The latest news and information on investment markets from Australia's leading online broker.
Market Close 25 Oct 24: WiseTech rebounds as CEO steps down
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. 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.
10/25/2024 • 9 minutes, 9 seconds
Morning Report 25 Oct 24: S&P 500 sees first gain of the week as Tesla rises 20%
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. 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.
10/24/2024 • 9 minutes, 57 seconds
Market Close 24 Oct 24: Market treads water for second day
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 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.
10/24/2024 • 8 minutes, 38 seconds
Morning Report 24 Oct 24: NASDAQ falls 2% as tech-led stock rout deepens
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. 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.
10/23/2024 • 9 minutes, 35 seconds
Market Close 23 Oct 24: The market pauses for thought following yesterday’s declines
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. 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.
10/23/2024 • 10 minutes
Morning Report 23 Oct 24: Dow Jones wipes out 200-point loss on Turnaround Tuesday
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. 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.
10/22/2024 • 9 minutes, 46 seconds
Market Close 22 Oct 24: The worst day in seven weeks for the Aussie market
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. 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.
10/22/2024 • 9 minutes, 53 seconds
Morning Report 22 Oct 24: Stocks fall as buyer fatigue kicks in after rally
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. 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.
10/21/2024 • 9 minutes, 58 seconds
Market Close 21 Oct 24: Gold climbs again as the market nears further record highs
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. 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.
10/21/2024 • 9 minutes, 56 seconds
Morning Report 21 Oct 24: Wall Street ends the week at new record highs
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. 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.
10/20/2024 • 9 minutes, 56 seconds
Market Close 18 Oct 24: ASX back-pedals after China data-dump
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. 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.
10/18/2024 • 9 minutes, 38 seconds
Morning Report 18 Oct 24: Dow and S&P 500 flirt with record highs as chip stocks and retail data support markets
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. 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.
10/17/2024 • 9 minutes, 53 seconds
Market Close 17 Oct 24: No hope for interest rate cuts?
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. 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.
10/17/2024 • 9 minutes, 59 seconds
Morning Report 17 Oct 24: Wall Street rotation is back as small caps rally
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. 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.
10/16/2024 • 9 minutes, 58 seconds
Market Close 16 Oct 24: Gold stocks sparkle despite share market decline
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. 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.
10/16/2024 • 8 minutes, 43 seconds
Morning Report 16 Oct 24: Stocks halt rally as Nvidia and ASML get crushed
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. 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.
10/15/2024 • 9 minutes, 58 seconds
Market Close 15 Oct 24: ASX hits record high buoyed by miners & banks
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. 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.
10/15/2024 • 9 minutes, 22 seconds
Morning Report 15 Oct 24: Wall Street hits all-time highs as earnings set to kick into high gear
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. 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.
10/14/2024 • 9 minutes, 57 seconds
Market Close 14 Oct 24: The market moving events that we could see this week
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. 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.
10/14/2024 • 9 minutes, 56 seconds
Morning Report 14 Oct 24: Wall Street surges to new record highs
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. 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.
10/13/2024 • 9 minutes, 29 seconds
Market Close 11 Oct 24: Investors await key US inflation and earnings reports
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. 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.
10/11/2024 • 9 minutes, 35 seconds
Morning Report 11 Oct 24: Wall Street dips slightly after higher-than-expected inflation and unemployment data
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. 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.
10/10/2024 • 9 minutes, 40 seconds
Market Close 10 Oct 24: Rio snaps up lithium giant Arcadium
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. 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.
10/10/2024 • 8 minutes, 46 seconds
Morning Report 10 Oct 24: S&P 500 on track for all-time high before U.S. inflation data
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. 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.
10/9/2024 • 8 minutes, 25 seconds
Market Close 09 Oct 24: Sluggish Chinese markets weigh on local stocks
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. 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.
10/9/2024 • 8 minutes, 57 seconds
Morning Report 09 Oct 24: Magnificent 7 rally as Nvidia's winning run hits 13%
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. 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.
10/8/2024 • 9 minutes, 59 seconds
Market Close 08 Oct 24: A choppy session for the Aussie market following data out of China
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. 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.
10/8/2024 • 9 minutes, 58 seconds
Morning Report 08 Oct 24: Dow tumbles almost 500 points as US 10-year treasury yield tops 4%
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. 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.
10/7/2024 • 9 minutes, 18 seconds
Market Close 07 Oct 24: Markets bounce back in late trade
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. 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.
10/7/2024 • 9 minutes, 25 seconds
Morning Report 07 Oct 24: Dow Jones jumps 300 points to a record close on Friday
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. 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.
10/6/2024 • 8 minutes, 13 seconds
Market Close 04 Oct 24: Markets slide ahead of key US data
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. 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.
10/4/2024 • 9 minutes, 52 seconds
Morning Report 04 Oct 24: Dow Jones closes nearly 200 points lower as oil spikes 5%
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. 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.
10/3/2024 • 9 minutes, 8 seconds
Market Close 03 Oct 24: Huge day for dividend payments
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. 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.
10/3/2024 • 8 minutes, 53 seconds
Morning Report 03 Oct 24: Dow inches higher as Middle East tensions weigh on markets
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. 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.
10/2/2024 • 9 minutes, 55 seconds
Market Close 02 Oct 24: Energy stocks take the spotlight today amid a sluggish performance
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. 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.
10/2/2024 • 7 minutes, 38 seconds
Morning Report 02 Oct 24: Wall Street drops to start October as Middle East tensions intensify
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. 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.
10/1/2024 • 9 minutes, 39 seconds
Market Close 01 Oct 24: ASX slips from record high
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. 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.
10/1/2024 • 10 minutes
Morning Report 01 Oct 24: S&P 500 posts record close to cap a winning month and quarter
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. 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.
9/30/2024 • 9 minutes, 44 seconds
Market Close 30 Sep 24: Record highs to end the month and quarter for Aussie stocks
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. 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.
9/30/2024 • 9 minutes, 57 seconds
Morning Report 30 Sep 24: US investors celebrate inflation figures as Dow hits new record high
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. 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.
9/29/2024 • 9 minutes, 59 seconds
Market Close 27 Sep 24: Aussie stocks close in on fresh all-time highs
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. 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.
9/27/2024 • 9 minutes, 22 seconds
Morning Report 27 Sep 24: S&P 500 closes higher to post fresh record
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. 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.
9/26/2024 • 9 minutes, 54 seconds
Market Close 26 Sep 24: Best day in two weeks
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. 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.
9/26/2024 • 9 minutes, 28 seconds
Morning Report 26 Sep 24: Dow Jones falls nearly 300 points snapping a 4-day winning streak
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 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.
9/25/2024 • 9 minutes, 58 seconds
Market Close 25 Sep 24: Softer inflation fails to inspire Aussie stocks
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. 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.
9/25/2024 • 9 minutes, 58 seconds
Morning Report 25 Sep 24: US stock market rally propped up by Nvidia’s climb
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. 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.
9/24/2024 • 9 minutes, 58 seconds
Market Close 24 Sep 24: Interest rates remain on hold. How did the market respond?
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. 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.
9/24/2024 • 10 minutes
Morning Report 24 Sep 24: S&P 500 and Dow Jones Index hit fresh closing record highs
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 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.
9/23/2024 • 10 minutes
Market Close 23 Sep 24: The Aussie market eases from record high
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. 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.
9/23/2024 • 9 minutes, 49 seconds
Morning Report 23 Sep 24: ASX set to drop from record as traders brace for more RBA hawkishness
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. 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.
9/22/2024 • 9 minutes, 28 seconds
Market Close 20 Sep 24: Winning streak continues for ASX 200
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. 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.
9/20/2024 • 9 minutes, 48 seconds
Morning Report 20 Sep 24: Dow Jones and S&P 500 hit record highs on euphoria over Fed rate cut
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. 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.
9/19/2024 • 9 minutes, 59 seconds
Market Close 19 Sep 24: ASX 200 hits third-straight all-time high
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. 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.
9/19/2024 • 9 minutes, 48 seconds
Morning Report 19 Sep 24: Stocks hit record highs after Fed’s supersized rate cut
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 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.
9/18/2024 • 9 minutes, 46 seconds
Market Close 18 Sep 24: Market treads water ahead of US rate cut and Aussie jobs data
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. 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.
9/18/2024 • 9 minutes, 33 seconds
Morning Report 18 Sep 24: Stocks end with little changed as early gains fade before Fed decision
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. 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.
9/17/2024 • 9 minutes, 31 seconds
Market Close 17 Sep 24: Record highs and a fourth straight day of gains
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. 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.
9/17/2024 • 8 minutes, 52 seconds
Morning Report 17 Sep 24: Dow Jones touches new record high as investors rotate out of tech stocks
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. 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.
9/16/2024 • 9 minutes, 27 seconds
Market Close 16 Sep 24: The Aussie market flirts with a record high
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. 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.
9/16/2024 • 9 minutes, 33 seconds
Morning Report 16 Sep 24: Aussie shares to test record highs
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. 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.
9/15/2024 • 9 minutes, 59 seconds
Market Close 13 Sep 24: ASX spooked after almost cracking record high
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. 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.
9/13/2024 • 9 minutes, 36 seconds
Morning Report 13 Sep 24: S&P 500 has its fourth straight winning session
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. 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.
9/12/2024 • 9 minutes, 59 seconds
Market Close 12 Sep 24: Best day in 4 weeks
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. 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.
9/12/2024 • 9 minutes, 34 seconds
Morning Report 12 Sep 24: Inflation data dents hopes for a big Fed rate cut
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 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.
9/11/2024 • 9 minutes, 26 seconds
Market Close 11 Sep 24: Lithium stocks stand out despite ASX fall
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. 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.
9/11/2024 • 9 minutes, 9 seconds
Morning Report 11 Sep 24: Stocks shrug off big bank gloom as tech rallies
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. 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.
9/10/2024 • 9 minutes, 56 seconds
Market Close 10 Sep 24: Markets tread water ahead of US inflation
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. 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.
9/10/2024 • 9 minutes, 20 seconds
Morning Report 10 Sept 24: Bargain hunting pushes Dow Jones almost 500 points higher
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. 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.
9/9/2024 • 9 minutes, 37 seconds
Market Close 09 Sep 24: Investors await Apple’s annual event
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. 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.
9/9/2024 • 9 minutes, 59 seconds
Morning Report 09 Sept 24: Wall Street slumps as figures reveal cooling jobs market
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 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.
9/8/2024 • 9 minutes, 59 seconds
Market Close 06 Sep 24: Worst week of the year for energy & mining stocks
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. 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.
9/6/2024 • 9 minutes, 48 seconds
Morning Report 06 Sept 24: S&P 500 posts third straight loss as growth fears plague investors
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. 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.
9/5/2024 • 9 minutes, 34 seconds
Market Close 05 Sep 24: Ai boom drives tech stocks higher
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. 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.
9/5/2024 • 9 minutes, 48 seconds
Morning Report 05 Sept 24: Nvidia extends losses after largest market cap drop in history
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. 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.
9/4/2024 • 9 minutes, 41 seconds
Market Close 04 Sep 24: Worst day in a month for Aussie stocks
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. 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.
9/4/2024 • 9 minutes, 57 seconds
Morning Report 04 Sept 24: Wall Street starts September with worst day since August 5 global sell-off
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. 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.
9/3/2024 • 9 minutes, 53 seconds
Market Close 03 Sep 24: Dividends weigh on Aussie stocks
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. 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.
9/3/2024 • 8 minutes, 38 seconds
Morning Report 03 Sept 24: Wall Street closed for Labor Day holiday
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. 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.
9/2/2024 • 9 minutes, 53 seconds
Market Close 02 Sep 24: Star Entertainment Group suspended from trading on the ASX
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. 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.
9/2/2024 • 9 minutes, 50 seconds
Morning Report 02 Sept 24: Dow Jones hits second consecutive record high
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. 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.
9/1/2024 • 9 minutes, 28 seconds
Market Close 30 Aug 24: A flat end to a turbulent month
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. 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.
8/30/2024 • 9 minutes, 18 seconds
Morning Report 30 Aug 24: Dow Jones hits record high as share market rally broadens
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. 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.
8/29/2024 • 10 minutes
Market Close 29 Aug 24: Final flurry of profit results
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. 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.
8/29/2024 • 9 minutes, 59 seconds
Morning Report 29 Aug 24: Wall Street tumbles as investors brace for Nvidia results
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. 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.
8/28/2024 • 9 minutes, 49 seconds
Market Close 28 Aug 24: A flat day for the market as inflation data is back in focus
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. 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.
8/28/2024 • 9 minutes, 46 seconds
Morning Report 28 Aug 24: Wall Street pensive ahead of big tech earnings
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. 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.
8/27/2024 • 9 minutes, 57 seconds
Market Close 27 Aug 24: Australia’s largest miner lifts on earnings results
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. 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.
8/27/2024 • 9 minutes, 13 seconds
Morning Report 27 Aug 24: Dow Jones hits record high
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. 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.
8/26/2024 • 9 minutes, 42 seconds
Market Close 26 Aug 24: Eleventh gain in 12 days for Aussie stocks
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. 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.
8/26/2024 • 9 minutes, 54 seconds
Morning Report 26 Aug 24: Powell's pivot fuels Wall Street rally
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. 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.
8/25/2024 • 10 minutes
Market Close 23 Aug 24: Egg-cellent winning streak ends
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. 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.
8/23/2024 • 9 minutes, 30 seconds
Morning Report 23 Aug 24: ASX to end ten day winning streak
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. 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.
8/22/2024 • 9 minutes, 22 seconds
Market Close 22 Aug 24: Ten day winning streak for Aussie stocks
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. 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.
8/22/2024 • 9 minutes, 56 seconds
Morning Report 22 Aug 24: Rate cut hopes support Wall Street
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. 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.
8/21/2024 • 9 minutes, 52 seconds
Market Close 21 Aug 24: Longest winning streak since December 2015
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. 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.
8/21/2024 • 9 minutes, 57 seconds
Morning Report 21 Aug 24: ASX to slip as Wall Street rally runs out of steam
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. 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.
8/20/2024 • 9 minutes, 50 seconds
Market Close 20 Aug 24: Eighth straight day of gains for Aussie stocks
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. 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.
8/20/2024 • 9 minutes, 22 seconds
Morning Report 20 Aug 24: US stock markets post eighth positive session in a row
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. 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.
8/19/2024 • 9 minutes, 59 seconds
Market Close 19 Aug 24: A mixed performance but the winning streak remains alive
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. 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.
8/19/2024 • 9 minutes, 15 seconds
Morning Report 19 Aug 24: Wall Street posts its best week since 2023
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. 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.
8/18/2024 • 9 minutes, 30 seconds
Market Close 16 Aug 24: Best day of the month for Aussie Stocks
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. 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.
8/16/2024 • 8 minutes, 46 seconds
Morning Report 16 Aug 24: ASX to rise for a sixth day as US retail data ignites global rally
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. 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.
