CommSec Market Update CommSec

The market has declined today following in the footsteps of international movements.  Laura and Stevie recap the sector performances of the past month and then look to their performance today.  They talk through some of the big market movers for the day and look to what could lie ahead for the Aussie market ahead of upcoming international announcements.

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US stocks faced downward pressure overnight due to reinvigorated inflation concerns, leading to expectations of a similar trend in Aussie shares, anticipated to start May on a negative note after experiencing their worst month since October. Stronger wages data in the US fuelled fears of inflation and prompted a downturn in the stock market, which could result in a hawkish pivot by the US Federal Reserve at tonight's meeting. Tom and Ryan also discuss developments in commodity markets, such as fluctuations in oil and gold prices, along with Australian home price data and the ongoing BHP-Anglo American deal.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation 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 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.

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.

The content in this podcast is prepared, approved and distributed in Australia by Commonwealth Securities Limited ABN 60 067 254 399 AFSL 238814. The information does not take into account your objectives, financial situation 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 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.

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

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. 

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