largest mining company BHP Limited (BHP), has seen its profit slump by almost a third over the six months ended 31 December 2022. Lower prices for its key products of iron ore, copper and coal saw its first half dividend fall by 40% compared to the same time last year.
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The Australian sharemarket edged higher in cautious trade, with the ASX 200 up 4.7pts or 0.06 per cent to 7351.5. Banks bouncing back from last week’s significant declines helped keep the market positive on Monday.
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A flat start to trade is expected in Australia on Monday. Wall Street finishes mixed on Friday amid investor worries about rising interest rates. European markets close slightly lower. The latest batch of Aussie company earnings are released.
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The Australian sharemarket lost 0.86% on Friday, taking the losses this week to ~1.2%. Repeated comments warning of further rate hikes by the Reserve Bank Governor has contributed to the local market’s recent declines.
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Australia’s largest telecommunication company, Telstra Group Limited, posted a solid lift in income, underlying earnings and statutory profit over the six months ended 31 December 2022. The result was driven by growth in the mobile business and the contribution from acquisition, Digicel Pacific.
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Australia’s largest independent coal miner Whitehaven Coal (WHC) has released record profits as coal prices hit all-time highs, but its interim dividend fell short of market expectations weighing on its share price.
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US sharemarkets fell on Thursday after producer prices rose by the most in seven months in January and a fall in weekly jobless claims fed into fears that the US Federal Reserve will keep raising interest rates to tame high prices.
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The Australian sharemarket recouped most of Wednesday’s declines, with the ASX 200 lifting by 0.79%. A weaker than expected monthly employment report received attention while Thursday also marked one of the busiest days of the year for profit results.
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Get prepared for the upcoming week in markets as Chief Economist Craig James and Market Analyst Steve Daghlian talk profit results, why an update on wages will be key and what to expect globally.
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Get prepared for the upcoming week in markets as Chief Economist Craig James and Market Analyst Steve Daghlian talk profit results, why an update on wages will be key and what to expect globally.
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With 45 minutes to go to end of US trade the Dow Jones was down 50 points or 0.1%. The S&P 500 was flat and the Nasdaq was higher by around 70 points or 0.6%. The Aussie dollar is US69 cents. The Australian sharemarket is expected to lift 28 points or 0.4% at the start of trade.
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The Australian sharemarket had its second largest decline of the year so far, with the ASX 200 sliding by 1.06% and hitting a 4-week low in the process. While there was an even split between winners and losers on the broader market, heavy declines from the major banks weighed heavily on the ASX 200.
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Iron ore miner Fortescue Metals Group (FMG) has reported a 15% fall in first half profit reflecting higher costs and moderating iron ore prices, which were balanced by record shipments for the period. While the dividend was broadly in line with expectations, the dividend payout ratio slipped to 65% of earnings compared to 70% in the same period last year.
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With 45 minutes to go the Dow Jones is lower by around 80 points or 0.2% after tracking a 504 point range. The broader S&P 500 is up 0.2%. And the Nasdaq is up 60 points or 0.5%. The Aussie share price futures index (SPI) is signalling +7 points or 0.1% at the start of trade. The Aussie dollar is near US69.90c. In Australia, the focus shifts to key earnings results and the testimony to the Senate Budget Estimates by the Reserve Bank Governor.
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The Australian sharemarket edged higher by 0.18%, ending a three-day losing streak thanks to gains across most sectors. Temple & Webster, Ansell, James Hardie and Breville Group fell after handing down their latest profit results.
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Australia’s third largest company CSL Limited (CSL) posted a lift in revenues and underlying earnings (at constant currency) over the six months ended 31 December 2022. The result was driven by record plasma collections and strong demand for its seasonal flu vaccine.
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US sharemarkets advanced on Monday after a New York Federal Reserve consumer survey showed inflation expectations were little changed in January. Microsoft shares gained 2.7% following a price target increase by broker Stifel due to the tech giant's integration with ChatGPT. Meta Platforms shares added 3% on reports that the company was preparing to announce a fresh round of job cuts. Ford Motor (+2.8%) said it will collaborate with a Chinese supplier on a new US$3.5 billion battery plant for electric vehicles in Michigan. Shares of Fidelity National Information Services plunged 13.6% following its decision to spin-off its merchant payments business. With around an hour left of trade, the Dow Jones index was up by 284 points or 0.8%. The S&P 500 index rose 0.9% and the Nasdaq index added 135 points or 1.2%.
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The Australian sharemarket fell for a 3rd day, with the ASX 200 slipping by 0.21%. IAG and Endeavour (EDV) rose by more than 4% after handing down half year results, while The Star Entertainment Group (SGR) slumped by 20% to an all-time low after delivering a trading update.
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US sharemarkets were mixed on Friday. Growth-focussed sectors eased in response to higher bond yields. And shares in ride-hailing firm Lyft fell 36.4% as it cut prices to boost customer demand. At the close of trade, the Dow Jones index was up by 169 points or 0.5%. The S&P 500 index rose 0.2% but the Nasdaq index slid by 71 points or 0.6%.
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The Australian sharemarket’s 5-week winning streak has come to an end, with the ASX 200 slipping by 0.76% on Friday. New Hope (NHC), REA Group (REA), News Corp (NWS) and Domain (DHG) were among the biggest decliners.
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US sharemarkets fell on Thursday. Google parent Alphabet extended a two-day sell-off, down 5.2%, as concerns surfaced about the competency of its ChatGPT rival Bard. Shares of Microsoft fell 0.5% with Amazon.com shares down 1.7%. But shares of Walt Disney rose 0.2% after the company posted smaller-than-expected subscriber losses. PepsiCo shares gained 0.7% after reporting better-than-expected results. Luxury brand Tapestry jumped 4.2% on a strong annual profit forecast. With around an hour left of trade, the Dow Jones index was down by 204 points or 0.6% after being up more than 300 points earlier in the session. The S&P 500 index lost 0.6% and the Nasdaq index slid 91 points or 0.8%.
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The Australian sharemarket fell by 0.5%, easing for a fourth time in five days and keeping the market on track to end its 5-week winning streak.
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In part 2 of this series, Tom Piotrowski continues his conversation with PM Capital’s Global Opportunities fund Co-Portfolio Manager, Kevin Bertoli. The pair pivot from China to discuss the trepidation around the European economy. Kevin touches on the importance of valuation and the growth outlook in the European market, in particular European Banks, Siemens and Heineken.
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Get ready for another big trading week as Chief Economist Craig James and Market Analyst Steve Daghlian discuss the reporting season, preview a key update on Aussie jobs and explain how US inflation numbers could impact stocks.
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US sharemarkets were lower in late trade on Wednesday, with technology shares leading the way lower. Shares of Lumen Technologies shed 21.3% after it reported a fourth quarter loss. Chipotle Mexican Grill shares slid 4.8% after its latest results disappointed. Alphabet shares were down 7.4% after its new AI chatbot Bard delivered an incorrect answer in an online advertisement. Apple (-1.6%) and Amazon.com (-1.7%) shares also fell. CVS Health shares lifted 4.4% after its US$9.5 billion cash buyout offer for Oak Street Health (+5.1%). Uber gained 5% following better-than-expected earnings. With less than an hour left of trade, the Dow Jones index was down by 180 points or 0.5%. The S&P 500 index lost 1% and the Nasdaq index slid 186 points or 1.5%.
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The Australian sharemarket rose by 0.35% on Wednesday, lifting for the first time this week as banks, miners, insurers and building materials companies helped keep the ASX 200 positive.
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In part 1 of this 2 part series, PM Capital’s Global Opportunities fund Co-Portfolio Manager, Equities, Kevin Bertoli speaks with Tom Piotrowski about factors driving the Asian market at the moment and its impacts on global growth. In particular, the pair touch on the importance of China’s reopening, as well as the value in Ali Baba, and the commodity sector broadly leading into 2023.
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CommSec Market Analyst Steven Daghlian previews the February profit reporting season, including what it is and what to expect from a variety of sectors on the Australian sharemarket.
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In the US there was only one game in town on Tuesday and that was a speech by Federal Reserve chair Jerome Powell.
But investors absorbed the latest comments and with 45 minutes of trade to go the Dow Jones was up 100 points or 0.3% with the S&P 500 up 0.7% and Nasdaq up 1.1%. The futures suggests the Australian sharemarket will rise 13 points or 0.2% at the start of trade
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The Australian sharemarket fell by ~0.5% on Tuesday after the Reserve Bank raised rates for a 9th straight meeting and signalled more to come.
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Investors await a speech by Federal Reserve Chair Jerome Powell. With 45 minutes before the close of trade, US Dow Jones was down 40 points or 0.1%. The Australian sharemarket is expected to get off to a flat start ahead of Reserve Bank decision.
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The Australian sharemarket eased by 0.25%, ending a 3-day winning streak as markets await the Reserve Bank’s decision on interest rates tomorrow. Newcrest Mining (NCM) rose most after receiving a A$24bn takeover offer from US based Newmont.
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The Australian sharemarket looks set to hit fresh 9-month highs on Monday despite a poor finish to the week on Wall Street.
US shares were weighed down by the poor performance of megacap technology shares and soaring US government bond yields.
According to the latest SPI futures, the ASX 200 index is expected to open the day 12 points or 0.2% higher this morning, potentially building on five straight weeks of gains.
Aussie energy shares could be under pressure today with the US crude oil price slipping over 3% in Friday trade.
The Aussie dollar eased from around US70.70 cents to US69.15 cents following a hot US jobs report.
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The Australian sharemarket rose by 0.6%, improved for a third day and fifth consecutive week. Mining stocks weighed most on the ASX 200.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets were mixed on Thursday. Facebook parent Meta Platform's shares soared 24% - the most since 2013 - after reporting a fourth quarter beat on revenue and announcing a US$40 billion share buyback. Shares of Google parent Alphabet, Amazon.com and Apple rose by up to 5.8% ahead of their quarterly results. But shares of drugmaker Merck slid 3.5% on a lower-than-expected annual forecast. Around an hour before the close of trade, the Dow Jones index was down 252 points or 0.7%. But the S&P 500 index gained 0.7% and the Nasdaq index added 247 points or 2.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket edged higher for a second day, with the ASX 200 up 0.13%. Tech and retail stocks did best, while energy, mining, bank and insurance stocks held the market back.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Get prepared for the trading week ahead with a preview of the Aussie profit reporting season. Find out which US companies are set to share their earnings with investors and what to expect from the Reserve Bank when it meets on Tuesday.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
CommSec Senior Economist Ryan looks back at the Aussie and global sharemarket’s performance in January. Stocks globally rebounded, underpinned by signs of easing US inflation, the abatement of the energy crisis, hopes for less aggressive rate hikes, and better-than-expected economic activity in Europe and China.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets rebounded during Wednesday's trading session as investors shook-off a quarter-point rate hike from the US Federal Reserve. The tech-heavy Nasdaq index was boosted by gains in chipmakers after strong Advanced Micro Devices earnings. The chipmaker's shares rose 12.7%. Shares of fitness equipment company Peloton surged 24.8% after it narrowed its net losses from a year earlier. With around an hour left of trade, the Dow Jones index was up 86 points or 0.3% after being down more than 500 points at the session's lows. The S&P 500 index rose 1.2%. And the Nasdaq index added 246 points or 2.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.
We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket edged higher on Wednesday, recording its first improvement of the week. Follows the strongest January since 1986 for the ASX 200.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
WAM Leaders (WLE) Lead Portfolio Manager, Matthew Haupt speaks with Tom Piotrowski about the recent performance of the consumer discretionary and resources sectors, and explains why he sees value in LendLease and Dexus Property Group. The pair also discuss the upcoming earnings season as well as the impact of China’s reopening.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets rose on Tuesday. Investors were encouraged by data showing the smallest gain in labour costs in a year, helping long and short term interest rates move lower ahead of interest rate decisions from the US Federal Reserve, The European Central Bank and the Bank of England.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The local sharemarket eased for a second day as investors reflected on looming central bank decisions in coming days, in addition to much weaker than expected retail sales. In the process energising the discussion around the next move for the RBA at the policy meeting to be held next week.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets fell on Monday, dragged lower by declines in technology shares, as investors looked toward the US central bank's interest rate decision and earnings from big tech companies. With around an hour left of trade, the Dow Jones index was down 260 points or 0.8%. The S&P 500 index shed 1.1%. And the Nasdaq index dipped 220 points or 1.9%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket finished a touch lower on Monday, however this follows the ASX 200 hitting a 9-month high on Friday while remaining on track to have its best start to a year in decades.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Key inflation data met expectations. Across sectors, consumer discretionary rose 2.5% with energy down 1.8%. At the close, the Dow Jones index was higher by 29 points or 0.1% after earlier being up 215 points. The S&P 500 index rose by 0.3%. And the Nasdaq index rose 109 points or 1.0%. Over the week, the Dow rose 1.8%; S&P 500 rose 2.5%; and the Nasdaq rose 4.5%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Shares in Tesla rose 11% after better-than expected quarterly results. Shares in Chevron rose 4.8% after the oil producer said it would triple its budget for share buybacks to US$75 billion. Refinitiv reports: "So far, 126 companies in the S&P 500 have reported fourth-quarter earnings, with 69% topping consensus estimates. That compares with the average of the past four quarters of 76%. Analysts now see aggregate S&P 500 earnings dropping 2.7% year-on-year for the period." At the close, the Dow Jones index was higher by 206 points or 0.6%. The S&P 500 index rose by 1.1%. And the Nasdaq index rose 199 points or 1.8%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket fell by 0.3%, ending a 5-day winning streak as hotter than expected inflation all but locked in a February rate hike by the RBA.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors digested earnings figures. There was also a technical glitch shortly after the opening bell that briefly halted trading. After releasing latest results, shares in 3M fell by 6.2%; Verizon rose by 2.0%; General Electric rose by 1.2%; and shares in Travelers rose by 3.7%. Shares in semiconductors eased in response to profit-taking. At the close of trade the Dow Jones index was higher by 104 points or 0.3%. The S&P 500 index fell by 0.1%. And the Nasdaq index lost 30 points or 0.3%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.
We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket has extended its winning streak to a fifth day as strong gains from the mining sector offset declines from the banks. The ASX 200 remains within 2% of a record high
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Technology stocks - especially chipmakers - drove gains. Shares in Qualcom rose 6.6% with American Micro Devices up 9.2% on a broker upgrade. Baker Hughes fell 1.5% after missing earnings estimates. Shares in Spotify rose 2.1% after announcing a 6% cut of its global workforce. Shares in Tesla rose by 7.7% with Apple up 2.4%. The Dow Jones index finished trade higher by 254 points or 0.8% after earlier being up 407 points. The S&P 500 index lifted by 1.2%. And the Nasdaq index gained 224 points or 2.0%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket has had a cautious start to a busy holiday-shortened week, with lithium producers, gold miners and energy stocks helping most. An update on Australian inflation will likely be a highlight on Wednesday.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Shares in Netflix rose 8.5% in response to earnings figures. Shares in Google parent Alphabet rose 5.3% after announcing 12,000 job cuts. But shares in Goldman Sachs fell 2.5% after the Wall Street Journal reported that the Federal Reserve was probing the company's consumer business. At the close of trade, the Dow Jones index was up by 331 points or 1.0%. The S&P 500 index lifted 1.9%. And the Nasdaq index gained 288 points or 2.7%. Over the week the Dow fell 2.7%; the S&P 500 lost 0.7%; but the Nasdaq rose by 0.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The ASX 200 hit a fresh 9-month high and extended its winning streak to a third consecutive week, thanks to gains across energy and mining sectors. Next week’s highlight will likely be the December quarter update on Australian inflation Wednesday.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data pointing to a tight US labour market fuelled concerns that the US Federal Reserve will maintain its aggressive path of rate hikes. American Express, the only major US card company with credit exposure and highly sensitive to higher rates, fell 2.4%. Amazon.com (-1.9%) and Microsoft (-1.7%) were among the biggest drags on the market after announcing recent plans to cut thousands of jobs. Shares of Procter & Gamble fell 2.1% after warning of commodity costs pressuring profits. At the close of trade, the Dow Jones index fell 252 points or 0.8%. The S&P 500 index lost 0.8%. And the Nasdaq index shed 105 points or 1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose for the 10th time in 12 days, with the ASX 200 lifting by 0.57%. A weaker December update on employment has opened the door slightly for the Reserve Bank to keep rates on hold sooner than markets expected.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Get prepared for the trading week ahead with a preview of the key Aussie inflation report and what this could mean for interest rates, why company updates locally could move share prices and what to expect from the US earnings season.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Weak US economic data rekindled investor concerns about the outlook for growth and earnings. In speeches, St. Louis Fed President James Bullard and Cleveland Fed President Loretta Mester both stressed the need to raise rates beyond 5% to tackle inflation. Shares of IBM fell 3.3% after Morgan Stanley downgraded the stock to "equal weight" from "overweight." Microsoft's shares slid 1.9% after it announced plans to cut 10,000 jobs. At the close of trade, the Dow Jones index fell 614 points or 1.8%. The S&P 500 index lost 1.6%. And the Nasdaq index shed 138 points or 1.2%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket managed to edge higher on Wednesday, briefly touching another 8 1/2 month high.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Shares of Goldman Sachs slid 6.4% after the bank reported a bigger-than-expected drop in quarterly profit, dragging on the Dow Jones index. Insurer Travelers Companies shares fell 4.6% after forecasting fourth-quarter earnings below estimates. But shares of Morgan Stanley jumped 5.9% after the bank beat analysts' estimates for fourth-quarter profit as its trading business got a boost from market volatility. And Tesla shares gained 7.4% after the electric-vehicle maker's January retail sales surged in China following recent price cuts on its top-selling models. At the close of trade, the Dow Jones index fell 392 points or 1.1%. The S&P 500 index lost 0.2%. But the Nasdaq index added 16 points or 0.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket finished largely flat today in choppy trade, a day after hitting an 8 ½ month high. Iron ore miners were mostly lower on continued concerns of a potential Chinese crackdown on the commodity.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investor optimism over the global economy and signs that inflation is coming under control boosted shares. Real estate stocks led gains, up 2.1%. The continent-wide FTSEurofirst 300 index lifted 0.4%. And the UK FTSE 100 index was up 0.2%, inching closer to record highs. Asia-focussed financial stocks HSBC and Prudential rose 0.8% and 2.5%, respectively, on hopes that China's reopening from Covid lockdowns will boost the global economy. US sharemarkets were closed on Monday for the Martin Luther King Jr. Day public holiday.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose for a fourth day, with the ASX 200 lifting by 0.82% and hitting an 8 ½ month high in the process.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Shares in JP Morgan Chase rose 2.5% and Bank of America rose 2.2% after earnings beat forecasts. Shares in Wells Fargo rose by 3.3% and shares in Citigroup rose 1.7% despite quarterly earnings falling short of consensus profit forecasts. But shares in Tesla fell 0.9% after announcing price cuts on its electric vehicles in the US and Europe. At the close of trade, the Dow Jones index rose 113 points or 0.3%. The S&P 500 index gained 0.4%. And the Nasdaq index added 78 points or 0.7%. Over the week the Dow rose 2.0%; S&P 500 rose 2.7%; Nasdaq rose 4.8%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose for a third day and hit a fresh 5-week high following the first monthly decline in US inflation since May 2020. Stronger commodity prices continued to drive resource stocks north.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Get set for the trading week ahead with a preview of the Aussie jobs report, Chinese economic data and US earnings season.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets rose on Thursday as cooling US consumer inflation supported bets of smaller interest rate hikes by the US Federal Reserve. That said, investor concerns remained that the central bank was not close to pausing its policy tightening. At the close of trade, the Dow Jones index rose 217 points or 0.6%. The S&P 500 index gained 0.3%. And the Nasdaq index added 69 points or 0.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.
We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose for the sixth time in seven days, with the ASX 200 lifting by 1.2% and hitting a 5-week high in the process. All 11 sectors rose and BHP Group (BHP) hit another record high. An update on US inflation is due tonight.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.
We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket bounced back from Tuesday’s modest losses, with the ASX 200 lifting by 0.9%. Firmer iron ore prices helped our largest miner BHP Group (BHP) hit a fresh record high.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarketswere higher on Tuesday. Investors bet the upcoming December Consumer Price Index (CPI) could show further deceleration, potentially giving the US central bank room to slow the pace of its interest rate hikes. At the close of trade, the Dow Jones index rose 186 points or 0.6%. The S&P 500 index gained 0.7%. And the Nasdaq index lifted 107 points or 1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.
We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket snapped a 4-day winning streak, with the ASX 200 slipping by 20.3pts or 0.28% to 7131. Most sectors declined ahead of a key speech by Federal Reserve Chair Jerome Powell tonight and US inflation data on Thursday.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.
We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Technology led the gains. Shares in Tesla rose 5.9% with Reuters noting that "the electric-vehicle maker indicated longer waiting times for some versions of the Model Y in China, signalling the recent price cuts could be stoking demand." Shares in Apple rose by 0.4% and Microsoft lifted 1.0%. But shares in Macy's fell 7.3% after disappointing with holiday-quarter forecasts. At the close of trade the Dow Jones index was down by 113 points or 0.3% after earlier being up 304 points. The S&P 500 index was down 0.1%. But the Nasdaq index lifted by 66 points or 0.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.
We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket extended its winning streak to a fourth day, with the ASX 200 lifting by 0.6%. While 9 of 11 sectors improved, energy, mining, bank and retail stocks were among the best performers.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
While jobs rose as expected and unemployment fell, the services sector contracted for the first time since 2020. The Dow Jones index rose by 701 points or 2.1%; the S&P 500 index rose by 2.3%; and the Nasdaq index lifted by 264 points or 2.6%. Over the week the Dow rose 1.5% with the S&P 500 up 1.4% and the Nasdaq up 1.0%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors digested better-than-expected earnings reports and an improvement in consumer confidence. Nike shares soared 12.2% after the company topped earnings and revenue estimates for its most recent quarter. FedEx shares gained 3.4% on the delivery company's plans to slash US$1 billion in costs. Shares of cruise operator Carnival Corp jumped 4.7% after posting a smaller-than-expected quarterly loss. At the close of trade, the Dow Jones index rose by 527 points or 1.6%. The S&P 500 index lifted by 1.5% and the Nasdaq index added 162 points or 1.5%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.
We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Energy (+1.5%) and financial (+0.3%) stocks led gains after the Bank of Japan tweaked its monetary policy in a surprise move that would allow long term interest rates to rise more. Shares of drug maker Moderna rose 5.9% after the stock was upgraded by broker Jefferies to "buy" from "hold". Miner Newmont's shares jumped 4.4% as the price of gold climbed. But Tesla shares lost 8.1% after several brokerages cut the electric vehicle maker's target price on growing concerns of demand weakness. Shares of food producer General Mills dropped 4.6%, despite reporting better than expected quarterly revenue and profits. At the close of trade, the Dow Jones index rose by 92 points or 0.3%. The S&P 500 index lifted by 0.1% and the Nasdaq index added just 1 point or less than 0.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast.
We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors feared that the US Federal Reserve's ('the Fed') monetary policy tightening campaign could push the US economy into a recession. Shares of technology giants Apple (-1.6%), Microsoft (-1.7%) and Amazon (-3.4%) were weighed down by rising US government bond yields. Walt Disney shares fell 4.8% after ticket sales of "Avatar: The Way of Water" fell short of box office forecasts. Shares of casino operator Wynn Resorts dipped 5.2% after it committed US$2.2 billion to invest and operate in Macau. Shares of defence contractor L3Harris Technologies slid 3.6% following its US$4.7 billion Aerojet Rocketdyne (+1.3%) buyout. At the close of trade, the Dow Jones index fell by 163 points or 0.5%. The S&P 500 index dropped 0.9% and the Nasdaq index shed 159 points or 1.5%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Comments from US Federal Reserve officials unnerved investors worried that the central bank's campaign to counter inflation would push the US economy into a recession. New York Fed President John Williams said, "we're going to have to do what's necessary" to get inflation back to target. San Francisco Fed President Mary Daly said it is "reasonable" to believe that once the Fed's policy rates reached their peak they could stay there into 2024. The quarterly triple witching expiry of equity derivatives amplified market moves. At the close of trade, the Dow Jones index fell by 282 points or 0.9%. The S&P 500 index lost 1.1%, with the Nasdaq index down by 105 points or 1%. For the week, the Dow lost 1.7%, the S&P fell 2.1% and the Nasdaq shed 2.7%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket has fallen for a second day after global central banks continued to raise interest rates and flag more pain to come in 2023. The interest rate sensitive tech sector fell most.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
CommSec Senior Economist Ryan Felsman & Market Analyst Tom Piotrowski discuss the factors that could influence the Australian sharemarket during 2023, including the outlook for interest rates, inflationary expectations, in addition to the prospect of China’s reopening.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The US Federal Reserve's guidance for protracted policy tightening reduced hopes of the rate-hike cycle ending anytime soon and increased worries about a potential recession. Shares of Netflix slid 8.6% on media reports that the company would let its advertisers take their money back after missing viewership targets. Megacap technology shares Apple (-4.7%), Alphabet (-4.4%), Amazon (- 3.4%) and Microsoft (-3.2%) all weighed on major indexes. At the close of trade, the Dow Jones index fell by 764 points or 2.3%, its worst day since September. The S&P 500 index lost 2.5%, with the Nasdaq index down by 360 points or 3.2%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket fell 0.64% following a weak lead from Wall Street, the Federal Reserve flagging more rate hikes to come, a strong jobs report locally and sluggish data on China's economy.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
A policy announcement by the US Federal Reserve raised interest rates by an expected 50 basis points, however, its economic projections see higher interest rates for a longer period. Stocks came off session lows after US Federal Reserve Chair Jerome Powell suggested the central bank is getting "close" to reaching the end of its policy tightening cycle. At the close of trade, the Dow Jones index fell by 142 points or 0.4% after climbing 287 points earlier in the session. The S&P 500 index shed 0.6% and the Nasdaq index slid 86 points or 0.8%.
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Coolabah Capital Investments Chief Investment Officer Christopher Joye speaks with Tom Piotrowski about the fixed income market including bonds, housing, equities, commercial property and hybrids.
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The market rose by around two-thirds of one per cent today, and finished near session highs. Buying sentiment was supported by a rally in Wall Street stocks overnight, and an increase in the price of commodities like oil and gold. Looking ahead, some things that could drive volatility tomorrow include the US Fed’s rate hike decision, and Aussie unemployment data.
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There was a smaller than expected rise in US consumer prices raised hopes that the US Federal Reserve could soften its aggressive stance on interest rate hikes. Shares of Meta Platforms (+4.7%) and Google parent Alphabet (+2.5%) both rose. Higher oil prices pushed up shares of Chevron (+2.2%) and Halliburton (+7.9%). Moderna shares surged 19.6% on upbeat trial data for a skin cancer vaccine. At the close of trade, the Dow Jones index rose by 104 points or 0.3% after jumping 707 points earlier in the session. The S&P 500 index lifted 0.7% and the Nasdaq index added 113 points or 1%.
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The market climbed by as much as two-thirds of one per cent in early trade, but finished on a more modest note, with the gain of 0.3%. Financial stocks did most of the heavy lifting, but gains in the market were weighed by mining stocks, after the price of iron and gold fell overnight. Looking ahead, investors will likely have their focus on US inflation data, and a speech delivered by RBA Governor Philip Lowe.
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The New York Federal Reserve released consumer survey data showing inflation expectations declined in November. Shares of Microsoft rose by 2.9% following the tech giant's cloud deal worth US$2 billion to buy a 4% stake in the London Stock Exchange Group. Biotech firm Horizon Therapeutics shares surged 15.5% following a buyout offer from Amgen (-0.7%). Shares of Coupa Software soared 26.7% after agreeing to sell itself to private equity firm Thoma Bravo. Boeing shares gained 3.8% following reports that the airline is close to a deal with Air India. The Dow Jones index closed up by 529 points or 1.6%. The S&P 500 index gained 1.4% and the Nasdaq index added 139 points or 1.3%.
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The Australian sharemarket fell by 0.45% on Monday, as the final big week of 2022 kicks off quietly. Data on US inflation, the Federal Reserve’s 2-day meeting on interest rates and the latest on Australia’s labour market are all due this week.
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Investors' worries about inflation and interest rate hikes persisted after US producer prices rose more-than-expected in November. Shares of apparel company Lululemon Athletica slid 12.9% following a disappointing profit forecast. Chevron shares dipped 3.2% as crude oil prices eased. But Netflix shares gained 3.1% after Wells Fargo upgraded the video streaming giant to "overweight" from "equal weight". At the close of trade, the Dow Jones index fell by 305 points or 0.9%. The S&P 500 index dipped by 0.7% and the Nasdaq index shed 77 points or 0.7%. For the week, the Dow lost 2.8%, S&P 500 dropped 3.4% and the Nasdaq shed 4%.
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The Australian sharemarket rose by 0.53%, snapping a 3-day losing streak thanks mostly to solid gains from major mining stocks. The ASX 200 slipped by 1.2% this week.