8/15/2024 • 9 minutes, 57 seconds
Market Close 15 Aug 24: Five day winning streak for Aussie stocks
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. 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.
8/15/2024 • 9 minutes, 57 seconds
Morning Report 15 Aug 24: Encouraging inflation figures push US stocks to a fifth day of gains
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. 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.
8/14/2024 • 9 minutes, 59 seconds
Market Close 14 Aug 24: US data results in an encouraging Australian session
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. 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.
8/14/2024 • 9 minutes, 55 seconds
Morning Report 14 Aug 24: NASDAQ closes up 2%, Dow adds 400 points on tame inflation data
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. 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.
8/13/2024 • 9 minutes, 57 seconds
Market Close 13 Aug 24: Healthcare drags on the Aussie market
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. 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.
8/13/2024 • 9 minutes, 55 seconds
Morning Report 13 Aug 24: Wall Street on high alert as investors count down to key inflation figures
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. 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.
8/12/2024 • 9 minutes, 28 seconds
Market Close 12 Aug 24: The market starts to recoup following the worst week in 3 months
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. 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.
8/12/2024 • 9 minutes, 26 seconds
Morning Report 12 Aug 24: Aussie shares to start the week firmly higher
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. 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.
8/11/2024 • 9 minutes, 59 seconds
Market Close 09 Aug 24: Strongest gains of the week for Aussie stocks
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. 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.
8/9/2024 • 9 minutes, 53 seconds
Morning Report 09 Aug 24: S&P 500 notches its best day since Nov 2022
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. 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.
8/8/2024 • 9 minutes, 59 seconds
Market Close 08 Aug 24: Markets remain cautious
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. 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.
8/8/2024 • 9 minutes, 16 seconds
Morning Report 08 Aug 24: US stocks close lower as markets comeback attempt fizzles out
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. 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.
8/7/2024 • 9 minutes, 59 seconds
Market Close 07 Aug 24: Improvements continue for the Aussie market
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%. 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.
8/7/2024 • 10 minutes
Morning Report 07 Aug 24: US share markets snap three day losing run in broad relief rally
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. 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.
8/6/2024 • 9 minutes, 53 seconds
Market Close 06 Aug 24: The dust settles after the market’s biggest tumble in four years
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. 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.
8/6/2024 • 9 minutes, 35 seconds
Morning Report 06 Aug 24: Dow tumbles 1000 points and S&P 500 posts worst day since 2022
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. 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.
8/5/2024 • 9 minutes, 50 seconds
Market Close 05 Aug 24: Largest decline in years for Aussie stocks
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. 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.
8/5/2024 • 9 minutes, 51 seconds
Morning Report 05 Aug 24: Growth fears haunt Wall Street
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. 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.
8/4/2024 • 9 minutes, 39 seconds
Market Close 02 Aug 24: ASX records worst day since March 2023
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. 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.
8/2/2024 • 9 minutes, 55 seconds
Morning Report 02 Aug 24: ASX to plunge as US stocks routed on economic worries
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. 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.
8/1/2024 • 10 minutes
Market Close 01 Aug 24: New month, fresh highs
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. 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.
8/1/2024 • 9 minutes, 56 seconds
Morning Report 01 August 24: Wall Street posts best gains since February
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. 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.
7/31/2024 • 9 minutes, 45 seconds
Market Close 31 Jul 24: The best day for the year for the Aussie market
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. 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.
7/31/2024 • 9 minutes, 56 seconds
Morning Report 31 July 24: Microsoft shares drop on cloud miss
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. 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.
7/30/2024 • 9 minutes, 57 seconds
Market Close 30 Jul 24: Markets on edge ahead of inflation data
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. 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.
7/30/2024 • 9 minutes, 49 seconds
Morning Report 30 July 24: US investors pensive ahead of a wall of company earnings
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. 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.
7/29/2024 • 9 minutes, 52 seconds
Market Close 29 Jul 24: A sizable bounce back from the losses of last week
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. 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.
7/29/2024 • 9 minutes, 58 seconds
Morning Report 29 July 24: Wall Street surges on inflation relief
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. 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.
7/28/2024 • 9 minutes, 59 seconds
Market Close 26 July 24: Aussie market rebounds from 6 week low
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. 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.
7/26/2024 • 9 minutes, 54 seconds
Morning Report 26 July 24: S&P 500 and NASDAQ end lower as tech comeback falters
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. 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.
7/25/2024 • 9 minutes, 49 seconds
Market Close 25 July 24: Biggest tumble in weeks for the ASX
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. 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.
7/25/2024 • 9 minutes, 14 seconds
Morning Report 25 July 24: ASX to open lower on the back of Wall Street stock smackdown
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. 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.
7/24/2024 • 9 minutes, 56 seconds
Market Close 24 July 24: Gold miners shine bright while Aussie market dips
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. 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.
7/24/2024 • 9 minutes, 33 seconds
Morning Report 24 July 24: Wall Street closes slightly lower with big tech earnings on deck
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. 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.
7/23/2024 • 9 minutes, 57 seconds
Market Close 23 July 24: Aussie stocks snap loosing streak
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. 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.
7/23/2024 • 9 minutes, 49 seconds
Morning Report 23 July 24: S&P 500 rebounds for best day since early June
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. 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.
7/22/2024 • 9 minutes, 59 seconds
Market Close 22 July 24: Markets slide for a third day
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. 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.
7/22/2024 • 9 minutes, 57 seconds
Morning Report 22 July 24: Aussie investors on edge as US President Joe Biden withdraws
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. 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.
7/21/2024 • 9 minutes, 42 seconds
Market Close 19 July 24: A rough end to a mostly impressive week for the market
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. 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.
7/19/2024 • 9 minutes, 59 seconds
Morning Report 19 July 24: Dow Jones slides more than 500 points as sell off broadens
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. 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.
7/18/2024 • 9 minutes, 44 seconds
Market Close 18 July 24: Surprise jump in Aussie jobs spikes rate hike concern
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. 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.
7/18/2024 • 10 minutes
Morning Report 18 July 24: Wall Street retreats as chip stocks slump
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. 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.
7/17/2024 • 9 minutes, 58 seconds
Market Close 17 July 24: Aussie market hits yet another record high
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. 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.
7/17/2024 • 9 minutes, 41 seconds
Morning Report 17 July 24: Dow Jones rallies 700 points for best day in a year
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. 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.
7/16/2024 • 10 minutes
Market Close 16 July 24: The market pulls back following record highs
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. 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 adviceSee omnystudio.com/listener for privacy information.
7/16/2024 • 9 minutes, 51 seconds
Morning Report 16 July 24: Wall Street closes at record highs on Trump trade
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. 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.
7/15/2024 • 9 minutes, 41 seconds
Market Close 15 Jul 24: ASX200 cracks 8000 points for the first time
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. 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.
7/15/2024 • 9 minutes, 58 seconds
Morning Report 15 July 24: Historic milestone looms for the ASX200 today
The ASX200 is set to hit 8,000 for the first time ever while mining stocks are in focus ahead of Rio Tinto’s production numbers. Wall Street hits new record highs despite US Banks retreat after mixed earnings. Meanwhile, Chinese authorities gather to discuss key economic outcomes and Tom and Ryan discuss how recent events involving Trump will impact the markets. 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.
7/14/2024 • 10 minutes
Market Close 12 July 24: Fresh record highs broken for Aussie stocks
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. 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.
7/12/2024 • 9 minutes, 59 seconds
Morning Report 12 July 24: Wall Street falls despite better inflation figures
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. 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.
7/11/2024 • 9 minutes, 41 seconds
Market Close 11 July 24: Aussie market almost touches record
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. 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.
7/11/2024 • 9 minutes, 2 seconds
Morning Report 11 July 24: Wall Street surges to new record highs
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. 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.
7/10/2024 • 9 minutes, 54 seconds
Market Close 10 Jul 24: Markets cautious ahead of US inflation data
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. 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.
7/10/2024 • 9 minutes, 58 seconds
Morning Report 10 July 24: Wall Street reflects on Powell and looks ahead to CPI
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. 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.
7/9/2024 • 9 minutes, 59 seconds
Market Close 09 July 24: The market rebounds nearing record highs once more
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. 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.
7/9/2024 • 8 minutes, 59 seconds
Morning Report 09 July 24: Wall Street hits new record highs as investors wait for Powell
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. 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.
7/8/2024 • 9 minutes, 33 seconds
Market Close 08 Jul 24: Last week’s gains wiped out in a single session
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. 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.
7/8/2024 • 9 minutes, 50 seconds
Morning Report 08 July 24: Wall Street celebrates jobs figures and ends at record highs
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. 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.
7/7/2024 • 9 minutes, 54 seconds
Market Close 5 July 24: Market jitters ahead of US jobs data and French election
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. 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.
7/5/2024 • 9 minutes, 54 seconds
Morning Report 05 July 24: Flat start for local shares on Friday with Wall street on holidays for the 4th of July
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. 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.
7/4/2024 • 9 minutes, 55 seconds
Market Close 4 July 24: ASX closes in on record high
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. 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.
7/4/2024 • 9 minutes, 45 seconds
Morning Report 04 July 24: Wall street hits record high on rate cut hopes
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. 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.
7/3/2024 • 9 minutes, 56 seconds
Market Close 03 Jul 24: ASX snaps two day losing streak
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. 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.
7/3/2024 • 9 minutes, 53 seconds
Morning Report 03 July 24: Aussie stocks to open higher and Wall street encouraged by Powell comments
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. 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.
7/2/2024 • 9 minutes, 59 seconds
Market Close 02 Jul 24: Lithium miner Liontown in focus
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. 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.
7/2/2024 • 9 minutes, 44 seconds
Morning Report 2 July 24: ASX to open lower ahead of RBA board minutes
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. 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.
7/1/2024 • 8 minutes, 17 seconds
Market Close 01 Jul 24: Miners boosted by strong Chinese data
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. 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.
7/1/2024 • 8 minutes, 56 seconds
Morning Report 1 July 24: ASX200 set to start July in negative territory
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. 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.
6/30/2024 • 9 minutes, 56 seconds
Market Close 28 Jun 24: Aussie market improves over the financial year
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. 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.
6/28/2024 • 8 minutes, 57 seconds
Morning Report 28 June 24: ASX to rise as investors await fed’s preferred price data
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.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.
6/27/2024 • 9 minutes, 51 seconds
Market Close 27 Jun 24: Inflation woes keep market under pressure
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. 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.
6/27/2024 • 9 minutes, 47 seconds
Morning Report 27 June 24: Aussie stocks to slump with investors spooked by inflation
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. 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.
6/26/2024 • 9 minutes, 9 seconds
Market Close 26 Jun 24: ASX nosedives after inflation data surprises
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. 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.
6/26/2024 • 10 minutes
Morning Report 26 June 24: ASX to fall ahead of key Aussie inflation data
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. 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.
6/25/2024 • 9 minutes, 37 seconds
Market Close 25 Jun 24: Market surges despite upcoming inflation data
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. 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.
6/25/2024 • 9 minutes, 53 seconds
Morning Report 25 June 24: Aussie shares to lift as investors snap up energy and bank stocks
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. 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.
6/24/2024 • 10 minutes
Market Close 24 Jun 24: A high risk week ahead for global share markets
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. 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.
6/24/2024 • 8 minutes, 48 seconds
Morning Report 24 June 24: Mixed results for Wall Street sees a lower open for the ASX 200
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. 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.
6/23/2024 • 10 minutes
Market Close 21 Jun 24: The cream sours on Guzman y Gomez
Laura and Stevie reflect on a week that has remained largely flat as they await a fresh catalyst to move them in either direction. Inflation data may be the next thing to move the needle, and they look at the upcoming economic factors which could also impact the market in the week ahead. Each of the sectors is looked at in detail with most in the green, Guzman y Gomez is back in focus, and they look at the other big movers. 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.
6/21/2024 • 9 minutes, 50 seconds
Morning Report 21 June 24: ASX to rise, S&P 500 struggles near record highs
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. 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.
6/20/2024 • 10 minutes
Market Close 20 Jun 24: Nacho average day for Guzman y Gomez
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. 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.
6/20/2024 • 9 minutes, 4 seconds
Morning Report 20 June 24: Aussie shares expected to slip ahead of Guzman y Gomez debut on the ASX
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.
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.
6/19/2024 • 9 minutes, 30 seconds
Market Close 19 June 24: What company became the world’s largest overnight?
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.
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.
6/19/2024 • 9 minutes, 17 seconds
Morning Report 19 June 24: ASX to consolidate after yesterday's big gain
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.
6/18/2024 • 9 minutes, 55 seconds
Market Close 18 June 24: Interest rate outlook remains uncertain following RBA meeting
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.
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.
6/18/2024 • 9 minutes, 48 seconds
Morning Report 18 Jun 24: ASX to rise ahead of RBA interest rate decision
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.
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.
6/17/2024 • 9 minutes, 40 seconds
Market Close 17 June 24: Fourth fall in five sessions
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.
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.
6/17/2024 • 9 minutes, 4 seconds
Morning Report 17 Jun 24: Aussie shares to open lower as investors look towards tomorrow's RBA decision
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.
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.
6/16/2024 • 9 minutes, 33 seconds
Market Close 14 June 24: Worst week in two months for Aussie stocks
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.
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.
6/14/2024 • 10 minutes
Morning Report 14 Jun 24: Wall Street celebrates on lower inflation numbers
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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6/13/2024 • 9 minutes, 54 seconds
Market Close 13 June 24: First lift of the week for Aussie stocks
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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6/13/2024 • 10 minutes
Morning Report 13 Jun 24: Inflation relief pushes Wall Street to record highs
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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6/12/2024 • 9 minutes, 49 seconds
Market Close 12 June 24: US inflation and interest rate decision in focus
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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6/12/2024 • 10 minutes
Morning Report 12 Jun 24: ASX to drop on weak metal prices
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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6/11/2024 • 9 minutes, 29 seconds
Market Close 11 June 24: Markets tumble ahead of inflation, interest rates and jobs data
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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6/11/2024 • 9 minutes, 37 seconds
Morning Report 11 Jun 24: ASX to fall despite Wall Street hovering at record highs
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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6/10/2024 • 9 minutes, 22 seconds
Market Close 7 June 24: Best week this year for the Aussie market
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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6/7/2024 • 9 minutes, 25 seconds
Morning Report 07 Jun 24: ASX to edge up after European Central Bank cuts interest rates
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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6/6/2024 • 10 minutes
Market Close 6 June 24: International rate cut decision improves investor confidence
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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6/6/2024 • 9 minutes, 23 seconds
Morning Report 06 Jun 24: ASX to rise, Nvidia leads mega cap tech rally
Join Tom and Ryan as they discuss new record highs on Wall Street. Hewlett Packard has been a standout overnight with strong gains, while Nvidia continued its AI driven run. Aussie shares are poised to rise, as the Bank of Canada bolsters hopes for global rate cuts.
