CommSec Market Update CommSec

Wall Street treads water as investors return from a holiday.  We saw record levels but retreated by the end of the day.  While Aussie shares are poised to open higher.  The S&P 500 briefly topped 5,500 points before losing some traction.  European markets had a better tone, with central banks making interest rate decisions.
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The market has remained relatively flat today following a day of closed US markets.  Laura and Stevie unpack this performance which saw mixed results across the sectors and discuss why a lack of international economic data likely had a part to play.  The biggest listing on the share market in three years also went public today in the form of Guzman y Gomez, they discuss this launch and also look at the top performing stocks in this session.
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
See omnystudio.com/listener for privacy information.

US 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.

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.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
See omnystudio.com/listener for privacy information.

The 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.