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A lift in new claims for unemployment insurance was cited as evidence that the economy was slowing. Energy stocks fell 0.5% with technology up 1.6%. Shares in Moderna rose 3.2% after the US Food and Drug Administration authorised Covid-19 vaccine shots for children as young as six months of age. At the close, the Dow Jones index was up 184 points or 0.6%. The S&P 500 index was up 0.8%. And the Nasdaq index lifted 123 points or 1.1%.
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket has declined for a third day as the shaky start to December continues. Keep in mind that this follows the ASX 200 surging by ~14% from early October to late November thanks in part to softer than expected inflation data.
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The US sharemarket remained sluggish and on edge ahead of next week’s key inflation data and the Federal Reserve’s final interest rate meeting of the year. While the Dow Jones finished flat, the S&P500 slumped for a 5th straight day.
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Aussie market fell for a second straight day and was weighed by rising recession concerns over in the United States. Losses were broad, with most sectors losing ground. The Materials sector however, bucked the trend and was supported by a modest improvement in the gold and iron ore price overnight.
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US sharemarkets fell on Tuesday in response to fears of a global economic downturn. Investors are now pricing in a 91% chance of a 50 basis point rate increase by the Federal Reserve next week. Shares in Meta Platforms fell 6.8%, reacting to a report "on a EU ruling that said Facebook and Instagram should not require users to agree to personalized ads based on their digital activity." At the close, the Dow Jones index was down by 351 points or 1.0%. The S&P 500 index fell by 1.4%. And the Nasdaq index lost 225 points or 2.0%.
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The Australian sharemarket fell on Tuesday after the Reserve Bank raised rates for an eighth straight month and flagged more hikes to come.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
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Tribeca Investment Partners Portfolio Manager, Jun Bei Liu speaks with Tom Piotrowski about the factors currently influencing the market, the outlook for China as well as her views on various sectors including banks, consumer discretionary and lithium sector.
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Firmer-than-expected purchasing manager survey results added to concerns that the Federal Reserve will continue to lift interest rates aggressively. Financials fell 2.5% and energy lost 2.9%. Shares in Telsla fell 6.4% on reports of a production cut in China. According to CME Fedwatch, investors see an 89% chance that the US central bank will increase interest rates by 50 basis points next week to 4.25%-4.50%, with the rates peaking at 4.984% in May 2023. At the US close, the Dow Jones index was down by 483 points or 1.4%. The S&P 500 index fell by 1.8%. And the Nasdaq index lost 222 points or 1.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket edged higher on Monday, with the ASX 200 lifting by 0.33% thanks to solid gains from our mining and energy stocks. A highlight this week will be tomorrow’s Reserve Bank meeting, with the market widely expecting an eighth straight rate hike.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
US sharemarkets ended mixed on Friday after rallying off session lows. The US jobs report was firmer than expected but investors still expect the Federal Reserve to scale back rate hikes at future meetings. At the close of trade, the Dow Jones index was up by 35 points or 0.1% after being down 356 points earlier in the session. But the S&P 500 index fell by 0.1%. And the Nasdaq index lost 21 points or 0.2%. Over the week the Dow rose 0.2%, the S&P 500 rose 1.1% and the Nasdaq gained 2.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The market finished near session lows and wrapped the final session of the week on a rather negative note, with the ASX 200 slumping ~0.7%. Energy stocks and the Big 4 banks weighed on the market, while gold miners were amongst some of the best performers today.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
CommSec Market Analyst Divik Nigam dives into how global equity markets performed in November, and how they navigated through a confluence of issues including companies laying off staff amid a rising interest rate and inflationary environment.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
A contraction in US manufacturing activity clouded data showing a mild easing in inflation and solid consumer spending. Shares of Salesforce slid 8.3%, dragging down the Dow Jones index, after the software maker announced that its co CEO would be stepping down. Costco shares dropped 6.6% after November sales slowed to 5.7% from 7.7% in October. Dollar General shares fell 7.6% after the discount retailer cut its annual profit forecast. But a 3.7% lift in Netflix shares supported the Nasdaq index. At the close of trade, the Dow Jones index fell by 195 points or 0.6% and the S&P 500 index fell by 0.1%. But the Nasdaq index added 14 points or 0.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The market kicked off the month on a rather strong note, rising 1%. Much of the buying sentiment today was driven by a rally in the US overnight, after Fed Chair Jerome Powell signalled the possibility of smaller rate hikes in coming months.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Investors responded positively to the speech by Fed chair Powell, flagging a scaling back of the size of rate hikes while at the same time expecting rates to lift to higher levels than previously thought. At the close of trade, the Dow Jones index was up by 737 points or 2.2%. The S&P 500 index was up by 3.1%. The Nasdaq index rose by 484 points or 4.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The local sharemarket kicked trade off in negative territory but managed to finish with a gain of ~0.4%. Today’s improvement was largely driven by a softer-than-expected update on inflation, which entertained buying sentiment in more interest-rate sensitive areas of the market.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Higher oil prices boosted energy stocks but technology stocks eased. Investors are focussed on a speech by Federal Reserve chair Jerome Powell on Wednesday and the November job report on Friday. Investors are also hopeful that recent protests in China could lead to an easing of Covid restrictions. At the close of trade, the Dow Jones index was up by just 3 points. The S&P 500 index fell by around 0.2% and the Nasdaq index was lower by 66 points or 0.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The local sharemarket kicked trade off in negative territory following a rather disappointing trading session on Wall St overnight, but managed to finish with a gain of ~0.3%. Miners did most of the heavy lifting today, with the sector up ~1.7%, after the price of iron ore rallied. Local inflation update tomorrow.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
There were concerns that China may tighten its Covid-19 restrictions further, undermining prospects for global growth. The S&P 500 energy index slid 2.7%. Apple shares fell by 2.6% on reports that the company would see a production shortfall due to unrest at the world's biggest iPhone factory in China. Shares of Biogen slid 4.3% following a reported death in its experimental Alzheimer's drug trial. But Amazon shares rose by 0.6% on industry reports that spending on Cyber Monday might hit a record US$11.6 billion. At the close of trade, the Dow Jones index fell by 498 points or 1.5%. The S&P 500 index also lost 1.5% and the Nasdaq index slid by 177 points or 1.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The local sharemarket snapped four straight days of gains, driven mostly by declines across the resource sectors. Retail sales data showed that sales fell by the first time this year. A raft of economic data points are scheduled to be released later this week, which may rattle equity and currency markets.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
There were low trading volumes in a holiday-shortened session. A 2% lift in Boeing shares supported the Dow Jones index. But shares of Apple fell by 2% on news of reduced iPhone shipments from a Foxconn plant in China in November as production was hit by virus-related worker unrest. The Nasdaq and S&P 500 indexes were also weighed down by shares of Activision Blizzard, which dropped by 4.1% on news that the US Federal Trade Commission could block Microsoft from taking over the gaming company. At the close of trade, the Dow Jones index was up by 153 points or 0.5%. The S&P 500 index fell by less than 0.1% and the Nasdaq index shed 59 points or 0.5%. All three indexes ended the week higher. The Dow rose by 1.8%, the S&P 500 gained 1.5% and the Nasdaq was up 0.7%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The local sharemarket finished higher for the fourth consecutive session. Most sectors improved, but Mining & Energy stocks came under pressure after China recorded a surge in Covid-19 cases. A rally in the Big 4 banks helped lift the broader Financials sector 0.8% higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Ifo Institute in Germany reported a business climate index of 86.3, higher than analysts' forecast of 85.0 in a Reuters poll, and following a revised reading of 84.5 in October. Shares of world's largest classified ads company Adevinta and Polish insurer PZU jumped 7.2% and 6.6%, respectively after posting strong third-quarter results. The continent-wide FTSEurofirst 300 index lifted by 0.3% on Thursday but the UK FTSE 100 was unchanged.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket edged higher for a third day, as the ASX 200 remains near a 6-month high and is a touch over 5% away from a record high. Retailers were mixed ahead of the Black Friday sales. Nick Scali and Kogan.com both rose after flagging improved profits.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The meeting minutes from the US Federal Reserve showed that most central bank officials back a slowing in the pace of interest rate hikes. Shares of the world's largest farm equipment maker Deere & Co jumped 5.0% to a record high after reporting a higher-than-expected quarterly profit. Shares of Tesla lifted 7.8% after Citigroup upgraded the electric-vehicle maker's stock to "neutral" from a "sell" rating. But shares of 3D design software maker Autodesk slipped 5.7% after cutting forecasts for annual billing and free cash flow. At the close of trade, the Dow Jones index was up by 96 points or 0.3%. The S&P 500 index rose by 0.6% and the Nasdaq index added 111 points or 1.0%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket rose by 0.7% on Wednesday, lifting for a second day and approaching a 6-month high in the process. Most sectors improved, with Qantas (QAN) standing out after raising its profit expectations for the six months to 31 December 2022 by ~$150 million.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Energy led gains, supported by higher crude prices. Shares in retailer Best Buy rose 12.8% after forecasting a smaller drop in annual sales than previously estimated. But shares in discount retailer Dollar Tree fell by 7.8% after the company cut its annual profit forecast for a second time. At the close of trade, the Dow Jones index was up by 398 points or 1.2%. The S&P 500 index lifted by 1.4% and the Nasdaq index lifted by around 150 points or 1.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket rose by ~0.6% on Tuesday, enough to push the ASX 200 to near a 5-month high. While energy and mining stocks rose most, it follows declines for both sectors on Monday as China struggles to contain Covid-19 cases.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Investors worried that China may again ramp up Covid restrictions after reporting several deaths over the weekend. Shares of casino operator Las Vegas Sands dipped 2.9%. The S&P 500 energy sector index slid 1.4% as crude oil prices tumbled on reports that Saudi Arabia and other OPEC oil producers were discussing an output increase. Tesla shares dipped 6.8% following a US vehicle recall. But Walt Disney shares jumped 6.3% after announcing the return of Bob Iger as chief executive officer. At the close of trade, the Dow Jones index was 45 points or 0.1% lower. The S&P 500 index dropped 0.4% and the Nasdaq index shed 122 points or 1.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket eased by ~0.2% as gains from banks were offset by declines from our mining and energy stocks. The ASX 200 hit a five-month high last week.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Defensive sectors led the way but the energy sector fell 0.9% in response to lower oil prices. Shares in Gap Inc rose 7.6% after latest sales and profit results beat market forecasts. At the close, the Dow Jones index was up by 199 points or 0.6%. The S&P 500 index rose by 0.5%. The Nasdaq index was up by 1.1 points or less than 0.1%. Over the week the Dow was flat; S&P 500 fell 0.7%; and the Nasdaq fell 1.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket rose for a second day to finish the week just 0.09% lower. This followed a 7% advance for the ASX200 over the prior three weeks.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
US sharemarkets were weaker on Thursday. St Louis Federal Reserve president James Bullard indicated that interest rates would need to go higher by at least 1 percentage point. On a positive note Reuters reported that "Department store chain Macy's gained 15% and personal care products retailer Bath & Body Works surged 25.2% after the companies raised their annual profit forecasts." At the close, the Dow Jones index was down by 7.5 points or less than 0.1% after trading in a 376 point range. The S&P 500 index fell by 0.3%. The Nasdaq index was down by 39 points or 0.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket edged higher by 0.19%, ending a three-day losing streak. Mining and energy stocks fell most, with Westpac (WBC) also trading ex-dividend.
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Retailer Target disappointed with third quarter earnings and its outlook statement and its share price fell 13.1%. Shares in chipmaker Micron Technology fell 6.7% after is said it would reduce memory chip supply and cut its capital expenditure plans. But shares in home improvement retailer Lowe's rose by 3.0% after increasing its annual profit forecast. At the close the Dow Jones index was down by 39 points or 0.1%. The S&P 500 index fell by 0.8%. The Nasdaq index was down by 175 points or 1.5%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket fell slightly for a third day, with gains from major miners offset by losses from the banks. Nufarm, Aristocrat Leisure and GrainCorp all released profit results.
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The US sharemarket rose last night on softer than expected US business inflation data and stronger profit results from retailers Walmart and Home Depot.
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket finished only slightly lower for a second day, with mining and energy stocks holding the ASX 200 back after the index hit a 5-month high on Monday.
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
US Federal Reserve Vice Chair Lael Brainard said that it would be "appropriate soon" for the US central bank to reduce the pace of its aggressive monetary policy tightening. Investors were also encouraged by a meeting between the US and Chinese leaders at the G20 summit. Shares in Amazon fell by 2.3% after the New York Times reported that the tech giant was planning to lay off about 10,000 people in corporate and technology jobs starting as soon as this week. At the close, the Dow Jones index was lower by 211 points or 0.6% after earlier being up 216 points earlier in the session. The S&P 500 index fell by 0.9%. The Nasdaq index was down by 127 points or 1.1%.
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The Australian sharemarket finished only slightly lower on Monday, after hitting a fresh 5-month high this morning and follows three straight weeks of gains for the ASX 200. Mining and energy stocks rose strongly after commodity prices advanced, Chinese regulators announced support for their property sector and the easing of some Covid rules.
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Investors continued to favour technology stocks and smaller companies. Shares in Apple rose 1.9%, Amazon lifted 4.3%, Tesla rose 2.8% and Microsoft lifted 1.7%. Shares in companies exposed to the Chinese economy rose on news that the country will ease Covid restrictions. At the close of trade, the Dow Jones index was up by 32.5 points or 0.1%. The S&P 500 index rose by 0.9%. The Nasdaq index gained 209 points or 1.9%. Over the week the Dow rose 4.1%; the S&P 500 rose 5.9%; and the Nasdaq lifted 8.1% - the biggest gain since March.
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BetaShares Senior Investment Strategist, Cameron Gleeson speaks with Tom Piotrowski about investing in bond ETFs during an aggressive rate tightening cycle. The pair discuss the differences between fixed and floating-rate bonds.
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The Australian sharemarket surged by 2.8% and hit a 5-month high on Friday after US inflation slowed more than expected in October. Tech, property and retail stocks rose strongly, while a weaker US dollar and bond yields helped push commodity prices and miners higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Signs of cooling consumer prices in October raised hopes that the US Federal Reserve would soon start scaling down the size of interest-rate hikes. The data prompted traders to adjust their rate hike bets, with odds of a 50 basis point rate hike in December jumping to 73.5%. Shares of Amazon (+12.2%), Apple (+8.9%), Meta Platforms (+10.3%), Microsoft (+8.2%) and Tesla (+7.4%) all soared. At the close of trade, the Dow Jones index was up by 1,201 points or 3.7%, the most since May 18, 2020. The S&P 500 index rose by 5.5%, the most since April 6, 2020. The Nasdaq index gained 761 points or 7.4%, the most since March 24, 2020.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket eased by 0.5%, ending a 4-day winning streak ahead of tonight’s highly anticipated US inflation data, closer than expected US midterm elections and a sell-off in cryptocurrencies.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
There is uncertainty about the results of the midterm elections. Republicans are still favoured to win control of the House of Representatives. But the Senate race remains in the balance. Investors are now focussing on inflation data to be released on Thursday. Shares in Walt Disney fell 13.2% after the company reported more losses from its steaming video business. Shares in Meta Platforms rose 5.2% as the Facebook-parent said it would let go of 13% of its workforce, or more than 11,000 employees. Energy lost 4.9%. Weighing on investor sentiment was news that cryptocurrency exchange Binance had walked away from a bailout deal to acquire FTX. At the close of trade, the Dow Jones index was down by 647 points or 2.0%. The S&P 500 index fell by 2.1% and the Nasdaq index lost 263 points or 2.5%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket rose by 0.58%, improving for a fourth day and hitting a near 2-month high in the process. All eyes remain on the US midterm elections and Thursday’s inflation data. Mining stocks rose most, led by gold producer St Barbara Mines (SBM).
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Traders awaited midterm election results. All 435 House of Representatives seats and 35 Senate seats are on the ballot. Traders expect the House of Representatives to be won by Republicans with the Senate too close to call. So-called political gridlock is seen as positive for the sharemarket as it could crimp White House plans for more government spending. At the close of trade, the Dow Jones index was up 334 points or 1.0%. The S&P 500 index rose by 0.6% and the Nasdaq index rose by 0.5%.This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket edged higher for a third straight day ahead of US midterm elections and the latest on US inflation due Thursday. Banks bounced back from Monday’s heavy declines, while lithium miners, The a2 Milk Company (A2M) and The Lottery Corporation (TLC) all improved.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
BetaShares Senior Investment Strategist, Cameron Gleeson and Tom Piotrowski discuss how the bond market works. They also explain what bonds ETFs are, and how these investments can easily be included in a diversified portfolio.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Investors are focussed on midterm election results and inflation data over the week. Shares in Walgreens Boots Alliance gained 4.1% as VillageMD, a primary care provider backed by the pharmacy chain, said it will acquire Summit Health in a deal valued at nearly US$9 billion. Shares in Meta Platforms rose 6.5% on reports that it was planning to cut staff numbers. At the close of trade, the Dow Jones index was up 424 points or 1.3%. The S&P 500 index rose by 1.0% and the Nasdaq index lifted by 89 points or 0.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket moved higher on Monday thanks to significant gains from our major mining stocks and despite declines across the financial sectors.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
A mixed jobs report raised hopes that the Federal Reserve could scale back future rate hikes. At the close of trade, the Dow Jones index was up 402 points or 1.3%. The S&P 500 index rose by 1.4% and the Nasdaq index lifted by 132 points or 1.3%. Over the week, the Dow lost 1.4%; the S&P 500 lost 3.3%; and the Nasdaq lost 5.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The local sharemarket recouped some of its losses yesterday, and managed to secure its second straight weekly win, after climbing 0.5%. The Energy sector was the strongest performer despite a tumble in oil prices overnight. Mining stocks also helped lift the index.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
US sharemarkets tumbled on Thursday as investors worried that the US Federal Reserve would keep raising interest rates for longer than previously anticipated. Apple (-4.2%), Microsoft (-2.7%) and Alphabet (-4.1%) shares all slid as US treasury yields climbed. Shares of Qualcomm (-7.7%), Roku (-4.6%) and Fortinet (-13.7%) slumped on weak forecasts. Royal Caribbean Cruises shares rose 8.3% despite mixed results, while Etsy shares jumped 14.3% after beating revenue estimates. At the close of trade, the Dow Jones index fell by 146.5 points or 0.5%. The S&P 500 index dipped 1.1% and the Nasdaq index fell by 182 points or 1.7%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The local sharemarket followed in the footsteps of the US overnight, falling 1.8%. This comes after the US central bank flagged the possibility of more rate hikes to come in the months ahead. Losses were broad, with 10 (of 11) sectors declining, alongside 90% of stocks in the ASX 200.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
CBA Mining & Energy Economist, Vivek Dhar speaks with Steven Daghlian about electric vehicles, the key metals required to produce their batteries – including lithium, cobalt and nickel – together with the outlook for these commodities.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
CBA Director Mining & Energy Economist, Vivek Dhar speaks with Tom Piotrowski about his updated forecasts for oil, coal and iron ore prices. The pair also discuss the key uncertainties which have the potential to impact commodity prices.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Fed chair, Jerome Powell, said there was still ground to cover before the central bank reached a level of interest rates that would achieve the goal of reducing inflation to target levels. The Dow Jones index traded in a 932 point range before ending lower by 505 points or 1.6%. The S&P 500 index fell by 2.5% and the Nasdaq index fell by 366 points or 3.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Market Close 2 Nov 22: The Australian sharemarket edged higher in cautious trade ahead of what’s likely to be another large rate hike in the US tomorrow morning. The ASX 200 is currently on a three-day winning streak and hit a 7-week high.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
US sharemarkets fell on Tuesday in response to stronger-than expected economic data. Job openings rose in September, as did construction, although manufacturing activity slowed in October. 'Mega cap' technology stocks fell with Amazon down 5.5%. Shares in Uber rose 12.0% after giving an upbeat fourth-quarter profit view. Shares in Pfizer rose 3.1% after it raised sales estimates. But Eli Lilly fell 2.6% after trimming its profit forecast. The Dow Jones index lost 80 points or 0.2%. The S&P 500 index fell by 0.4% and the Nasdaq index fell by 97 points or 0.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket surged by 1.65% following the Reserve Bank raising interest rates by a modest 25 basis points or 0.25% as widely expected at its November meeting. All 11 sectors advanced, led by materials.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
CommSec Market Analyst Steven Daghlian looks back at the Aussie market’s performance in October, with stocks globally advancing despite hot inflation, rising interest rates, mixed US earnings and lockdowns in China.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Investors became cautious ahead of the US Federal Reserve rate decision on Wednesday. Information technology and communication services led the declines. Shares in Apple dropped 1.5% on a Reuters report that said production of its iPhones could slump by as much as 30% next month due to tightening COVID-19 curbs in China. The Dow Jones index lost 129 points or 0.4%. The S&P 500 index fell by 0.8% and the Nasdaq index fell by 114 points or 1.0%. In October, the Dow jumped 14.0% - its best month since 1976; the S&P 500 was up 8.0%; and the Nasdaq lifted 3.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket rose by 1.15% on Monday, ahead of what is widely expected to be the Reserve Bank’s seventh straight interest rate hike tomorrow. This also wraps up the second best month of the year for the ASX 200, with the index lifting by ~6% in October.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
US sharemarkets lifted solidly on Friday with broad-based gains being recorded. The Dow Jones index rose by 828.5 points or 2.6%. The S&P 500 index lifted 2.5% and the Nasdaq index gained 310 points or 2.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket fell by close to 1% on Friday, following further lockdowns in China and a pullback in iron ore prices. BHP Group, Rio Tinto and Fortescue Metals slumped.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
After releasing earnings, shares in Caterpillar rose 7.7%. Shares in McDonalds rose 3.3% after it beat same store sales estimates. Technology was dragged down by a 24.6% fall in shares of Meta Platforms (Facebook) after the tech giant provided downbeat guidance. The Dow Jones index rose by 194 points or 0.6% after earlier being up 549 points. But the S&P 500 index slid 0.6% and the Nasdaq index shed 178 points or 1.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket edged higher by 0.5%, lifting for a fourth straight day for the first time this month. Gains from our major resource stocks offset losses from the banks.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
There were renewed bets of a slowdown in the pace of interest rate hikes, while the Nasdaq index came under pressure from downbeat earnings results. Shares of Microsoft slid 7.7% after posting its lowest sales growth in five years. Google parent Alphabet (-9.1%) reported downbeat ad sales. Shares of Boeing tumbled 8.8% after it reduced its annual forecast for deliveries of its 737 jets. But Visa shares jumped 4.6%, boosting the Dow Jones index, after payments topped quarterly profit estimates. The Dow rose by just 2 points or less than 0.1%. But the S&P 500 index slid 0.7% and the Nasdaq index shed 228 points or 2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket edged higher by 0.18%, extending its winning streak to a third day despite hotter than expected inflation and the likelihood of additional rate hikes in the months ahead.
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Economic data was softer, highlighting the impact of higher interest rates and adding to speculation of a winding back of the size of rate hikes. Shares in companies reporting earnings were firmer with Coca Cola up 2.4% and General Motors up 3.6% while 3M rose 0.1%. Shares in Apple and Amazon rose ahead of earnings results later in the week. So far, nearly three quarters of the 129 companies in the S&P 500 have exceeded profit estimates, according to Refinitiv data. The Dow Jones index closed up by 337 points or 1.1%. The S&P 500 index gained 1.6% and the Nasdaq index rose by 246.5 points or 2.3%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket edged higher on Tuesday ahead of tonight’s Federal Budget, Wednesday’s key inflation data and banks earnings later this week.
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Shrinking US business activity lifted investor hopes of a less aggressive monetary policy approach by the US Federal Reserve. Shares of HCA Healthcare jumped 7% after reporting solid third quarter results on Friday. But gains on the technology heavy Nasdaq index were capped as Tesla shares fell 1.5% after the electric vehicle maker cut the price of its Model 3 and Model Y cars in China. And shares of some Chinese companies listed in the US dropped after Beijing tightened President Xi Jinping's grip on power. Shares of Alibaba shed 12.5%, JD.com shares slid 13% and Baidu shares dropped 12.6%. The Dow Jones index closed up by 417 points or 1.3%. The S&P 500 index gained 1.2% and the Nasdaq index rose by 93 points or 0.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket rose by 1.5% on Monday, reversing last week’s losses as all 11 sectors finished higher. The Federal Budget, quarterly data on Aussie inflation and the US earnings season’s peak will all receive attention this week.
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
There were hopes for smaller interest rate hikes in coming months. According to a Wall Street Journal report, the US Federal Reserve will likely lift rates by 75 basis points on November 2 but then debate "whether and how to signal plans to approve a smaller rate increase in December." Shares of Snap dropped 28.1% after posting slower revenue growth. After releasing earnings, shares in American Express fell 1.7% and Verizon lost 4.5%. The Dow Jones index lifted by 749 points or 2.5%. The S&P 500 index gained 2.4%. And the Nasdaq index rose by 245 points or 2.3%. Over the week, the Dow rose by 4.9%; S&P 500 lifted 4.7%; and the Nasdaq gained 4.2%. It was the best week since June for all three major indexes.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket fell by 0.8% on Friday, with 10 of 11 sectors losing ground. Energy stocks were the lone improvers, thanks to firmer oil prices and quarterly results from Woodside and Santos yesterday.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Hawkish remarks from US Federal Reserve officials prompted another surge in US government bond yields. Earnings results were mixed with Tesla's (-6.7%) sales disappointing, but IBM (+4.7%), AT&T (+7.7%) and chemicals giant Dow (-0.4%) all topped analysts' forecasts. Shares of insurer Allstate dropped 12.9% as its third quarter was impacted by Hurricane Ian. The Dow Jones index fell by 90 points or 0.3%. The S&P 500 index dipped 0.8%. The Nasdaq index shed 66 points or 0.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket fell by 1% on Thursday, sliding from the 2-week high hit yesterday. While nine of 11 sectors lost ground, energy stocks rose following a lift in oil prices and stronger quarterly results from Woodside and Santos.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
A surge in US government bond yields on investor expectations of bigger interest rate hikes dampened sentiment. Shares of Abbott Laboratories fell 6.5% after reporting lower-than-expected growth in international medical device sales. Netflix shares jumped 13.1% after reversing customer losses. United Airlines (+5%), Procter & Gamble (+0.9%) and Travelers (+4.4%) all posted upbeat earnings results. The Dow Jones index fell by 100 points or 0.3%. The S&P 500 index dipped 0.7%. The Nasdaq index shed 92 points or 0.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Australian sharemarket edged higher by 0.3%, hitting a near 2-week high, with the ASX 200 closing at 6,800. Lithium miners were the strongest improvers for a second day.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
US sharemarkets advanced on Tuesday as strong earnings results helped extend a rally that began on Monday. Shares of Goldman Sachs gained 2.3% after reporting a smaller-than-expected drop in quarterly profit. Shares of aerospace and defence company Lockheed Martin jumped 8.7% after a third quarter profit beat. And while Johnson & Johnson (-0.4%) beat market expectations for earnings per share, the company narrowed its full-year guidance. Salesforce shares gained 4.3% after a media report that activist investor Starboard Value LP has picked up stake in the software giant. The Dow Jones index rose by 338 points or 1.1%. The S&P 500 index also gained 1.1%. And the Nasdaq index added 97 points or 0.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket surged by 1.7%, which was enough to recoup Monday’s declines thanks to gains across 10 of 11 sectors. Gold miner St Barbara (SBM) fell most, slumping by 21% after equipment availability contributed to lower production, while costs surged by close to 70%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
US stocks were supported by news of the reversal of a proposed UK fiscal plan as well as encouraging US bank earnings figures. Shares in Bank of America rose 6.1% after the lender reported a surge in third quarter net interest income. Shares in Bank of New York Mellon also lifted by 5.1% as the lender reported a 44% lift in net interest revenue. The banks sector rose 3.6%. Mega cap growth stocks like Amazon (up 6.5%) and Apple (up 2.9%) also advanced. The Dow Jones index rose by 551 points or 1.9%. The S&P 500 index rose by 2.7%. And the Nasdaq index rose by 354 points or 3.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket fell by 1.4% on Monday, with all 11 sectors finishing in negative territory. A stronger US dollar is pushing commodity prices and resource stocks lower.