And it's that time of the year where our performance reviews are being submitted so Tom and Ryan are asking you if you've enjoyed the podcast and if there's anyway they can improve?
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6/5/2024 • 10 minutes
Market Close 05 June 24: Aussie market recoups losses in response to GDP figures
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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6/5/2024 • 9 minutes, 31 seconds
Morning Report 05 Jun 24: ASX to open lower on concerns of growth data stalling
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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6/4/2024 • 10 minutes
Market Close 04 June 24: Mining and energy stocks in focus today
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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6/4/2024 • 9 minutes, 43 seconds
Morning Report 04 Jun: Commodity headwind to weigh on the ASX
Join Tom and Ryan as they analyse a challenging start to the new month on Wall Street, driven by a moderation in U.S. manufacturing and expectations for rate cuts by the Federal Reserve. The Dow Jones dipped by 0.5%, while the S&P 500 hovered just below the positive line, and the NASDAQ managed a modest gain of 0.3%. There was a fall in oil prices following a less-than-convincing promise from OPEC to adjust output over the next year. European markets showed mixed results, with a particular focus on the anticipation of an interest rate cut from the European Central Bank.
In the local market, shares are set to open lower due to slipping iron ore prices, which fell by over 6%. Plus, the first quarter current account figures and business inventories are expected, which will influence tomorrow's GDP data.
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6/3/2024 • 9 minutes, 49 seconds
Market Close 03 June 24: A positive start to a new month for investors
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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6/3/2024 • 10 minutes
Morning Report 3 Jun 24: Aussie shares set to start the month higher as investors celebrate US inflation figures
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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6/2/2024 • 9 minutes, 17 seconds
Market Close 31 May 24: The market bounces back with the best day in two weeks
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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5/31/2024 • 9 minutes, 34 seconds
Morning Report 31 May 24: Aussie shares expected to lift from 4 week lows
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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5/30/2024 • 9 minutes, 44 seconds
Market Close 30 May 24: Aussie market continues to dip following hotter than expected inflation data
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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5/30/2024 • 8 minutes, 47 seconds
Morning Report 30 May 24: Stocks grimace as interest rates rise
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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5/29/2024 • 9 minutes, 59 seconds
Market Close 29 May 24: Inflation weighs on Aussie shares
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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5/29/2024 • 7 minutes, 20 seconds
Morning Report 29 May 24: Aussie stocks set to open lower ahead of key inflation data
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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5/28/2024 • 9 minutes, 59 seconds
Market Close 28 May 24: Market remains cautious ahead of upcoming inflation data
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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5/28/2024 • 8 minutes, 32 seconds
Morning Report 28 May 24: ASX to edge higher, Aussie retail spending in focus
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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5/27/2024 • 9 minutes, 25 seconds
Market Close 27 May 24: Aussie market snaps four day losing streak
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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5/27/2024 • 9 minutes, 8 seconds
Morning Report 27 May 24: Aussie stocks set for gains as investors brace for inflation figures
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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5/26/2024 • 9 minutes, 56 seconds
Market Close 24 May 24: US drags Aussie share market lower
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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5/24/2024 • 9 minutes, 42 seconds
Morning Report 24 May 24: Commodities to weigh on ASX
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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5/23/2024 • 9 minutes, 57 seconds
Market Close 23 May 24: Aussie market slips for a third day
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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5/23/2024 • 8 minutes, 44 seconds
Morning Report 23 May 24: Stocks fall after Fed minutes with Nvidia on tap
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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5/22/2024 • 9 minutes, 55 seconds
Market Close 22 May 24: Bird flu impacts chicken producer
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.
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.
5/22/2024 • 9 minutes, 52 seconds
Morning Report 22 May: Aussie shares expected to lift after Wall Street hits fresh record highs
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.
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.
5/21/2024 • 9 minutes, 58 seconds
Market Close 21 May 24: Telstra job cuts impact share price
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.
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.
5/21/2024 • 9 minutes, 38 seconds
Morning Report 21 May 24: Nasdaq hits record with Nvidia results eyed
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.
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.
5/20/2024 • 9 minutes, 57 seconds
Market Close 20 May 24: Aussie market creeps toward record high
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.
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.
5/20/2024 • 9 minutes, 58 seconds
Morning Report 20 May 24: Aussie stocks set for gains at the open, Miners in focus after Chinese data
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.
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.
5/19/2024 • 9 minutes, 59 seconds
Market Close 17 May 24: Aussie shares ease as investors pause to reflect on recent gains
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.
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.
5/17/2024 • 9 minutes, 3 seconds
Morning Report 17 May 24: Aussie shares to slip as Dow hits milestone 40,000 mark
Despite starting strong, markets wilted towards the session's end, with the Dow Jones, the S&P 500, and the NASDAQ down. The ASX 200 is expected to follow suit with a 0.5% decline. Notable market movements include Walmart's historic day, Chubb's stock rise after Berkshire Hathaway's stake revelation, and John Deere's profit forecast trim affecting machinery sector stocks. Looking ahead, attention shifts to Chinese economic data, with indicators suggesting a pullout from a lull as the economy heads into the second quarter.
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.
5/16/2024 • 9 minutes, 21 seconds
Market Close 16 May 24: Aussie shares catapulted higher on offshore gains
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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5/16/2024 • 9 minutes
Morning Report 16 May 24: Inflation relief sends Wall Street to record highs
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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5/15/2024 • 9 minutes, 55 seconds
Market Close 15 May 24: Aussie shares lift on overseas gains and budget stimulus
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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5/15/2024 • 10 minutes
Morning Report 15 May 24: Nasdaq jumps to record high after Fed Chair's comments
Join Tom & Ryan as they dissect how markets shrugged off hotter-than-expected producer inflation numbers in the US, focusing instead on Jerome Powell's hints of a potential inflation decline. Attention will now turn to the CPI report tonight for further insights. European markets show mixed responses, influenced by discussions of rate cuts and corporate news. Locally, the focus is on the federal budget's impact, with anticipation around the wage price index indicating ongoing wage growth. Commodity markets experienced fluctuations, notably in oil, gold, and iron ore prices, influenced by various factors including supply concerns and defaults in China's property market.
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5/14/2024 • 9 minutes, 55 seconds
Market Close 14 May 24: Australian shares in a holding pattern ahead of US inflation
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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5/14/2024 • 9 minutes, 42 seconds
Morning Report 14 May 24: ASX to slip, Wall Street mostly lower as CPI awaited
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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5/13/2024 • 9 minutes, 34 seconds
Market Close 13 May 24: Aussie market pauses for a busy week ahead of the federal budget
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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5/13/2024 • 9 minutes, 58 seconds
Morning Report 13 May 24: ASX to start the week in the red as investors wait for key inflation figures
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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5/12/2024 • 9 minutes, 55 seconds
Market Close 10 May 24: Third weekly improvement for local markets
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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5/10/2024 • 9 minutes, 8 seconds
Morning Report 10 May 24: Dow Jones posts 7th straight gain, ASX expected to open higher
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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5/9/2024 • 9 minutes, 44 seconds
Market Close 9 May 24: An abrupt end to the market’s winning streak
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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5/9/2024 • 9 minutes, 15 seconds
Morning Report 9 May 24: Aussie miners expected to weigh on the ASX
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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5/8/2024 • 9 minutes, 59 seconds
Market Close 8 May 24: A 2-billion-dollar deal results in the worst performer
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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5/8/2024 • 8 minutes, 49 seconds
Morning Report 8 May: Aussie shares to extend gains as Dow Jones continues winning streak
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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5/7/2024 • 9 minutes, 51 seconds
Market Close 7 May 24: Australian shares power higher as investors see interest rates remain steady for longer
Craig and Steve today deep dive into the data that came out of the reserve bank board decision and how that data impacted the local market as interest rates remained on hold. With us ultimately seeing a third day of gains for the Aussie market Craig and Steve look at the winners across each of the sectors - with 9 in every 10 companies seeing increases, and look at the economic indicators expected overnight.
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5/7/2024 • 9 minutes, 51 seconds
Morning Report 7 May 24: Aussie shares expected to lift ahead of interest rate decision
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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5/6/2024 • 10 minutes
Market Close 6 May 24: Aussie shares up piggybacking on strong US lead
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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5/5/2024 • 10 minutes
Market Close 3 May 24: Aussie shares clear significant hurdles to end the week higher
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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5/3/2024 • 10 minutes
Morning Report 3 May 24: Aussie shares expected to end the week higher as US job report eyed
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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5/2/2024 • 9 minutes, 43 seconds
Market Close 2 May 24: A better day for the Aussie market ahead of US jobs figures
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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5/2/2024 • 10 minutes
Morning Report 2 May 24: ASX to slip despite Powell soothing rate jitters
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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5/1/2024 • 9 minutes, 58 seconds
Market Close 1 May 24: Markets cautious ahead of US rate decision
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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5/1/2024 • 9 minutes, 49 seconds
Morning Report 1 May 24: ASX to drop as hot US labour data sinks Wall Street
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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4/30/2024 • 9 minutes, 58 seconds
Market Close 30 Apr 24: Investors cautious ahead of key US events
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.
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.
4/30/2024 • 9 minutes, 50 seconds
Morning Report 30 Apr 24: Tesla drives Wall Street higher with Aussie shares expected to edge higher
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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4/29/2024 • 9 minutes, 12 seconds
Market Close 29 Apr 24: Aussie stocks bounce back following abrupt drops last week
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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4/29/2024 • 9 minutes, 50 seconds
Morning Report 29 Apr 24: Aussie shares set to rebound after Wall Street's strongest week since November
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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4/28/2024 • 9 minutes, 3 seconds
Market Close 26 Apr 24: One of the worst days this year for the Aussie market
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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4/26/2024 • 9 minutes, 52 seconds
Morning Report 26 Apr 24: ASX to drop with BHP's bid for Anglo American in focus
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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4/25/2024 • 9 minutes, 51 seconds
Market Close 24 Apr 24: A knee-jerk reaction to quarterly inflation data
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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4/24/2024 • 9 minutes, 59 seconds
Morning Report 24 Apr: Aussie shares to rise with inflation figures in focus
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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4/23/2024 • 9 minutes, 59 seconds
Market Close 23 Apr 24: Aussie market continues rebound following the recent tumble
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.
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.
4/23/2024 • 9 minutes, 54 seconds
Morning Report 23 Apr 24: ASX to lift as Wall Street jumps ahead of big US earnings
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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4/22/2024 • 9 minutes, 57 seconds
Market Close 22 Apr 24: Aussie shares rebound ahead of key inflation data
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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4/22/2024 • 9 minutes, 53 seconds
Morning Report 22 Apr 24: Geopolitical conflict only one factor in Aussie stock decline
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.
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.
4/21/2024 • 9 minutes, 53 seconds
Market Close 19 Apr 24: Conflict in the Middle East pushes market to two-month low
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.
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.
4/18/2024 • 9 minutes, 54 seconds
Market Close 18 Apr 24: Aussie market reacts to unemployment data
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.
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.
4/18/2024 • 9 minutes, 51 seconds
Morning Report 18 Apr 24: Aussie investors on edge ahead of key employment figures
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.
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.
4/17/2024 • 9 minutes, 58 seconds
Market Close 17 Apr 24: A flat session – but still some standouts
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.
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.
4/17/2024 • 9 minutes, 27 seconds
Morning Report 17 Apr 24: Aussie shares to slip as Powell confirms delay in rate cuts
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.
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.
4/16/2024 • 9 minutes, 59 seconds
Market Close 16 Apr 24: Aussie market sinks to two month low
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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4/16/2024 • 9 minutes, 27 seconds
Morning Report 16 Apr 24: ASX to drop following shock jump in US spending
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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4/15/2024 • 9 minutes, 52 seconds
Market Close 15 Apr 24: Aussie market slides for a third day
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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4/15/2024 • 8 minutes, 25 seconds
Morning Report 15 April 24: Middle-East conflict and bank earnings point to a lower start for the ASX
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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4/14/2024 • 10 minutes
Market Close 12 Apr 24: Dominos share price sliced
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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4/12/2024 • 10 minutes
Morning Report 12 Apr 24: S&P 500 and NASDAQ end higher on soft inflation data, ASX to dip
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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4/11/2024 • 9 minutes, 57 seconds
Market Close 11 Apr: Markets dip on hotter US inflation
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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4/11/2024 • 9 minutes, 46 seconds
Morning Report 11 Apr 24: ASX to fall following shock US inflation data
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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4/10/2024 • 9 minutes, 47 seconds
Market Close 10 Apr 24: What to watch in the next 24 hours
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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4/10/2024 • 9 minutes, 9 seconds
Morning Report 10 Apr 24: ASX to rise as markets brace for US inflation data
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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4/9/2024 • 9 minutes, 59 seconds
Market Close 09 Apr 24: Iron ore miners drive stocks higher for second day
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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4/9/2024 • 9 minutes, 25 seconds
Morning Report 9 Apr: Aussie shares to open higher as investors await the key event of the week
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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4/8/2024 • 9 minutes, 58 seconds
Market Close 08 Apr 24: A tepid start to the week for the Aussie market
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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4/8/2024 • 9 minutes, 42 seconds
Morning Report 8 Apr 24: Hot US jobs set to give Aussie market a lift
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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4/7/2024 • 9 minutes, 49 seconds
Market Close 5 Apr 24: Aussie market hits a two week low
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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4/5/2024 • 10 minutes
Morning Report 5 Apr 24: Aussie shares are poised to slip as US rally wiped out by rising oil prices
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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4/4/2024 • 8 minutes, 42 seconds
Market Close 4 Apr 24: Markets bounce back following yesterday’s losses
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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4/4/2024 • 8 minutes, 16 seconds
Morning Report 4 Apr 24: US share markets mixed following Fed Chair speech
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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4/3/2024 • 9 minutes, 52 seconds
Market Close 3 Apr 24: Largest decline in weeks for the Aussie share market
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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4/3/2024 • 9 minutes, 2 seconds
Morning Report 3 Apr 24: Wall street falls as Tesla drops and rate cut timing weighed
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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4/2/2024 • 9 minutes, 39 seconds
Market Close 2 Apr 24: What the RBA minutes could mean for interest rate cuts
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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4/2/2024 • 9 minutes, 58 seconds
Market Close 28 Mar 24: Aussie market hits highest level ever
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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3/28/2024 • 9 minutes, 22 seconds
Morning Report 28 Mar 24: Aussie shares expected to end the quarter up 3%
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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3/27/2024 • 10 minutes
Market Close 27 Mar 24: Inflation data boosts the market today
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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3/27/2024 • 10 minutes
Morning Report 27 Mar 24: Wall street gains with Aussie inflation data in focus
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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3/26/2024 • 9 minutes, 58 seconds
Market Close 26 Mar 24: Caution ahead of inflation data
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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3/26/2024 • 9 minutes, 41 seconds
Morning Report 26 Mar 24: Wall Street dips following strong week
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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3/25/2024 • 9 minutes, 23 seconds
Market Close 25 Mar 24: Aussie market closes in on record high
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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3/25/2024 • 9 minutes, 12 seconds
Morning Report 25 Mar 24: S&P 500 posts best weekly gain of the year
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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3/24/2024 • 9 minutes, 54 seconds
Market Close 22 Mar 24: A damp end to an eventful week
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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3/22/2024 • 9 minutes, 59 seconds
Morning Report 22 Mar 24: Wall street hits record highs as Swiss national bank cuts interest rates
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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3/21/2024 • 9 minutes, 41 seconds
Market Close 21 Mar 24: The best day in 7 weeks
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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3/21/2024 • 9 minutes, 56 seconds
Morning Report 21 Mar 24: US stocks hit record highs as fed pencils in future rate cuts
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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3/20/2024 • 10 minutes
Market Close 20 Mar 24: Not going anywhere fast
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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3/20/2024 • 9 minutes, 44 seconds
Morning Report 20 Mar 24: Aussie shares poised to rise today
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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3/19/2024 • 9 minutes, 36 seconds
Market Close 19 Mar 24: Are interest rate cuts on the cards?
