CommSec Market Update CommSec

The Aussie market showed a partial recovery today, with the ASX 200 index rising by 59 points or 0.8%, despite still being on track for a weekly decline. The market's recent volatility has left it roughly 2% below its record high from two weeks ago. Miners led the gains, with energy and property stocks also performing well. Despite three days of declines this week, the market remains on course for its second-best month of the year, highlighting resilience amidst global economic fluctuations. Looking ahead, next week's key events include U.S. inflation data and significant tech earnings reports, which are expected to heavily influence market trends.
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Join Tom and Ryan as they discuss the week ahead in Aussie and Global markets.US stocks experienced mixed fortunes last night as tech stocks underperformed, while the Dow Jones outperformed as stock rotation continues. Harley-Davidson reported increased profits due to strong demand for touring bikes. Closer to home, the ASX is poised to rise, supported by climbing energy prices, while the Australian dollar faces pressure from declining iron ore prices.
The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation or needs. Consider the appropriateness of the information before acting and if necessary, seek appropriate professional advice.
See omnystudio.com/listener for privacy information.

The Aussie 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.

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.

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.

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.