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
Inflation expectations rose, raising expectations for rate hikes. The University of Michigan's preliminary October reading of consumer sentiment showed one-year inflation expectations rose to 5.1% from 4.7%. Bank shares rose after quarterly results from JPMorgan Chase (+1.7%); Citigroup (+0.7%) and Wells Fargo (+1.9%). Shares in supermarket firm Kroger lost 7.3% after it said it would buy smaller rival Albertsons in a $24.6 billion deal. Tesla shares slumped 7.5% on reports that it had put on hold plans to launch battery cell production at its plant outside Berlin. The Dow Jones index fell by 404 points or 1.3%. The S&P 500 index lost 2.4%. And the Nasdaq index fell by 328 points or 3.1%. Over the week the Dow rose 1.2%; S&P 500 fell 1.5%; and Nasdaq fell 3.1%
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket surged by 1.75% on Friday following a strong lift on Wall Street despite a hotter than expected US inflation report. All 11 sectors of the ASX rose, led by energy stocks, which snapped a four-day losing streak as oil prices rose.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
US sharemarkets rebounded on Thursday, brushing aside interest rate hike jitters after a surprise rise in inflation. Shares of Walgreens Boots Alliance pharmacies rose 5.4% following better-than-estimated fourth-quarter results. Delta Air Lines' (+4.0%) quarterly profit missed Wall Street estimates but the carrier expects travel demand to remain robust. Shares of Chevron gained 4.9% as oil prices spiked, and bank stocks Goldman Sachs and JPMorgan rose 4.0% and 5.6%, respectively. The Dow Jones index rose by 828 points or 2.8%, recovering from a 549 point drop earlier in the session. The S&P 500 index lifted 2.6%. And the Nasdaq index gained 232 points or 2.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket finished just 0.07% lower on Thursday, as investors remained cautious ahead of tonight’s key US inflation data. Major banks rose strongly for a second day following Bank of Queensland’s stronger margins, Qantas surged by close to 10% after flagging bigger profits and Medibank was in a trading halt as it became the latest victim of a cyberattack.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
US sharemarkets eased on Wednesday, with investors absorbing the latest economic news. The focus is now on the consumer price index data on Thursday. Shares in PepsiCo gained 4.2% after the soft-drinks maker raised its annual revenue and profit forecasts. The Dow Jones index fell by 28 points or 0.1%. The S&P 500 index fell by 0.3%. And the Nasdaq index lost 9 points or 0.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket gave back all its gains to finish flat on Wednesday after three straight sessions of losses. Energy and mining stocks weighed as the US dollar strengthened and commodities fell. Bank of Queensland rose most after handing down its full year results.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
US sharemarkets eased in late trade on Tuesday with indications that the Bank of England would support the country's bond market for just three more days. The S&P bank index fell 2.6% ahead of key bank profit results on Friday. After being up 405 points earlier in the session, the Dow Jones index ended higher by 36 points or 0.1%. The S&P 500 index fell by 0.7%. And the Nasdaq index lost 116 points or 1.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket has fallen for a third day, with the ASX 200 shedding 0.8%. Telstra edged higher after holding its Annual General Meeting, energy stocks lost ground following a drop in oil prices and consumer confidence fell according to two surveys.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors digested speeches from Federal Reserve officials. Also investors braced for the start of earnings season. The Philadelphia SE Semiconductor index fell by 3.4% to a 2-year low, after the Biden administration published a set of export controls on Friday, including a measure to cut China off from certain semiconductor chips made anywhere in the world with US equipment. After tracking a 475-point range, the Dow Jones index ended lower by 94 points or 0.3%. The S&P 500 index fell by 0.8%. And the Nasdaq index lost 110 points or 1.0%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Aussie sharemarket kicked off the week in negative territory, with the ASX 200 falling by ~1.4%. All sectors and roughly 93% of stocks finished in negative territory.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets were weaker on Friday after a solid jobs report laid the foundation for more rate hikes. Shares in AMD fell 13.9% as the chipmaker's third-quarter revenue estimates were about US$1 billion lower than previously forecast. The Dow Jones index ended lower by 630 points or 2.1%. The S&P 500 index fell by 2.8%. And the Nasdaq index lost 421 points or 3.8%. Over the week the Dow added 2%; S&P 500 rose 1.5%; and the Nasdaq gained 0.7%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Aussie market has slipped on Friday with the ASX 200 down 55 points or 0.8% to close at 6,763. Despite today’s decline, it was still the best weekly performance on the Aussie market in two years. The energy sector was a standout today as it rose for a ninth straight session and added 10% over the course of the week.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The US sharemarket fell by ~1% overnight following outsized gains earlier this week. A key monthly update on employment due Friday night will receive plenty of attention and will be important for tonight’s US session.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Aussie market took a breather on Thursday after rallying ~5.5% on Tuesday and Wednesday. The ASX 200 ended just 1.8 points higher at 6,817 with the energy sector the standout following major oil producing nations agreeing to cut production. Financials were a weight after leading improvements over the previous two sessions.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. The information contained within this report is general in nature and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Any advice contained in this document is general advice only. Before making any investment decision, and before acting on any information in this report, you should consider the appropriateness and suitability of the information to your own needs and if needed, seek professional investment advice. Past performance is not a reliable indicator of future performance. For certain products, you should also consider the relevant Product Disclosure Statement or prospectus in deciding whether to acquire that product. CommSec, our employees and agents may receive commission and fees from transactions involving securities and other investments referred to in this report. We have effected or may effect transactions for our own account on securities and other investments in this report and may make investment decisions that are inconsistent with the recommendations or views in this report. Please see relevant CommSec disclosures at www.commsec.com.au/disclosures. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations contained herein are subject to change without notice and do not reflect the view of CBA Group or any other employee within CBA Group. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither CommSec, the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The US sharemarket eased by ~0.2% on Wednesday following the strongest back-to-back rally in over two years. Oil prices hit 3-week highs after OPEC+ agreed to cut output in November by 2 million barrels per day.
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Data in this report is sourced from third party providers and is provided for information purposes only. Any reliance on this data when deciding to buy/sell stocks is at your own risk and CommSec is not liable for any losses you may incur. CommSec does not give any representation or warranty as to the reliability, accuracy or completeness of any third party material nor does it accept responsibility for errors or omissions in third party material. Charts display historical prices that may have been adjusted for corporate action activity. Adjusted prices may differ to actual historical prices when looking at a stock's course of sales or historical closing prices.
The Aussie sharemarket has extended its rally on Wednesday with the ASX 200 adding another 116 points or 1.74% as financials helped lead another day off broad gains.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket rose by ~3% last night, with every sector and all 30 stocks of the Dow Jones finishing higher. Twitter rose most, lifting 22% on reports billionaire Elon Musk revived his original bid to buy the social media platform for ~US$44 billion.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The ASX 200 has enjoyed its best day in over 2 years after the RBA lifted interest rates by a smaller than expected 25bps or 0.25%. The benchmark index jumped 242pts or 3.75% to close at 6,699.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket surged by 2.5% overnight, led by energy stocks which were pushed higher by a ~5% lift in oil prices ahead of a key OPEC+ production meeting on Wednesday. The Reserve Bank is widely expected to raise interest rates for a sixth straight month this afternoon.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
CommSec Market Analyst Steven Daghlian looks back at the Aussie market’s performance in September, with the ASX 200 slumping by 7.3% due partly to stubbornly high inflation, continued rate hikes and fears of a global economic downturn.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket slumped by 1.5% on Friday, taking the losses for September to 9.3% for the S&P500. All 30 stocks on the Dow Jones lost ground, led by Nike which shed 12.8% after handing down underwhelming quarterly results.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has had another down day with the ASX 200 dropping 80 points or 1.23% to 6,474. The benchmark index lost 1.5% for the week but slumped 7.3% in September
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has had another down day with the ASX 200 dropping 80 points or 1.23% to 6,474. The benchmark index lost 1.5% for the week but slumped 7.3% in September
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
US markets slumped by ~2% last night, with the S&P500 sinking to near 2-year lows as the Federal Reserve continued to reaffirm its intentions to raise rates in coming months.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
US markets slumped by ~2% last night, with the S&P500 sinking to near 2-year lows as the Federal Reserve continued to reaffirm its intentions to raise rates in coming months.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie sharemarket enjoyed its best day in 3 weeks with the ASX 200 adding 93 points or 1.45% to finish at 6,555. All sectors closed in positive territory with energy and materials lifting most.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie sharemarket enjoyed its best day in 3 weeks with the ASX 200 adding 93 points or 1.45% to finish at 6,555. All sectors closed in positive territory with energy and materials lifting most.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket rose by close to 2% overnight following a surprise move by the Bank of England to calm financial markets in coming weeks.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket rose by close to 2% overnight following a surprise move by the Bank of England to calm financial markets in coming weeks.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The local sharemarket has ended lower despite a positive start. The ASX 200 has now fallen for six of the past eight sessions with today's retail spending data lifting market expectations of further aggressive tightening from the RBA
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The local sharemarket has ended lower despite a positive start. The ASX 200 has now fallen for six of the past eight sessions with today's retail spending data lifting market expectations of further aggressive tightening from the RBA
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket has extended its losing streak to a sixth day, with the S&P500 easing by 0.21% and hitting a November 2020 low in the process. McDonald’s, Procter & Gamble, Coca-Cola and Walt Disney fell most.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket has extended its losing streak to a sixth day, with the S&P500 easing by 0.21% and hitting a November 2020 low in the process. McDonald’s, Procter & Gamble, Coca-Cola and Walt Disney fell most.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has managed to snap its 3-day losing run as the ASX 200 added 27 points or 0.4% to close at 6,496. Energy and mining stocks rebounded from heavy selling yesterday and were among the big winners today.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has managed to snap its 3-day losing run as the ASX 200 added 27 points or 0.4% to close at 6,496. Energy and mining stocks rebounded from heavy selling yesterday and were among the big winners today.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
World Gold Council's Chief Market Strategist, John Reade speaks with Tom Piotrowski about the current inflationary environment, the role of gold in creating a diversified portfolio and how the precious metal compares to more volatile assets.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
World Gold Council's Chief Market Strategist, John Reade speaks with Tom Piotrowski about the current inflationary environment, the role of gold in creating a diversified portfolio and how the precious metal compares to more volatile assets.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket extended its losing streak to a fifth straight day, as concerns of more aggressive rate hikes fuel recession fears.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket extended its losing streak to a fifth straight day, as concerns of more aggressive rate hikes fuel recession fears.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Local shares have started the new week by extending its losing run to a third consecutive session. The ASX 200 slid 105 points or 1.6% to hit 3-month lows as commodity stocks were hit hardest
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Local shares have started the new week by extending its losing run to a third consecutive session. The ASX 200 slid 105 points or 1.6% to hit 3-month lows as commodity stocks were hit hardest
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket fell by ~1.7% on Friday, taking the losses last week to more than 4%. Surging inflation, rising interest rates and recession fears have fuelled the declines.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket fell by ~1.7% on Friday, taking the losses last week to more than 4%. Surging inflation, rising interest rates and recession fears have fuelled the declines.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
It was another weekly decline for the Aussie sharemarket with the ASX 200 now finishing lower for 4 off the past 5 weeks. Local investors returned from a public holiday and had a chance to digest the US Fed's recent rate hike.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
It was another weekly decline for the Aussie sharemarket with the ASX 200 now finishing lower for 4 off the past 5 weeks. Local investors returned from a public holiday and had a chance to digest the US Fed's recent rate hike.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket has tumbled in recent days, with the S&P500 down ~8% in eight sessions. The Federal Reserve raised rates by 75 basis points as widely expected, but flagged higher peak interest rates in 2023. The US central bank now expects interest rates to lift to ~4.6% next year (flagged ~3.75% in June). The Australian sharemarket will be playing catch-up with the rest of the world on Friday, with a challenging start to trade expected.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket has tumbled in recent days, with the S&P500 down ~8% in eight sessions. The Federal Reserve raised rates by 75 basis points as widely expected, but flagged higher peak interest rates in 2023. The US central bank now expects interest rates to lift to ~4.6% next year (flagged ~3.75% in June). The Australian sharemarket will be playing catch-up with the rest of the world on Friday, with a challenging start to trade expected.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The ASX 200 dropped more than 1.5% as investors await the US Fed Reserve rate decision due early Thursday morning AEST. A reminder that the ASX will be closed on Thursday for a public holiday.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The ASX 200 dropped more than 1.5% as investors await the US Fed Reserve rate decision due early Thursday morning AEST. A reminder that the ASX will be closed on Thursday for a public holiday.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket fell by ~1% overnight, wiping out the prior day’s gains ahead of a highly anticipated supersized rate hike by the Federal Reserve. The market is expecting the US central bank to raise rates by 75 basis points (0.75%) for the third straight meeting.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket fell by ~1% overnight, wiping out the prior day’s gains ahead of a highly anticipated supersized rate hike by the Federal Reserve. The market is expecting the US central bank to raise rates by 75 basis points (0.75%) for the third straight meeting.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Aussie shares have snapped a 2-day losing run with the ASX 200 enjoying its best daily performance since September 8. Coal miner New Hope (NHC) was a big winner following the release of its full year profits.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Aussie shares have snapped a 2-day losing run with the ASX 200 enjoying its best daily performance since September 8. Coal miner New Hope (NHC) was a big winner following the release of its full year profits.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Allkem (AKE) MD & CEO, Martín Pérez de Solay, speaks with Tom Piotrowski about the company’s full year results. The lithium chemicals producer was formed in August 2021 from the merger of Orocobre Ltd and Galaxy Resources. Martín and Tom also discuss demand for lithium as well as the role it plays in global carbon reduction initiatives.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Allkem (AKE) MD & CEO, Martín Pérez de Solay, speaks with Tom Piotrowski about the company’s full year results. The lithium chemicals producer was formed in August 2021 from the merger of Orocobre Ltd and Galaxy Resources. Martín and Tom also discuss demand for lithium as well as the role it plays in global carbon reduction initiatives.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket rose by ~0.7% overnight, lifting in the final 60 minutes of the session in choppy trade ahead of this Thursday’s interest rate decision by the Federal Reserve.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket rose by ~0.7% overnight, lifting in the final 60 minutes of the session in choppy trade ahead of this Thursday’s interest rate decision by the Federal Reserve.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has started the trading week with a slight decline as investors keenly await the US Federal Reserve meeting. Markets are anticipating the US central bank to raise rates by 0.75% but will also be listening for any hints of future rate moves as well.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has started the trading week with a slight decline as investors keenly await the US Federal Reserve meeting. Markets are anticipating the US central bank to raise rates by 0.75% but will also be listening for any hints of future rate moves as well.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket fell by 0.7% on Friday and slumped by between 4-5.5% over the week following a hotter than expected inflation report last Tuesday.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket fell by 0.7% on Friday and slumped by between 4-5.5% over the week following a hotter than expected inflation report last Tuesday.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
It was a soft finish to the week for local shares as investors continue to digest the potential of more aggressive central bank interest rate rises. The ASX 200 fell more than 2% for the week.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
It was a soft finish to the week for local shares as investors continue to digest the potential of more aggressive central bank interest rate rises. The ASX 200 fell more than 2% for the week.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket was back in the red, with the S&P500 hitting a 2-month low, sliding by 1.13% while bond yields rose. The price of oil fell by 3.8%, gold slipped by 1.9% and iron ore edged higher. A RBA Governor speech and China economic data are in focus today.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket was back in the red, with the S&P500 hitting a 2-month low, sliding by 1.13% while bond yields rose. The price of oil fell by 3.8%, gold slipped by 1.9% and iron ore edged higher. A RBA Governor speech and China economic data are in focus today.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has recovered slightly from yesterday’s heavy selling. The ASX 200 managed to add 14 points or 0.2% to 6,843 as financials and energy stocks helped to prop the market higher. Investors didn’t react too much to the release of the August jobs data today which saw the unemployment rate rise slightly to 3.5%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has recovered slightly from yesterday’s heavy selling. The ASX 200 managed to add 14 points or 0.2% to 6,843 as financials and energy stocks helped to prop the market higher. Investors didn’t react too much to the release of the August jobs data today which saw the unemployment rate rise slightly to 3.5%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket rallied in the final 30 minutes of trade to finish slightly higher, a day after recording its most significant decline in more than two years due to hotter than expected inflation.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket rallied in the final 30 minutes of trade to finish slightly higher, a day after recording its most significant decline in more than two years due to hotter than expected inflation.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has followed losses on global markets with the ASX 200 losing 181 points or 2.58% to 6,828 as it suffered its worst day in three months. The selling was a reaction to a hotter than expected US inflation report released on Tuesday night (AEST).
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has followed losses on global markets with the ASX 200 losing 181 points or 2.58% to 6,828 as it suffered its worst day in three months. The selling was a reaction to a hotter than expected US inflation report released on Tuesday night (AEST).
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket has just had its worst decline since June 2020, with the S&P500 slumping by 4.3% due to hotter than expected US inflation in August. The market is pricing in a large US interest rate hike next week.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket has just had its worst decline since June 2020, with the S&P500 slumping by 4.3% due to hotter than expected US inflation in August. The market is pricing in a large US interest rate hike next week.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The local sharemarket has managed to lift for a fourth successive session with the ASX 200 closing above 7,000 points for the first time in September. Star Entertainment (SGR) resumed trade today and rose 4.5% as it looks to respond to the NSW Independent Casino Commission report into its suitability to hold a casino licence. Investors will be eagerly watching a key US inflation update set to be released at 10.30pm AEST tonight.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The local sharemarket has managed to lift for a fourth successive session with the ASX 200 closing above 7,000 points for the first time in September. Star Entertainment (SGR) resumed trade today and rose 4.5% as it looks to respond to the NSW Independent Casino Commission report into its suitability to hold a casino licence. Investors will be eagerly watching a key US inflation update set to be released at 10.30pm AEST tonight.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Vulcan Energy Resources (VUL) CEO, Dr Francis Wedin, speaks with Tom Piotrowski about the global transition to renewable energy, demand for lithium and its partnership with European automaker Stellantis.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Vulcan Energy Resources (VUL) CEO, Dr Francis Wedin, speaks with Tom Piotrowski about the global transition to renewable energy, demand for lithium and its partnership with European automaker Stellantis.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Ahead of a highly anticipated update on inflation tonight, the US sharemarket has extended its winning streak to a fourth day, with the S&P500 lifting by 1.06% overnight and by more than 5% in a week.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Ahead of a highly anticipated update on inflation tonight, the US sharemarket has extended its winning streak to a fourth day, with the S&P500 lifting by 1.06% overnight and by more than 5% in a week.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket rose for a third day, with the ASX 200 lifting by 1% thanks to widespread gains across 10 of 11 sectors. Updates on US inflation, Aussie jobs growth and Chinese economic data will be in focus this week.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket rose for a third day, with the ASX 200 lifting by 1% thanks to widespread gains across 10 of 11 sectors. Updates on US inflation, Aussie jobs growth and Chinese economic data will be in focus this week.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket rose strongly on Friday, with 451 stocks on the S&P500 lifting, commodities advancing, while the index snapped a three-week losing streak.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket rose strongly on Friday, with 451 stocks on the S&P500 lifting, commodities advancing, while the index snapped a three-week losing streak.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket rose for a second day thanks mainly to gains from major mining and energy stocks, leading the ASX200 to a 0.96% lift for the week.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket rose for a second day thanks mainly to gains from major mining and energy stocks, leading the ASX200 to a 0.96% lift for the week.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket rose for a second day despite hawkish comments from the Fed Chair Jerome Powell, who said the central bank ‘is strongly committed’ to fighting inflation and won’t let up ‘until the job is done’. Keep in mind this essentially reiterates comments made a fortnight ago, which contributed to the recent selloff in markets.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket rose for a second day despite hawkish comments from the Fed Chair Jerome Powell, who said the central bank ‘is strongly committed’ to fighting inflation and won’t let up ‘until the job is done’. Keep in mind this essentially reiterates comments made a fortnight ago, which contributed to the recent selloff in markets.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has enjoyed its best session since late June with the ASX 200 adding 119 points or 1.8% following a more dovish tone from RBA Governor Philip Lowe where he hinted at the possibility of lower interest rises in the coming months. Gains were made across the majority of the market with roughly 90% of the top 200 stocks advancing.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has enjoyed its best session since late June with the ASX 200 adding 119 points or 1.8% following a more dovish tone from RBA Governor Philip Lowe where he hinted at the possibility of lower interest rises in the coming months. Gains were made across the majority of the market with roughly 90% of the top 200 stocks advancing.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Woodside Energy Group (WDS) CEO, Meg O'Neill speaks with Tom Piotrowski about its 1H22 results, BHP merger, current energy market conditions and how the company is supporting the global energy transition.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Woodside Energy Group (WDS) CEO, Meg O'Neill speaks with Tom Piotrowski about its 1H22 results, BHP merger, current energy market conditions and how the company is supporting the global energy transition.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket posted its largest lift in one month, with the S&P500 rising by 1.8%. The Reserve Bank Governor will deliver a speech at 1:05pm on Thursday, while Woodside trades ex-dividend on a day oil prices slumped by ~5%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The US sharemarket posted its largest lift in one month, with the S&P500 rising by 1.8%. The Reserve Bank Governor will deliver a speech at 1:05pm on Thursday, while Woodside trades ex-dividend on a day oil prices slumped by ~5%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has fallen for a second successive session with the ASX 200 down nearly 1.5% to 6729 and hitting 7-week lows in the process. Losses were across the majority of the market but it was the heavyweight sectors of financials and materials that weighed most.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market has fallen for a second successive session with the ASX 200 down nearly 1.5% to 6729 and hitting 7-week lows in the process. Losses were across the majority of the market but it was the heavyweight sectors of financials and materials that weighed most.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket is sliding by roughly 1% on Wednesday, hitting a six-week low in the process. The ASX 200 has fallen by approximately 5.5% from the August high, as interest rates continue to lift globally.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket is sliding by roughly 1% on Wednesday, hitting a six-week low in the process. The ASX 200 has fallen by approximately 5.5% from the August high, as interest rates continue to lift globally.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
While the market had anticipated today’s RBA decision to lift rates by 0.5%, the ASX 200 still faded in afternoon trade to close lower for the day. The index dropped 25 points or 0.4% to 6,826. Consumer names were among some of the worst performers while lithium miners were some of the big winners.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket is slightly higher for a second day ahead of a highly anticipated fifth straight rate hike by the Reserve Bank this afternoon. US and Canadian markets were shut last night due to a public holiday.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
CommSec Market Analyst Steven Daghlian reviews the Aussie market’s performance in August, including the key drivers and the month’s biggest movers. While the ASX 200 briefly hit a 10-week high, concerns of sustained US rate hikes weighed on the index late in the month.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie market managed a slight gain to start the week with the ASX 200 lifting 23 points to 6,852. It was a watchful mood as investors eye Tuesday’s Reserve Bank of Australia rate decision. The consensus is for a fifth consecutive rate increase by the central bank.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
CommSec Market Analyst Steven Daghlian looks at the winners, losers and key themes from the August earnings season. Corporate Australia has faced a long list of challenges including higher costs, labour shortages, lockdowns, bad weather and rate hikes.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket is off to a mixed start on Monday, with gains from our mining and energy stocks largely being offset by declines elsewhere. While Fortescue Metals (FMG) is down by ~5% as it trades ex-dividend, gains from its peers are limiting its impact on the ASX 200. The Reserve Bank is widely expected to raise rates for a fifth straight month on Tuesday.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Of the 132 S&P/ASX 200 companies which reported full-year earnings results, 92% issued a profit. Within those, 63% were able to lift profits, above the historical average of around 60%. Our Chief Economist Craig James provides insights into how corporate Australia is faring.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket eased by 0.25%, sliding for a 4th time in 5 days and hitting a one-month low in the process. Concerns of rising interest rates and the mining sector’s worst weekly decline in 2 ½ years weighed on the ASX 200.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Dow Jones index recovered from a 290 point drop earlier in the session, as traders weighed the potential for high interest rates against robust US factory and jobs data. Defensive health care companies led gains with Merck shares up 2.1% and Johnson & Johnson shares 2.5% higher. But shares of Nvidia (-7.7%) and Advanced Micro Devices (-3.0%) dropped after the US imposed an export ban on some major artificial intelligence chips to China. At the close of trade, the Dow Jones index rose by 146 points or 0.5%. And the S&P 500 index gained 0.3%, but the Nasdaq index lost 31 points or 0.3%
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket fell by 2% on Thursday, with the ASX 200 sliding to a 4-week low and recording its most significant decline in 2 ½ months. A fourth straight decline for US markets, softer commodity prices and the ASX 200’s largest stock BHP Group trading ex-dividend weighed on equities.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Philadelphia SE semiconductor index lost 0.6% after Seagate (-3.5%) slashed its first-quarter earnings expectations. Shares in HP Inc lost 7.7% after the PC maker reported weak earnings results. At the close of trade, the Dow Jones index was lower by 280 points or 0.9%. The S&P 500 index fell by 0.8% and the Nasdaq index lost 67 points or 0.6%. In August the Dow lost 4.1%; S&P 500 fell 4.2%; and Nasdaq fell 4.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The ASX 200 slipped by 0.16% on Wednesday, with mining and energy stocks holding the market back most. Harvey Norman (HVN), Pointsbet (PBH), Atlas Arteria (ALX) and St Barbara Mines (SBM) released profit results. Woolworths (WES) and Wesfarmers (WES) went ex-dividend. Our market still edged higher by 0.6% in August.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