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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3/19/2024 • 9 minutes, 52 seconds
Morning Report 19 Mar 24: Big tech starts the week on the front foot
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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3/18/2024 • 9 minutes, 29 seconds
Market Close 18 Mar 24: Caution ahead of interest rate decision
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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3/18/2024 • 9 minutes, 59 seconds
Morning Report 18 Mar 24: Why market sentiment could remain pensive this week
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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3/17/2024 • 9 minutes, 28 seconds
Market Close 15 Mar 24: Worst week since September
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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3/15/2024 • 9 minutes, 43 seconds
Morning Report 15 Mar 24: Australian shares set to slide today
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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3/14/2024 • 9 minutes, 54 seconds
Market Close 13 Mar 24: A day of mixed fortunes
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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3/14/2024 • 9 minutes, 40 seconds
Morning Report 14 Mar 24: Why is copper soaring?
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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3/13/2024 • 9 minutes, 55 seconds
Market Close 13 Mar 24: Why lithium stocks were in focus today
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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3/13/2024 • 9 minutes, 58 seconds
Morning Report 13 Mar 24: A look into hot U.S inflation figures
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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3/12/2024 • 9 minutes, 23 seconds
Market Close 12 Mar 24: Calm before the storm
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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3/12/2024 • 9 minutes, 26 seconds
Morning Report 12 Mar 24: Boeing shares drop after plane plummets
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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3/11/2024 • 9 minutes, 38 seconds
Market Close 10 Mar 24: Worst day in a year
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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3/11/2024 • 9 minutes, 1 second
Morning Report 11 Mar 24: Mixed earnings for leading tech names
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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3/10/2024 • 9 minutes, 44 seconds
Market Close 08 Mar 24: Best day in 5 weeks
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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3/8/2024 • 10 minutes
Morning Report 08 Mar 24: Weight loss drug attracts more investment
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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3/7/2024 • 9 minutes, 59 seconds
Market Close 07 Mar 24: Market approaching a fresh record
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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3/7/2024 • 8 minutes, 24 seconds
Morning Report 07 Mar 24: Fed Chair speech moves Wall Street
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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3/6/2024 • 9 minutes, 53 seconds
Market Close 6 Mar 24: How Economic growth data impacted the market
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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3/6/2024 • 9 minutes, 58 seconds
Morning Report 06 Mar 24: Tesla facing fallout from arson attack
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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3/5/2024 • 9 minutes, 54 seconds
Market Close 05 Mar 24: Gold sparkles in dull day for ASX200
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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3/5/2024 • 9 minutes, 15 seconds
Morning Report 05 Mar 24: Apple fined and Tesla drops
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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3/4/2024 • 9 minutes, 49 seconds
Market Close 04 Mar 24: 3rd straight record high for ASX200
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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3/4/2024 • 9 minutes, 52 seconds
Morning Report 04 Mar 24: Why growth numbers are impacting the market
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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3/3/2024 • 9 minutes, 40 seconds
Market Close 01 Mar 24: Aussie shares storm to fresh record highs
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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3/1/2024 • 9 minutes, 48 seconds
Morning Report 01 Mar 24: Aus home prices set record pace
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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2/29/2024 • 9 minutes
Market Close 29 Feb 24: ASX hits record high!
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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2/29/2024 • 9 minutes, 55 seconds
Morning Report 29 Feb 24: What's in store for the end of reporting season?
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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2/28/2024 • 9 minutes, 27 seconds
Market Close 28 Feb 24: Inflation? Nothing to see here...
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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2/28/2024 • 8 minutes, 58 seconds
Morning Report 28 Feb 24: How will key inflation data affect markets?
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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2/27/2024 • 9 minutes, 37 seconds
Market Close 27 Feb 24: Stocks edge higher ahead of inflation data
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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2/27/2024 • 9 minutes, 30 seconds
Morning Report 27 Feb 24: How will Wall Street respond to inflation test?
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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2/26/2024 • 9 minutes, 37 seconds
Market Close 26 Feb 24: Market lifts for a third day
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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2/26/2024 • 9 minutes, 59 seconds
Morning Report 26 Feb 24: Looking ahead to local inflation figures
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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2/25/2024 • 9 minutes, 30 seconds
Market Close 23 Feb 24: Friday, the best day of the week
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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2/23/2024 • 9 minutes, 53 seconds
Morning Report 23 Feb 24: How did NVIDIA's results affect markets?
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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2/22/2024 • 9 minutes, 51 seconds
Market Close 22 Feb 24: An avalanche of profits results leaves shares flat
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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2/22/2024 • 10 minutes
Morning Report 22 Feb 24: NVIDIA results move Wall Street
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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2/21/2024 • 9 minutes, 37 seconds
Market Close 21 Feb 24: Woolworths in focus as the market falls today
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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2/21/2024 • 8 minutes, 42 seconds
Morning Report 21 Feb 24: Huge week for company earnings
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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2/20/2024 • 9 minutes, 51 seconds
Market Close 20 Feb 24: How talk of rate hikes impacted the market
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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2/20/2024 • 9 minutes, 59 seconds
Morning Report 20 Feb 24: A look ahead to BHP's results
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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2/19/2024 • 9 minutes, 55 seconds
Market Close 19 Feb 24: Aussie market closing in on record
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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2/19/2024 • 9 minutes, 53 seconds
Morning Report 19 Feb 24: Wall St pauses for thought following strong inflation reading
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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2/18/2024 • 9 minutes, 24 seconds
Market Close 16 Feb 24: Swift recovery for Aussie stocks
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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2/16/2024 • 9 minutes, 45 seconds
Morning Report 16 Feb 24: Wall St jumps as retail sales slump
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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2/15/2024 • 9 minutes, 38 seconds
Market Close 15 Feb 24: An avalanche of earnings results
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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2/15/2024 • 9 minutes, 25 seconds
Morning Report 15 Feb 24: Why did Lyft surge 60%?
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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2/14/2024 • 10 minutes, 1 second
Market Close 14 Feb 24: Aussie market not feeling the love
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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2/14/2024 • 9 minutes, 24 seconds
Morning Report 14 Feb 24: Dow Jones biggest fall since Feb 2023
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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2/13/2024 • 9 minutes, 42 seconds
Market Close 13 Feb 24: Aussie shares drift ahead of key US data
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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2/13/2024 • 10 minutes
Morning Report 13 Feb 24: WS sets new records
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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2/12/2024 • 9 minutes, 52 seconds
Market Close 12 Feb 24: A dip for Aussie shares
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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2/12/2024 • 9 minutes, 47 seconds
Morning Report 12 Feb 24: S&P 500 sets all time record
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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2/11/2024 • 9 minutes, 47 seconds
Market Close 09 Feb 24: Uranium has the market seeing yellow
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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2/9/2024 • 8 minutes, 11 seconds
Morning Report 09 Feb 24: Oil jumps after Gaza ceasefire rejection
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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2/8/2024 • 9 minutes, 49 seconds
Market Close 08 Feb 24: Shares higher as earning season ramps up
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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2/8/2024 • 9 minutes, 42 seconds
Morning Report 08 Feb 24: Ford Motor lifts and S&P reaches for 5000 points
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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2/7/2024 • 9 minutes, 43 seconds
Market Close 07 Feb 24: Aussie market snaps two day losing streak
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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2/7/2024 • 9 minutes, 54 seconds
Morning Report 07 Feb 24: Spotify soars and bonds rise
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.
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.
2/6/2024 • 10 minutes, 19 seconds
Market Close 06 Feb 24: RBA key takeaways
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.
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.
2/6/2024 • 9 minutes, 41 seconds
Morning Report 06 Feb 24: Interest rates spike, Reserve Bank rate decision
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.
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.
2/5/2024 • 9 minutes, 55 seconds
Market Close 05 Feb 24: Market slumps ahead of RBA decision
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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2/5/2024 • 9 minutes, 52 seconds
Morning Report 05 Feb 24: WS hits new record, ASX to start lower
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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2/4/2024 • 9 minutes, 57 seconds
Market Close 02 Feb 24: Another day, another record
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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2/2/2024 • 9 minutes, 49 seconds
Morning Report 02 Feb 24: WS rebounds as tech earnings in focus
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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2/1/2024 • 9 minutes, 56 seconds
Market Close 01 Feb 24: Market falls from record high
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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2/1/2024 • 9 minutes, 59 seconds
Morning Report 01 Feb 24: WS lower as Fed holds
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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1/31/2024 • 9 minutes, 59 seconds
Market Close 31 Jan 24: A day for the history books
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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1/31/2024 • 9 minutes, 49 seconds
Morning Report 31 Jan 24: Tech earnings and consumer data
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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1/30/2024 • 9 minutes, 37 seconds
Market Close 30 Jan 24: How much did we spend in December?
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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1/30/2024 • 9 minutes, 59 seconds
Morning Report 30 Jan 24: Interest rate decision and the Evergrande impact
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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1/29/2024 • 9 minutes, 59 seconds
Market Close 29 Jan 24: Six days of gains
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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1/29/2024 • 9 minutes, 52 seconds
Morning Report 29 Jan 24: U.S stocks perform while AMEX soars
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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1/28/2024 • 9 minutes, 35 seconds
Market Close 25 Jan 24: Aussie shares 1% away from record
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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1/25/2024 • 9 minutes, 35 seconds
U.S lifts and China eases monetary policy
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.See omnystudio.com/listener for privacy information.
1/24/2024 • 9 minutes, 12 seconds
Market Close 24 Jan 24: A single sector carries the Aussie market today
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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1/24/2024 • 9 minutes, 24 seconds
Morning Report 24 Jan 24: U.S mixed, AUD softer plus China stimulus package
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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1/23/2024 • 8 minutes, 53 seconds
Market Close 23 Jan 24: Aussie market inches closer to record high
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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1/23/2024 • 9 minutes, 44 seconds
Morning Report 23 Jan 24: Drone attack pushes oil up and a sluggish local start
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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1/22/2024 • 9 minutes, 18 seconds
Market Close 22 Jan 24: Lithium slumps as Aussie market lifts
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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1/22/2024 • 9 minutes, 50 seconds
Morning Report 22 Jan 24: S&P hits record highs, joined by technology
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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1/21/2024 • 9 minutes, 44 seconds
Market Close 19 Jan 24: The market’s best day in five weeks
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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1/19/2024 • 9 minutes, 58 seconds
Morning Report 19 Jan 24: WS higher and Euro shares up
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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1/18/2024 • 9 minutes, 25 seconds
Market Close 18 Jan 24: 5th day of declines
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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1/18/2024 • 9 minutes, 14 seconds
Morning Report 18 Jan 24: WS slides, Aussie jobs data, iron falls
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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1/17/2024 • 9 minutes, 55 seconds
Market Close 17 Jan 24: China drags on Aussie market
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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1/17/2024 • 8 minutes, 20 seconds
Morning Report 17 Jan 24: Wall Street slips as big banks drag
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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1/16/2024 • 9 minutes, 53 seconds
Market Close 16 Jan 24: Supermarket giants in the hot seat
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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1/16/2024 • 8 minutes, 35 seconds
Morning Report 16 Jan 24: Euro markets lower as bond yields rise
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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1/15/2024 • 9 minutes, 16 seconds
Market Close 15 Jan 24: Uranium fuels energy gains
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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1/15/2024 • 9 minutes, 54 seconds
Morning Report 15 Jan 24: Oil and gold rise on Middle East instability
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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1/14/2024 • 9 minutes, 24 seconds
Market Close 12 Jan 24: Markets tread water
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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1/12/2024 • 8 minutes, 39 seconds
Morning Report 12 Jan 24: U.S inflation data, oil rises during Middle East tensions
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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1/11/2024 • 9 minutes, 45 seconds
Market Close 11 Jan 24: Second lift in 7 days
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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1/11/2024 • 7 minutes, 29 seconds
Morning Report 11 Jan 24: Microsoft on verge of overtaking Apple
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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1/10/2024 • 9 minutes, 36 seconds
Market Close 10 Jan 24: Stocks drop despite cooling inflation
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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1/10/2024 • 8 minutes, 11 seconds
Morning Report 10 Jan 24: U.S markets mixed, oil rebounds, inflation data today
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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1/9/2024 • 9 minutes, 45 seconds
Market Close 09 Jan 24: Aussie market approaches record high
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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1/9/2024 • 9 minutes, 44 seconds
Morning Report 09 Jan 24: WS rebounds, Boeing slides and oil tanks
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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1/8/2024 • 9 minutes, 50 seconds
Market Close 08 Jan 24: Aussie market declines for a fourth day
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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1/8/2024 • 9 minutes, 44 seconds
Morning Report 08 Jan 24: Worst yearly start since 2016
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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1/7/2024 • 9 minutes, 46 seconds
Market Close 22 Dec 23: Aussie stocks finish flat
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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12/22/2023 • 9 minutes, 33 seconds
Morning Report 22 Dec 23: U.S stocks rebound from biggest sell-off since September
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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12/21/2023 • 9 minutes, 49 seconds
Market Close 21 Dec 23: Aussie market takes a breather
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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12/21/2023 • 7 minutes, 56 seconds
Morning Report 21 Dec 23: Wall street moves sideways as rate cut rally loses steam
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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12/20/2023 • 9 minutes, 54 seconds
Market Close 20 Dec 23: Aussie Market raises for an 8th time in 9 sessions
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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12/20/2023 • 9 minutes, 11 seconds
Morning Report 20 Dec 23: Oil surges following drone attacks and AUD hits high
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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12/19/2023 • 9 minutes, 53 seconds
Market Close 19 Dec 23: Lithium in the spotlight
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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12/19/2023 • 8 minutes, 47 seconds
Morning Report 19 Dec 23: WS inches up, U.S steel soars, Reserve Bank minutes preview
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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12/18/2023 • 9 minutes, 2 seconds
Market Close 18 Dec 23: ASX snaps 6 day winning streak
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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12/18/2023 • 9 minutes, 31 seconds
Morning Report 18 Dec 23: WS treads water, retail and tech lead improvements
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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12/17/2023 • 9 minutes, 20 seconds
Market Close 15 Dec 23: Market approaches record highs
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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12/15/2023 • 9 minutes, 57 seconds
Morning Report 15 Dec 23: Dow Jones up and oil rises
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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12/14/2023 • 9 minutes, 49 seconds
Market Close 14 Dec 23: Interest rate cuts?