GQG Partners (GQG) CEO, Tim Carver speaks with Tom Piotrowski about its 1H22 results, Australian operations, ASX listing and factors driving the current market environment.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Job openings posted an unexpected rise in July, underlining expectations of further rate hikes from the Federal Reserve. Investors also digested new comments by three Federal Reserve officials. Shares in Best Buy rose 1.6% on a smaller-than-expected drop in sales. At the close of trade, the Dow Jones index was lower by 308 points or 1.0% . The S&P 500 index fell by 1.1% and the Nasdaq index lost 134.5 points or 1.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Fortescue Metals Group (FMG) posted double-digit declines in its full year revenue, profit and dividend due primarily to rising costs and lower iron ore prices. Offsetting those headwinds were record shipments of the commodity over the year.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The a2 Milk Company (A2M) posted double gains in revenue and profits for the full year, helped in part by strong sales in its key China market. While greater competition, a lower birth rate in China, failure to obtain regulatory approval to sell infant formula in the US and higher costs were headwinds, the dairy group declared an on-market share buy-back.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose by 0.47%, recouping a small portion of Monday’s heavier declines which followed hawkish comments by Fed Chair Jerome Powell late last week. Mineral Resources (MIN), The a2 Milk Company (A2M), Paladin Energy (PDN) and EML Payments (EML) rose most.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors worried whether aggressive rate hikes by the Federal Reserve would drive the economy into recession. But energy stocks rose 1.5% in response to a higher oil price. Technology shares eased in response to higher interest rates. Shares in Apple fell by 1.4% and Microsoft lost 1.1%. Shares in Bristol Myers Squibb slid 6.2% after its drug candidate for preventing ischemia strokes missed the main goal in a mid-stage trial. At the close of trade, the Dow Jones index was lower by 184 points or 0.6% after being down 311 points earlier in the session. The S&P 500 index fell by 0.7% and the Nasdaq index lost 124 points or 1.0%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket had its most significant decline in two months, with the ASX 200 sliding by 1.95% after Federal Reserve boss Jerome Powell flagged that aggressive rate hikes would need to continue in coming months and would lift at a ‘forceful and rapid’ pace. The a2 Milk Company (A2M) was one of just four companies to finish higher on the ASX 200, following double-digit growth in annual revenue and profit. Fortescue Metals fell by close to 5% after handing down lower revenue, profit and dividend for the year due mainly to higher costs and lower iron ore prices.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Fed chair suggested interest rates would be higher for longer. All 11 S&P 500 sectors were lower. At the close of trade, the Dow Jones index was lower by 1,008 points or 3.0%. The S&P 500 index fell by 3.4% and the Nasdaq index slumped by 497.6 points or 3.9%. Over the week the Dow fell 4.2%; the S&P 500 lost 4.0%; and the Nasdaq fell 4.4%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Zip Co (ZIP) posted a 57% lift in annual revenues for the 12 months to 30 June 2022, however due mainly to one-off charges and impairments, it recorded a $1.1bn net loss. Customer numbers grew in its core Australia-New Zealand and US businesses, while costs and bad debts also rose.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket extended its winning streak to a third day, with the ASX 200 lifting by 0.79%. Due to declines on Monday and Tuesday, the index finished almost completely flat this week ahead of key US inflation data and a speech by Federal Reserve Chair Jerome Powell tonight.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors focused on the Federal Reserve's Jackson Hole conference for clues about the central bank's policy outlook. Shares of Nvidia rose 4.0% after the chipmaker gave a weaker-than-expected quarterly forecast that many investors viewed as signalling the worst of a sales downturn may be over. Apple (+1.5%) and Amazon.com (+2.6%) shares both lifted. But Tesla shares slid 0.4% after its 3-for-1 stock split came into effect. At the close of trade, the Dow Jones index rose by 323 points or 1.0%. The S&P 500 index lifted 1.4% and the Nasdaq index added 208 points or 1.7%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose for a second day, with the ASX 200 lifting by 0.7%. However, the index slumped on Monday and Tuesday due partly to caution ahead of a key three-day annual Symposium which kicks off tonight.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Transurban Group (TCL) CEO, Scott Charlton speaks with Tom Piotrowski about the FY22 results, managing an inflationary environment, future pipeline and changes to commuter patterns.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Qantas Airways (QAN) recorded its third straight annual loss as expected and flagged by the airline in June. While pent up demand helped its Domestic business, International continued to be impacted by lockdowns, while costs and labour shortages were additional headwinds.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Real estate led gains, up 0.7% with consumer discretionary up 0.6%. Shares in Nordstrom lost 20% after the retailer cut its annual revenue and profit forecasts. The Dow Jones index rose by 60 points or 0.2%. The S&P 500 index rose by 0.3%. And the Nasdaq index rose by 50 points or 0.4%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket edged higher by 0.5%, following back-to-back losses around 1%. Gains from energy stocks, miners and banks helped keep the market positive. Domino’s Pizza, Tabcorp, Wisetech, Iluka, Netwealth, Worley, Sonic Health and G8 Education rose after handing down their latest profit results. Telstra fell by 2.4% after trading ex-dividend. Coles lost ground and warned that increasing costs remain a headwind for the group.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Economic data was soft but a higher oil price boosted energy stocks. The energy sector rose by 3.6%. Technology stocks also rose. But real estate fell by 1.5%. The Dow Jones index lost 154 points or 0.5%. The S&P 500 index lost 0.2%. And the Nasdaq index fell by 0.3 points or less than 0.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket slumped by 1.2%, its largest tumble in over seven weeks with the ASX 200 also falling back below 7,000 points. Markets remain on edge ahead of a key speech by Federal Reserve Chair Jerome Powell on Friday. Lithium miner Pilbara Minerals and glove maker Ansell both rose after handing down profit results.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Lithium company Pilbara Minerals (PLS) handed down its full year results, which included a 577% lift in revenues and an inaugural profit. A jump in production and shipments, together with strong demand for the key battery-ingredient lithium, drove the result.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
HT&E Limited (HT1) CEO, Ciaran Davis speaks with Tom Piotrowski about the company’s half-year results, the integration of its ARN Regional business, as well as its digital audio growth opportunities.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors fret that a speech by US Federal Reserve chair Jerome Powell on Friday will confirm that the aggressive monetary policy stance will continue until inflation is under control. Technology stocks fell as treasury yields rose. Shares in Nvidia fell 4.6%, Amazon fell 3.6% and Microsoft fell 2.9%. Shares in cinema chain AMC Entertainment fell by 42% after UK-based rival Cineworld Group warned of a possible bankruptcy filing. The Dow Jones index lost 643 points or 1.9%. The S&P 500 index lost 2.1%. And the Nasdaq index fell by 324 points or 2.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The ASX 200 fell by 0.95% on Monday, with all 11 sectors and eight in every 10 companies losing ground. Shares in bedding company Adairs and building products maker Adbri were the two biggest decliners after both handed down declining profits.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Argo Investments (ARG) Managing Director, Jason Beddow discusses the company's record FY22 result, how the Australian sharemarket is placed given the rising interest rate environment and his views on the financial, energy and retail sectors.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Longer-term bond yields rose, weighing on technology stocks. Shares in Apple fell 1.5% and Microsoft fell by 1.4%. The S&P banking index fell by 2.1%. Shares in Bed Bath & Beyond fell by 40.5% as billionaire investor Ryan Cohen sold his stake in the struggling home goods retailer. The Dow Jones index lost 292 points or 0.9%. The S&P 500 index dropped by 1.3%. And the Nasdaq index fell by 260 points or 2.0%. Over the week the Dow fell 0.2%; the S&P 500 fell by 1.2%; and the Nasdaq fell 2.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket finished largely flat on Friday, however still extended its winning streak to a fifth straight week. Gains from our mining and energy stocks today, were largely offset by losses from the banks and healthcare stocks.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Shares in Cisco Systems rose by 5.8% after issuing an upbeat sales forecast. But shares in Kohl's Corp slid by 7.7% after the retailer cut its full-year sales and profit forecasts. Shares in Apple fell 0.2%, Microsoft shares fell 0.4% and Walmart lost 0.3%. The Dow Jones index rose by 19 points or 0.1%. The S&P 500 index lifted by 0.2%. And the Nasdaq index gained 27 points or 0.2%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket fell by 0.21%, losing ground for the first time this week on another big day for earnings. A key jobs report showed that close to 41,000 jobs were lost in July, raising the possibility of a smaller rate hike in September by the RBA.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets were lower on Wednesday as investors digested the minutes of the last Federal Reserve meeting. Shares in Target fell 2.7%, in response to weak sales results. The Dow Jones index closed lower by 172 points or 0.5%. The S&P 500 index fell by 0.7%. And the Nasdaq index fell by 164 points or 1.3%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose for a third day, with the ASX 200 lifting by 0.31%. CBA fell after trading ex-dividend, while CSL Limited, Redbubble, Downer EDI, Domain, Magellan and Santos fell after handing down profit results.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Australia’s third largest company CSL Limited (CSL) posted a modest lift in full year revenue, higher costs and softer net profit. While plasma collections rose, it was done at a higher cost, flu vaccine sales improved and a near US$12b acquisition has muddied its outlook.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets were mixed on Tuesday. Shares of Walmart climbed 5.1% after the retailer forecast a smaller drop in full-year profit than previously projected. Home improvement retailer Home Depot surpassed estimates for quarterly sales with its share price up 4.1%. But rising US government bond yields weighed on high-growth technology shares. The Dow Jones index closed higher for a fifth day, up by 240 points or 0.7%. The S&P 500 index rose by 0.2%. But the Nasdaq index dipped by 25.5 points or 0.2%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose by 0.58% on Tuesday, briefly hitting a 10-week high in the process. While just 83 stocks on the ASX 200 rose, BHP Group surged by 4% after handing down its second largest full year underlying profit on record thanks partly to surging coal prices.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The world's biggest miner has reported a full year net profit of $30.90 billion compared to $11.30 billion for the same period a year earlier. The result was driven by record coal and copper prices. Removing one off items, underlying profit was up by 39% to $23.82 billion. Record free cash flow paved the way for a better than expected dividend of $1.75 a share, bringing the total payout for the year to $3.25 per share, up 8% on the year prior and representing a 77% pay out ratio.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets were firmer on Monday. Investors digested weak economic data in the US and China. Some investors believe that the soft data will temper the Federal Reserve rate hike expectations. The Dow Jones index closed higher by 151 points or 0.5%. The S&P 500 index rose by 0.4% and the Nasdaq index lifted by 81 points or 0.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose by 0.45% on Monday, with nine of 11 sectors finishing higher as a busy week kicks off. Carsales.com, GPT Group and BlueScope Steel all rose after handing down their latest earnings. Beach Energy and Bendigo & Adelaide Bank both fell after releasing results.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets were firmer on Friday on hopes that inflation has peaked. All of the 11 S&P 500 sectors posted gains with banks up 1.4%. Semiconductors gained 3%. According to Refinitiv estimates, S&P 500 companies posted 9.7% earnings growth in the June quarter, above earlier forecasts of 5.6%. The Dow Jones index closed up by 424 points or 1.3%. The S&P 500 index rose by 0.7% and the Nasdaq index lifted by 268 points or 2.1%. Over the week the Dow rose by 2.9%; the S&P 500 rose by 3.2%; and the Nasdaq rose by 3.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
While the Australian sharemarket eased by 0.54% on Friday, it still rose for a fourth straight week. Lithium producer Lake Resources fell most on Friday but was this week's strongest improver, lifting by 48%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Australia’s largest telecommunications provider Telstra (TLS), posted a decline in revenue, EBITDA and net profit over the 12 months to 30 June 2022. It raised its dividend for the first time in seven years.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US producer prices unexpectedly fell in July for the first time in more than two years as energy costs declined. But with the US Federal Reserve set to keep its monetary policy tight, shares of big technology names like Tesla (-2.6%) and Amazon (-1.4%) both fell. Walt Disney shares lifted 4.7% after the media giant posted stronger-than-expected subscriber numbers for the last quarter. The Dow Jones index closed up by 27 points or 0.1%. But the S&P 500 index fell by 0.1% and the Nasdaq index slid 75 points or 0.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose by 1.12% following a softer than expected US inflation read last night. Telstra (TLS) and AMP both fell after handing down their latest profit results.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Softer-than-expected US inflation data fuelled trader bets that the US Federal Reserve could pivot to a smaller pace of interest rate hikes. Shares of Meta Platforms (+5.8%), Apple (+2.6%), Alphabet (+2.6%) and Amazon (+3.5%) all lifted. Tesla shares lifted 3.9% after it was revealed CEO Elon Musk had sold US$6.9 billion worth of shares in the electric vehicle maker to finance a potential deal for Twitter. Walt Disney was the best performer in the Dow Jones index, rising 4.0% ahead of its earnings result. The Dow closed up 535 points or 1.6%. The S&P 500 index gained 2.1% and the Nasdaq index climbed 361 points or 2.9%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket fell by 0.53% on Wednesday, ending a 3-day winning steak ahead of tonight's highly anticipated US inflation report.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
WAM Leaders Ltd (WLE) Lead Portfolio Manager, Matthew Haupt speaks with Tom Piotrowski about his views on Inflation, outlook for various sectors including energy & consumer discretionary, where he currently sees risk and views on China economy.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian Sharemarket has edged lower so far on Wednesday, with the ASX 200 down by around 0.1% (was down by as much as 0.6% in early trade). The Tech sector is falling most and is having its worst day in around 2 months. Resource sectors are climbing modestly.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors awaited inflation data. And higher-than-expected data on unit labor costs added to inflationary concerns. Shares in Micron Technology fell 3.7% after the memory-chipmaker cut its fourth-quarter revenue forecast. The Dow Jones index fell by 58 points or 0.2%. The S&P 500 index fell by 0.4% and the Nasdaq index fell by 150.5 points or 1.2%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket edged higher by 0.13% on Tuesday, lifting for a third session and briefly hitting a near 2-month high in the process. The gains were modest however, ahead of a highly anticipated update on US inflation due Wednesday night.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Real estate advertiser REA Group (REA) posted a 26% lift in full year revenues, a 25% jump in profits and a record 89 cent per share final dividend. Recent interest rate hikes slowed property listings, while acquisitions and a tight labour market pushed costs higher.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian Sharemarket has kicked off trade in positive territory, with the ASX 200 up by a modest ~0.05%. While an improvement in the price of most commodities overnight has helped the mining & energy sectors, losses in the Financials sector are weighing on the market.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors digested news that the US$430 billion Inflation Reduction Act had passed the Senate. Automakers rose 3-4% in response to the news with shares in Ford up 3.1% and General Motors up 4.2%. The Information Technology sector lagged. Chipmaker Nvidia Corp slid 6.3% as the company said it expects second-quarter revenue to decline 19% from the prior quarter due to weakness in gaming. The Dow Jones index rose by 29 points or 0.2% after being up 306 points. The S&P 500 index fell by 0.1% and the Nasdaq index fell by 13 points or 0.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket recovered from a slow start, with the ASX 200 edging higher by just 0.07% as a busy week kicks off for investors. Mining & energy stocks rose most.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian Sharemarket has kicked the week off on a softer note despite a strong jobs report released in the US on Friday. The Materials and Energy sectors are the only two sectors in positive territory and this follows a lift in the price of most commodities
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Technology stocks fell after the strong jobs reported suggested that the aggressive rate hiking campaign by the Federal Reserve will continue. Shares in Tesla fell 6.6%. Shares in Lyft surged almost 17% after the ride-hailing firm posted record quarterly earnings and raised profit targets. The Dow Jones index rose by 77 points or 0.2%. The S&P 500 index fell by 0.2% and the Nasdaq index fell by 63 points or 0.5%. Over the week the Dow fell 0.1%; the S&P 500 rose 0.4%; and the Nasdaq gained 2.2%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Aussie sharemarket finished near session highs and rose for the first time in three days, with the ASX 200 up 40.7pts or 0.58 per cent, to 7015.6. The mining sector did much of the heavy lifting today after it rose by 1.9 per cent – the strongest rally it’s had this week. Gold miners climbed on the back of a 1.7 per cent increase in the price of gold futures. Tech stocks failed to maintain their early improvements and finished 1.3 per cent lower. The Energy sector also fell after shares of local oil producers came under pressure on the back of a retreating oil price.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian Sharemarket is lifting higher for the third time this week despite a mixed performance across global equities overnight. The Materials sector is doing most of the heavy lifting, with Energy stocks falling for the fourth straight day.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The energy sector fell 3.6% in response to a lower oil price. Banks fell 1.2% but technology shares rose with Advanced Micro Devices up 5.9% and Amazon up 2.2%. The Dow Jones index fell by 86 points or 0.3%. The S&P 500 index fell by 0.1% and the Nasdaq index lifted by 52 points or 0.4%
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket has failed to hang on to early gains, weighed down by heavy falls in the Energy and Materials sectors. The ASX 200 ended flat, down just 1 point.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian Sharemarket is lifting for the third time this week, helped partly by gains recorded across equities in the Northern Hemisphere. Seven sectors are climbing, offsetting losses in the Resource sectors.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors were encouraged by a gain in the ISM services index and a lift in factory orders. And there were strong profit forecasts from PayPal and CVS Health. Shares in PayPal rose by 9.3% and CVS Health rose 6.4%. Shares in Regeneron Pharmaceuticals (+5.9%) and Starbucks (+4.3%) also rose after earnings reports. And shares in Moderna rose 16% after announcing a share buyback plan. The Dow Jones index rose by 416 points or 1.3%. The S&P 500 index rose by 1.6% and the Nasdaq index lifted by 319 points or 2.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket snapped six-straight days of gains and posted its worst daily decline in around two weeks, after the ASX 200 shed 22.2pts or 0.32%, to 6975.9. The index managed to recoup some losses after the mining sector clawed back a 1.5 per cent decline and finished 0.35 per cent higher. The material sector’s recovery was supported by a rally in lithium miners, following a parliamentary decision to cut emission by 43 per cent by 2030. Elsewhere in the market, Tech shares climbed 2.2 per cent - their best day in around two weeks - and the Financials sector snapped six-straight days of gains, with the Big 4 banks all down.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian Sharemarket is on track to snap a six-day winning streak, after all sectors of the S&P 500 fell overnight. The index is being dragged lower by losses in the Resource and Financial sectors.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The US House of Representatives speaker Nancy Pelosi visited Taiwan, creating tensions between the US and China and weighing generally on investor sentiment. However the tensions provided support for defence companies. Shares in Caterpillar fell 5.8% after warning of a bigger drop in demand for its excavators in China. Shares in Uber Technologies jumped 18.9% after the ride-hailing firm reported positive quarterly cash flow for the first time ever and forecast upbeat third-quarter operating profit. The Dow Jones index fell by 402 points or 1.2%. The S&P 500 index lost 0.7% and the Nasdaq index fell by 20 points or 0.2%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Following a widely expected increase in the cash rate, the Australian sharemarket clawed back a 0.69 per cent loss and secured its sixth
straight gain, with the ASX 200 up 5.1pts or 0.07 per cent, to 6998.1. This is the longest winning streak since late March. Financial stocks
(up 0.77 per cent) did much of the heavy lifting, with the Big 4 banks all up. Interest-rate sensitive property stocks (down 1.6 per cent) fell the
most, marking the sector’s worst day in almost a month. This was closely followed by a 1.1 per cent decline in the Materials sector – after
the release of weaker-than-anticipated manufacturing data across Asia, Europe & the US.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian Sharemarket is on track to snap a five-day winning streak, following modest declines posted on Wall Street overnight. The resource sectors are leading in terms of losses after a moderation in some commodities overnight.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Economic data was generally softer. But shares in Boeing rose 6.1% after Reuters reported the US aviation regulator approved the plane-maker's inspection and modification plan to resume deliveries of 787 Dreamliners. The energy sector fell 2.2% in response to a lower oil price. Shares in Exxon Mobil fell by 2.5%. The Dow Jones index fell by 47 points or 0.1%. The S&P 500 index lost 0.3% and the Nasdaq index fell by 22 points or 0.2%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
CommSec Market Analyst Steven Daghlian reviews the ASX 200's performance in July, how it compared to other major markets, together with which stocks rose and fell most last month.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose by 0.69%, lifting for a fifth straight day and hitting a fresh seven-week high in the process. The ASX 200 is just 7 points away from 7,000 points.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian Sharemarket is rising for the fifth straight day following a strong end to the week in the US on Friday. Gains today are being led by the energy and mining sectors after a rally in major commodities.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Shares in Apple rose 3.3% with Amazon up 10.4%, Chevron up 8.9% and Exxon up 4.6%. The Dow Jones index rose by 315.5 points or 1.0%. The S&P 500 index added 1.4% and the Nasdaq index lifted by 228 points or 1.9%. Over the week the Dow rose 3%; the S&P 500 lifted 4.3%; and the Nasdaq gained 4.7%. Over the month the Dow rose 6.7%; the S&P 500 rose 9.1%; and the Nasdaq rose by 12.3%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose by 0.8% on Friday, lifting for a fourth straight session, hitting a 7-week high in the process and taking the gains in July to close to 6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Our Market Analyst Steven Daghlian previews the August profit reporting season, covering what to expect from major sectors as corporate Australia grapples with increasing costs, supply chain disruptions and rising interest rates
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
On the final trading day of the month, the Australian sharemarket is currently lifting for a fourth straight session, with all 11 sectors improving.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Data showed a second straight quarterly contraction of the economy raised hopes of less aggressive interest rate hikes ahead. Shares in Meta Platforms (owner of Facebook and Instagram) fell by 5.2% after reporting its first drop in quarterly revenue. The Dow Jones index rose by 332 points or 1.0%. The S&P 500 index added 1.2% and the Nasdaq index lifted by 130 points or 1.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket finished near session highs, with the ASX 200 climbing by 0.97%. The mining sector led in terms of gains, this comes after the release of quarterly updates from major miners.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket has pushed higher following a strong lead from Wall Street overnight. Rio Tinto (RIO), Fortescue Metals (FMG) and Macquarie Group (MQG) are just some of the key companies which have released quarterly updates.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US Fed Chair Jerome Powell said the central bank will slow the pace of interest rate hikes at some point, while adding that officials would refrain from offering "clear guidance" on the size of their next move. The Nasdaq index soared after Google parent Alphabet (+7.7%), Microsoft (+6.7%) and Texas Instruments (+6.7%) all posted solid earnings results. The Dow Jones index rose by 436 points or 1.4%. The S&P 500 index added 2.6% and the Nasdaq index lifted by 470 points or 4.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket edged higher for a second day, with the ASX 200 lifting by 0.26%. Local stocks rose after the lift in June quarter inflation was slightly softer than expected. The market is expecting the Reserve Bank to raise rates by 0.5% next week.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
BKI Investment Company (BKI) Portfolio Manager, Tom Millner speaks with Tom Piotrowski about the company’s full year results, its current portfolio positioning, and where he sees value in the current environment - including in companies like Metcash (MTS), Harvey Norman (HVN) and ARB Corp (ARB).
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket has been quiet this morning ahead of a highly anticipated update on inflation. Rio Tinto (RIO) is set to post earnings after market close, while Meta, Amazon and Apple are set to post quarterly results in the next couple of days in the United States.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Shares in retail giant Walmart fell 7.6% after delivering a profit warning. Investors were also nervous ahead of the interest rate decision. But shares in Coca-Cola (+1.6%) and McDonalds (+2.7%) rose after releasing earnings results. The Dow Jones index lost 228.5 points or 0.7%; the S&P 500 index fell by 1.2%; and the Nasdaq index lost 220 points or 1.9%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket finished slightly higher, with the ASX 200 lifting by 0.26% after a flat finish on Monday. This is ahead of a key inflation report due on Wednesday.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is almost completely flat for a second session ahead of a busy few days for global markets. Gains from energy and mining stocks are contributing most to the ASX 200.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors awaited key earnings results and the Federal Reserve rate decision. Apple, Amazon, Alphabet, Microsoft and Meta Platforms are among companies to report earnings this week. The Dow Jones index rose by 91 points or 0.3%; the S&P 500 index rose by 0.1%; and the Nasdaq index lost 51 points or 0.4%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket finished flat on Monday as a very busy week kicked off for investors. A key update on inflation, profit results from a third of S&P500 companies (including major tech stocks), plenty of data and Rio Tinto's half year earnings are all due in the days ahead.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket has kicked off the session in mixed fashion as a huge week for markets kicks off. Updates on inflation, US earnings, quarterly results and plenty of data will be in focus.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Disappointing earnings from Snap weighed on social media and ad tech firms. Shares in Snap fell by 39.1%. Shares in Meta Plaforms fell 7.6% and Alphabet (Google) lost 5.6%. The Dow Jones index fell by 138 points or 0.4% and the S&P 500 index fell by 0.9%. The Nasdaq index lost 225 points or 1.9%. Over the week the Dow rose 2%; the S&P 500 rose 2.6%; and the Nasdaq lifted 3.3%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
While the Australian sharemarket finished flat on Friday, the ASX 200 rose by 2.8% this week; its strongest improvement in four months. Gains from banks, miners and tech stocks helped most.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is largely unchanged so far today, with gains from property stocks, tech, financials and materials being offset by all other sectors.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Tesla shares rose by 9.8% after its quarterly results beat estimates. But shares of AT&T fell 7.6% after lowering its full-year free cash flow guidance. United Airlines' results disappointed, pushing the stock down by 10.2%. And Carnival shares dipped 11.2% after the cruise company announced it was selling US$1 billion of stock. The Dow Jones index rose by 162 points or 0.5% and the S&P 500 index rose 1.0%, posting its biggest three-day rally since May 27. The Nasdaq index also added 162 points or 1.4%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose in the final 30 minutes of the session, with the ASX 200 up 0.5%. Woodside, Santos, Newcrest and Evolution released quarterly production results this morning.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is largely treading water on Thursday, with energy and mining stocks weighing most on the market.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Netflix shares jumped 7.4% after the company predicted it would return to customer growth during the September quarter. Shares of streaming peers Walt Disney (+3.8%) and Paramount Global (+3.8%) both lifted. Shares of Nvidia rose 4.8% after the US Senate pushed forward a US$50 billion bill to bolster US chip manufacturing. And shares of Tesla added 0.8% ahead of its earnings result. The Dow Jones index rose by 48 points or 0.2% and the S&P 500 index rose 0.6%. The Nasdaq index added 184.5 points or 1.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket had its strongest advance in 3 1/2 weeks, with the ASX 200 lifting by 1.65% as all 11 sectors finished higher. Tech stock led the gains with Megaport lifting most, up 23% followed by Brainchip and Zip Co.
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The Australian sharemarket is lifting strongly on Wednesday, following a 3% lift for the S&P 500 and gains across all 11 sectors locally. Megaport, Zip and Brainchip are three of the ASX 200's strongest improvers.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
More companies reported better-than-expected earnings. After issuing quarterly reports, shares in toy company Hasbro rose 0.7% and oilfield services provider Haliburton rose 2.1%. But despite better earnings, shares in Johnson & Johnson fell 1.5% with IBM down 5.2%. In this earnings season, analysts expect aggregate year-on-year S&P 500 profit to grow 5.8%, down from the 6.8% estimate at the start of the quarter, according to Refinitiv data. Shares in Boeing rose 5.7% on plans by private equity firm 777 Partners to buy up to 66 more Boeing 737 MAX jets. The Dow Jones index rose by 754 points or 2.4% and the S&P 500 index rose 2.8%. And the Nasdaq index rose by 353 points or 3.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket faded from early gains, with the ASX 200 sliding by 37.5 points or 0.56% to 6649.6. While nine of 11 sectors fell and US stocks declined overnight, it was the mining sector that weighed most.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket has had a choppy start to trade, following its strongest advance in three weeks on Monday and declines across US markets. A 5% lift in oil prices is helping push energy stocks up most.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets were dragged down by weaker bank stocks and a fall in the Apple share price. Apple lost 2.1% on a Bloomberg report that said the company plans to slow hiring and spending growth next year in some units to cope with a potential economic downturn. The S&P financial sector fell by 0.5%. Shares in Bank of America ended flat after its earnings report. But energy rose by 2% on a rise in the oil price. Shares in Boeing ended flat after Delta Air Lines said it would buy 100 MAX 10 jets worth about $13.5 billion. After being up 356 points early in the session, the Dow Jones index closed lower by 216 points or 0.7%, the S&P 500 index lost 0.8%. And the Nasdaq index lost 92 points or 0.8%.
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The Australian sharemarket pushed higher by 1.23% on Monday, recouping all of last week's gains. Gains from banks, energy, mining and tech stocks helped the ASX 200 record its strongest lift in three weeks.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is edging higher on Monday, recouping close to half last week's declines thanks mainly to gains from the banks, mining and energy companies.
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Shares in Citigroup rose 13.2% after its profit beat expectations. And shares in Wells Fargo rose 6.2% after its earnings result. The S&P Banking index jumped 5.8% - its biggest one-day gain since January 2020. The Dow Jones index rose by 658 points or 2.2%, the S&P 500 index lifted 1.9%. And the Nasdaq index added 201 points or 1.8%. Over the week, the Dow lost 0.2%; the S&P 500 lost 0.9%; and the Nasdaq fell by 1.6%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket fell by 0.68%, snapping a three-day winning streak and ending the week 1.1% lower. Mining stocks weighed most as commodity prices continue to decline.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is down by more than 1% so far, following a three-day winning streak for the ASX 200. A pullback in commodity prices is weighing on the mining sector.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Shares of JPMorgan Chase (-3.5%) and Morgan Stanley (-0.4%) both fell after the US banks reported a slump in quarterly profits and warned of an impending US economic slowdown. Food group Conagra Brands' shares tumbled 7.3% after issuing a disappointing annual earnings forecast. But shares of Apple were up by 2.1%. The Dow Jones index fell by 143 points or 0.5% and the S&P 500 index slid 0.3%. But the Nasdaq index added 4 points or less than 0.1%.
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The Australian sharemarket rose for a third day, with the ASX 200 lifting by 0.4% despite a hotter than expected US inflation report and stronger Aussie jobs report, which had investors focused of future rate hikes.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is edging higher for a third day despite hotter than expected US inflation and strong local jobs growth.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors digested surprisingly strong US inflation data, fuelling fears of a larger-than-expected interest rate hike by the US Federal Reserve later this month. Shares of Delta Air Lines slid 4.5% after its second-quarter earnings missed expectations. But Tesla shares climbed 1.7% with Twitter shares up 7.9% as the social media company sued Elon Musk. At the close of trade, the Dow Jones index fell by 208.5 points or 0.7% and the S&P 500 index dipped by 0.5%. The technology-heavy Nasdaq index shed 17 points or 0.2%.
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The Australian sharemarket edged higher by 0.23%, ahead of a highly anticipated update on US inflation due tonight, which could impact US markets and set the tone for the local market on Thursday.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is largely treading water ahead of a highly anticipated US inflation report due tonight. Mining and energy stocks are weighing most heavily on the ASX 200.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Growing signs of a looming recession kept investors cautious ahead of Wednesday's US inflation data. PepsiCo shares dipped 0.6%, despite beating its quarterly earnings estimates. Shares of apparel retailer Gap fell 5.0% after its CEO stepped down. But shares of Boeing jumped 7.4% after the plane maker's June aircraft deliveries were the highest since March 2019. At the close of trade, the Dow Jones index fell by 192.5 points or 0.6% and the S&P 500 index dipped by 0.9%. The Nasdaq index shed 108 points or 1.0%.
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The Australian sharemarket rose by just 0.06%, fading from a stronger start ahead of a highly anticipated US inflation report due Wednesday night.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is edging higher on Tuesday, following a 1.1% fall on Monday, as investors await a key update on US inflation tomorrow night, together with data on Aussie employment and China's economy later this week.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors awaited a key reading on US inflation and the start of the earnings season for clues on whether the US economy is headed for a recession. Shares of Twitter sank 11.3% after Elon Musk terminated a deal worth US$44 billion to buy the social media company. A slide in megacap tech names Apple (-1.5%), Alphabet (-3.1%), Amazon (-3.3%) and Tesla (-6.6%) also weighed on major US indexes. Nike (-2.6%) and Caterpillar (-2.3%) were the biggest drags on the Dow Jones index. At the close of trade, the Dow Jones index fell by 164 points or 0.5% and the S&P 500 index dipped by 1.2%. The Nasdaq index shed 263 points or 2.3%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket slumped by 1.14% on Monday, finishing at the session low and wiping out approximately half last week's gains. Weaker US futures, fears of potential Covid related China lockdowns and a busy week for markets all might have played a part.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is under some selling pressure on Monday ahead of a highly anticipated update on US inflation, the start of the US earnings season, Chinese economic data and the latest on Aussie jobs growth this Thursday.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
A strong US jobs report alleviated recession fears but cleared the path for the US Federal Reserve to keep raising interest rates to combat inflation. Shares of Twitter slid 5.1% after the Washington Post reported that Elon Musk was planning to terminate his US$44 billion takeover offer. The Dow Jones index fell by 46 points or 0.2% and the S&P 500 index dipped 0.1%. But the Nasdaq index added 14 points or 0.1%. For the week, the Nasdaq gained 4.6%, while the S&P 500 and Dow advanced 1.9% and 0.8%, respectively.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose by 0.45%, lifting for a fourth time in five days and recording its largest advance since mid-March. A weaker US dollar helped push commodities and resource stocks higher.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is lifting for a second day thanks mainly to improvements from our major mining and energy stocks. The ASX 200 is currently on course for its strongest weekly advance since mid-March.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Traders bet that aggressive rate hikes from the Federal Reserve would be successful in stemming inflationary pressures. GameStop Corp rose 15.1% as the video game retailer's board approved a four-for-one stock split. Chipmakers rose after strong earnings figures from Samsung. Investors await the pivotal job report on Friday. The Dow Jones index rose by 347 points or 1.1%. The S&P 500 index rose by 1.5% and the Nasdaq index was up by 259 points or 2.3%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket pushed higher on Thursday, lifting by 0.8%, ending at a session high and currently remaining on track to lift this week. A solid rebound from our mining stocks was the main driver.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Aussie sharemarket is edging higher in volatile trade following a slight lift across US markets overnight. Materials, consumer staples and consumer discretionary stocks are lifting most.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors became more confident about the Fed's inflation-fighting resolve. Shares in Rivian Automotive rose 10.4% after the electric vehicle maker confirmed production guidance. The Dow Jones index rose by 70 points or 0.2%. The S&P 500 index rose by 0.4% and the Nasdaq index was up by 40 points or 0.4%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket gave back early gains, with the ASX 200 sliding by 0.5% and heading backwards for the first time this week. Heavy losses for our mining and energy stocks offset gains across most other sectors.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
While the Aussie market was up briefly this morning, the ASX 200 has slipped into negative territory due to heavy declines across mining and energy sectors. Concerns of a slowdown in the global economy weighed on commodity prices overnight.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Concerns about global growth weighed on the energy sector (down 4.0%) and materials (down 2.0%). Traders await minutes from the June Federal Reserve meeting on Wednesday and the non-farm payrolls data (employment) on Friday. The Dow Jones index fell by 129 points or 0.4%. But the S&P 500 index rose by 0.2% and the Nasdaq index was up by 194 points or 1.8%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose for a second day, with the ASX 200 lifting by 0.25% after the Reserve Bank raised rates by a widely expected 50 basis points or 0.5%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is edging higher in cautious trade following a US holiday and ahead of the RBA's interest rate decision this afternoon.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The energy sector rose 4% as oil prices rose on continued concerns about near term crude supplies. Healthcare rose 0.7% and miners rose 1.4%. But real estate lost 2.6% and autos lost 1%. According to the Sentix reading, investor morale in the euro zone fell this month to its lowest level since May 2020. And euro zone producer prices rose less than expected in May. The pan-European STOXX 600 index rose by 0.5%. But while the German Dax index fell by 0.3%, the UK FTSE index rose by 0.9%. In London trade, shares of Rio Tinto were flat while shares in BHP rose by 0.9%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The ASX 200 is predicted to rebound by 7-9% over 2022/23, after falling by around 10% over the past financial year. Chief Economist Craig James provides his forecasts for interest rates, inflation, unemployment & the Aussie sharemarket.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose by 1.1%, snapping a three-day losing streak ahead of a highly anticipated Reserve Bank interest rate decision on Tuesday. While all 11 sectors advanced, energy stocks rose most.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket has pushed higher this morning, following a solid lead from Wall Street ahead of a US long weekend. Our major miners are starting to drop however, following a heavy fall for iron ore.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket has fallen by 10% over the past financial year, as central banks scampered to unwind stimulus that had been put in place at the height of the Covid emergency. The Utilities and Energy sectors were the clear stand outs.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
There was light trading ahead of a long holiday weekend. Gains were broad-based, led by utilities. The Dow Jones index rose by 322 points or 1.1%. The S&P 500 index lifted 1.1% with the Nasdaq index up by 99 points or 0.9%. Over the week the Dow fell by 1.3%; the S&P 500 fell by 2.2%; and the Nasdaq lost 4.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket ran out of steam this afternoon, slipping by 0.43% and extending its losing streak to a third day. Mining and energy stocks remained the hardest hit, while the banks fading from earlier gains also weighed on the index.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is edging higher following a 2% tumble on Thursday and the worst month and quarter in over two years. Energy and mining stocks are down most, held back by commodity prices declines.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets tumbled on Thursday after data showing a slowdown in consumer spending fuelled concerns about a US recession. Shares of Walgreens Boots Alliance shed 7.3% as its quarterly profit plunged. The Dow Jones index fell by 254 points or 0.8%. And the S&P 500 index lost 0.9% with the Nasdaq index down by 149 points or 1.3%. In the June quarter, the Dow fell 11.3% and the S&P 500 lost 16.4% - their worst quarters since the March quarter of 2020. The Nasdaq slid 22.4%, its worst quarterly stretch since 2008. Year-to-date the Dow shed 15.3%, its worst first half year since 1962. The S&P 500 dipped 20.6%, its worst first half since 1970 and the Nasdaq plunged 29.5%, its worst ever first half performance.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket slumped by 2% on the final day of the month, quarter and financial year. The index slumped by ~9% in June.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is slipping by 0.8% on the final day of the month, quarter and financial year. Most sectors are under pressure, led by banks, mining and energy stocks.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets were mixed on Wednesday in choppy trade approaching the end of the month, quarter and first half of the year on Thursday. Energy lost 3.4% while healthcare rose 0.9%. The Dow Jones index rose by 82 points or 0.3%. But the S&P 500 index lost 0.1% and the Nasdaq index fell by 4 points or less than 0.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket fell by ~0.94%, snapping a four-day winning streak following heavy declines in the US overnight and a pullback in eight of 11 sectors locally.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is slumping by 1.3%, with 10 of 11 sectors under pressure following a 2% tumble across US markets overnight and four straight sessions of gains for local stocks.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US treasuries were little changed on Tuesday. US Federal Reserve policymakers Mary Daly and John Williams promised further rapid interest rate hikes to bring down high inflation, but pushed back against growing fears among investors that sharply higher borrowing costs will trigger a steep US economic downturn. US 10-year yields fell by 1 point to near 3.18% but US 2-year yields rose by 1 point to near 3.12%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose by 0.86%, finishing at an intraday high and extending its winning streak to a fourth day in the process. Strong gains from resource stocks, led by BHP Group and Woodside helped most. Tech and retail stocks dominated the list of losers.
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The Australian sharemarket is edging higher for a fourth day thanks to strong gains from resource stocks. Collins Foods - which operates 261 KFC restaurants in Australia - is standing out, lifting 12% after handing down stronger profit results.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets eased on Monday. While energy rose 2.8% in response to higher oil prices, technology stocks gave back some of Friday's gains. Communication services fell by 1.1%. Shares in cryptocurrency exchange Coinbase Global fell 10.8% on a broker downgrade. The Dow Jones index fell by 62 points or 0.2%. The S&P 500 index lost 0.3% and the Nasdaq index fell by 83 points or 0.7%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose by 1.94% on Monday, its best improvement in five months and its first three-day winning streak since mid-May. A 3% lift across US markets on Friday helped set the tone locally, with all 11 sectors closing higher. Our market is still down by ~7% in June.
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The Australian sharemarket is lifting strongly in early trade on Monday, extending its winning streak to a third day following a 3% lift across US markets on Friday. All 11 sectors are pushing higher, however our market is still down heavily in June.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
US sharemarkets recorded solid gains on Friday. Banks rose 3.7% after all lenders passed the Federal Reserve stress tests. Shares in FedEx rose 7.2% after the parcel delivery company issued a stronger-than-expected full-year profit forecast. The Dow Jones index closed up by 823 points or 2.7%. The S&P 500 index added 3.1% and the Nasdaq index gained 375 points or 3.3%. Over the week the Dow rose by 5.4%; S&P 500 rose 6.4%; and the Nasdaq rose 7.5%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket rose by 0.74% and recorded its first back-to-back gain of the month. While this was enough to push the ASX 200 1.6% higher over the week, it follows a 6.6% tumble last week due to increasing US recession fears and a large rate hike.
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The Australian sharemarket is edging higher, recovering from a slow start in what continues to be a choppy week lacking direction. Energy stocks, utilities, financials and materials have been under some pressure. Tech stocks - this year's hardest hit - are lifting most on Friday.
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The defensive S&P 500 utilities (+2.4%), consumer staples (+2.0) and healthcare (+2.2%) sectors countered declines in the energy (-3.8%) and materials (- 1.4%) sectors amid growing worries about a possible US recession. Technology shares outperformed as bond yields slipped, with Apple (+2.2%) and Microsoft (+2.3%) shares both higher. The Dow Jones index closed up by 194 points or 0.6%. The S&P 500 index added 1.0% and the Nasdaq index gained 179 points or 1.6%.
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The Australian sharemarket rose by just 0.3% on Thursday, fading from this morning's gains of 0.66% and recording just its fifth improvement of the month. A slump in commodity prices weighed on our major mining and energy stocks.
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The Australian sharemarket is edging higher so far today, with nine of 11 sectors charging higher. Mining & energy stocks (1/3 of our market) are slumping however, following declining commodity prices.
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It was a volatile session as investors mulled comments by the Fed chair. The energy sector fell 4.2% in response to lower oil prices. The Dow Jones index fell by 47 points or 0.2% after trading in a 612 point range. The S&P 500 index fell 0.1%; the Nasdaq index lost 16 points or 0.2%.
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The Australian sharemarket fell by 0.23%, fading from this morning's better start and failing to record its first back-to-back gains of the month.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket was up slightly at midday, but has been fading from a stronger start. Follows the strongest lift of the month in Australia yesterday and the US overnight.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
So-called mega cap growth and energy companies drove gains on bargain hunting. Shares in Apple rose 3.3% with Microsoft up 2.5% and shares in Tesla up 9.4%. In company news, shares in Kellogg rose 2.0% after the breakfast cereal maker said it was splitting into three companies. The Dow Jones index rose by 641 points or 2.2%. The S&P 500 index rose by 2.5% and the Nasdaq index lifted by 271 points or 2.5%.
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The Australian sharemarket posted its best gain of the month, lifting by 1.4% and ending a seven-day losing streak in the process. Signs US stocks could kick off the holiday-shortened week higher and the RBA Governor flagging a likely 0.25% or 0.5% lift in the cash rate next month settled nerves.
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The Australian sharemarket is lifting by more than 1%, on track to end a seven-day losing streak thanks to broad gains across most sectors.
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The pan-European STOXX 600 index gained 1.0%, with bank stocks up 3.3%. European Central Bank (ECB) Chief Christine Lagarde reaffirmed plans to raise interest rates twice over the coming months. France's CAC 40 index added 0.6%, lagging other major indexes, after French President Emmanuel Macron lost an absolute majority in the country's parliamentary election. The German Dax index lifted 1.1% and the UK FTSE index gained 1.5%. In London trade, shares of Rio Tinto fell by 1.0% and BHP shares shed 1.6%.
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The Australian sharemarket fell for a 7th straight session, with the ASX 200 sliding by 0.64% due to heavy declines from our mining and energy stocks. PointsBet rose most, up 18% after securing a $94m investment from a US billionaire.
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The Australian sharemarket has faded from a mixed start, giving back early gains as mining and energy stocks weigh on the ASX 200. Six sectors are still managing to improve however, keeping the hope alive for our market's first lift since 8 June.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
CBA Director Mining and Energy Economist, Vivek Dhar discusses his upgraded price outlook for oil, coal and gas over the shorter to medium term, as Europe works to replace or reduce its reliance on Russian supply. He also speaks about how the Russia Ukraine conflict, China’s COVID lockdowns and rising interest rates are impacting commodity prices. And provides his forecasts for lithium and nickel prices, including how the transition to electric vehicles and renewables is impacting demand.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
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The energy sector fell 5.6% but communication services rose 1.3% and consumer discretionary rose by 1.2%. The Dow Jones index fell by 38 points or 0.1%. The S&P 500 index rose by 0.2% and the Nasdaq index lifted by 152 points or 1.4%. Over the week the Dow fell by 4.8% - the biggest weekly fall since October 2020. The S&P 500 fell by 5.8% - the biggest fall since March 2020. The Nasdaq fell by 4.8%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket fell by 1.76%, sliding for a sixth day, hitting a 19-month and having its worst week since the early stages of the pandemic. Around 40% of stocks on the ASX 200 hit 52-week lows as central banks push interest rates up aggressively in a bid to slow inflation
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Technology shares led the rout, after the US Federal Reserve's largest rate increase since 1994 to combat decades-high inflation fanned worries of a recession. Shares of mega cap growth companies Apple (-4.0%), Microsoft (-2.7%) and Tesla (-8.5%) all weighed on indexes. The Dow Jones index fell by 741 points or 2.4% after being down 928 points at session lows. The Dow fell below 30,000 points for the first time since January 2021. The S&P 500 index lost 3.3% and the Nasdaq index dropped by 453 points or 4.1%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket ran out of steam on Thursday, with the ASX 200 sliding by 0.15% despite a solid start. US interest rates rose by 75bp this morning; the largest rate hike in 28 years.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket is edging higher so far today, following a closely watched and expected 75bp rate hike by the US Federal Reserve. While this marks the largest US rate hike since 1994, investors had been preparing for the move in recent days.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket fell by 1.3%, sliding for a fourth straight day and remaining near a 16-month low, ahead of what could be the largest US rate hike since 1994 tomorrow morning. All 11 sectors lost ground.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
There was nervousness ahead of Wednesday's Federal Reserve interest rate decision. Traders are currently pricing in a 93.2% chance of a 75 basis point hike, up from 3.9% a week ago. In corporate news, shares in FedEx rose 14.4% after it lifted its quarterly dividend by 50%. The Dow Jones index fell by 152 points or 0.5%. The S&P 500 index lost 0.4%. But the Nasdaq index rose by 19 points or 0.2%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket slumped by 3.55% on Tuesday, its worst day since May 2020 and enough to drag the ASX 200 to a 16-month low. The catalyst was a hotter than expected update on US inflation last Friday, which has markets bracing for a larger US rate hike this Thursday. Our market also played catch-up due to the long weekend, as the S&P500 slumped by close to 7% over the past two sessions.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors fear that aggressive inflation-fighting rate hikes could tip the economy into recession. Reuters reported "Cryptocurrency- and blockchain-related stocks, including Riot Blockchain, Marathon Digital Holdings and Coinbase Global, all plunged as bitcoin slumped more than 10% after major US cryptocurrency lending company Celsius Network froze withdrawals and transfers citing "extreme" conditions." The Dow Jones index fell by 876 points or 2.8%. The S&P 500 index lost 3.9% with the Nasdaq index down by 532 points or 4.7%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket fell by 1.25% on Friday, briefly sinking to a 4 1/2 month low and having its most significant weekly decline since April 2020. The RBA's larger than expected 50bp rate hike on Tuesday, a key inflation report in the US tonight and a number of districts expected to re-enter lockdowns in Shanghai tonight all weighed on sentiment.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
Investors were nervous ahead of the release of consumer price data on Friday. The core (underlying) rate is tipped to have risen by 0.5% in May which would see the annual inflation rate ease for another month and potentially indicate that inflation has peaked. The Dow Jones index closed lower by 638 points or 1.2% with selling accelerating in the final hour of trade. The S&P 500 index lost 2.4% with the Nasdaq index down by 332 points or 2.8%.
Commonwealth Securities Limited ABN 60 067 254 399 AFLS 238814 (CommSec) is a wholly but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 12 12 124 AFSL: 234945 (the Bank) and a Market Participant of the ASX Limited and Cboe Australia Pty Limited, a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited. Any advice contained in this broadcast is general advice only. As the information in this broadcast has not been prepared with reference to your objectives, financial or taxation situation or needs, you should, before acting on it, consider its appropriateness to your circumstances and seek appropriate professional advice. CommSec, the Bank, and their related entities do not accept any liability arising out of or in relation to reliance on the information in this broadcast. We believe that the information in this broadcast is correct as at the time of its compilation, but no warranty is made as to its accuracy, reliability or completeness. This report is under copyright to CommSec and the Bank and may not be used without their prior consent.
The Australian sharemarket fell by 1.4%, closing at an intraday low, sliding for a fourth time in five days and hitting a one-month low in the process. The major banks have weighed on the ASX 200 for three days.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Higher bond yields especially weighed on technology stocks. Shares in chipmaker Intel fell by 5.3% in response to a negative broker report. The Philadelphia Semiconductor SE index was down 2.4%. The Dow Jones index closed lower by 269 points or 0.8%. And the S&P 500 index lost 1.1% with the Nasdaq index down by 89 points or 0.7%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket rose by 0.36% on Wednesday, lifting for the first time this week despite heavy losses from the major banks, as the RBA raised rates more aggressively than most expected on Tuesday. 10 of 11 sectors still moved higher, led by energy and utilities.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Technology led the way. Shares in Apple rose 1.8%. But shares in retailer Target lost 2.3% after said that it will have to offer deeper discounts to boost sales, thus trimming margins. Retail shares fell 1%. Shares in department store Kohl's rose 9.5% after it entered talks with retail store operator Franchise Group over a potential sale. The Dow Jones index closed up by 264 points or 0.8%. And the S&P 500 index rose by 1.0% with the Nasdaq index adding 114 points or 0.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket fell by 1.5% on Tuesday, slumping following the Reserve Bank's decision to raise rates more aggressively than expected. All 11 sectors finished in the red, with buy-now-pay-later firm Zip Co (ZIP) falling most.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Investors assessed prospects for growth in markets rattled by inflation and rate-hike concerns. Amazon.com shares climbed by 2% after implementing a 20-for-1 stock split. But Twitter shares slipped 1.5% after Tesla CEO Elon Musk said he might walk away from his buyout offer if the social media company fails to provide data on spam and fake accounts. Stocks rallied early in the trading session with the Dow Jones index up by more than 300 points after Beijing eased Covid-19 restrictions, boosting hopes this would help abate supply-chain pressures. Didi Global shares surged 24.3% on reports that Chinese regulators are set to ease curbs on the ride-hailing giant. The Dow Jones index closed up by 16 points or 0.1%. And the S&P 500 index rose by 0.3% with the Nasdaq index adding 49 points or 0.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket fell by ~0.5% in cautious trade ahead of tomorrow's highly anticipated RBA Board meeting and likely rate hike. Energy stocks rose most on firmer oil prices while tech & financial stocks weighed on the ASX 200.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
A bigger-than-expected lift in jobs suggested the Federal Reserve will maintain its aggressive rate policy. Shares in Tesla fell 9.2% on reports that the electric vehicle maker may cut 10% of jobs. Shares in Apple lost 3.9% on a broker report. The Dow Jones index fell by 349 points or 1.1%. The S&P 500 index fell by 1.6%. And the Nasdaq index lost 304 points or 2.5%. Over the week the Dow fell by 0.9%; S&P 500 lost 1.2%; and the Nasdaq lost 1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket has extended its winning streak to a third straight week, with the ASX 200 lifting by 0.88% on Friday thanks to gains across most sectors, particularly materials & tech. A 5% lift in the iron ore price helped support miners of the metal while lithium producers bounced back from heavy declines mid-week.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The ADP employment report showed a smaller-than-expected lift in jobs in April. Consumer discretionary led the way, up 3%. Shares in Tesla rose 4.7% with Nvidia up 6.9% and Meta Platforms up 5.4%. But shares in Hewlett Packard fell by 5.2% after downgrading profit and revenue expectations. The Dow Jones index closed higher by 435 points or 1.3%. The S&P 500 index rose by 1.8%. And the Nasdaq index gained 322 points or 2.7%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket fell by 0.8%, easily wiping out Wednesday's gains with nine of 11 sectors finishing in the red. Energy stocks rose most as Woodside completed its merger with BHP's petroleum business and Bubs Australia rose as it moves forward with emergency formula deliveries to the US.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Dow Jones index traded in a 687 point range. Investors weighed latest economic data and company earnings reports. Shares in Victoria's Secret rose 8.9% after the lingerie brand topped first quarter profit estimates. Shares in Salesforce rose 9.9% after it raised its full-year profit outlook. The Dow Jones index closed lower by 177 points or 0.5%. The S&P 500 index fell by 0.8%. And the Nasdaq index lost 87 points or 0.7%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie sharemarket finished higher on a volatile trading session with the ASX 200 adding 0.3%. Lithium miners fell sharply while 7 out of the 11 major sectors managed to close in positive territory.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Energy stocks fell 1.2% on reports that some OPEC members want to suspend Russia's participation in the production deal to allow other members to pump more crude. After being down 461 points at one stage, the Dow Jones index closed lower by 223 points or 0.7%. The S&P 500 index fell by 0.6%. And the Nasdaq index lost 50 points or 0.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Brainchip Holdings (BRN) CEO, Sean Hehir speaks with Tom Piotrowski about growth in the Ai market, its plans to establish more partnerships, as well as its focus on building a large and sustainable company.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Aussie sharemarket finished the last day of the month on a lower note with the ASX 200 shedding 1%. All sectors lost ground.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance. Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty LimitedDespite a mixed lead from Wall Street overnight, the Australian sharemarket finished 0.4 per cent or 26 pts higher, to 7155.2. Banks were noteworthy winners and were supported by a lift in US treasury yields and a hike in the New Zealand interest rate. The big four banks all climbed by at least 1 per cent. The Tech sector on the other hand lost 3 per cent after a 2.4 per cent slide in the tech-heavy Nasdaq index dampened investor sentiment. At the close, 8 of the 11 sectors finished in positive territory.
Investors were encouraged by an easing of Covid restrictions in China as well as new stimulus being unveiled by Chinese authorities. Luxury good manufacturers posted solid gains with Louis-Vuitton owner LVMH, Hermes, Pernod Ricard and Burberry up by between 0.6% and 4.4%. While gains were broad-based on European exchanges, technology stocks led gains, up by 2%, but telecom fell 0.6%. The pan-European STOXX 600 index rose by 0.6%. The German Dax index lifted by 0.8% and the UK FTSE index gained 0.2%. In London trade, shares in Rio Tinto rose by 0.6% while BHP shares rose by 1.5%.
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The Aussie sharemarket kicked the week off on a strong note and finished at session highs after the ASX 200 added 1.45 per cent or 103.9 pts, to 7286.6. A strong lead from Wall St. on Friday caused the Tech sector to climb 4.6 per cent and post its first three-day winning streak in two months. A rally in base metals on Friday also supported a 2.2 per cent increase in the local mining sector. Of the 11 sectors, 10 finished in the green.
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Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
There were expectations that inflation had peaked. Shares in computer hardware firm Dell rose 12.9% on better-than-expected earnings. Clothing retailer Gap lost 6.6% after trimming profit forecasts but shares in American Eagle Outfitters rose 4.3% despite similarly downgrading its outlook. The Dow Jones index closed higher by 576 points or 1.8%. The S&P 500 index rose by 2.5%. And the Nasdaq index gained 390 points or 3.3%. Over the week the Dow rose 6.2% and the S&P 500 rose 6.6% - both posting the biggest gains since November 2020. And the Nasdaq gained 6.8%.
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The S&P/ASX 200 commenced on a strong note and finished near session highs, adding 1.1 per cent or 76.8pts, to 7182.7. Energy stocks delivered the strongest gains and were led by an overnight rally in the oil price. The Financials sector finished 1.1 per cent higher, supported by a surge in the big four banks. Of the 11 sectors, 10 finished in positive territory.
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Shares of department store operator Macy's jumped 19.1% after it raised its annual profit forecast. And shares of discount store chains Dollar General (+13.7%) and Dollar Tree (+21.9%) both advanced following their annual sales forecast hikes. Chipmaker Broadcom's US$61 billion acquisition of VMware also boosted risk appetite. Broadcom's shares rose 3.6% with VMware's shares up 3.2%. The Dow Jones index closed higher by 517 points or 1.6%. The S&P 500 index rose by 2%. And the Nasdaq index gained 306 points or 2.7%.
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The Tech sector was the only sector to finish in positive territory following a 1.5 per cent lift in the tech-heavy Nasdaq overnight. Falling coal and gold prices put pressure on material stocks today, causing the Materials sector to post its largest daily loss in a week. Both the Consumer Discretionary sector and the Health Care sector have fallen for the past four straight days.
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Investors absorbed the minutes from the last Federal Reserve meeting. Shares in Tesla rose 4.9% with Amazon up 2.6% and both stocks were key drivers of the S&P 500 index. Department store operator Nordstrom Inc. rose 14.0% on the back of upbeat annual profit and revenue forecasts. The Dow Jones index closed higher by 192 points or 0.6%. The S&P 500 index rose by 1.0%. And the Nasdaq index gained 170 points or 1.5%.
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Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Weighing on sentiment was a profit warning from Snapchat owner, Snap Inc., with its shares sliding 43.1%. Technology stocks were generally lower. Shares in apparel retailer Abercrombie & Fitch fell by 28.6% after posting a quarterly loss and cutting its annual sales and margins outlook. But shares in Zoom Video Communications rose 5.6% after it raised it full-year profit forecast. The Dow Jones index closed higher by 48 points or 0.2% after being down 515 points earlier. The S&P 500 index fell by 0.8%. And the Nasdaq index lost 271 points or 2.4%.
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The Australian sharemarket fell by 0.28%, losing ground for the first time since last Thursday despite a strong lead from Wall Street overnight. With the exception of energy and property trusts, all sectors finished in the red or flat.
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Shares in JPMorgan Chase rose 6.2% after it raised its current year interest income outlook. The S&P banks index rose 5.1%. Tech stocks also rose with shares in Apple up 4% and shares in Microsoft rose by 3.2%. So far 474 of the companies in the S&P 500 have posted results. Of those, 78% beat expectations, according to Refinitiv. The Dow Jones index closed higher by 618 points or 2.0%. The S&P 500 index rose by 1.9%. And the Nasdaq index lifted by 181 points or 1.6%.
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The Australian sharemarket finished almost completely flat on Monday, despite gains for our major mining and energy stocks. A softer open in China and Beijing reporting a record number of Covid-19 cases in the current outbreak seemed to weigh.
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Shares in Tesla fell 6.4% in response to a negative news report. Shares in heavy equipment maker Deer & Co fell 14% in response to an earnings report. Shares in discount clothing retailer Ross Stores fell 22.5% after it cut its sales and profit forecasts. The Dow Jones index closed higher by 9 points or less than 0.1%. The S&P 500 index rose by less than 0.1%. But the Nasdaq index shed 34 points or 0.3%. Over the week the Dow fell 2.9% - the eighth straight decline and the longest losing streak since 1932. The S&P 400 fell 3.0% and the Nasdaq fell 3.8% - the seventh straight declines and the longest losing streak for both indexes since 2001.
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The Australian sharemarket rose by 1.15% on Friday, recouping most of yesterday's decline and pushing the ASX 200 higher for the week. Tech stocks rose most on Friday.
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Investors weighed prospects for economic growth against a backdrop of rising prices and tightening monetary policy. Shares of tech bellwether Cisco Systems slumped 13.7% after it cut its full-year revenue growth forecast. Under Armour shares shed 11.9% after the surprise departure of the sportswear maker's CEO Patrik Frisk. But shares of software company Synopsys lifted 10.3% after an earnings beat. The Dow Jones index closed lower by 237 points or 0.8%. The S&P 500 index dipped 0.6% and the Nasdaq index shed 30 points or 0.3%.
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The Australian sharemarket fell by 1.65%, snapping a four-day winning streak due to the worst tumble in close to 2-years in the United States and losses across 10 of 11 sectors. The unemployment rate fell to a 1974 low of 3.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the report is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance.
Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
Retailer Target said its first-quarter profit fell by half and the company warned of a bigger margin hit on rising fuel and freight costs. Shares in Target fell by 24.9%, the biggest drop since the 1987 sharemarket crash. Earlier on Tuesday, Walmart trimmed its profit forecast, its shares falling 11.4%. Shares in Walmart fell a further 6.8% on Wednesday. Shares in Tesla fell by 6.8% and shares in Apple lost 5.6%. The Dow Jones index lost 1,165 points or 3.6%. The S&P 500 index lost 4.0% and the Nasdaq index fell by 566 points or 4.7%.
This podcast is approved and distributed in Australia by Commonwealth Securities Limited based on information available at the time of publishing and any opinions, statements or recommendations are reasonably held or made as at the time of its compilation. The information in the podcast is subject to change without notice and do not reflect the view of CBA Group or any other employees within CBA Group. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this podcast. The information has been prepared without taking account of the objectives, financial situation or needs of any particular individual. For this reason, any individual should, before acting on this information should consider the appropriateness of the information, having regards to the individual's objectives, financial situation or needs, and, if necessary, seek appropriate professional advice. You can view the Terms and Conditions, Product Disclosure Statement, Best Execution Statement and Financial Services Guide, and should consider them before making any decision about our products and services. Past performance is no guarantee of future performance.
Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945. CommSec is a Market Participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a Clearing Participant of ASX Clear Pty Limited and a Settlement Participant of ASX Settlement Pty Limited.