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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12/14/2023 • 9 minutes, 58 seconds
Morning Report 14 Dec 23: U.S shares rally, bond yields fall, ASX tipped to rise
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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12/13/2023 • 9 minutes, 58 seconds
Market Close 13 Dec 23: Market continues winning streak
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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12/13/2023 • 9 minutes, 16 seconds
Morning Report 13 Dec 23: WS inches up, Oil plunges, plus mid year federal budget
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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12/12/2023 • 9 minutes, 32 seconds
Market Close 12 Dec 23: Third day of gains
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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12/12/2023 • 9 minutes, 59 seconds
Morning Report 12 Dec 23: U.S inflation data and Aussie business surveys
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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12/11/2023 • 9 minutes, 24 seconds
Market Close 11 Dec 23: Flat start to week
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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12/11/2023 • 9 minutes, 58 seconds
Morning Report 11 Dec 23: WS new high, strong U.S jobs, Chemist Warehouse update
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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12/10/2023 • 9 minutes, 24 seconds
Market Close 08 Dec 23: Aussie market lifts on takeover talks
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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12/8/2023 • 9 minutes, 50 seconds
Morning Report 08 Dec 23: A.I boosts WS, U.S job figures, Chinese data
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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12/7/2023 • 9 minutes, 44 seconds
Market Close 07 Dec 23: A more settled session
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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12/7/2023 • 10 minutes
Morning Report 07 Dec 23: WS consolidates, oil hits low, ASX to open lower
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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12/6/2023 • 9 minutes, 31 seconds
Market Close 06 Dec 23: The best day in over a year for the Aussie Market
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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12/6/2023 • 9 minutes, 38 seconds
Morning Report 06 Dec 23: US mixed, China's credit outlook, Oz growth data
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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12/5/2023 • 9 minutes, 6 seconds
Market Close 05 Dec 23: Rates steady, market falls
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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12/5/2023 • 9 minutes, 58 seconds
Morning Report 05 Dec 23: Bitcoin hits high, Spotify jumps, Wall Street gets reality check
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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12/4/2023 • 9 minutes, 11 seconds
Market Close 04 Dec 23: A gain to start the week
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?See omnystudio.com/listener for privacy information.
12/4/2023 • 8 minutes, 53 seconds
Morning Report 04 Dec 23: WS hits 2023 high, Origin energy takeover vote today
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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12/3/2023 • 9 minutes, 43 seconds
Market Close 01 Dec 23: A slow start to December
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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12/1/2023 • 9 minutes, 39 seconds
Morning Report 01 Dec 23: Dow jumps and oil declines
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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11/30/2023 • 9 minutes, 54 seconds
Market Close 30 Nov 23: November ends in positive territory
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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11/30/2023 • 9 minutes, 49 seconds
Morning Report 30 Nov 23: Remembering Charlie Munger
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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11/29/2023 • 9 minutes, 45 seconds
Market Close 29 Nov 23: Inflation eases, ASX lifts
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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11/29/2023 • 9 minutes, 33 seconds
Morning Report 29 Nov 23: U.S mixed, plus highs for gold and AUD
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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11/28/2023 • 9 minutes, 24 seconds
Market Close 28 Nov 23: Aussie market bounces back from slow start to the week
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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11/28/2023 • 9 minutes, 39 seconds
Morning Report 28 Nov 23: Wall Street mixed and local shares to start positive
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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11/27/2023 • 9 minutes, 20 seconds
Market Close 27 Nov 23: Cautious start to the week for Aussie shares
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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11/26/2023 • 9 minutes, 29 seconds
Market Close 24 Nov 23: A small gain to end a quiet week
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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11/24/2023 • 8 minutes, 40 seconds
Morning Report 24 Nov 23: Aus shares to rise, Euro shares hit highs as oil rallies
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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11/23/2023 • 9 minutes, 59 seconds
Market Close 23 Nov 23: Origin’s takeover bid just got more complicated
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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11/23/2023 • 8 minutes, 28 seconds
Morning Report 23 Nov 23: U.S lifts, Oil slips and AUD rises
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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11/22/2023 • 9 minutes, 48 seconds
Market Close 22 November 23: Webjet flying high
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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11/22/2023 • 9 minutes, 40 seconds
Morning Report 22 Nov 23: WS falls, RBA speech preview and Webjet earnings
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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11/21/2023 • 9 minutes, 27 seconds
Market Close 21 Nov 23: ASX gains for a second day
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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11/21/2023 • 10 minutes
Morning Report 21 Nov 23: NASDAQ leads WS up and oil climbs over 2%
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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11/20/2023 • 9 minutes, 42 seconds
Market Close 20 Nov 23: ASX edged higher
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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11/20/2023 • 9 minutes, 24 seconds
Morning Report 20 Nov 23: U.S treads water as local market looks at positive start
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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11/19/2023 • 9 minutes, 41 seconds
Market Close 17 Nov 23: A quiet end to a solid week
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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11/17/2023 • 9 minutes, 22 seconds
Morning Report 17 Nov 23: Wall Street eases, oil plunges and bond yields sink
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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11/16/2023 • 9 minutes, 58 seconds
Market Close 16 Nov 23: China weighs on ASX
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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11/16/2023 • 9 minutes, 30 seconds
Morning Report 16 Nov 23: Target shares surge and locals stocks to edge lower
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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11/15/2023 • 9 minutes, 11 seconds
Market Close 15 Nov 23: Aussie market nears two-month high
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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11/15/2023 • 9 minutes, 58 seconds
Morning Report 15 Nov 23: WS rallies, Home Depot gains plus Aus wages data
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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11/14/2023 • 9 minutes, 20 seconds
Market Close 14 Nov 23: Strong rebound for Aussie stocks
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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11/14/2023 • 8 minutes, 23 seconds
Morning Report 14 Nov 23: WS treads water, Boeing soars and ASX solid start
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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11/13/2023 • 9 minutes, 21 seconds
Market Close 13 Nov 23: Banks drive ASX
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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11/13/2023 • 9 minutes, 49 seconds
Morning Report 13 Nov 23: U.S ends high with tech names leading charge
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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11/12/2023 • 8 minutes, 29 seconds
Market Close 10 Nov 23: A slow end to a busy week
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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11/10/2023 • 9 minutes, 56 seconds
Morning Report 10 Nov 23: U.S shares fall, iron ore gains plus Krispy Kreme earnings
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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11/9/2023 • 9 minutes, 30 seconds
Market Close 09 Nov 23: How data out of China impacted the Aussie market
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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11/9/2023 • 9 minutes, 57 seconds
Morning Report 09 Nov 23: U.S treads water, oil retreats and small locals gains
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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11/8/2023 • 9 minutes, 31 seconds
Market Close 08 Nov 23: Aussie share market lifts for 6th time in 7 sessions
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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11/8/2023 • 9 minutes, 29 seconds
Morning Report 08 Nov 23: S&P 500 up and oil slides.
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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11/7/2023 • 9 minutes, 31 seconds
Market Close 07 Nov 23: Mixed reaction as RBA hikes rates again
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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11/7/2023 • 8 minutes, 51 seconds
Morning Report 07 Nov 23: WS struggles as bond yields advance
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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11/6/2023 • 9 minutes, 56 seconds
Market Close 06 Nov 23: Markets lift for fifth day in a row
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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11/6/2023 • 9 minutes, 41 seconds
Morning Report 06 Nov 23: U.S and Aus stocks surge
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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11/5/2023 • 9 minutes, 47 seconds
Market Close 03 Nov 23: Solid start to November
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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11/3/2023 • 10 minutes, 1 second
Morning Report 03 Nov 23: Aus to rise after solid U.S and Euro gains
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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11/2/2023 • 9 minutes, 27 seconds
Market Close 02 Nov 23: Another day of gains
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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11/2/2023 • 9 minutes, 52 seconds
Morning Report 02 Nov 23: WS holds as Fed keeps rates steady
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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11/1/2023 • 9 minutes, 40 seconds
Market Close 01 Nov 23: A positive start to the month
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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11/1/2023 • 9 minutes, 44 seconds
Morning Report 01 Nov 23: WS up and global shares down ahead of U.S Fed meeting
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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10/31/2023 • 9 minutes, 31 seconds
Market Close 31 Oct 23: Spooky month for Aussie market
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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10/31/2023 • 8 minutes, 26 seconds
Morning Report 31 Oct 23: U.S stocks recover and local stocks to open higher
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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10/30/2023 • 9 minutes, 44 seconds
Market Close 30 Oct 23: Market hits fresh one year low
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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10/30/2023 • 9 minutes, 30 seconds
Morning Report 30 Oct 23: WS mixed, tech jumps and oil surges
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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10/29/2023 • 11 minutes, 33 seconds
Market Close 27 Oct 23: A chirpy end to the week
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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10/27/2023 • 9 minutes, 51 seconds
Morning Report 27 Oct 23: WS slides, Meta drags and Euro rates steady
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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10/26/2023 • 11 minutes, 21 seconds
Market Close 26 Oct 23: Market hits 12 month low
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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10/26/2023 • 9 minutes, 58 seconds
Morning Report 26 Oct 23: WS falls, Canada rates steady and Aus inflation data
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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10/25/2023 • 12 minutes, 7 seconds
Market Close 25 October 23: Inflation lifts, market drops
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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10/25/2023 • 9 minutes, 47 seconds
Morning Report 25 Oct 23: U.S stocks advance, bond yields stabilise, plus inflation data
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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10/24/2023 • 11 minutes, 32 seconds
Market Close 24 Oct 23: Market snaps 3 day losing streak
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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10/24/2023 • 8 minutes, 37 seconds
Morning Report 24 Oct 23: US mixed, oil deal and Stellantis strike
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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10/23/2023 • 11 minutes, 34 seconds
Market Close 23 Oct 23: Third day of losses
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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10/23/2023 • 9 minutes, 13 seconds
Morning Report 23 Oct 23: Stocks lower, Wed inflation data and ASX200 drops
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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10/22/2023 • 11 minutes, 13 seconds
Market Close 20 Oct 23: Market hits 2 week low
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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10/20/2023 • 10 minutes, 22 seconds
Morning Report 20 Oct 23: WS falls, Netflix up and Tesla down
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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10/19/2023 • 10 minutes, 59 seconds
Market Close 19 October 23: Unemployment drops, rate hikes ahead?
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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10/19/2023 • 9 minutes, 32 seconds
Morning Report 19 Oct 23: Rate hikes, employment figures and the Middle East
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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10/18/2023 • 12 minutes
Market Close 18 Oct 23: Stronger data from China boosts stocks
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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10/18/2023 • 10 minutes
Morning Report 18 Oct 23: U.S retail jumps, Nvidia drops, plus Chinese data
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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10/17/2023 • 10 minutes, 11 seconds
Market Close 17 Oct 23: Market rebound slowed by RBA meeting minutes
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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10/17/2023 • 9 minutes, 22 seconds
Morning Report 17 Oct 23: WS gains, Apple down and Bond Yields rise
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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10/16/2023 • 9 minutes, 54 seconds
Market Close 16 Oct 23: Middle East conflict impacts gold and oil prices
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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10/16/2023 • 10 minutes, 32 seconds
Morning Report 16 Oct 23: Oil surges, Oz shares lower and bank earnings
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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10/15/2023 • 11 minutes, 9 seconds
Market Close 13 Oct 23: ASX snaps 6-day winning streak
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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10/13/2023 • 10 minutes
Morning Report 13 Oct 23: WS falls and bond yields rise
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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10/12/2023 • 10 minutes, 42 seconds
Market Close 12 Oct 23: Longest winning streak in 4 months
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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10/12/2023 • 8 minutes, 30 seconds
Morning Report 12 Oct 23: U.S rates outlook, oil prices sink and ASX flat
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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10/11/2023 • 9 minutes, 25 seconds
Market Close 11 Oct 23: Five days of wins
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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10/11/2023 • 9 minutes, 7 seconds
Morning Report 11 Oct 23: Oil prices, BOQ earnings and WS gains
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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10/10/2023 • 8 minutes, 46 seconds
Market Close 10 Oct 23: Best day in 3 weeks
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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10/10/2023 • 9 minutes, 39 seconds
Morning Report 10 Oct 23: WS positive, oil surges and confidence surveys
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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10/9/2023 • 9 minutes, 17 seconds
Market Close 09 Oct 23: Middle East conflict drives market
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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10/9/2023 • 10 minutes
Morning Report 09 Oct 23: Jobs growth, the Gaza Strip and ASX 200 up
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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10/8/2023 • 10 minutes, 17 seconds
Market Close 06 October 23: ASX holds gains ahead of US jobs data
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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10/6/2023 • 9 minutes, 51 seconds
Morning Report 06 Oct 23: U.S jobs data, RBA stability review and oil slumps
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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10/5/2023 • 11 minutes, 6 seconds
Market Close 05 Oct 23: Aussie shares lift on easing of inflation worries
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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10/5/2023 • 11 minutes, 1 second
Morning Report 05 Oct 23: Stocks consolidate, oil plunges and ASX 200 looking positive
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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10/4/2023 • 12 minutes, 33 seconds
Market Close 04 Oct 23: Market tumbles to 11 month low
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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10/4/2023 • 8 minutes, 54 seconds
Morning Report 04 Oct 23: Stocks fall, bond yields high and grim week ahead
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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10/3/2023 • 10 minutes, 57 seconds
Market Close 03 October 23: ASX hits 6-month low
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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10/3/2023 • 9 minutes, 38 seconds
Morning Report 03 Oct 23: Higher interest rates, oil moderates and RBA decision
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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10/2/2023 • 11 minutes, 34 seconds
Market Close 02 October 23: Markets tread water ahead of interest rate decision
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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10/2/2023 • 9 minutes, 46 seconds
Morning Report 02 Oct 23: Inflation, Govt shutdowns and oil
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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10/1/2023 • 9 minutes, 15 seconds
Market Close 29 September 23: Biggest monthly tumble in a year
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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9/29/2023 • 9 minutes, 54 seconds
Morning Report 29 Sept 23: Wall Street ends higher ahead of key inflation report
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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9/28/2023 • 11 minutes, 7 seconds
Market Close 28 September 23: Big energy energy
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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9/28/2023 • 13 minutes, 16 seconds
Morning Report 28 Sept 23: Choppy night on Wall Street
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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9/27/2023 • 13 minutes, 41 seconds
Market Close 27 Sept 23: Are rates likely to stay on hold?