The Australian sharemarket rose by 1%, extending its winning streak to a fourth day and hitting a two-week high in the process. Mining stocks drove the market higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Strong data on retail sales and production allayed concerns about the health of the economy. Financials, materials and technology all rose by near 3%. But shares in Walmart fell 11.4% after the retail giant trimmed its annual profit forecast. Investors also weighed latest comments from the Fed chair. The Dow Jones index closed higher by 431 points or 1.3%. The S&P 500 index rose by 2.0% and the Nasdaq index gained 322 points or 2.8%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket edged higher by 0.27%, lifting for a third day in cautious trade ahead of key data on wages and jobs due this week. The ASX 200 was pushed higher today by the banks, miners and energy stocks.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The energy sector rose 2.6% in response to higher crude prices but technology shares eased. Shares in Tesla fell by 5.9% with Amazon down 2.0% and Alphabet (Google) down 1.4%. The healthcare sector advanced 0.7%. Shares in Spirit Airlines rose 13.5% after JetBlue Airways launched a hostile takeover bid for the discount carrier. The Dow Jones index traded in a 586 point range over the session and closed higher by 27 points or 0.1%. The S&P 500 index lost 0.4% and the Nasdaq index fell by 142 points or 1.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose for a second day, with the ASX 200 lifting by 0.25%. Early this morning however, the market was up as much as 1% before the release of data highlighting a significant slowdown in China's economy. A pullback in commodity prices, losses on China's sharemarket and futures pointing to a softer start in the US also weighed.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were supported by US Federal Reserve Chair Jerome Powell’s reassurance on Thursday that bigger interest rate hikes would be off the table for now. Shares of Nike and Salesforce closed up 4.7% and 4.1%, leading the Dow Jones index higher. Meta Platforms (+3.9%), Alphabet (+2.8%), Apple (+3.2%) and Tesla (+5.7%) shares all finished higher. But Twitter shares plunged 9.7% after Elon Musk claimed his takeover offer was "temporarily on hold." The Dow Jones index closed up by 466 points or 1.5%. The S&P 500 index gained 2.4% and the Nasdaq index added 434 points or 3.8%. Over the week, the Dow fell 2.1%, the S&P 500 dropped 2.4% and the Nasdaq slipped 2.8%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket surged by 1.93% on Friday, its strongest daily lift since late January. However, this improvement was only just enough to recoup Thursday's 1.75% slide and the market has still extended its losing streak to a fourth week.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
After plunging almost 2% earlier in the session, the S&P 500 index almost erased its losses into the close of trade after Federal Reserve Bank of San Francisco President Mary Daly said that a 75 basis point rate hike is "not a primary consideration." Walt Disney shares dipped 0.9% following a disappointing quarterly report. Shares of Apple (-2.7%), Boeing (-4.8%) and Microsoft (-2%) all fell. The Dow Jones index closed down by 104 points or 0.3%, its sixth-straight daily decline. The S&P 500 index fell by 0.1%, but the Nasdaq index added 7 points or 0.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 1.75% on Thursday, hitting a three-month low and continuing its pullback that started in mid-April. All 11 sectors finished lower following a closely watched update on US inflation which highlighted prices rising at a faster than expected pace.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US consumer prices data did little to ease investor worries over the outlook for inflation and interest rates. Federal Reserve Bank of Atlanta President Raphael Bostic said he's open to "moving more" on interest rates to tame inflation. Shares of tech giants Apple (-5.2%), Meta Platforms (-4.5%), Netflix (-6.4%) and Tesla (-8.3%) all fell sharply. The Dow Jones index closed down by 327 points or 1% after being up 423 points earlier in the session. The S&P 500 index fell by 1.7% and the Nasdaq index dipped 373 points or 3.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket edged higher in late trade, with the ASX 200 lifting by a modest 0.19% ahead of key US inflation data due tonight. This marked the first gain in four trading sessions.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Traders assessed comments from several US Federal Reserve speakers including Cleveland Federal Reserve President Loretta Mester who said, "we don't rule out 75 [basis point rate hikes] forever." Shares of Apple rose by 1.6%, boosting the S&P 500 and Nasdaq indexes. Tesla shares were also up 1.6%. But IBM shares slipped 4%. Peloton shares tumbled 8.7% after its CEO said the fitness equipment maker was "thinly capitalised." The Dow Jones index closed down by 85 points or 0.3% after being up 506 points earlier in the session. But the S&P 500 index rose by 0.3% and the Nasdaq index added 114 points or 1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 1% and lost ground for a third day as 10 of 11 sectors declined. The ASX 200 was down as much as 2.5% and hit a three-month low this morning, before gains from Chinese markets and signs of a calmer start in the US and Europe tonight seemed to settle nerves.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The S&P500 slumped by 3.2% overnight, sliding to ~13-month lows as markets continue to focus on rising rates in coming months and 40-year high inflation.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 1.2% on Monday, after sliding for three straight weeks. This follows rate hikes in Australia, the US and UK last week. Eight of 11 sectors lost ground today.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The US sharemarket fell for a fifth straight week, with investors continuing to react to rising interest rates.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 2.16% on Friday, the largest tumble since February. All 11 sectors lost ground for just the ninth time this year as interest rates rose in Australia, the US and UK this week to fight off inflation.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The US sharemarket has had one of its largest u-turns since the pandemic started, with the S&P500 slumping by 3.6% after rising by 3% a day earlier. Markets let out a sigh of relief yesterday after the Federal Reserve Chair Jerome Powell seemed to rule out raising rates by 0.75% at a time. Overnight, all sectors and 97% of stocks on the S&P 500 fell.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.8%, snapping a three-day losing streak. The Federal Reserve raised rates by 50bps but ruled out more aggressive rate hikes.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The US sharemarket rose by 3% following the Federal Reserve ruling out 75bps rate hikes in coming months. The US central bank did raise rates by 50bps this morning however, its largest hike since 2000 due to surging inflation. While a significant move higher, this was widely expected by markets.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket eased by 0.16%, slipping for a third day in cautious trade ahead of an expected rate hike in the US tomorrow morning. ANZ handed down its half year results, mining stocks fell and a number of retailers updated investors at a conference.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The US sharemarket edged higher in cautious trade ahead of the highly anticipated decision on US interest rates tomorrow morning. Plenty of companies released quarterly results including Airbnb, AMD and Starbucks.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 0.4%, sliding for a second day as the Reserve Bank raised interest rates for the first time in 11 1/2 years. Banks and insurers bounced off their lows while tech and property stocks pulled back in late trade.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The US sharemarket edged higher on Monday, with the S&P500 rising by 0.57%. Trade was volatile ahead of the market's expectations for US and UK rate hikes on Thursday. SPI futures are down 0.34% ahead of the Reserve Bank's key meeting this afternoon.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 1.2%, with all 11 sectors pulling back following the largest daily decline in close to two years in the United States. Travel stocks were mostly higher, with Qantas lifting by almost 3% after flagging a potential return to profitability next year.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Market Analyst Steven Daghlian wraps up a relatively choppy and underwhelming month of April for global markets. Rate hike fears, surging inflation, China lockdown worries and profit results were in focus.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The US sharemarket slumped by 3.6% on Friday, taking the losses for the month to 8.8%. A 14% tumble for Amazon following its quarterly results and a weak sales outlook, weighed heavily. SPI futures are pointing to a lower start on the ASX Monday.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 1.06% on Friday, but still finished a touch lower this holiday-shortened week and month. Tech stocks - this month's worst performers - rose most today.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The US sharemarket rose by 2.5% overnight, recording its strongest gains in seven weeks thanks to tech stocks. Meta (formerly Facebook) rose by ~18% after handing down a US$7.5bn quarterly profit in after hours trade yesterday. Apple and Amazon posted mixed results this morning.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 1.3%, snapping a 3-day (4.3%) losing streak for the ASX 200. While most sectors advanced, it was the mining sector that drove the index higher. AMP rose most after selling its international infrastructure equity business.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The US sharemarket finished just 0.2% firmer despite being up as much as 1.6% at one stage. The American profit reporting season continued, with Meta (formerly Facebook) lifting in after hours trade following an above consensus increase in quarterly profits.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 0.78%, sliding for a third day and hitting a six-week low in the process. Inflation rose at a faster than expected rate in the March quarter according to a report this morning, which could lead to a rate hike in coming months. Energy and mining stocks rose.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets slumped on Tuesday with tech stocks leading the declines. Investors are worried that more aggressive Federal Reserve policy could lead to slower economic growth. Shares in General Electric fell by 10.3% after forecasting earnings at the low end of its previous estimate. Investors await earnings from Alphabet and Microsoft after the close. At the close of trade, the Dow Jones index was lower by 809 points or 2.4%. The S&P 500 index lost 2.8%. And the Nasdaq index lost 514 points or 4.0%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 2.1% on Tuesday, having its largest fall in two months. All 11 sectors lost ground, with mining and energy stocks down most.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The board of Twitter has agreed to be taken over by Elon Musk for US$44 billion in cash. Elon Musk intends to convert the social media platform into a private company. Shares in Twitter rose by 5.7%. Chinese shares and shares of mining and energy stocks fell on concern about the health of the Chinese economy. Shares in Chevron fell 2.1% with shares in Exxon Mobil down by 3.4%. Investors await quarterly results from Alphabet, Apple, Microsoft and Amazon over the week. Around a third of S&P 500 firms are due to report this week. At the close of trade, the Dow Jones index was up by 238 points or 0.7%. The S&P 500 index rose by 0.6%. And the Nasdaq index gained 166 points or 1.3%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Aussie shares recorded its worst day since 24 February, following the footsteps of Wall St overnight after the US Federal Reserve flagged more aggressive stance on rate hikes. Materials & Tech sectors weighed the most while Healthcare and Consumer Staples stocks softened the losses.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were weaker on Thursday after the US Federal Reserve chair flagged more aggressive rate hikes in coming months. Mega cap technology stocks fell the most. At the close of trade, the Dow Jones index was down by 368 points or 1.1%. The S&P 500 index fell by 1.5%. And the Nasdaq index lost 278 points or 2.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Aussie shares edged higher supported by banks while the materials and technology stocks lost ground. The benchmark ASX 200 index added 24 points to close 0.3 per cent higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Aussie shares are set for a positive start despite a mixed lead from Wall St on Wednesday. Shares in Netflix slumped in-reaction to the quarterly update while other streaming competitors also fell. At the close of trade, the Dow Jones index rose by 250 points or 0.7%. The S&P 500 index fell by 0.1%. And the Nasdaq index lost 167 points or 1.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Aussie shares faded from best levels earlier in the day to close flat at session lows. Materials and energy stocks were the laggards, while the healthcare sector surged on takeover offer for Ramsay Health Care.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets rose on Tuesday in response to positive earnings results but after market result announcement by Netflix with a disappointing set of numbers dampened the market sentiment. At the close of trade, the Dow Jones index rose by 500 points or 1.5%. The S&P 500 index rose by 1.6% and the Nasdaq index gained 287 points or 2.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Aussie shares started the holiday shortened week on a strong note despite a weaker lead from Wall Street overnight, with the ASX 200 index adding 0.6%. Energy and materials sectors were the standouts while healthcare and technology shares underperformed.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets eased on Monday as bond yields marched higher. Technology shares fell while bank shares rose after Bank of America beat expectations with its quarterly profit. At the close of trade, the Dow Jones index fell by 40 points or 0.1%. The S&P 500 index fell by less than 0.1% and the Nasdaq index lost 19 points or 0.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Aussie shares closed the holiday shortened week on a strong note with the ASX 200 posting a gain of 44 or or 0.6%. All sectors finished higher with the the exception of financials, dragged lower by the half year results announcement by the Bank of Queensland.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Local shares are expected to start in positive territory as US sharemarkets advanced on Wednesday. Growth stocks rebounded, despite strong inflation data and a mixed bag of quarterly earnings. At the close of trade, the Dow Jones index rose by 344 points or 1%. The S&P 500 index gained 1.1% and the Nasdaq index added 272 points or 2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Aussie shares closed higher with the ASX 200 posting a gain of 25 points or 0.34% to 7479 led by mining and energy sectors supported by rising commodity prices.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Local shares are set for a flat start as US sharemarkets retreated on Tuesday. Surge in oil prices and reignited inflation worries dragged the market lower. At the close of trade, the Dow Jones index fell by 88 points or 0.3%. The S&P 500 index dipped 0.3% and the Nasdaq index shed 40 points or 0.3%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Local shares closed lower following the footsteps of Wall St on concerns with rising long term interest rates and weaker commodity prices. All sectors lost ground.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Local shares are set for a lower start as US sharemarkets fell on Monday as investors focused on inflation and the impact of policy tightening by central banks. Rate-sensitive growth stocks lead declines. At the close of trade, the Dow Jones index fell by 413 points or 1.2%. The S&P 500 index dipped 1.7% and the Nasdaq index shed 299 points or 2.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The ASX 200 started the week on a strong note but faded after hotter than expected Chines inflation data to close on a flat note. Surging US Treasury Yields on Friday paved the way for the Financials sector to climb 0.8%, but also saw the interest-rate-sensitive local Tech sector retreat 0.9% and post its fourth straight loss.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Local shares are set for a positive start despite a mixed lead from Wall St on Friday. US sharemarkets were mixed on Friday as investors grappled with the US Federal Reserve's campaign against elevated price pressures. Megacap technology stocks declined, weighed down by the surge in US treasury yields. But interest rate-sensitive lenders rose.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket edged higher by 0.5% on Friday, with seven of 11 sectors edging higher. The ASX 200 however, snapped a three-week winning streak, with the index easing by 0.2% this week.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting for the first time since Tuesday, with the ASX 200 up 0.6% thanks to a solid lead from Wall Street and gains across 10 of 11 sectors locally.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets rebounded on Thursday, following back-to-back session losses as investors reassessed the US Federal Reserve's plans to tighten monetary policy to combat high inflation. The Dow Jones index rose by 87 points or 0.3% after being down 306 points earlier in the session. The S&P 500 index gained 0.4% and the Nasdaq index added 8 points or 0.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 0.63%, slipping for a second day and keeping the market on track to snap a three-week winning streak, unless the index posts a gain of at least 0.7% on Friday. Eight of 11 stocks fell.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is slipping for a second day as investors digest the possibility of aggressive rate hikes in the United States. Tech stocks are falling most while Magellan is the strongest improver on the ASX 200.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets tumbled on Wednesday as the US Federal Reserve gave more guidance on how fast it will tighten monetary policy to fight inflation, raising concerns it may slow the US economy. At the close of trade, the Dow Jones index fell by 145 points or 0.4% after being down 364 points at session lows. The S&P 500 index slid 1% and the Nasdaq index shed 315 points or 2.2%. US treasuries were mixed on Wednesday after minutes from the latest Federal Reserve meeting signalled that Fed officials will reduce its bond holdings at a maximum pace of US$95 billion a month. US 10-year yields rose by 3 points to near 2.59%, but US 2-year yields fell by 3 points to near 2.48%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 0.5%, easing for the first time this week with nine of 11 sectors pulling back. The European Union considering a ban on Russian coal imports helped push Whitehaven and New Hope higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is down by ~0.8%, its first decline of the week and the most significant pullback in approximately a month. Nine of 11 sectors are losing ground. Coal miners are pushing higher as the European Union considers a Russian coal ban.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Comments from US Federal Reserve Governor Lael Brainard spooked investors about potential aggressive policy actions by the US central bank to control inflation. Technology shares fell sharply, led lower by Apple (-1.9%) and Amazon (-2.6%). But shares of Twitter (+2%) extended gains on plans to offer Tesla CEO and entrepreneur Elon Musk a seat on its board of directors. At the close of trade, the Dow Jones index fell by 281 points or 0.8%. The S&P 500 index slid 1.3% and the Nasdaq index shed 328 points or 2.3%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket edged higher for a second day, with the ASX 200 lifting by 0.2%. The RBA kept rates on hold at 0.1% as expected but dropped the '...Board is prepared to be patient' from its Statement, opening the door for rate hikes.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting for a second day, with the ASX 200 being driving higher by gains across 10 of 11 sectors. Reports the European Union is considering ramping up sanctions on Russia contributed to a 4% lift in oil prices overnight.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets advanced on Monday. Indexes were boosted by megacap tech and growth stocks and a surge in Twitter (+27.1%) after Elon Musk revealed a stake in the company, making him its largest shareholder. Tesla shares rose 5.6% after the company on Saturday reported record electric vehicle deliveries for the first quarter. Shares of Apple (+2.4%), Amazon (+2.9%), Nvidia (+2.4%) and Microsoft (+1.8%) were all higher. But shares of Starbucks dipped 3.7% after the coffee chain suspended its share repurchase program. At the close of trade, the Dow Jones index rose by 104 points or 0.3% after being down 203 points at session lows. The S&P 500 index added 0.8% and the Nasdaq index gained 271 points or 1.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.27% on Monday, lifting for the first time since last Wednesday thanks mostly to gains from our mining sector.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is edging higher, with the ASX200 lifting by ~0.3% thanks mainly to gains from our major miners.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Investors digested the latest jobs report. Medical technology company Edwards Life Sciences (+4.5%) and gold miner Newmont (+4.2%) were the top performers in the S&P 500 index. Verizon Communications (+2.3%) led the Dow Jones index higher. Apple shares fell 0.2% after JP Morgan removed the stock from its analyst "focus list." The Dow Jones rose by 140 points or 0.4% and the S&P 500 added 0.3%. The Nasdaq index gained 41 points or 0.3%. Over the week, the Dow slipped 0.1%, but the S&P 500 rose 0.1% and the Nasdaq lifted 0.7%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket ran out of steam in late trade with the ASX 200 easing by 0.08%. Strong gains from our mining and energy stocks fell short of offsetting losses in most other sectors. The ASX200 still rose for a third week and follows March's 6.4% jump.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is off to a quiet start to the new month and quarter, with the ASX 200 barely budging at midday. Mining stocks - which have improved for five months and contributed to March's gains - are keeping the market slightly higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Market Analyst Steven Daghlian takes a look back at the strongest month since late 2020, the ASX 200’s winners and losers in March, together with the impact of rising interest rates, war and lockdowns on markets.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets fell on Thursday on fading optimism for progress on Ukraine-Russia peace talks. Investors await the all-important monthly job figures on Friday. The Dow Jones index closed lower by 550 points or 1.6% and the S&P 500 index lost 1.6%. The Nasdaq index shed 222 points or 1.5%. In March, the Dow rose 2.3%; S&P 500 rose 3.6%; and the Nasdaq rose 3.4%. In the March quarter the S&P 500 fell by 4.9% and Nasdaq fell 9.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket eased by 0.2%, ending a seven-day winning streak due to losses across 8 of 11 sectors. The ASX200 rose by 6.4% over the month, making it its best month since November 2020.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is edging higher on Thursday, lifting for an eighth day as the ASX200 is hours away from recording its strongest month since November 2020 thanks to mining stocks moving higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The ASX 200 is set for a small gain at the start of trade on Thursday , as investors look to preserve a 6.6% gain in monthly terms. US sharemarkets fell on Wednesday as hopes faded for a de-escalation in the war in Ukraine and investors assessed the risks to US economic growth from accelerating inflation. Apple shares, which have risen for 11 consecutive sessions, fell by 0.7% after a report that it's working to bring more financial services in-house. Shares of Procter & Gamble also dipped 0.7% following a downgrade from JPMorgan. The Dow Jones index closed lower by 65 points or 0.2% and the S&P 500 index lost 0.6%, both snapping a 4-day winning streak. And the Nasdaq index shed 177 points or 1.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.7%, lifting for a seventh day and keeping the ASX200 on track for its best month since November 2020. With the exception of mining and energy stocks, all other sectors advanced.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting by 0.7% at lunch, extending its winning streak to a seventh day and remaining on track to have its best month since November 2020. A big spend pre-election Federal Budget was handed down last night, there were reports of progress being made in Ukraine-Russia peace talks and the bond market sell-off continued to receive attention.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Chief Economist, Craig James discusses the features of the Federal Budget and the impact on the Australian economy.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were firmer on Tuesday. Reuters noted that stocks were "lifted by signs of progress in peace talks between Russia and Ukraine, while a widely tracked part of the Treasury yield curve flashed warning signs for the economy as it neared inversion." The energy sector fell 0.4% as oil prices eased. The Dow Jones index rose by 338 points or 1.0%. The S&P 500 index rose by 1.2% and the Nasdaq index rose by 265 points or 1.8%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose for a 6th day, with the ASX 200 lifting by 0.7%. Mining and energy stocks eased as oil prices slumped by 7% as Shanghai entered a 9-day lockdown.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting for a sixth day for the first time this year, while the ASX200 is now slightly higher this calendar year. While energy and mining stocks are lower due partly to lockdowns in China, all other sectors are higher on Budget day.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were firmer on Monday. Oil producers fell in response to a 7% slide in the oil price. And bank stocks fell 1.0% in response to lower longer-term yields. Reuters reported "Electric-car maker Tesla jumped 8.0% after saying that it will seek investor approval to increase its number of shares to enable a stock split." Shares in Apple rose 0.5% after a report said the company was planning to cut iPhone and AirPod output. The Dow Jones index rose by 95 points or 0.3%. The S&P 500 index rose by 0.7% and the Nasdaq index rose by 186 points or 1.3%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket faded this afternoon, but still managed to lift for a fifth day, hitting a 10-week high and remains on track to have its best month since November 2020.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is being carried by mining and bank stocks at lunch, with the ASX 200 up by ~0.5%. This currently puts the market on a five-day winning streak and remains on track to have its best month since November 2020.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were mixed on Friday. Financials rose 1.3% in response to higher bond yields. Utilities rose 1.5% and energy rose 2.3%. But technology and consumer discretionary sectors both fell 0.1%. The Dow Jones index rose by 153 points or 0.4%. The S&P 500 index rose by 0.5% but the Nasdaq index fell by 22.5 points or 0.2%. Over the week, the Dow rose 0.3%; the S&P 500 index rose by 1.8%; and the Nasdaq rose by 2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket edged higher by 0.26% on Friday, lifting for a fourth day and hitting a near 10-week high in the process. Mining stocks drove the gains today and all week, particularly BHP Group (BHP) which rose by 8% in five days. BHP makes up around 9% of the Australian sharemarket by market capitalisation.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket if lifting for a fourth day and sitting at 10-weeks highs in the process. Mining stocks continue to keep the market positive, with contributions from Wesfarmers, Macquarie, Woodside and Goodman Group also helping.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The US sharemarket rose by 1.4% overnight (S&P500 down 1.2% a day earlier). Chipmakers NVIDIA, Intel & AMD were among the stronger performers. Futures are pointing to a better start for the Australian sharemarket on Friday.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket edged higher for a sixth time in seven days despite a soft start and losses on Wall Street. Mining and energy stocks led the market higher, following gains in commodities overnight.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is pushing higher at midday, recovering from a slow start and a negative lead from Wall Street overnight. Gains in oil, iron ore, gold and base metals are leading our major mining and energy stocks higher, offsetting losses from tech, banks and healthcare companies.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Global markets went backwards last night, with the S&P 500 sliding by 1.2% as most sectors finished in the red. Energy stocks stood out however, following a 5% lift in oil prices, on news a pipeline from Kazakhstan to the Black Sea experienced storm damage and could take months to repair.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.5%, lifting for a fifth time in six days and hitting a fresh two-month high in the process. While mining stocks declined for the first time in six days, all other 10 sectors advanced.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is up by ~0.5%, lifting for a fifth time in six days and briefly touching a fresh two-month high. Mining stocks are weighing most after five straight days of gains.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets rose on Tuesday. Banks lifted 2.5% on the belief that the Federal Reserve will lift interest rates more aggressively in coming months. Shares in Wells Fargo rose 4.4%. Communication services rose 2% with information technology up 1.4%. Shares in Alibaba rose 11% after it raised its share buyback program to a record US$25 billion. Nike shares advanced 2.2% as it beat quarterly profit and revenue expectations. Shares in Tesla rose 7.9% after it sold its first German-produced vehicle. The Dow Jones index closed higher by 254 points or 0.7%. The S&P 500 index rose by 1.1% and the Nasdaq index lifted by 270 points or 2.0%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
While the Australian sharemarket eased from earlier highs, the ASX 200 still rose for a fourth time in five days and hit a two-month high in the process. A significant lift in some commodities helped our major miners lead the market higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting by ~1%, lifting for a fourth time in five days and hitting a two-month high in the process. A significant lift in some commodity prices have helped mining and energy stocks lead the ASX 200 higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets fell on Monday. US Fed chair Jerome Powell flagged more aggressive monetary policy tightening. Futures now suggest a 60.7% chance of a 50 basis point rate hike at the next meeting in May. At the same time oil prices lifted near 7%. Shares of Boeing slid 3.6% after one of its 737-800 aircraft operated by China Eastern Airlines crashed in southern China with no apparent survivors. The Dow Jones index closed lower by 202 points or 0.6%. The S&P 500 index lost less than 0.1% and the Nasdaq index fell by 55 points or 0.3%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell away from this morning's better start, with the ASX 200 slipping by 0.22%. This coincided with signs the US market might get off to a soft start and major banks giving back early gains. The ASX 200's fall has put an end to a three-day winning streak for the index.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting for a fourth day, with the ASX 200 up slightly thanks to gains from our major miners, tech stocks, banks and Wesfarmers.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets climbed on Friday. Ten of 11 S&P 500 sectors rose with utilities (-0.9%) the only sector to fall. Investors were heartened by talks between the US and China where both leaders stressed the need for a diplomatic solution to the crisis. Shares in US delivery firm FedEx slumped almost 4% after a weaker-than expected quarterly earnings report. The Dow Jones index closed higher by 274 points or 0.8%. The S&P 500 index lifted by 1.2% and the Nasdaq index rose by 279 points or 2.1%. Over the week, major indices posted the strongest gains since November 2020. The Dow rose 5.5%; the S&P 500 rose 6.2%; and the Nasdaq lifted 8.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.6%, lifting for a third day, hovering around a one-month high and posting its strong weekly gains of the year to date.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting for a third day, with the ASX200 up by ~0.2% thanks to strong gains from energy and mining stocks.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets climbed on Thursday. Sentiment was boosted after Bloomberg reported that JPMorgan processed Russian bond payments and sent the money on to Citigroup, taking a technical default off the table. Oil and gas producers Occidental Petroleum (+9.5%) and Devon Energy (+9.7%) led gains on the S&P 500 index as oil prices surged. The Dow Jones index closed higher by 418 points or 1.2%. The S&P 500 index also lifted by 1.2% and the Nasdaq index rose by 178 points or 1.3%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 1.05% on Thursday, hitting a one-month high in the process. Nine of 11 sectors improved. Interest rates were raised in the US for the first time in three years, while the unemployment rate in Australia fell to a 14-year low of 4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is up by more than 1% thanks to gains across most sectors. The US central bank raised interest rates for the first time in more than three years this morning and flagged an additional six hikes in 2022. Close to 80,000 jobs were added in Australia last month with the unemployment rate improving to 4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets climbed on Wednesday after US Federal Reserve Chair Jerome Powell struck a more positive tone on the prospects for US economic growth, despite policy tightening. The S&P 500 bank index rose by 3.7%. And megacap tech shares lifted with Tesla (+4.8%), Amazon (+3.9%) and Apple (+2.9%) all higher. The Dow Jones index closed higher by 519 points or 1.6% after swinging in a 576 point range. The S&P 500 index lifted by 2.2% and the Nasdaq index rose by 488 points or 3.8%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
A reading of business inflation was softer than expected and oil prices fell 6.5%, easing inflation concerns. While shares of energy producers eased, airlines rose, with Delta up 8.7%. The Dow Jones index closed higher by 599 points or 1.8%. The S&P 500 index lifted by 2.1% and the Nasdaq index rose by 367 points or 2.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 1.1%, enough to recoup Tuesday's losses thanks to gains across all 11 sectors. Despite a 12% tumble in oil and iron ore prices in 48 hours, resource stocks were mostly higher. New Zealand plans to reopen its borders to vaccinated Australians in four weeks. Qantas (QAN) and Flight Centre rose.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting by 1%, following a strong lead from Wall Street and gains across all 11 sectors. Oil and iron ore prices have fallen by ~12% in two days partly due to Covid-19 related lockdowns in China.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 0.73% following a slump in commodities, which led to losses for our mining and energy stocks.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is in the red mainly due to losses in mining and energy sectors. Commodity prices have taken a hit as Ukraine-Russia talks continue and a Covid-19 spike in China has resulted in a lockdown.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Investors assessed the latest geo-political developments ahead of this week's US Federal Reserve meeting. Shares of Chevron (-2.5%) and Devon Energy (-10.2%) slid as oil prices plunged. Tesla (-3.6%) and Alphabet (-3.0%) shares dropped as US treasury yields jumped. Apple shares slid 2.7% as its supplier Foxconn halted operations due to a lockdown in Shenzhen, China. But shares of American Express (+2.9%) and Visa (+1.8%) both rose. The Dow Jones index closed up by just 1 point or less than 0.1% after being up 451 points earlier in the session. The S&P 500 index fell by 0.7% and the Nasdaq index shed 263 points or 2.0%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 1.2%, recouping Friday's losses and shaking off a weak lead from Wall Street.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting by ~1% at lunch, thanks to gains across most sectors and despite a weak lead from Wall Street. Agribusiness Elders is lifting most after raising its profit guidance for the year.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Investors assessed the latest news on the war in Ukraine. Data also showed a bigger than- expected fall in consumer sentiment. Technology fell the most with Apple down 2.4% and Tesla down 5.1%. At the close, the Dow Jones index was down by 230 points or 0.7% after being up 341 points earlier in the session. The S&P 500 index fell by 1.3% and the Nasdaq index shed 286 points or 2.2%. Over the week the Dow fell by 2.0%; the S&P 500 lost 2.9%; and the Nasdaq fell 3.5%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by close to 1%, ending a two-day winning streak and dragging the market lower for the week. Mining and energy stocks rose, while most sectors lost ground.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket has faded from a better start, with gains from our major miners being offset from losses across most sectors.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US inflation accelerated for a sixth successive month and peace talks between Ukraine and Russia failed. Shares of tech giants Apple (-2.7%) and Tesla (-2.4%) both slumped. But Amazon shares jumped 5.4% after the company announced a 20-for-1 stock split and US$10 billion buyback. The Dow Jones index closed lower by 112 points or 0.3% after being down 466 points at session lows. The S&P 500 index fell by 0.4% and the Nasdaq index shed 126 points or 1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Charter Hall Long WALE REIT (CLW) Fund Manager, Avi Anger speaks with Tom Piotrowski about the fund’s half year results, how it benefits from rising inflation and its focus on tenants from defensive industries.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 1.1%, following the best performance in close to two years for the S&P 500 last night. A 12% slump in oil pushed energy stocks lower but followed a 14-year high for the commodity a day earlier.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting by 1%, heading higher for a second day following a strong lead from Wall Street and improvements across most sectors.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets rose on Wednesday, with sentiment lifted by a pullback in oil prices. Investors scooped up beaten down stocks. Megacap growth stocks led gains with Netflix (+5%), Microsoft (+4.6%) and Tesla (+4.2%) shares all higher. General Electric shares rose 3.5% as the company authorised a US$3 billion share buyback program. Shares of Bank of America jumped 6.4% with Salesforce.com shares up 5.8%. The Dow Jones index closed up by 654 points or 2% after being up 825 points at session highs. The S&P 500 index lifted 2.6%, posting its best day since June 2020. And the Nasdaq index added 460 points or 3.6%, its best trading session since November 2020.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 1%, ending a three-day losing streak and doing enough to recoup Tuesday's losses. The US & UK ban on Russian oil imports pushed oil prices higher. Woodside rose by 0.75%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is higher on Wednesday, with most sectors improving. The US decision to ban Russian oil has pushed the commodity higher, nickel trading was put on hold due to surging prices and the RBA Governor has delivered a closely watched speech.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Investors digested the news of a US ban on Russian oil imports. Banks rose 2.2% in response to higher bond yields. Shares in Caterpillar rose 6.8% in response to a broker upgrade. At the close of trade the Dow Jones index was down by 185 points or 0.6% after earlier being down 239 points and up by 586 points. The S&P 500 index was down by 0.7% and the Nasdaq was lower by 35 points or 0.3%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell for a third day, with the ASX 200 sliding by 0.8% and hitting a one-month low in the process. Mining and energy stocks fell most.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) is a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited (formerly Chi-X Australia Pty Limited), a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket has had a messy start to trade, as surging oil prices threaten to slow global growth and push inflation higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The US mulled a ban on Russian oil imports. Technology, financials, communication services and consumer discretionary led the declines. Shares in global companies fell sharply with American Express down by 8.0% and McDonalds down 4.9%. But energy rose 1.5% and defence stocks led the gains. Shares in Lockheed Martin rose by 1.8%. At the close, the Dow Jones index was down by 797 points or 2.4%. The S&P 500 index fell by 3.0% and the Nasdaq was lower by 482 points or 3.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 1% on Monday; its worst decline of the month so far. While most sectors fell, surging commodity prices have helped energy and mining stocks continue to move higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is coming under pressure so far on Monday, with strong gains from our mining and energy stocks unable to completely offset losses from all other sectors. Oil prices have jumped by 14-year highs as the Russia-Ukraine war escalates further.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets fell on Friday with the war in Ukraine dominating attention over-shadowing the latest jobs data. Banks fell by 3.4% in response to lower bond yields. And the energy sector rose 2.9% on the soaring oil price. At the close of trade, the Dow Jones index was down by 180 points or 0.5%. The S&P 500 index fell by 0.8% and the Nasdaq fell by 224.5 points or 1.7%. Over the week the Dow lost 1.3%; the S&P 500 index lost 1.3%; and the Nasdaq lost 2.8%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 0.57% on Friday, snapping a five-day winning streak on reports Russian troops attacked Europe's largest nuclear power plant in Ukraine. Mining and energy stocks surged by 8% this week however, making it the best week in close to six years for the materials index.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Market Analyst Steven Daghlian looks at the winners and losers of the February earnings season as well as the key themes to emerge, including companies becoming more cautious, the impact of the pandemic as well as ongoing cost pressures.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is under pressure as US futures slump and Europe's largest nuclear power plant comes under attack in Ukraine.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Investors weighed up developments in the Ukraine war, mixed economic data, interest rate expectations and movements in the oil price. Pivotal jobs data is released on Friday. At the close of trade, the Dow Jones index was down by 97 points or 0.3%. The S&P 500 index fell by 0.5% and the Nasdaq fell by 214 points or 1.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.5%, extending its winning streak to a fifth day for the first time this year. The world turning away from Russian commodities is creating concerns of a supply shortage, in turn pushing prices significantly higher. Both Woodside & Santos hit fresh 2-year highs while coal miner Whitehaven surged by 10%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is currently lifting for a fifth straight day, with mining and energy stocks providing the most significant boost.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets posted solid gains on Wednesday. The Financials sector rose 2.6% after Fed chair Powell signalled a rate hike at the next policy meeting. The Dow Jones index was up by 596 points or 1.8%. The S&P 500 index rose by 1.9% and the Nasdaq rose by 220 points or 1.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket edged higher for a 4th day, thanks to strong gains from mining and energy stocks. A significant lift for resource stocks was enough to offset losses across other sectors. This is the longest winning streak of the year for our market.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket has recovered from this morning's 0.8% decline, to be a touch firmer after approximately two hours of trade. A flight to safety has pushed gold prices higher, while major Russian exports like oil, aluminium and nickel have also strengthened as the Ukraine-Russia war intensifies.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets slumped across the board on Tuesday. Leading the declines was financials while even energy was slightly lower despite a hike in crude oil prices. The Dow Jones index was down by 598 points or 1.8%. The S&P 500 index fell by 1.6% and the Nasdaq fell by 219 points or 1.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advicecontained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket edged higher for a third day, with the ASX 200 up 0.67%. Tech stocks stood out, lifting by more than 5% after falling for four straight months. Energy stocks continued to lift as oil prices strengthened.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 and a market participant of ASX Limited and Cboe Australia Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Both entities are incorporated in Australia with limited liability. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Market Analyst Steven Daghlian takes a look back at how the Australian sharemarket performed in February, the ASX 200’s winners and losers, together with what impact the Ukraine-Russia conflict had on local stocks.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Rio Tinto (RIO) CEO, Jakob Stausholm speaks with Tom Piotrowski about the miner’s record annual results, the growth outlook for China, progress of its lithium exploration project in Serbia, as well as plans to improve workplace culture at the organisation.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting by more than 1% thanks to gains across most sectors and despite the Russia-Ukraine war. Tech stocks - last month's hardest hit companies - are lifting most so far today.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
European sharemarkets eased on Monday. Russia and Ukraine held ceasefire talks with no signs of progress. Banks slumped 5.7% after big Russian banks were blocked from the SWIFT global payments system. Defence companies rose with German company Rheinmetall up 24.8% after German Chancellor Olaf Scholz said the country would sharply increase its spending on defence to more than 2% of its economic output. The pan-European STOXX 600 index fell by 0.1% to end the month lower by 3.4%. The German Dax index fell by 0.7% with the UK FTSE index down by 0.4%. In London trade, shares in Rio Tinto rose by 2.2% and BHP lifted by 1.9%.
US sharemarkets were mixed on Monday. The S&P 500 banks sector lost 2.4% but defence companies were supported with Raytheon up 4.5%. The energy sector rose 2.6% in response to higher oil prices. Shares in First Horizon rose surged 28.8% after TD Bank Group offered to acquire the US bank in an all-cash deal valued at $13.4 billion. At the close of trade, the Dow Jones index was down by 166 points or 0.5%. The S&P 500 index fell by 0.3% but the Nasdaq rose by 57 points or 0.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.73% on Monday, pushing the ASX 200 up by 1.1% in February despite the recent sell-off associated with the Russia-Ukraine conflict.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting by ~0.7% in volatile trade on the final session of the month. Energy and mining stocks are standing out.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Regional markets are set for a more cautious start to trade on Monday compared to were markets closed out last week. This, in response to the latest geopolitical developments that in included the Russian Administration place its nuclear assets on a higher degree of readiness, in response to the latest US and European sanction initiatives.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Private Hospital operator Ramsay Healthcare successfully navigated numerous COVID related challenges in the last 6 months, which saw profit fall 30% in the first half of the year.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.1% in uninspired trade, with the ASX 200 sliding by 3% this week. Tech stocks stood out on Friday.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is edging higher in volatile trade, following a slump in Europe and choppiness in US markets as Russia launched its attack on Ukraine. The ASX 200 fell by 3% on Thursday; its worst day in 17 months.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Banks (down 8.2%) and automakers fell most although the oil and gas sector fell by only 0.3%. Shares in Societe Generale fell by 12.2%. Defence stocks rose with BAE Systems in the UK up by 5.2%. Renewable energy was another bright spot on markets. The pan-European STOXX 600 index fell by 3.3% to 9-month lows. The German Dax index lost 4.0% with the UK FTSE index lower by 3.9%. In London trade, shares in Rio Tinto fell by 1.8% and BHP fell by 7.0% (traded ex-dividend).
US sharemarkets were mixed on Thursday with gains in some technology 'megacaps' limiting losses. Financials fell 1.2% with banks down 2.5% as bond yields fell. Shares in Amazon rose by 4.5% with Microsoft up 5.1%. At the US close, the Dow Jones index was up by 92 points or 0.3% after being down 859 points. The S&P 500 index rose 1.5%; the Nasdaq rose 436 points or 3.3%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Senior Economist Ryan Felsman previews the economic & financial market events scheduled for the week ahead including Lending indicators, Building approvals & US Federal Reserve Chair Powell speech.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket slumped by 3%, making it the worst day in 17 months for the ASX 200. The catalyst was Russia conducting a 'special military operation' in Ukraine. BHP Group (BHP) was the most significant weight after trading ex-dividend.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Two of Australia’s best known travel companies, Qantas (QAN) and Flight Centre (FLT), recorded losses for the six months to 31 December 2021. Unsurprisingly, Delta lockdowns and more recently the Omicron variant kept planes grounded, some borders shut and travellers frustrated. As has been the case for the duration of the pandemic, both companies will not pay shareholders dividends.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is down by ~2%, making it the most significant decline in approximately four weeks and puts the ASX 200 on track to snap a three-week winning streak. BHP and Woodside are weights as both trade ex-dividend, while over 20 companies have posted their latest results.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
European sharemarkets closed weaker on Wednesday. Investors mulled strong corporate earnings updates and the sanctions applied by Western nations on Russia in response to its incursion into separatist regions of eastern Ukraine. Retailers, banks and financial services led declines. Shares in UK bank Barclays rose by 3.1% after its annual profit nearly trebled. The pan-European STOXX 600 index fell by 0.3% after being up 1% earlier in the session. The German Dax index lost 0.4% but the UK FTSE index rose by 0.1%. In London trade, shares in Rio Tinto fell by 2.2% and BHP fell by 0.4%.
US sharemarkets remained volatile on Wednesday. Ukraine declared a state of emergency and the country was hit by a wave of cyberattacks. Shares in Lowe's rose 0.3% after the home improvement chain raised its full-year sales and profit forecasts. At the close of US trade, the Dow Jones index was down by 465 points or 1.4%, after earlier being up 236 points. The S&P 500 index lost 1.8% with the Nasdaq index dropping 344 points or 2.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.6%, recouping more than half Tuesday's losses despite escalating Ukraine-Russia tensions. Woolworths, Healius and Domino's were three of the big movers after handing down profit results.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Woolworths has continued navigate a challenging retail environment over the last 6 months. While the grocer reported an 8% increase in first half group sales to almost $32 billion, profit fell by more than 6% reflecting the elevated financial impact of COVID in recent quarters.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Scentre Group (SCG) collected more rent, posted a lift in earnings and a slightly improved dividend for the 12 months to 31 December 2021. Scentre – which owns and operates 42 Westfield shopping centres in Australia & New Zealand – recorded a jump in occupancy rates and expects further growth in the coming year.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting despite a weak lead from Wall Street and sanctions on Russia. Woolworths, Healius and Stockland are lifting after handing down earnings.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets fell on Tuesday. President Biden unveiled financial sanctions on Russia following Moscow's decision to recognise two breakaway regions in eastern Ukraine. Consumer discretionary fell most, down 3.0%. Shares in Home Depot fell 8.9% after the home improvement chain reported a decline in gross profit margins for the holiday quarter due to a jump in transportation and labor costs. At the close of trade the Dow Jones index lost 483 points or 1.4%, after being down 714 points. The S&P 500 index lost 1.0% with the Nasdaq index dropping by 167 points or 1.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 1% on Tuesday, as Ukraine-Russia tensions remain in focus. The ASX 200 recovered from a more significant 1.7% decline earlier in the session. Energy & gold stocks rose while Coles, Cochlear and Costa Group advanced after handing down profit results.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Hearing implant maker Cochlear (COH) posted a lift in half year sales, profits & its dividend thanks partly to strong demand for upgrades to its devices. Underlying profit rose by 26% to $158m despite the impact of surgery delays on cochlear implant sales. Its profit margins improved, it maintained its outlook for the year and raised its dividend by 35%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is down by ~1%, dragged lower by intensifying Ukraine-Russia tensions. While US markets were shut last night for the Presidents' Day holiday, European markets were mostly lower and futures are pointing to a potentially challenging start to US trade this evening. Energy stocks, gold miners, Coles and Cochlear are some of the stronger performers.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
European sharemarkets fell on Monday. Reuters reported the Kremlin as saying that there were no concrete plans for a summit over Ukraine between Russian President Vladimir Putin and his U.S. counterpart Joe Biden, after the French president said the two leaders had agreed on a meeting in principle. President Putin told French and German leaders that he planned to recognise two breakaway regions in eastern Ukraine - and President Putin carried out those plans in the US afternoon. Technology shares fell the most, down by 2.6%. The pan-European STOXX 600 index fell by 1.3% to a 4-month low. The German Dax index lost 2.1% and the UK FTSE index eased by 0.4%. In London trade, shares in Rio Tinto rose by 0.7% while shares in BHP fell by 0.5%.
US sharemarkets were closed on Monday for the Presidents Day holiday. On Friday, the Dow Jones index closed down by 233 points or 0.7%. The S&P 500 index lost 0.7% with the Nasdaq index dropping 169 points or 1.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket finished 0.16% higher on Monday despite being down close to 1% this morning. Reports that US and Russian leaders are open to meet provided some support. AGL Energy rose after receiving a takeover offer, while The a2 Milk Company rose by ~11% after flagging a stronger second half.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The a2 Milk Company (A2M) and bedding retailer Adairs (ADH) released their half year results. A2M’s profits more than halved due partly to a lower birth rate and greater competition in China, however it expects to deliver revenue growth in the second half. ADH recorded a 60% tumble in earnings due largely to government mandated store closures and supply chain challenges.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket has recovered from this morning's lows, but remains under some selling pressure. Tech stocks, consumer discretionary and healthcare companies are weighing most.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets fell on Friday as investors squared positions ahead of a long weekend. Fears of a Russian invasion of Ukraine dominated trade as well as monthly option expiry. Shares in chipmaker Intel fell 5.3% after it said it sees no major improvements in profit margins before 2025. The Dow Jones index closed down by 233 points or 0.7%. The S&P 500 index lost 0.7% with the Nasdaq index dropping 169 points or 1.2%. Over the week the Dow fell by 1.9%; S&P 500 fell 1.6%; and the Nasdaq fell by 1.8%.
US treasuries rose on Friday (yields lower). Comments from New York Federal Reserve President John Williams further watered down chances of a 50 basis point increase in rates in March. US 10-year yields fell by 4 points to near 1.93%. And US 2-year yields fell less than 1 point to near 1.47%. Over the week US 10-year yields rose by 1 point while US 2-year yields fell by 2 points.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket pushed lower in late trade, with the ASX 200 ending a two-day winning streak with a 1% fall. All sectors lost ground.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is falling by 1%, following heavy losses in the US overnight and declines across all 11 sectors locally.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Investor concerns about rising geo-political risks and the potential economic impacts of central bank policy. Shares of chipmaker Nvidia slid 7.5% after its latest forecast failed to impress investors. Tesla shares fell 5.1% after moving toward the bottom of Consumer Reports’ latest annual auto brand rankings. Shares of lithium miner Albemarle plunged 19.9% after its profit forecast disappointed. But Walmart (+4.0%) topped expectations and reaffirmed guidance. The Dow Jones index closed down by 622 points or 1.8%, near session lows and its worst decline of 2022. And the S&P 500 index lost 2.1% with the Nasdaq index dropping 407 points or 2.9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Chief Economist Craig James previews the economic & financial market events scheduled for the week ahead including Weekly consumer confidence, Construction work done & US ‘Flash’ purchasing managers index.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.16%, lifting for a 2nd day but fading from a more significant improvement earlier. Telstra (TLS) and Wesfarmers (WES) fell heavily after handing down their results while Woodside (WPL) strengthened by close to 5%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Australia’s largest gold miner has seen profits almost halve in the first half of the year, as weather and maintenance related interruptions saw double digit declines in gold and copper output.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Telstra (TLS) and The Star Entertainment Group (SGR) delivered their half year results. Telstra’s profits declined by a third due partly to a $450m decline in one-off NBN payments while SGR posted a $74m loss due mainly to COVID-19 related lockdowns.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Wesfarmers shares have been sold off after the company reported a 13% fall in first half net profit to $1.21 billion. Earnings at Bunnings fell 1.2%, Kmart earnings dropped 63% while Officeworks earnings declined by 18% amid government-mandated store closures and trading restrictions.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting for a second day thanks to gains across most sectors. Over 20 companies have posted their latest results on Thursday including Telstra, Wesfarmers, Woodside, Goodman, The Star Entertainment Group and Transurban.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets fluctuated on Wednesday as investors assessed Russia-Ukraine tensions. The latest US Federal Reserve minutes were seen as more 'dovish' than what traders were expecting. Shares of media company ViacomCBS plunged 17.8% on disappointing earnings. The Dow Jones index closed lower by 55 points or 0.2% after being down 346 points at session lows. But the S&P 500 index rose by 0.1% with the Nasdaq index dipping 16 points or 0.1%. US treasury yields fell on Wednesday amid rising geo-political uncertainty. The US Treasury sold US$19 billion of 20-year bonds at a yield of 2.40% into robust demand. US 10-year yields fell by 2 points to near 2.03%. And US 2-year yields lost 6 points to near 1.51%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 1.1%, closing at an intraday high and having its best day in a week. Shares in Treasury Wine Estates, Vicinity Centres, CSL and Breville rose strongly after handing down their results.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Iron ore miner Fortescue Metals Group (FMG) reported a 32% fall in profit in the first half of the year as a result of higher costs and falling iron ore prices. Consequently the group paid an interim dividend of 86 cents per share, down from $1.47 in the previous corresponding period.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CSL saw its earnings fall in the first half of the year as the group continued to manage challenges around blood collection, although the investors were encouraged by news that the group is getting on top of the matter in addition to a reaffirming its earnings guidance.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is moving higher cautiously following a strong lead from Wall Street and hopes Russia and Ukraine could avoid military conflict. Iron ore miners are pushing lower due to a 9% slump in iron ore prices while shares in most companies out with earnings are lifting.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were firmer on Tuesday. Investors perceived a de-escalation of tensions between Ukraine and Russia. Benefitting were banks and so-called 'mega cap' technology stocks. Travel-dependent stocks also lifted sharply on re-opening hopes. Shares in Intel rose 1.8% after it announced a $5.4 billion deal to buy Israeli chipmaker Tower Semiconductor. At the close of trade, the Dow Jones index was up by 423 points or 1.2%. The S&P 500 index was up 1.6%. And the Nasdaq index rose by 349 points or 2.5%.
US treasuries were mixed on Tuesday. Investors dissected news on Ukraine together with data showing a solid lift in US producer prices in the latest month. US 10-year yields rose by 6 points to 2.05%. But US 2-year yields fell by 1 point to 1.58%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket dipped in late trade to finish 0.5% lower, doing enough to wipe out Monday's improvements. BHP Group (BHP) posted a lift in half year revenues and profits, together with a record interim dividend.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Both BHP Group (BHP) and Ansell (ANN) handed down their half year results. While BHP’s revenues, profits and dividend improved, Ansell’s earnings fell due partly to COVID-19 impacted factory closures.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is under some pressure on Tuesday, wiping out Monday's improvements as market's remain on edge due to Ukraine-Russia tensions.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were weaker on Monday after the US State Department moved remaining embassy staff from the Ukrainian capital of Kyiv to Lviv. And St Louis Federal Reserve president James Bullard again called for higher interest rates. Traders are pricing in a 67% chance of a 50 basis point increase in the federal funds rate in March. Shares in Advanced Micro Devices rose 1.0% as the semiconductor firm finalised the purchase of Xilinx Inc in a deal valued at about $50 billion. At the close, the Dow Jones index was down by 172 points or 0.5%. The S&P 500 index was down 0.4%. And the Nasdaq index was down by just 0.2 points.
US treasuries were weaker on Monday (yields higher). St. Louis Federal Reserve president James Bullard restated his call for a full percentage point of rate hikes by July 1. US 10-year yields rose by 5 points to 2.00%. US 2-year yields rose by 6 points to 1.58%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket edged higher in a cautious start to the week, with the ASX 200 lifting by 0.37%. Ukraine-Russia tensions, a massive week for profit results and a key update on Aussie jobs growth will all be in focus in coming days.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
A $250 million share buyback in addition to an encouraging start to the second half of the year, despite ongoing pandemic challenges, has seen JBH shares lift as it reports its first half earnings.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is off to a slow start on Monday, as Ukraine-Russia tensions push oil prices higher and a massive week for profit results kicks off.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets fell on Friday, posting most of the losses in early afternoon trade on fears of conflict between Ukraine and Russia. Washington warned that Russia had massed enough troops near Ukraine to launch a major invasion, and that an attack could begin any day. Nine of 11 S&P500 sectors fell. Technology fell 3% with Amazon down 3.6%, Microsoft down 2.4% and Apple down 2%. At the close of trade, the Dow Jones index was down by 504 points or 1.4%. The S&P 500 index lost 1.9%. And the Nasdaq index fell by 395 points or 2.8%. Over the week the Dow lost 1%; S&P 500 fell 1.8%; and the Nasdaq lost 2.2%
US treasuries were firmer on Thursday (yields lower) as fears of conflict in Ukraine drove investors to the relative safety of assets like bonds, gold and the Japanese yen. US 10-year yields fell by 11 points to 1.918%. US 2-year yields fell by 7 points to 1.488%. Over the week US 10-year yields rose less than 1 basis point while US 2-year yields rose by 17 points
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 1%, snapping a three-day winning streak following stronger than anticipated US inflation data overnight and losses across almost all sectors locally.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is sliding by ~0.7%, currently falling for the first time since Monday. BHP, Rio Tinto & Fortescue are lifting on firmer iron ore prices while Baby Bunting & IAG released profit results.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were weaker on Thursday in response to higher-than-expected inflation data. So called 'megacap' technology stocks led declines. But shares in Disney rose 3.3% in response to earnings. And big banks, which tend to do better in a rising rate environment, out-performed. At the close of trade, the Dow Jones index was down by 526 points or 1.5%. The S&P 500 index lost 1.8%. And the Nasdaq index fell by 305 points or 2.1%.
US treasuries were lower on Thursday (yields higher) in response to higher-than-expected inflation data. Markets are pricing in a greater chance of a 50 basis point rate hike in March. Federal Reserve president James Bullard called for the federal funds rate to lift 100 basis points by July 1. US Treasury sold US$23 billion in 30-year bonds into weak demand at an average yield of 2.34%. US 10-year yields rose by 12 points to near 2.05%. US 2-year yields rose by 27 points to near 1.61%. Yields are trading at the highest levels in more than two years.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Senior Economist Ryan Felsman previews the economic & financial market events scheduled for the week ahead including the Reserve Bank Board meeting minutes, Skilled job vacancies & US Consumer inflation expectations.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
While the Aussie market faded from this morning's best levels, the ASX 200 still rose for a third day and is most of the way through its best week in close to one year. US inflation data in focus tonight.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting for a third day, with the ASX 200 up slightly thanks to strong gains from tech stocks, miners and NAB.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were firmer on Wednesday with a fall in bond yields supporting growth stocks. Upbeat earnings and an easing of Russia-Ukraine tensions supported investor sentiment. Of the 316 companies in the S&P 500 that have reported earnings to date, 77.8% reported above analyst expectations, according to Refinitiv data. Shares in Microsoft rose 2.2% with Apple up 0.8% and Tesla up 1.1%. Investors await Thursday's inflation data. At the US close, the Dow Jones index was up by 305 points or 0.9%. The S&P 500 index rose by 1.5%. And the Nasdaq index rose by 296 points or 2.1%.
US treasuries were mixed on Wednesday. There was an easing of Ukraine-Russia tensions and traders await latest inflation data. US Treasury sold US$37 billion in 10-year notes at a yield of 1.905% into strong demand. Treasury will sell US$23 billion in 30-year bonds on Thursday. US 10-year yields fell by 1 point to near 1.95%. US 2-year yields rose 3 points to near 1.37%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 1.1% on Wednesday, lifting for a second session thanks to gains across most sectors. CBA, Computershare and Temple & Webster improved strongly after handing down their half year results.
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Online furniture and homewares retailer Temple & Webster (TPW) posted a 46% lift in sales between July and December 2021, as the number of active customers expanded to 906,000. TPW has been faced with supply chain challenges, with distribution costs lifting and temporary closures impacting some of the 100 odd factories it works with across the region. It has increased marketing spend over the half. As expected by the market, no dividend was declared by the retailer. Over the past five weeks, sales have jumped by 26% .
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by more than 1%, with strong gains from mining stocks, Macquarie Group & Suncorp post earnings.
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The Australian sharemarket is lifting by ~1.3% thanks mainly to gains from our major miners, together with improvements from the likes of Macquarie Group and Suncorp following profit results.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets ended mixed on Monday. Shares in meatpacker Tyson Foods rose 12.2% after its first-quarter profit nearly doubled. Shares in Peloton rose 20.9% on media reports that Amazon and Nike are each exploring potential buy-out offers for the exercise bike maker. At the close of trade, the Dow Jones index was up by just 1.4 points. But the S&P 500 index fell by 0.4%. And the Nasdaq index lost 82 points or 0.6%. US long-term treasuries rose on Monday (yields lower) ahead of a lift in bond supply. US Treasury will auction $50 billion in 3-year notes on Tuesday, with $37 billion in 10-year notes scheduled for Wednesday and $23 billion in 30-year bonds on Thursday. US 10-year yields fell by 1 point to near 1.92%. And US 2-year yields fell by 2 points to near 1.30%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket finished just 0.1% lower on Monday, despite being down as much as 1% early. Travel stocks rose most on news international borders to reopen for double-vaxxed visa holders.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
BKI Investment Company (BKI) Portfolio Manager, Tom Millner speaks with Tom Piotrowski about BKI's record first half result, navigating the recent market volatility as well as what to watch over earnings season.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is easing on Monday, with ANZ and Magellan coming under the most pressure. Gains from mining, energy & tech stocks are helping offset the declines.