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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9/27/2023 • 10 minutes, 54 seconds
Morning Report 27 Sept 23: Concerns over U.S Gov shutdown
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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9/26/2023 • 13 minutes, 12 seconds
Market Close 26 September 23: Aussie market falls ahead of inflation
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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9/26/2023 • 10 minutes, 9 seconds
Morning Report 26 Sept 23: A choppy day on commodities market
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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9/25/2023 • 12 minutes, 16 seconds
Market Close 25 September 23: Aussie stocks bounce back from slow start
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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9/25/2023 • 11 minutes, 2 seconds
Morning Report 25 Sept 23: ASX expected to start with a loss
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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9/24/2023 • 12 minutes, 43 seconds
Market Close 22 September 23: Market makes impressive recovery from 6-month low
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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9/22/2023 • 9 minutes, 34 seconds
Morning Report 22 Sept 23: Murdoch steps down with positive market response
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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9/21/2023 • 13 minutes, 45 seconds
Market Close 21 September 23: Competition regulator strikes again
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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9/20/2023 • 14 minutes, 36 seconds
Market Close 20 September 23: Sizzling day for Sezzle
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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9/20/2023 • 11 minutes, 29 seconds
Morning Report 20 Sept 23: Investors on edge ahead of central bank meetings
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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9/19/2023 • 13 minutes, 35 seconds
Market Close 19 September 23: A sparkle amid declines
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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9/19/2023 • 14 minutes, 16 seconds
Morning Report 19 Sept 23: Oil prices hit 95USD a barrel
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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9/18/2023 • 15 minutes, 10 seconds
Market Close 18 September 23: Rough start to the week
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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9/17/2023 • 14 minutes, 3 seconds
Market Close 15 September 23: Aussie market as strong as steel
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.See omnystudio.com/listener for privacy information.
9/15/2023 • 15 minutes, 57 seconds
Morning Report 15 Sept 23: European Central Bank lifts rates for last time
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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9/14/2023 • 14 minutes, 51 seconds
Market Close 14 September 23: Uranium stocks power Aussie market
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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9/13/2023 • 14 minutes, 13 seconds
Market Close 13 September 23: Birken-stocks?
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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9/12/2023 • 15 minutes, 6 seconds
Market Close 12 September 23: Market lifts despite energy slump
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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9/12/2023 • 12 minutes, 30 seconds
Morning Report 12 Sept 23: Tech shares lead Wall St recovery
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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9/11/2023 • 14 minutes, 16 seconds
Market Close 11 September 23: Market ends nasty losing streak
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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9/11/2023 • 14 minutes, 32 seconds
Morning Report 11 Sept 23: Weather-beaten US stocks post moderate gains
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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9/10/2023 • 15 minutes, 39 seconds
Market Close 08 September 23: Market slides for fourth day
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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9/8/2023 • 13 minutes, 48 seconds
Morning Report 08 Sept 23: Tech shares fall on Apple drag
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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9/7/2023 • 13 minutes, 39 seconds
Market Close 07 September 23: BHP rocks the market
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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9/7/2023 • 9 minutes, 45 seconds
Morning Report 07 Sept 23: Data stokes inflation and rate worries
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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9/6/2023 • 13 minutes, 40 seconds
Market Close 06 September 23: Oil prices gush higher
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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9/6/2023 • 12 minutes, 36 seconds
Morning Report 06 Sept 23: Wall Street slips, OPEC cuts production
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.See omnystudio.com/listener for privacy information.
9/5/2023 • 14 minutes, 15 seconds
Market Close 05 September 23: Interest rates on hold for 3rd month
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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9/5/2023 • 12 minutes, 27 seconds
Morning Report 05 Sept 23: Euro shares fall flat
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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9/4/2023 • 14 minutes, 1 second
Market Close 04 September 23: Solid start ahead of interest rate decision
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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9/4/2023 • 11 minutes, 33 seconds
Morning Report 04 Sept 23: Wall Street survives jobs report
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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9/3/2023 • 14 minutes, 44 seconds
Market Close 01 September 23: Underwhelming start to Spring
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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9/1/2023 • 15 minutes, 12 seconds
Morning Report 01 Sept 23: Cannabis stocks on a high
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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8/31/2023 • 12 minutes, 43 seconds
Market Close 31 August 23: Market falls for the month
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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8/31/2023 • 11 minutes, 30 seconds
Morning Report 31 Aug 23: Fears of Chinese property giant default
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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8/30/2023 • 14 minutes, 18 seconds
Market Close 30 August 23: Big wins for the market today
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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8/30/2023 • 13 minutes, 39 seconds
Morning Report 30 Aug 28: U.S tech shares rebound from Aug slump
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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8/29/2023 • 15 minutes, 22 seconds
Market Close 29 August 23: Market zips higher
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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8/29/2023 • 11 minutes, 35 seconds
Morning Report 29 Aug 28: Wall Street up as investors await inflation data
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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8/28/2023 • 14 minutes, 10 seconds
Market Close 28 August 23: Market rebounds from last weeks losses
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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8/28/2023 • 12 minutes, 38 seconds
Morning Report 28 Aug 28: The big hurdles coming this week
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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8/27/2023 • 15 minutes, 40 seconds
Market Close 25 August 23: On track for worst month of 2023
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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8/25/2023 • 12 minutes, 22 seconds
Morning Report 25 Aug 23: Wall Street down ahead of Jackson Hole
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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8/24/2023 • 15 minutes, 36 seconds
Market Close 24 August 23: All eyes on JP
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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8/24/2023 • 13 minutes, 21 seconds
Morning Report 24 Aug 23: U.S share markets advance
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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8/23/2023 • 13 minutes, 42 seconds
Market Close 23 August 23: Why your pizza just got cheaper?
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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8/23/2023 • 13 minutes, 7 seconds
Morning Report 23 Aug 23: Aus shares expected to open lower after U.S shares slip
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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8/22/2023 • 14 minutes, 38 seconds
Market Close 22 August 23: Profit result avalanche
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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8/22/2023 • 12 minutes, 7 seconds
Morning Report 22 Aug 23: Tech shares unexpected top performer
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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8/21/2023 • 14 minutes, 47 seconds
Market Close 21 August 23: Aussie market remains near 5-week low
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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8/21/2023 • 11 minutes, 18 seconds
Morning Report 21 Aug 23: Investors on edge following latest developments in China
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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8/20/2023 • 14 minutes, 12 seconds
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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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8/18/2023 • 10 minutes, 20 seconds
Morning Report 18 Aug 23: Commodities rebound on Chinese currency support
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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8/17/2023 • 15 minutes, 1 second
Market Close 17 August 23: Egg-cellent day for Ingham
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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8/17/2023 • 10 minutes, 7 seconds
Morning Report 17 Aug 23: U.S Fed minutes cloud outlook for rates
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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8/16/2023 • 16 minutes, 45 seconds
Market Close 16 August 23: Biggest fall in 6 weeks
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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8/16/2023 • 10 minutes, 47 seconds
Morning Report 16 Aug 23: Dow Jones breaks 3-day winning streak
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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8/15/2023 • 15 minutes, 12 seconds
Market Close 15 August 23: How did wages help markets?
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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8/15/2023 • 13 minutes, 9 seconds
Morning Report 15 Aug 23: Tech stocks lead Wall Street higher
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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8/14/2023 • 14 minutes, 39 seconds
Market Close 14 August 23: ASX hits lowest levels in around 4 weeks
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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8/14/2023 • 13 minutes, 29 seconds
Morning Report 14 Aug 23: U.S stocks slip following higher factory inflation
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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8/13/2023 • 14 minutes, 32 seconds
Market Close 11 August 23: A cautious week
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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8/11/2023 • 14 minutes, 28 seconds
Morning Report 11 Aug 23: Wall Street ends flat following U.S inflation data
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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8/10/2023 • 15 minutes, 27 seconds
Market Close 10 August 23: Markets in wait and see mode
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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8/10/2023 • 11 minutes, 56 seconds
Morning Report 10 Aug 23: Wall Street closes lower ahead of key U.S inflation data
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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8/9/2023 • 15 minutes, 9 seconds
Market Close 09 August 23: Market lifts as profit results ramp up
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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8/9/2023 • 8 minutes, 17 seconds
Morning Report 09 Aug 23: Credit downgrades hit U.S regional banks
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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8/8/2023 • 15 minutes, 37 seconds
Market Close 08 August 23: James Hardie a surprising driver of the market today
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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8/8/2023 • 11 minutes
Morning Report 08 Aug 23: Dow jumps more than 400 points as U.S share markets snap 4 day losing streak
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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8/7/2023 • 13 minutes, 57 seconds
Market Close 07 August 23: Slow start to the week
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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8/7/2023 • 11 minutes, 38 seconds
Morning Report 07 Aug 23: Oil prices rise for sixth straight week
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. See omnystudio.com/listener for privacy information.
8/6/2023 • 14 minutes, 59 seconds
Market Close 04 August 23: China tariff lift boosts market
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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8/4/2023 • 13 minutes, 28 seconds
Morning Report 04 Aug 23: Russia and Saudi Arabia keep oil supplies tight
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.
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.
8/3/2023 • 14 minutes, 21 seconds
Market Close 03 August 23: Down day for Downer shares
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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8/3/2023 • 10 minutes, 50 seconds
Morning Report 03 Aug 23: U.S Government sees credit rating downgrade
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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8/2/2023 • 13 minutes, 26 seconds
Market Close 02 August 23: Worst day in a month
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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8/2/2023 • 14 minutes, 27 seconds
Morning Report 02 Aug 23: U.S stocks tread water ahead of economic and corporate news
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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8/1/2023 • 13 minutes, 12 seconds
Market Close 01 August 23: Market celebrates another pause in rate hikes
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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8/1/2023 • 12 minutes, 9 seconds
Morning Report 01 Aug 23: Previewing today's RBA rate decision
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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7/31/2023 • 15 minutes, 13 seconds
Market Close 31 July 23: Nervy start ahead of possible rate hike
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. See omnystudio.com/listener for privacy information.
7/30/2023 • 13 minutes, 36 seconds
Market Close 28 July 23: Aussie shares retreat ahead of rate decision
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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7/28/2023 • 16 minutes, 2 seconds
Morning Report 28 July 23: Dow Jones misses 1897 record run
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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7/27/2023 • 16 minutes, 26 seconds
Market Close 27 July 23: Aussie shares nearing record highs
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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7/27/2023 • 14 minutes, 28 seconds
Morning Report 27 July 23: U.S interest rates hit 22 year high
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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7/26/2023 • 13 minutes, 43 seconds
Market Close 26 July 23: Market responds to inflation data with 5 month high
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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7/26/2023 • 14 minutes, 21 seconds
Morning Report 26 July 23: Dow Jones on best winning streak in 6 years
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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7/25/2023 • 13 minutes, 57 seconds
Market Close 25 July 23: Market ends at 5 week high
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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7/25/2023 • 13 minutes, 46 seconds
Morning Report 25 July 23: AMC up 30% following Barbenheimer phenomenon
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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7/24/2023 • 15 minutes, 8 seconds
Market Close 24 July 23: A cautious start to the week
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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7/24/2023 • 12 minutes, 12 seconds
Morning Report 24 July 23: ASX shares to lift ahead of inflation data
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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7/23/2023 • 13 minutes, 45 seconds
Market Close 21 July 23: A dull end to the week
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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7/21/2023 • 12 minutes, 16 seconds
Morning Report 21 July 23: Dow’s longest winning streak since 2017
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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7/20/2023 • 13 minutes, 36 seconds
Market Close 20 July 23: Jobs, jobs, jobs!
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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7/20/2023 • 13 minutes, 23 seconds
Morning Report 20 July 23: Dow Jones 8th straight win
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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7/19/2023 • 14 minutes, 44 seconds
Market Close 19 July 23: Aussie market hits four week high
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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7/19/2023 • 13 minutes, 3 seconds
Morning Report 19 July 23: Dow Jones posts longest winning streak since 2021
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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7/18/2023 • 12 minutes, 30 seconds
Market Close 18 July 23: What’s next for interest rates?
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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7/18/2023 • 13 minutes, 16 seconds
Morning Report 18 July 23: Wall Street gains as investors await company reports
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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7/17/2023 • 11 minutes, 18 seconds
Market Close 17 July 23: How a sluggish Chinese economy hurts our market
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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7/17/2023 • 12 minutes, 57 seconds
Morning Report 17 July 23: New era for the RBA
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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7/16/2023 • 11 minutes, 41 seconds
Market Close 14 July 23: Best week of the year
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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7/14/2023 • 13 minutes, 50 seconds
Morning Report 14 July 23: RBA Governor Philip Lowe to depart
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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7/13/2023 • 13 minutes, 33 seconds
Market Close 13 July 23: Best day in 6 months for Aussie market
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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7/13/2023 • 11 minutes, 4 seconds
Morning Report 13 July 23: Wall Street celebrates better than expected inflation figures
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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7/12/2023 • 12 minutes, 26 seconds
Market Close 12 July 23: Will US inflation move markets?
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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7/12/2023 • 13 minutes, 39 seconds
Morning Report 12 July 23: Wall Street ends higher ahead of inflation data
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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7/11/2023 • 13 minutes, 45 seconds
Market Close 11 July 23: Best day in 6 months!
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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7/10/2023 • 11 minutes, 32 seconds
Market Close 10 July 23: Market hits fresh 3.5 month low
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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7/10/2023 • 13 minutes, 46 seconds
Morning Report 10 July 23: U.S stocks retreat ahead of rate hike fears
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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7/9/2023 • 12 minutes, 8 seconds
Market Close 07 July 23: Worst week in 9 months
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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7/7/2023 • 13 minutes, 55 seconds
Morning Report 07 July 23: Stronger jobs data fuels interest rate concerns
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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7/6/2023 • 14 minutes, 2 seconds
Market Close 06 July 23: Worst day in two weeks
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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7/6/2023 • 10 minutes, 16 seconds
Morning Report 06 July 23: Meta goes toe to toe with twitter
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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7/5/2023 • 12 minutes, 21 seconds
Market Close 05 July 23: 3-Day winning streak comes to an end
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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7/5/2023 • 11 minutes, 2 seconds
Morning Report 05 July 23: RBA hits pause on interest rates
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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7/4/2023 • 14 minutes, 45 seconds
Market Close 04 July 23: Shares jump while interest rates stay steady
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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7/4/2023 • 10 minutes, 35 seconds
Morning Report 04 July 23: Wall Street closes early for Independence Day
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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7/3/2023 • 14 minutes, 46 seconds
Market Close 03 July 23: Positive start to new financial year
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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7/3/2023 • 11 minutes, 35 seconds
Morning Report 03 July 23: Wall Street celebrates lower inflation reading
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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7/2/2023 • 12 minutes, 20 seconds
Market Close 30 June 23: Aussie stocks lift almost 10% over year
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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6/30/2023 • 14 minutes, 25 seconds
Morning Report 30 June 23: Further U.S rate hikes and EOFY!
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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6/29/2023 • 14 minutes, 11 seconds
Market Close 29 June 23: Market fades as spending surges
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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6/29/2023 • 11 minutes, 5 seconds
Morning Report 29 June 23: Stocks consolidate as central bankers talk up interest rates
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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6/28/2023 • 13 minutes, 46 seconds
Market Close 28 June 23: Investors celebrate win in the battle against inflation
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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6/28/2023 • 12 minutes, 21 seconds
Morning Report 28 June 23: Investors flock back to tech shares
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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6/27/2023 • 14 minutes, 13 seconds
Market Close 27 June 23: CKF shares were finger lickin’ good
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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6/27/2023 • 11 minutes, 15 seconds
Morning Report 27 June 23: Global stocks ease over growth concerns
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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6/26/2023 • 11 minutes, 20 seconds
Market Close 26 June 23: Whiskey producer share price sours
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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6/26/2023 • 13 minutes, 16 seconds
Morning Report 26 June 23: How will failed Russian coup impact markets?
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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6/25/2023 • 14 minutes, 21 seconds
Market Close 23 June 23: Biggest weekly decline in three months
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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6/23/2023 • 11 minutes, 37 seconds
Morning Report 23 June 23: Tech stocks drive Wall Street higher
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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6/22/2023 • 13 minutes, 4 seconds
Market Close 22 June 23: Biggest fall this month
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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6/22/2023 • 12 minutes, 51 seconds
Morning Report 22 June 23: U.S Central Bank hints at further rate hikes
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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6/21/2023 • 10 minutes, 50 seconds
Market Close 21 June 23: Shares soften as airlines encounter turbulence
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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6/21/2023 • 12 minutes, 39 seconds
Morning Report 21 June 23: Wall Street ends lower ahead of Powell speech
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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6/20/2023 • 12 minutes, 19 seconds
Market Close 20 June 23: Shares lift on interest rate hopes
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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6/20/2023 • 11 minutes, 19 seconds
Morning Report 20 June 23: Investors fret as China drags feet over growth support
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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6/19/2023 • 10 minutes, 56 seconds
Market Close 19 June 23: Aussie shares buck the trend
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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6/19/2023 • 11 minutes, 28 seconds
Morning Report 19 June 23: US share market halts winning run
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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6/18/2023 • 12 minutes, 8 seconds
Market Close 16 June 23: Best day in 2 months
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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6/16/2023 • 10 minutes, 58 seconds
Morning Report 16 June 23: European Central Bank hikes rates
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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6/15/2023 • 12 minutes, 48 seconds
Market Close 15 June 23: Aussie shares absorb big hike in jobs
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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6/15/2023 • 11 minutes, 34 seconds
Morning Report 15 June 23: U.S Federal Reserve holds rates steady
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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6/14/2023 • 14 minutes, 30 seconds
Market Close 14 June 23: Aussie market lifts ahead of key US rate decision
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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6/14/2023 • 12 minutes, 47 seconds
Morning Report 14 June 23: Inflation relief pushes stocks higher
Tom and Ryan discuss the latest moderation in U.S inflation that helped push 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 morning’s commodities and AUD.
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6/13/2023 • 16 minutes, 56 seconds
Market Close 13 June 23: Domino’s feeling the heat in the kitchen
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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6/13/2023 • 13 minutes, 16 seconds
Morning Report 13 June 23: Wall Street advances on interest rate hopes
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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6/12/2023 • 13 minutes, 26 seconds
Market Close 09 June 23: A better end to a rocky week
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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6/9/2023 • 12 minutes, 36 seconds
Morning Report 09 June 23: Interest rate hopes push Wall St higher
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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6/8/2023 • 12 minutes, 38 seconds
Market Close 08 June 23: Third straight day of losses
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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6/8/2023 • 9 minutes, 56 seconds
Morning Report 08 June 23: Did international rate hikes impact the market?
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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6/7/2023 • 12 minutes, 20 seconds
Market Close 07 June 23: Market runs out of steam
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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6/7/2023 • 12 minutes, 49 seconds
Morning Report 07 June 23: Golf stocks up after PGA & LIV merger
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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6/6/2023 • 10 minutes, 49 seconds
Market Close 06 June 23: Yet another surprise rate hike
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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6/6/2023 • 12 minutes, 19 seconds
Morning Report 06 June 23: Aus shares in focus ahead of RBA meeting
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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6/5/2023 • 13 minutes, 5 seconds
Market Close 05 June 23: Best day in 8 weeks
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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6/5/2023 • 13 minutes, 17 seconds
Morning Report 05 June 23: ASX to open on a strong footing
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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6/4/2023 • 12 minutes, 15 seconds
Market Close 02 June 23: Second straight day of gains
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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6/2/2023 • 13 minutes, 18 seconds
Morning Report 02 June 23: Wall Street rallies on debt ceiling progress
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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6/1/2023 • 14 minutes, 36 seconds
Market Close 01 June 23: A positive start to the month
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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6/1/2023 • 13 minutes, 44 seconds
Morning Report 01 June 23: Aussie shares lower with home prices in focus
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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5/31/2023 • 14 minutes, 1 second
Market Close 31 May 23: Aussie market has its worst day in almost three months
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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5/30/2023 • 13 minutes, 14 seconds
Market Close 30 May 23: All eyes shift to inflation
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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5/30/2023 • 13 minutes, 37 seconds
Morning Report 30 May 23: US Markets closed but rocky road ahead for debt ceiling deal
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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5/29/2023 • 10 minutes, 49 seconds
Market Close 29 May 23: Best day in 7 weeks for the Aussie market
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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5/29/2023 • 11 minutes, 56 seconds
Morning Report 29 May 23: Wall Street surges on debt ceiling progress
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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5/28/2023 • 13 minutes, 8 seconds
Market Close 26 May 23: AI boom drives tech gains
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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5/26/2023 • 14 minutes, 23 seconds
Morning Report 26 May 23: Nvidia approaching trillion dollar club
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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5/25/2023 • 12 minutes, 20 seconds
Market Close 25 May 23: Market sinks to two month low
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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5/25/2023 • 12 minutes, 35 seconds
Morning Report 25 May 23: Time running out for debt ceiling agreement
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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5/24/2023 • 13 minutes, 30 seconds
Market Close 24 May 23: Retailers hit by penny conscious youth
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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5/24/2023 • 10 minutes, 8 seconds
Morning Report 24 May 23: U.S debt ceiling stalemate continues
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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5/23/2023 • 12 minutes, 21 seconds
Market Close 23 Month 23: Is Qantas flying high yet again?
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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5/23/2023 • 12 minutes, 54 seconds
Morning Report 23 May 23: Pfizer shares rally off the back of new weight loss pill
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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5/22/2023 • 11 minutes, 38 seconds
Market Close 22 May 23: Overhaul of buy now, pay later sector
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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5/22/2023 • 12 minutes, 54 seconds
Morning Report 22 May 23: Investors remain pensive as debt ceilings talks continue
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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5/21/2023 • 14 minutes, 43 seconds
Market Close 19 May 23: Strongest gains in two weeks
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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5/19/2023 • 12 minutes, 12 seconds
Morning Report 19 May 23: AI and chip stocks lead Nasdaq higher
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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5/18/2023 • 13 minutes, 28 seconds
Market Close 18 May 23: Tech stocks surge on better earnings
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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5/18/2023 • 13 minutes, 2 seconds
Morning Report 18 May 23: US markets lift in hopes of debt ceiling agreement
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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5/17/2023 • 11 minutes, 47 seconds
Market Close 17 May 23: Wages are up and the market is down
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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5/17/2023 • 11 minutes, 56 seconds
Morning Report 17 May 23: Home Depot posts worst revenue miss in 20 years
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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5/16/2023 • 11 minutes, 47 seconds
Market Close 16 May 23: Market on edge ahead of wage data announcement
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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5/16/2023 • 10 minutes, 31 seconds
Morning Report 16 May 23: U.S markets tread water over debt debt ceiling stalemate
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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5/15/2023 • 12 minutes, 18 seconds
Market Close 15 May 23: Golden day for Aussie share market
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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5/15/2023 • 11 minutes, 52 seconds
Morning Report 15 May 23: Markets brace for a big week of economic updates
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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5/14/2023 • 12 minutes, 43 seconds
Market Close 12 May 23: Aussie market narrowly snaps 3 week losing streak
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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5/12/2023 • 11 minutes, 7 seconds
Morning Report 12 May 23: Elon Musk to step down as Twitter CEO
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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5/11/2023 • 13 minutes, 15 seconds
Market Close 11 May 23: Lithium miners dominate winners list
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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5/11/2023 • 10 minutes, 48 seconds
Morning Report 11 May 23: Australian lithium merger creates global player
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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5/10/2023 • 13 minutes, 30 seconds
Market Close 10 May 23: Market down for the second day in a row
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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5/10/2023 • 11 minutes, 2 seconds
Morning Report 10 May 23: Wall Street pensive ahead of key inflation figures
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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5/9/2023 • 12 minutes, 14 seconds
Market Close 09 May 23: Chinese imports weigh on miners
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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5/9/2023 • 10 minutes, 46 seconds
Morning Report 09 May 23: Australia to announce first surplus in 15 years
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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5/8/2023 • 11 minutes, 34 seconds
Market Close 08 May 23: Mining and energy drive the market higher
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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5/8/2023 • 8 minutes, 48 seconds
Morning Report 08 May 23: US employment figures create inflation headache
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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5/7/2023 • 11 minutes, 37 seconds
Market Close 05 May 23: Market snaps 3 day losing streak
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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5/5/2023 • 9 minutes, 29 seconds
Morning Report 05 May 23: Concerns over US banking system weigh on markets
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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5/4/2023 • 13 minutes, 1 second
Market Close 04 May 23: The banks hold the market back
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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5/4/2023 • 9 minutes, 47 seconds
Morning Report 04 May 23: US Federal Reserve raises rates
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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5/3/2023 • 10 minutes, 22 seconds
Market Close 03 May 23: Worst day in 6 weeks for the Aussie market
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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5/3/2023 • 8 minutes, 52 seconds
Morning Report 03 May 23: A rollercoaster of share market developments
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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5/2/2023 • 9 minutes, 45 seconds
Market Close 02 May 23: Rate hike rattles the Aussie market
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.
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.
5/2/2023 • 9 minutes, 40 seconds
Morning Report 02 May 23: Reserve Bank predicted to hold interest rates steady
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.
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.
5/1/2023 • 12 minutes, 6 seconds
Market Close 01 May 23: Big week for interest rates
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
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.
5/1/2023 • 10 minutes, 7 seconds
Morning Report 01 May 23: US earnings driven by tech once again
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.
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.
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.
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.
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.
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.
4/27/2023 • 7 minutes, 44 seconds
Market Close 27 Apr 23: ASX 200 index falls for 5th straight session
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.
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.
4/27/2023 • 4 minutes, 2 seconds
Morning Report 27 Apr 23: Wall St battles bank concerns as tech earnings beat expectations
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
4/26/2023 • 5 minutes, 15 seconds
Market Close 26 Apr 23: ASX 200 slides for 4th day
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
4/26/2023 • 5 minutes, 11 seconds
Morning Report 26 Apr 23: Wall Street ends lower as weak company earnings fan fears of an economic slowdown
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.See omnystudio.com/listener for privacy information.
4/25/2023 • 5 minutes, 18 seconds
Morning Report 24 Apr 23: US sharemarkets inched ahead on Friday assisted by positive economic data.
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/23/2023 • 3 minutes, 20 seconds
Market Close 21 Apr 23: ASX 200 slips for 2nd day
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/21/2023 • 5 minutes, 58 seconds
Morning Report 21 Apr 23: US sharemarkets were weaker on Thursday
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/20/2023 • 6 minutes, 41 seconds
Market Close 20 Apr 23: Aussie market ends flat for 2nd straight day
The Australian sharemarket ended flat for the 2nd straight day. The ASX200 index edged 3pts or 0.04% lower to 7362.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/20/2023 • 3 minutes, 34 seconds
CommSec Insights 20 Apr 23: The Week Ahead
Get ready for the upcoming week as we preview key inflation data, US earnings results, quarterly updates in Australia and more.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/20/2023 • 16 minutes, 7 seconds
Morning Report 20 Apr 23: US sharemarkets were mixed on Wednesday
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/19/2023 • 4 minutes, 54 seconds
Market Close 19 Apr 23: ASX 200 stays close to 2-month high
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/19/2023 • 6 minutes, 13 seconds
Morning Report 19 Apr 23: US sharemarkets were flat on Tuesday
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/18/2023 • 6 minutes, 17 seconds
Market Close 18 Apr 23: ASX 200 eases from 2-month high
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/18/2023 • 4 minutes, 24 seconds
Morning Report 18 Apr 23: US sharemarkets rose by around 0.3% on Monday
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/17/2023 • 5 minutes, 58 seconds
Morning Report 17 Apr 23: US sharemarkets fell by around 0.4% on Friday
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/16/2023 • 6 minutes, 7 seconds
Market Close 14 Apr 23: ASX 200 approaches 2-month high
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/14/2023 • 3 minutes, 44 seconds
Morning Report 14 Apr 23: US sharemarkets posted solid gains on Thursday
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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4/13/2023 • 7 minutes, 12 seconds
Market Close 13 Apr 23: ASX 200 falls, breaking 2-day winning streak after jobs report
The Aussie market declined on Thursday, breaking its 2-day winning streak following stronger than expected jobs growth.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/13/2023 • 3 minutes, 10 seconds
CommSec Insights 13 Apr 23: The Week Ahead
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/13/2023 • 16 minutes, 10 seconds
Morning Report 13 Apr 23: Wall St ends lower as Fed Minutes spark caution
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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4/12/2023 • 0
Market Close 12 Apr 23: ASX climbs for the 2nd straight day
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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4/12/2023 • 0
Morning Report 12 Apr 23: US sharemarkets were mixed on Tuesday
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/11/2023 • 0
Market Close 11 Apr 23: ASX 200 has its 2nd best day this year
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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4/11/2023 • 0
Morning Report 11 Apr 23: US sharemarkets were mixed on Monday
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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4/6/2023 • 4 minutes
CommSec Insights 6 Apr 23: The Week Ahead
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/6/2023 • 13 minutes, 58 seconds
Morning Report 6 Apr 23: US sharemarkets were mixed on Wednesday.
Investors took on a defensive posture in response to the latest signs of a slowdown in the US economy.
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4/6/2023 • 5 minutes, 6 seconds
Market Close 5 Apr 23: The Australian sharemarket lifted marginally on Wednesday
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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4/5/2023 • 3 minutes, 1 second
Investment Insights 29 March 23: The outlook for energy prices (Part 3)
CBA Mining & Energy Economist, Vivek Dhar speaks with Tom Piotrowski about the outlook for coal, LNG and oil prices.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/5/2023 • 10 minutes, 32 seconds
Investment Insights 29 March 23: The outlook for base metals and lithium prices (Part 2)
CBA Mining & Energy Economist, Vivek Dhar speaks with Tom Piotrowski about his outlook for base metals prices and provides his views on lithium demand.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/5/2023 • 8 minutes, 50 seconds
Investment Insights 29 March 23: The outlook for iron ore prices (Part 1)
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/5/2023 • 10 minutes, 59 seconds
Morning Report 5 Apr 23: US sharemarkets were weaker on Tuesday.