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US sharemarkets ended mixed on Friday. Shares in Amazon rebounded by 13.5% in response to its earnings result after falling by 7.8% the previous day. And strong jobs data buoyed investor sentiment. At the close, the Dow Jones index was down by 21 points or 0.1%. But the S&P 500 index rose by 0.5%. And the Nasdaq index rose by 219 points or 1.6%. Over the week the Dow rose 1.0% with the S&P 500 up 1.6% and the Nasdaq up 2.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.6% on Friday, gaining momentum in late trade to finish at an intraday high. The ASX 200 also rose by close to 2% this week, ending a three-week losing streak despite heavy losses across US markets last night.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
REA Group (REA) posted double digit growth in revenue and profit over the six months to December. The result was driven by pent up demand in the property market and a wave of new listings as restrictions eased.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is largely flat after a choppy few hours of trade on Friday. Wall Street provided a challenging lead overnight, with one of the S&P500's worst declines in close to a year. Energy and tech stocks are higher locally.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were weaker on Thursday, dragged lower by technology stocks. In response to weak earnings guidance, shares in Facebook owner, Meta Platforms, fell by 26.4%. Shares in Amazon fell 7.8% ahead of its earnings results. At the close of trade, the Dow Jones index was down 518 points or 1.5%. The S&P 500 index lost 2.4%. And the Nasdaq index fell by 539 points or 3.7%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Chief Economist Craig James previews the economic & financial market events scheduled for the week ahead including the Weekly consumer confidence, CBA Household spending intentions & US Trade balance.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 0.14%, ending a short-lived two-day winning streak. Tech stocks fell most, sliding by 6%. Major miners BHP, Rio Tinto and Fortescue helped minimise the ASX 200's falls. Westpac rose on its quarterly update.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is a touch lower despite a strong lead from Wall Street and firmer mining stocks. This follows two straight days of gains for the ASX 200.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were firmer on Wednesday, supported by strong earnings results. After posting their results, shares in Alphabet (Google) rose by 7.5% and shares in chipmaker Advanced Micro Devices rose by 5.1%. But shares in PayPal fell 24.6% after disappointing with earnings guidance. Shares in banks eased in line with bond yields in response to data showing a fall in jobs in January. At the close of trade the Dow Jones index was up 224 points or 0.6%. The S&P 500 index rose 0.9%. And the Nasdaq index rose by 71.5 points or 0.5%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
For just the second time this year, the Australian sharemarket is on a two-day winning streak. The ASX 200 rose by 1.2% thanks to gains across most sectors. BHP Group (BHP) has become the largest stock on the ASX.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is lifting for a second day, thanks to a positive lead from Wall Street and gains across all sectors. BHP Group (BHP) is now the largest stock on the ASX.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Tribeca Investment Partners Portfolio Manager, Jun Bei Liu speaks with Tom Piotrowski about the recent market volatility, the outlook for earnings season, as well as avoiding the so-called 'concept stocks'.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were higher on Tuesday. The energy sector rose 3.6% to record highs after Exxon Mobil (+6.5%) posted its biggest quarterly profit in seven years. Shares in United Parcel Service rose 14% after projecting 2022 revenue above market expectations. At the close of trade the Dow Jones index was up 273 points or 0.8%. The S&P 500 index rose 0.7%. And the Nasdaq index rose by 106 points or 0.8%.
US long-term treasuries fell on Tuesday (yields higher) in response to mixed economic data. US 10-year yields rose 1 point to near 1.80%. And US 2-year yields were flat near 1.17%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 0.5% as the RBA kept rates on hold and seemed in no rush to raise them despite rising inflation. Iron ore prices fell yesterday as Lunar New Year holidays kick off.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Market Analyst Steven Daghlian looks back at the winners and losers on the Aussie market in January 2022, outlining what drove the ASX 200 to a 10-month low and why we’ve had the worst start to a year since 2008.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is a touch higher in quiet trade ahead of this afternoon's key Reserve Bank Board meeting. Markets will be watching closely for the latest commentary on inflation, interest rates & other support measures.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were firmer on Monday. The consumer discretionary sector rose 3.8% while technology was up by 2.7%. In response to broker upgrades, shares in Tesla were up by 10.7% with Netflix up 11.1%. Investors await earnings this week from Alphabet (Google), Amazon and Meta Platforms (Facebook). At the close of trade the Dow Jones index was up 406 points or 1.2%. The S&P 500 index rose by 1.9%. And the Nasdaq index gained 469 points or 3.4%. Over the month the Dow fell by 3.3%; S&P fell by 5.3%; and the Nasdaq lost 9%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell slightly for a fifth time in six days, with the ASX 200 slipping by 0.24%. Investors remained cautious ahead of the RBA's first meeting of the year, a key speech by Governor Lowe and highly anticipated forecasts. January marked the worst start to a year since 2008 for the local market.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Market Analyst Steven Daghlian previews the February profit reporting season, covering what to expect from major sectors as corporate Australia deals with the pandemic's challenges.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is treading water ahead of a big week for the Reserve Bank. With just hours remaining in January, the ASX 200 is down by more than 6% this month.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The ASX is set for a flat start to trade ahead of a week that will be define by the RBA. US sharemarkets were firmer on Friday, recording the best gains so far in 2022. Technology led gains although energy fell. Shares in Apple soared 7% after posting record holiday-quarter sales. At the close of trade, the Dow Jones index was up 565 points or 1.7%. The S&P 500 index rose by 2.4%. And the Nasdaq index gained 418 points or 3.1%. Over the week the Dow rose by 1.3%; the S&P 500 added 0.8%; and the Nasdaq was flat.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose by 2.2%, snapping a four-day losing streak thanks to gains across all sectors. Concerns relating to rising interest rates in 2022 however, dragged the local market 2.6% lower this holiday-shortened week.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket has had yet another volatile start to trade as investors brace for higher interest rates this year. All sectors are lifting at midday.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were volatile again on Thursday as investors continued to position for a higher interest rate environment. Shares in Tesla fell by 11.6% after the company warned that supply chain issues would continue to crimp vehicle production. Shares in Netflix rose 7.5% after billionaire investor William Ackman amassed a US$1 billion stake in the company. Shares in Intel fell 7.0% in response to downbeat earnings guidance. At the close of trade, the Dow Jones index was down by 7 points or less than 0.1% after being up 605 points at the start of the session and down 160 points in afternoon trade. The S&P 500 index was down by 0.5%. And the Nasdaq index fell by 189 points or 1.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Chief Economist Craig James previews the economic & financial market events scheduled for the week ahead including the Reserve Bank Board meeting, Statement on Monetary Policy & US Labour costs & nonfarm productivity.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket gave back early gains to finish lower for a fourth straight day, dragging the ASX 200 briefly to a 10-month low. This followed the Federal Reserve outlining plans to raise rates in 2022.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket has given back all of this morning's improvements, as the ASX plays catch-up with the rest of the world following Wednesday's holiday. The US central bank flagged rate hikes in coming months at a key meeting this morning.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were volatile on Wednesday as investors reacted to the Federal Reserve decision. In response to earnings updates, shares in Microsoft rose by 2.9% with shares in Texas Instruments up 2.5%. At the close, the Dow Jones index was down by 130 points or 0.4% after being up 518 points in early trade and down 421 points after the Fed decision. The S&P 500 index fell by 0.2%. But the Nasdaq index rose by 2.8 points or less than 0.1%
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell for a 3rd day & hit a fresh 8-month low following a volatile performance in US markets and faster than expected lift in Australian inflation.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket has hit a fresh eight-month low, is falling for a third day and remains on track to have the worst January in years. Key inflation numbers this morning were hotter than expected, adding to potential rate hike expectations in 2022.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets recovered spectacularly from session lows on Monday. There were fears that this week's Federal Reserve meeting would lay the groundwork for a rate hike as early as March. At the close, the Dow Jones index was up by 99 points or 0.3% after earlier being down 1,115 points or 3.3%. The S&P 500 index rose by 0.3%. And the Nasdaq index rose by 86 points or 0.6% after being down 4.9% in the session.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 0.5%, slipping for a fourth time in five days and hitting an eight-month low in the process.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is falling for a fourth time in five days, dragging the ASX 200 to an eight-month low in early trade. Mining, energy and tech stocks are down most.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets fell on Friday with the Dow Jones down for the sixth straight day. Shares in Netflix slid by 21.8% after earnings results and guidance disappointed investors. Local shares are expected to open lower.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399, AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of Commonwealth Bank of Australia ABN 48 123 123 124, AFSL 234945 (the Bank). The Bank and its subsidiaries have effected or may effect transactions for their own account in any investments or related investments referred to in this report. This report is not a recommendation to buy, sell or hold any securities or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. For this reason, any individual should, before acting on the information in this report, consider the appropriateness of the information, having regard to the individual's objectives, financial or taxation situation and needs and, if necessary, seek appropriate professional advice. This report is produced by Commonwealth Research based on information available at the time of publishing. We believe that the information in this correspondence is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
For the eighth quarter in a row, Tasmania holds the mantle of the best performing economy in the latest CommSec State of the States report. Chief Economist Craig James explains how the other states & territories fared.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket slumped by 2.3% on Friday, marking the second worst decline of the month, resulting in the most substantial weekly pullback in around three months, while the ASX 200 ended at a ~7.5-month closing low.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is sliding by 1.6% at midday, falling for a third time in four days and sinking to a seven-week low. All sectors are losing ground following US market weakness and rising interest rate jitters.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets fell sharply in the final hour of trade. But shares in Travelers (up 3.2%) and Baker Hughes (up 1.6%) rose after posting earnings results. Shares in 'stay-at-home' stock Peloton fell 23.9% on a report indicating that it was pausing production of fitness equipment. At the close, the Dow Jones index was down by 313 points or 0.9% after earlier being up 462 points. The S&P 500 index fell by 1.1%. And the Nasdaq index fell by 186 points or 1.3%. European sharemarkets ended generally higher on Thursday. Travel stocks led the gains (up 2.9%) after Ryanair (up 4.2%) expressed confidence about a recovery in travel demand later this year. The pan-European STOXX 600 index rose by 0.5%. The German Dax index rose by 0.7% despite data showing a record rise in German producer prices in December. But the UK FTSE index eased by 0.1%. In London trade, shares in Rio Tinto fell by 1.3% while BHP shares rose by 1.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Senior Economist Ryan Felsman previews the economic & financial market events scheduled for the week ahead including CommSec’s State of the States, NAB business survey & US Federal Reserve meeting.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket edged higher by 0.1% thanks to stronger commodity prices and firmer resource stocks this afternoon. BHP gained 3% ahead of a key shareholder vote, Block made its ASX debut and the jobless rate fell to 4.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is a touch lower on Thursday with most sectors coming under selling pressure. Firmer commodity prices are helping support resource stocks.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were weaker on Wednesday. Positive quarterly reports supported sentiment including reports from UnitedHealth (up 0.3%), Procter & Gamble (up 3.4%), Bank of America (up 0.4%) and Morgan Stanley (up 1.8%). But jitters about higher interest rates remain. The Dow Jones index closed near session lows, down by 340 points or 1.0%. The S&P 500 index fell by 1.0%. And the Nasdaq index lost 167 points or 1.2%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell for a second day, hitting a one-month low in the process. BHP handed down a mixed set of quarterly results, while Afterpay fell on its final day on the ASX.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is sliding for a second day, with the ASX 200 down by ~0.6%. This follows a weak lead from Wall Street as markets focus on the potential for earlier rate hikes in the United States.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets fell sharply on Tuesday on growing investor expectations that the US central bank will have to boost interest rates earlier-than-anticipated to combat inflation. US treasury yields hit 2-year highs, pressuring mega cap technology shares. Shares of Apple (-1.9%), Meta Platforms (-4.1%), Alphabet (-2.5%) and Amazon (-2%) all fell. Microsoft shares dipped 2.4% after announcing the US$68.7 billion purchase of video company Activision Blizzard (+25.9%). Goldman Sachs shares plunged 7% after missing fourth-quarter profit expectations on weak trading activity. At the close of trade, the Dow Jones index fell by 543 points or 1.5%. The S&P 500 index lost 1.8% and the Nasdaq index shed 387 points or 2.6%, hitting its lowest level in 3 months.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket failed to maintain this morning's gains, as US futures point to a potentially slow start to trade tonight as bond yields rise.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is pushing higher for a second day, with gains from materials, tech and consumer discretionary stocks leading the moves higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US financial markets were closed on Monday in observance of the Martin Luther King Jr. Day holiday. There was no US economic data scheduled for release. European sharemarkets closed higher on Monday as investors digested the latest Chinese economic growth data, a global advance in sovereign bond yields and corporate developments.
The pan European STOXX 600 index rose by 0.7% with media (+1.9%) and healthcare (+1.4%) stocks both up. Credit Suisse shares slipped 2.3% after Chairman Antonio Horta-Osorio quit due to breaches of Coronavirus quarantine rules. The German Dax index rose 0.3% and the UK FTSE index gained 0.9%. Shares of GlaxoSmithKline jumped 4.1% after the British drugmaker rejected a £50 billion pound offer from Unilever (-7%) for its consumer healthcare business. In London trade, shares in Rio Tinto were flat, but BHP shares rose by 1.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket bounced back from a slow start, with the ASX 200 lifting by ~0.3%. While China's growth slowed in the December quarter, GDP was above consensus and coincided with a Chinese rate cut. Most sectors finished higher.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is kicking off the week in mixed fashion, with mining stocks under pressure (last week's strongest performers) and energy companies lifting most thanks to firmer oil prices.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were mixed on Friday. Disappointing trading results from JPMorgan Chase (-6.2%) and Citigroup (-1.3%) weighed on the Dow Jones index. But Wells Fargo shares rose 3.7% on a bullish forecast for a measure of lending. Netflix shares gained 1.3% after a price increase for US subscribers, boosting the Nasdaq index. Shares of casino operator Las Vegas Sands surged 14.2% after Macau capped new licenses at six. At the close of trade, the Dow Jones index fell by 202 points or 0.6%. But the S&P 500 index rose 0.1% and the Nasdaq index added 87 points or 0.6%. For the week, the Dow lost 0.9%. And the S&P 500 and the Nasdaq both fell 0.3%
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell by 1.08% on Friday, with 10 of 11 sectors heading backwards. Today's declines were enough to push the ASX 200 into negative territory for the week.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is under pressure at lunch, with the ASX 200 sliding by 0.8%. All sectors are losing ground, with tech stocks falling most.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets fell on Thursday amid widespread calls from US central bank officials to raise US interest rates. Weakness in megacap technology shares, including Tesla (-6.8%), Microsoft (-4.2%), Amazon (-2.4%) and Apple (-1.9%) weighed on the Nasdaq index. Shares of Snap plunged 10.2%. At the close of trade, the Dow Jones index fell by 177 points or 0.5% after lifting 223 points earlier in the session. The S&P 500 index lost 1.4% and the Nasdaq index dropped 382 points or 2.5%. US treasury yields dipped on Thursday after data showed a modest rise in US producer prices in December and an unexpected increase in weekly jobless claims. The US Treasury sold US$22 billion of 30-year notes at a yield of 2.075% into solid demand. US 10-year yields fell by 3 points to near 1.695%. And US 2-year yields slid by 1 point to near 0.89%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Senior Economist Ryan Felsman previews the economic & financial market events scheduled for the week ahead including Monthly consumer confidence, Skilled job vacancies & the China Loan Prime Rate setting.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket rose for a second day, lifting by ~0.5% thanks mainly to strong gains from mining stocks. Crown rose most, lifting ~9% after receiving a sweetened takeover offer from a US investment company.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is edging higher thanks to a positive lead from Wall Street, US inflation data being largely in-line with market expectations and strong gains from mining stocks.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets edged higher on Wednesday. Mega-cap technology shares of Apple (+0.3%), Microsoft (+1.0%), Alphabet (+1.2%) and Tesla (+3.9%) all lifted after US consumer prices data that largely met expectations eased some investor concerns about faster-than-expected US interest rate hikes. Shares of Dish Network lifted 2.8% following news that the company is in merger talks with DirectTV. But Goldman Sachs shares fell by 3.2% ahead of major bank reporting results on Friday. At the close of trade, the Dow Jones index rose by 38 points or 0.1% with the S&P 500 index up by 0.3%. And the Nasdaq index added 35 points or 0.2%. US treasuries were little changed on Wednesday after a reading on inflation was largely in-line with expectations and kept investor views on the path of US Federal Reserve policy intact. The US Treasury sold US$36 billion of 10-year notes at a yield of 1.723% into solid demand. US 10-year yields fell by 1 point to near 1.74%. But US 2-year yields rose by 1 point to near 0.91%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket snapped a 2-day losing streak, with the ASX 200 lifting by ~0.7% thanks to gains across most sectors. The US market rose overnight, no major surprises from the Fed Chair in a speech and firmer commodity prices all helped.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is higher following a positive lead from Wall Street, firmer commodity prices and no major surprises from a key speech by Federal Reserve Chair Jerome Powell last night.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets rebounded on Tuesday as investors appeared relieved that Fed Chair Powell's testimony to US Congress did not include any major surprises. Shares of mega cap growth companies Apple (+1.7%) and Amazon (+2.4%) led gains. Genomic sequencing company Illumina's shares rallied 17% after it issued an upbeat revenue forecast. But Moderna shares fell 5.3% after the WHO said more research was needed on vaccine efficacy against the Omicron variant. At the close of trade, the Dow Jones index rose by 183 points or 0.5% after being down 299 points at session lows. The S&P 500 index lifted 0.9% and the Nasdaq index added 211 points or 1.4%. US treasuries rose on Tuesday (yields lower) after Fed Chair Jerome Powell detailed his plan to combat inflation. The US Treasury sold US$52bn worth of 3-year notes at a yield of 1.237% into solid demand. US 10-year yields fell by 4 points to near 1.74%. And US 2-year yields dipped by 1 point to near 0.895%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket fell for a second day, with the ASX 200 dropping 0.76% ahead of key US inflation data due later this week. With the exception of Materials which finished flat, all other sectors lost ground.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is down slightly on Tuesday, with most sectors in negative territory. Gains from the recently underperforming healthcare and tech stocks are helping offset the declines.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were mixed on Monday. Consumer discretionary fell 0.6% although healthcare stocks rose 1%. Technology stocks recovered from lows in the last hour of trade. Shares in Tesla rose 3.0%. On Friday Chief Executive Elon Musk tweeted that the electric carmaker will raise the US price of its advanced driver assistant software. At the close of trade the Dow Jones index was down by 163 points or 0.5%. The S&P 500 index fell by 0.1%. But the Nasdaq index lifted by 7 points or 0.1% after being down 405 points or 2.7%. US treasuries ended mixed on Monday. Fears about the potential for the Federal Reserve to lift rates dominate. Goldman Sachs, J.P. Morgan and Deutsche Bank all expect the Fed to lift rates four times this year. US 10-year yields were broadly flat near 1.76%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket eased by just 0.08% on Monday, held back most by consumer discretionary, healthcare, industrials and tech. Materials continue to stand out in the early part of 2022.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is down slightly due to losses across most sectors and a weak lead from Wall Street. Strong gains from mining and energy stocks are helping minimise the ASX 200's losses.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were weaker again on Friday. US jobs rose by less than expected but investors believed that the Federal Reserve would continue with plans to remove monetary stimulus. Financials rose 1.1% to record highs and energy rose 1.4%. But technology fell by 1% and consumer discretionary fell by 1.6%. The S&P 500 value index added 1% this week, outperforming the S&P 500 growth index, down 4.5%. The Dow Jones index fell by 5 points on Friday or less than 0.1%. The S&P 500 index fell by 0.4%. And the Nasdaq index fell by 145 points or 1.0%. Over the week the Dow fell by 0.3%. The S&P 500 fell by 1.9%. And the Nasdaq fell by 4.5%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The local sharemarket ended higher on Friday, recovering from yesterday’s 2.7% decline, the biggest fall in 16 months. Today’s session started on a strong note despite an unconvincing performance from US markets overnight. Local buyers pushed the market up as much 1.7% in early trade - a strong overnight rally in oil and iron ore paved the way for a similar performance from the materials and energy sector, which added 1.2% and 2.2% respectively. At the close, the ASX200 finished up 1.3%, or 95 points to 7453.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket has suffered its biggest one-day fall in 16 months, since 4 September 2020. The selling has been widespread with every sector recording declines. The ASX 200 (XJO) lost 207 points or 2.7% to 7,358, giving up all of Tuesday’s 1.95% gain.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The ASX 200 has ended the last session of the week in the green, elevated by a strong rally in the commodity markets overnight which saw the Materials, Energy and Utilities sectors closing up 1.2%, 1% and 0.8% respectively. The tech sector offset the gains and shed 3.9%, mirroring the tech sell-off investors witnessed in the previous US session. A late consolidation saw the index surrender gains from its intraday high of 0.7%, to close at 7,304, or up by 8pts or 0.1%. On a weekly basis, the index lost 0.7%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets were weaker on Thursday. Financials, energy and materials led gains but the S&P Technology sector fell by 2.9%. At the close of trade, the Dow Jones index was lower by 30 points or 0.1%. The S&P 500 index was lower by 0.9% with the Nasdaq index down by 385 points or 2.5%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Aussie sharemarket shrugged off a strong lead from Wall Street overnight to trade weaker today. The ASX 200 (XJO) fell 31 points or 0.4% to close at 7,295. The market was held back by losses in the Healthcare, Materials, Energy, Industrials, Telco and Utilities sectors. Overnight, the US Federal Reserve left its target range for the federal funds rate unchanged at 0-0.25%. However Fed officials see as many as three interest rate hikes in 2022. The Central Bank said it will reduce or ‘taper’ its asset purchases, buying US$60bn per month of bonds in January, down from December's rate of US$90bn.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Local shares have shunned gains on Wall Street to trade lower on Thursday as the RBA governor outlined scenarios in which the central bank would start unwinding its bond buying program.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The ASX 200 is set for solid gains at the start of trade after US sharemarkets rebounded overnight. Investors digested the US Federal Reserve's pivot towards tighter monetary policy to combat rising prices, with the policy moves already largely priced into equity markets. Shares of Apple rose 2.9% and chipmaker Nvidia's shares rallied 7.5%. At the close of trade, the Dow Jones index rose by 383 points or 1.1%. The S&P 500 index lifted by 1.6% with the Nasdaq index higher by 328 points or 2.2%. All three were in negative territory for the day before the central bank’s decision.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The local share market ended at session lows ahead of a two day US Federal Reserve meeting concluding Thursday morning local time. Tech stocks led the falls, while miners and property names gave up recent gains. The big four banks rose with the exception of the CBA.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The ASX 200 is at the lows of session at lunch on Wednesday as investors look ahead to a key policy announcement from the US Fed on Thursday morning Sydney time. Every sector is lower, although a turnaround for the banks as they give up early gains has made the biggest difference.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets tumbled on Tuesday as mega cap technology shares moved lower and new inflation data continued to show a sharp rise in prices. Tesla shares sank 0.8% after CEO Elon Musk sold another US$906.5 million in shares. Ford shares dropped 1.9% on news that Toyota will be investing US$35 billion in electronic vehicles by 2030. Adobe (-6.6%), Microsoft (-3.3%) and Apple (-0.8%) shares were all lower. At the close of trade, the Dow Jones index fell by 107 points or 0.3%. The S&P 500 index dipped by 0.8% with the Nasdaq index lower by 176 points or 1.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Aussie sharemarket has finished the session almost unchanged, clawing back some earlier losses. The ASX 200 (XJO) lost just 1 point to close at 7,378 – having been down about 0.4% in early trade. The Energy, Consumer Discretionary & IT sectors lost ground, while the Consumer Staples sector was the worst performer, falling 4% as investors sold off Woollies shares following its trading update.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The ASX 200 has clawed its way back from an early deficit that saw the index down by 0.5% at the open. An unwinding of early bank losses helped the market recover from the lows of the session. An earnings downgrade from Woolworths has weighed on shares of the Grocer which are down 8%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The ASX is set to follow US sharemarkets lower after stocks tumbled on Monday as traders weighed the potential impacts of less generous monetary policy settings amid Omicron Covid-19 challenges and lofty equity valuations. Shares of Tesla were down 5% with Apple (-2.1%) shares whipsawing as it approached a US$3 trillion market value. Travel companies Carnival (-4.9%) and United Airlines (-5.2%) sold-off. But Pfizer shares rose 4.6% as it agreed to acquire Arena Pharmaceuticals (+80.4%) for US$6.7 billion. Moderna's shares lifted 5.8% on a White House push for Covid-19 booster shots. At the close of trade, the Dow Jones index fell by 320 points or 0.9% after being down by 361 points earlier in the session. The S&P 500 index dipped by 0.9%, down from a record, with the Nasdaq index lower by 217 points or 1.4%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Mining and energy stocks were the most improved names on Monday, helped by improving iron ore and oil prices. Property stocks were also well supported, helped by earnings upgrades. Fading fortunes for bank stocks weighed on the Index.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Local shares are their best levels of the session at lunch on Monday as investors follow in the footsteps of an upswing for US stocks at the end of last week. Most ASX sectors are higher on Monday led by Property Trusts, Energy and Materials – Consumer Staples stand out with a modest decline.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
In-line inflation data spurred bets the US Federal Reserve won't have to accelerate plans to tighten monetary policy. Shares of software company Oracle jumped 15.6% on upbeat quarterly results. And chipmaker Broadcom's shares gained 8.3% following the announcement of a US$10 billion share buyback plan. The Dow Jones index rose by 216 points or 0.6%. And the S&P 500 index lifted by 1% to an all-time closing high with the Nasdaq index up by 113 points or 0.7%. For the week, the Dow jumped 4%, the most since March. And the S&P 500 lifted 3.8% with the Nasdaq up 3.6% -both lifting by the most since February.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The ASX 200 closed the week in the red after a tech sell-off in Wall Street overnight. Slumping oil prices also saw the energy sector lose ground, with the technology and healthcare sectors mirroring doing the same.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Tech and healthcare names have led early declines for ASX 200, as market follows in the fortunes of US and European markets overnight.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
CommSec Senior Economist Ryan Felsman previews the economic & financial market events scheduled for the week ahead including the NAB Business survey, Reserve Bank Board meeting minutes & US Economic growth.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The economic threat of restrictions to control the Omicron variant mostly outweighed optimism about the efficacy of vaccines. Mega cap technology shares of Microsoft (-0.6%), Nvidia (-4.2%) and Tesla (-6.1%) all fell. Amazon shares dipped by 1.1% after Italy's antitrust watchdog fined the e-commerce giant US$1.28 billion for alleged abuse of market dominance. Boeing shares fell by 1.6% after American Airlines (-0.5%) said its still awaiting Dreamliner deliveries. But CVS Health shares lifted 4.5% after the drugstore operator raised its profit forecast. The Dow Jones index closed flat. But the S&P 500 index fell by 0.7% with the Nasdaq index down by 270 points or 1.7%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Aussie sharemarket has finished a choppy session in the red – breaking a four-session winning streak. The market kicked off in negative territory, before a rebound in the financial sector helped the ASX 200 (XJO) climb higher. However, a late selloff saw the index close down 20 points or 0.3% to 7,384.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket is weaker in early trade, snapping a four-session winning streak. Almost all sectors are lower – with the exception of Industrials which are outperforming.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
Pfizer (-0.6%) and BioNTech (-3.6%) said lab studies showed a third dose of their Covid-19 vaccine neutralises the Omicron variant. Travel shares led gains with Norwegian Cruise Line (+8.2%) and United Airlines (+4.2%) both higher. Shares of Stanley Black & Decker added 3.3% after Sweden's Securitas agreed to buy its electronic security solutions business for US$3.2 billion. Apple shares lifted 2.3% after UBS maintained its "buy" rating on the stock. Shares of Goodyear Tire & Rubber gained 2.6% after Deutsche Bank upgraded the stock to "buy." At the close of trade, the Dow Jones index rose by 35 points or 0.1% after being up 121 points earlier in the session. The S&P 500 index lifted by 0.3% with the Nasdaq index adding 100 points or 0.6%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The ASX200 posted a 4th session of gains on Wednesday, continuing a recovery from a recent downtrend that has seen the market lose ground for four consecutive weeks. Today’s gains came after a strong overnight performance for US and European markets, as well as sharp increases in iron ore and oil prices. The index ended at the best levels of the day, closing at 7,405, or up by 92 pts or 1.3%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The ASX 200 advanced for a fourth session, leveraging the optimism seen for US and European markets overnight. Mining, Energy and Tech are leading the improvements, while healthcare and utilities are lagging the broader gains.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
US sharemarkets advanced on Tuesday on optimism that the Omicron virus variant wont derail global growth. Investors piled into technology shares with chip giant Intel up 3.1% on plans to take its self-driving car unit Mobileye public. Shares of Apple, Microsoft, Alphabet and Amazon were all up over 2.5%. American Express (+3.9%) was a strong performer as holiday spending soared. But Merck shares slipped 1.6% after the drugmaker paused enrolment in its HIV-1 clinical trials. The Dow Jones index closed up by 492 points or 1.4% after being up 592 points at session highs. The S&P 500 index lifted by 2.1% and the Nasdaq index added 462 points or 3%, posting its best day since March.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.
The Australian sharemarket has rallied to close near the day’s highs, following a rebound on US markets overnight. The ASX 200 (XJO) jumped 68 points or 0.95% to 7,313 – recording its best one-day gain in nine weeks. Almost all sectors gained ground, with the exception of the Utilities sector. The Reserve Bank of Australia met today for the final time this year, leaving the cash rate on hold as expected at 0.1%.
This report is approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814 (CommSec) a wholly owned but non-guaranteed subsidiary of the Commonwealth Bank of Australia ABN 48 123 123 124 AFSL 234945 (the Bank), and a market participant of ASX Limited and CHI-X Pty Limited, a clearing participant of ASX Clear Pty Limited and a settlement participant of ASX Settlement Pty Limited. Any advice contained in this report is general advice only and is not a recommendation to buy, sell or hold any securities, property, real estate or financial products, and has been prepared without taking account of the objectives, financial or taxation situation or needs of any particular individual. Before making any investment decision, you should consider your own investment needs and objectives and consider seeking financial advice. Past performance is not a reliable indicator of future performance. This report is produced by Commonwealth Securities Limited based on information available at the time of publishing. We believe that the information in this report is correct and any opinions, conclusions or recommendations are reasonably held or made as at the time of its compilation, but no warranty is made as to accuracy, reliability or completeness. To the extent permitted by law, neither the Bank nor any of its subsidiaries accept liability to any person for loss or damage arising from the use of this report.