Investors reacted to a sharp slowdown in job openings to near 2-year lows. Factory orders also fell for the second month.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/4/2023 • 5 minutes, 39 seconds
Market Close 4 Apr 23: The Australian sharemarket ended higher on Tuesday
The Australian sharemarket ended higher on Tuesday, lifting for a 7th consecutive session and continuing its longest winning streak since March 2022.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/4/2023 • 3 minutes, 34 seconds
Morning Report 4 Apr 23: Oil prices surge 6.3% after OPEC+ producers trim production quotas
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/3/2023 • 2 minutes, 39 seconds
Market Close 3 Apr 23: ASX 200 lifts for 4th day
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/3/2023 • 4 minutes, 37 seconds
Executive Series 27 March 23: Intelligent Investor Deputy Head of Research, Gaurav Sodhi (Part 3)
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/3/2023 • 8 minutes, 31 seconds
Executive Series 27 March 23: Intelligent Investor Deputy Head of Research, Gaurav Sodhi (Part 2)
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/3/2023 • 8 minutes, 50 seconds
Executive Series 27 March 23: Intelligent Investor Deputy Head of Research, Gaurav Sodhi (Part 1)
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
4/3/2023 • 8 minutes, 29 seconds
Morning Report 3 Apr 23: Wall Street jumps on Friday as inflation cools
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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4/2/2023 • 4 minutes, 19 seconds
Market Close 31 Mar 23: ASX 200 has best week since November 2022
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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3/31/2023 • 4 minutes, 51 seconds
Morning Report 31 Mar 23: ASX set to follow Wall Street Higher on Friday
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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3/30/2023 • 6 minutes, 54 seconds
Market Close 30 Mar 23: ASX 200 lifts for 4th day
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/30/2023 • 4 minutes, 6 seconds
CommSec Insights 30 Mar 23: The Week Ahead
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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3/30/2023 • 9 minutes, 50 seconds
Morning Report 30 Mar 23: US sharemarkets advanced
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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3/29/2023 • 4 minutes, 24 seconds
Market Close 29 Mar 23: The Aussie sharemarket lifted for the 3rd straight day
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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3/29/2023 • 2 minutes, 44 seconds
Executive Series 24 Mar 23: Washington H. Soul Pattinson (SOL) Chairman, Rob Millner
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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3/29/2023 • 8 minutes, 30 seconds
Morning Report 29 Mar 23: US sharemarkets fell on Tuesday
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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3/28/2023 • 4 minutes, 33 seconds
Market Close 28 Mar 23: Aussie market lifts for the 2nd straight day
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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3/28/2023 • 3 minutes, 34 seconds
Morning Report 28 Mar 23: US blue chips rise on Monday but technology stocks slip
US blue chips rise on Monday but technology stocks slip on hopes for an easing of banking sector jitters.
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3/27/2023 • 2 minutes, 47 seconds
Market Close 27 Mar 23: ASX 200 starts week with modest gains
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/27/2023 • 3 minutes, 23 seconds
Morning Report 27 Mar 23: European stocks fall as Deutsche Bank sparks another bank rout
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/26/2023 • 4 minutes, 19 seconds
Market Close 24 Mar 23: ASX 200 slides for a 7th straight week
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/24/2023 • 4 minutes, 19 seconds
Morning Report 24 Mar 23: US sharemarkets rebounded on Thursday
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/23/2023 • 5 minutes, 31 seconds
Market Close 23 Mar 23: ASX 200 snaps 2-day winning streak
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/23/2023 • 3 minutes, 56 seconds
CommSec Insights 23 Mar 23: The Week Ahead
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/23/2023 • 8 minutes, 53 seconds
Morning Report 23 Mar 23: US sharemarkets fell on Wednesday
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/22/2023 • 3 minutes, 52 seconds
Market Close 22 Mar 23: ASX 200 lifts for the 2nd straight day
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/22/2023 • 2 minutes, 42 seconds
Executive Series 10 March 23: GQG Partners Chairman & CIO, Rajiv Jain
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/21/2023 • 16 minutes, 3 seconds
Morning Report 22 Mar 23: US and European stocks gains as confidence returns to Bank shares
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/21/2023 • 4 minutes, 44 seconds
Market Close 21 Mar 23: Australian sharemarket rebounds on Tuesday following a strong lead on Wall Street.
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/21/2023 • 2 minutes, 37 seconds
Morning Report 21 Mar 23: US sharemarkets rebounded on Monday
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/20/2023 • 2 minutes, 55 seconds
Market Close 20 Mar 23: ASX 200 extends last week’s losses
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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3/20/2023 • 3 minutes, 7 seconds
Morning Report 20 Mar 23: Global sharemarkets tumble on Friday ahead of UBS takeover of Credit Suisse
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/19/2023 • 5 minutes, 4 seconds
Market Close 17 Mar 23: ASX 200’s biggest weekly drop in 6 months
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/17/2023 • 3 minutes, 56 seconds
Morning Report 17 Mar 23: US sharemarkets rebounded on Thursday
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/16/2023 • 7 minutes, 15 seconds
Market Close 16 Mar 23: ASX 200 hits 10-week low
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/16/2023 • 6 minutes, 42 seconds
CommSec Insights 16 Mar 23: The Week Ahead
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/16/2023 • 15 minutes, 9 seconds
Morning Report 16 Mar 23: Global sharemarkets tumble as Credit Suisse sparks fresh bank sell-off
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/15/2023 • 5 minutes, 45 seconds
Market Close 15 Mar 23: ASX 200 snaps three-day losing streak
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/15/2023 • 3 minutes, 14 seconds
Executive Series 28 Feb 23: WiseTech Global Ltd (WTC) Founder & CEO, Richard White
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/15/2023 • 9 minutes, 48 seconds
Morning Report 15 Mar 23: Wall Street lifts as inflation cools and regional US bank jitters subside
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/14/2023 • 6 minutes, 17 seconds
Market Close 14 Mar 23: ASX 200 falls for third straight day
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/14/2023 • 2 minutes, 59 seconds
Morning Report 14 Mar 23: ASX set for a sharp drop
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/13/2023 • 4 minutes, 8 seconds
Market Close 13 Mar 23: Aussie market hits 2-month low
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/13/2023 • 5 minutes, 53 seconds
Morning Report 13 Mar 23: US sharemarkets tumbled on Friday
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/12/2023 • 3 minutes, 59 seconds
Market Close 10 Mar 23: ASX 200 has biggest tumble in 6 months
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/10/2023 • 5 minutes, 8 seconds
Morning Report 10 Mar 23: US sharemarkets tumbled
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/9/2023 • 5 minutes, 16 seconds
Market Close 9 Mar 23: ASX 200 edges higher for 5th time in 6 days
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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3/9/2023 • 4 minutes, 59 seconds
CommSec Insights 9 Mar 23: The Week Ahead
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/9/2023 • 10 minutes, 11 seconds
Morning Report 9 Mar 23: ASX set for a positive start
US sharemarkets were mixed on Wednesday after US Fed Chair Jerome Powell did not commit to a 50 basis point rate hike in March, but strong labour market readings supported views that the US central bank will hike rates further. At the close of trade, the Dow Jones index fell by 58 points or 0.2%. The S&P 500 index rose 0.1% and the Nasdaq index added 46 points or 0.4%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/8/2023 • 6 minutes, 43 seconds
Market Close 8 Mar 23: ASX 200 snaps 4-day winning streak
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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3/8/2023 • 6 minutes, 50 seconds
Executive Series 1 Mar 23: Woodside Energy Group (WDS) CEO, Meg O’Neill
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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3/8/2023 • 10 minutes, 18 seconds
Morning Report 8 Mar 23: US sharemarkets tumbled
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/7/2023 • 5 minutes, 24 seconds
Market Close 7 Mar 23: ASX 200 extends winning streak
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/7/2023 • 5 minutes, 54 seconds
Adairs Ltd (ADH), CEO & Managing Director, Mark Ronan
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/7/2023 • 13 minutes, 17 seconds
Morning Report 7 Mar 23: US sharemarkets were mixed
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/6/2023 • 5 minutes, 14 seconds
Market Close 6 Mar 23: ASX 200 lifts for 3rd session
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/6/2023 • 6 minutes, 8 seconds
Executive Series 1 Mar 23: Santos (STO) CEO & MD, Kevin Gallagher
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/6/2023 • 9 minutes, 49 seconds
The CommSec Market Update 6 Mar 23: US stocks push higher as interest rates moderate
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/5/2023 • 8 minutes, 54 seconds
Market Close 3 Mar 23: ASX 200 slides for 4th straight week
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/3/2023 • 5 minutes, 17 seconds
Reporting Season Wrap 1 Mar 23: Underwhelming profit results
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/3/2023 • 7 minutes, 47 seconds
The CommSec Market Update 3 Mar 23: Stocks advance as bond yields continue to march higher
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%.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/2/2023 • 7 minutes, 42 seconds
Market Close 2 Mar 23: Flat finish for the ASX 200
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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3/2/2023 • 5 minutes, 29 seconds
CommSec Insights 2 Mar 23: The Week Ahead
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/2/2023 • 16 minutes, 34 seconds
The CommSec Market Update 2 Mar 23: Global sharemarkets were mixed on Wednesday
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/1/2023 • 3 minutes, 39 seconds
Market Close 1 Mar 23: Choppy start to March
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
3/1/2023 • 6 minutes, 30 seconds
Month in Review February 2023: Global shares close out a volatile month in the red
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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3/1/2023 • 6 minutes, 20 seconds
Executive Series 24 Feb 23: Zip Co (ZIP) Co-Founder and Global COO, Peter Gray
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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2/28/2023 • 10 minutes, 6 seconds
The CommSec Market Update 1 Mar 23: US & European stocks retreat on the final day of the month
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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2/28/2023 • 8 minutes, 18 seconds
Market Close 28 Feb 23: ASX 200 rebounds as reporting season draws to a close
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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2/28/2023 • 2 minutes, 7 seconds
The CommSec Market Update 28 Feb 23: Wall Street finds support following recent retreat
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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2/27/2023 • 7 minutes, 38 seconds
Market Close 27 Feb 23: ASX 200 sinks to fresh 6-week low
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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2/27/2023 • 6 minutes, 52 seconds
Pilbara’s Half Year Result 27 Feb 23: Lithium miner’s inaugural dividend
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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2/27/2023 • 3 minutes, 48 seconds
The CommSec Market Update 27 Feb 23: Wall Street posts biggest weekly drop in 2023 after hot inflation report
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/26/2023 • 4 minutes, 52 seconds
The CommSec Market Update 24 Feb 23: ASX 200 eyes a flat start following a choppy session on Wall Street
US sharemarkets rose on Thursday in a choppy session amid uncertainty over US Federal Reserve policy and worries over a possible US recession.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/23/2023 • 8 minutes, 49 seconds
Market Close 23 Feb 23: ASX 200 slipped for a 3rd day
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/23/2023 • 6 minutes, 3 seconds
CommSec Insights 23 Feb 23: The Week Ahead
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.
This report is approved 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.
2/23/2023 • 13 minutes, 18 seconds
Rio Tinto Full Year 2002 Result 22 Feb 2023
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/23/2023 • 1 minute, 55 seconds
The CommSec Market Update 23 Feb 23: US stocks under pressure as Fed signals more work required on containing inflation
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
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/22/2023 • 6 minutes, 14 seconds
Market Close 22 Feb 23: ASX 200 bounces off 6-week low
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/22/2023 • 5 minutes, 40 seconds
The CommSec Market Update 22 Feb 23: US shares slump 2% on fears of higher interest rates
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/21/2023 • 3 minutes, 50 seconds
Market Close 21 Feb 23: ASX 200 hits 5 ½ week low
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/21/2023 • 6 minutes, 23 seconds
BHP Half Year Result 21 Feb 23: Lower iron ore and copper prices drive dividend lower
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/21/2023 • 4 minutes, 1 second
Executive Series 13 Feb 2023: Transurban Group (TCL) CEO, Scott Charlton
Transurban Group (TCL) CEO, Scott Charlton speaks with Tom Piotrowski about the company’s first half results, his plans to step down as CEO at the end of the year, and how the company is positioned in this rising interest rate environment.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/20/2023 • 8 minutes, 57 seconds
The CommSec Market Update 21 Feb 23: Markets struggle for direction with Wall Street closed for a long weekend
European sharemarkets edged higher on Monday. Mining stocks climbed 2.4% after prices of industrial metals rose on hopes of a recovery in demand from top consumer China and on support from global mining supply disruptions.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/20/2023 • 6 minutes, 59 seconds
Market Close 20 Feb 23: Cautious start to the week for ASX 200
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/20/2023 • 5 minutes, 26 seconds
The CommSec Market Update 20 Feb 23: Wall Street mixed on Friday as investors fret about interest rate hikes
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/19/2023 • 4 minutes, 11 seconds
Market Close 17 Feb 23: ASX 200 slumped by 1.2% this week
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/17/2023 • 5 minutes, 34 seconds
Telstra’s Half Year Result 17 Feb 23
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/17/2023 • 2 minutes, 32 seconds
Whitehaven Coal’s Half Year Result 16 Feb 23: Record profits but dividend disappoint
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/16/2023 • 4 minutes, 37 seconds
The CommSec Market Update 17 Feb 23: US stocks recover from steep losses following hot inflation figures
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/16/2023 • 9 minutes
Market Close 16 Feb 23: ASX 200 bounces back from 4-week low
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.
2/16/2023 • 5 minutes, 43 seconds
CommSec Insights 16 Feb 23: The Week Ahead
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.
This content is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 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 Cboe Australia Pty Limited. All information contained herein is provided on a factual or general advice basis and is not intended to be construed as an offer, solicitation or investment recommendation in anyway. It has been prepared without taking into account your individual objectives, financial situation or needs. Past performance is not a reliable indicator of future performance. CommSec, the Bank, our employees and agents may receive a commission and / or fees from transactions and / or deal on their own account in any securities referred to in this communication and may make investment decisions that are inconsistent with the recommendations or views expressed within this communication. Any comments, suggestions or views presented herein may differ from those expressed elsewhere by CommSec and / or the Bank. The content may not be used, distributed or reproduced without prior consent and any unauthorised use of the content may breach copyright provisions. CommSec does not give any representation or warranty as to the accuracy, reliability or completeness of any content including any third party sourced data, nor does it accept liability for any errors or omissions. CommSec is not liable for any losses or damages arising out of the use of information contained in this communication. This communication is not intended to be distributed outside of Australia.